Compare Exchange Rates
Find the best rates across all financial institutions
🛒
Buy GBP
J$210.600
Best rate (lowest)
💰
Sell GBP
J$210.100
Best rate (highest)
📊
Spread
J$0.500
Gap between rates
🏛️
BOJ Rate
J$215.42
Official Jul 21
All Sources Comparison
Understanding the Spread
The spread is the difference between the buy and sell rate. It's how banks and cambios make money on foreign exchange.
A higher spread means you pay more when buying foreign currency, or get less when selling. It's a hidden cost that adds up, especially on larger amounts.
Spread Score Guide:
Low (<1%) - Good deal, low hidden cost
Medium (1-2%) - Average, typical spread
High (>2%) - Expensive, high hidden cost
| Bank / Institution | You Buy GBP | You Sell GBP |
|---|---|---|
|
Sc
Scotiabank
|
J$210.600
Lowest ✓
|
J$210.100
Highest ✓
|
|
FX
FX_Trader
|
J$213.700
|
J$205.500
|
|
Al
AllianceFinancial
|
J$217.250
|
J$207.250
|
|
NC
NCB
|
J$215.800
|
J$205.700
|
|
VM
VMBuildingSociety
|
J$216.250
|
J$204.500
|
|
JM
JMMB
|
J$216.000
|
J$201.200
|
|
Fi
FirstGlobal
|
J$216.500
|
J$199.000
|
|
JN
JNBank
|
J$213.980
|
J$193.720
|
|
CI
CIBC
|
J$219.248
|
J$192.898
|
✓
Best Spread (Lowest Hidden Cost)
Scotiabank
J$0.500 (0.2%)
📊
Widest Spread
CIBC
J$26.351 (12.0%)
💡 Understanding FX Rates & Spreads
When Exchanging Currency:
- 🛒 Buying GBP? Look for the lowest sell rate - you pay less JMD per $1 GBP
- 💰 Selling GBP? Look for the highest buy rate - you get more JMD per $1 GBP
- ⚠️ Check fees: Some institutions charge additional transaction fees on top of the rate
Understanding the Spread:
- 📊 What is spread? The difference between buy and sell rates - it's the institution's profit margin
- ✓ Low spread (<1%): Best value - the institution takes less profit from your exchange
- ! High spread (>2%): Hidden cost is higher - compare with other institutions first
💡 Pro Tip: Always compare spreads between institutions. A "good" exchange rate with a high spread might actually cost you more!