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Compare today's JMD to KRW (Jamaican Dollar to South Korean Won) exchange rates

Jamaica
South Korea
JMD

Interbank Exchange Rate: 1 JMD = 9.3334 KRW
Updated about an hour ago

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All you need to know about Jamaican Dollar to South Korean Won money transfers

Easily compare money transfer providers in one place to send money from Jamaica to South Korea. Send money overseas to your loved ones by comparing Jamaican Dollar (JMD) to South Korean Won (KRW) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Jamaica.

Were you looking to send money from South Korea to Jamaica instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest JMD to KRW Conversion Rates

Here are some latest JMD to KRW (Jamaican Dollar to South Korean Won) exchange rates for popular conversion amounts*.

1 JMD9.33 KRW
5 JMD46.67 KRW
10 JMD93.33 KRW
25 JMD233.33 KRW
50 JMD466.67 KRW
100 JMD933.34 KRW
150 JMD1,400.01 KRW
200 JMD1,866.68 KRW
250 JMD2,333.35 KRW
300 JMD2,800.02 KRW
400 JMD3,733.36 KRW
500 JMD4,666.70 KRW
600 JMD5,600.04 KRW
700 JMD6,533.38 KRW
800 JMD7,466.72 KRW
1,000 JMD9,333.40 KRW
1,500 JMD14,000.10 KRW
2,000 JMD18,666.80 KRW
2,500 JMD23,333.50 KRW
3,000 JMD28,000.20 KRW
4,000 JMD37,333.60 KRW
5,000 JMD46,667.00 KRW
10,000 JMD93,334.00 KRW
15,000 JMD140,001.00 KRW
20,000 JMD186,668.00 KRW
30,000 JMD280,002.00 KRW
40,000 JMD373,336.00 KRW
50,000 JMD466,670.00 KRW
100,000 JMD933,340.00 KRW

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Jamaica to South Korea?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Jamaica to South Korea. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Jamaican Dollar to KRW.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send JMD to KRW in South Korea. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to South Korea from Jamaica. We provide you with maximum choices to send money to South Korea by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to South Korea from Jamaica?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Jamaica to South Korea transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your JMD to South Korean Won international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Jamaican Dollar to South Korean Won exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to South Korea from Jamaica?

Finding the cheapest way to send money from Jamaica to South Korea might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer JMD to KRW via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Jamaica to South Korea exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money to South Korea from Jamaica through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Jamaica to South Korea money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like JMD to KRW transfers.

Given this, there are umpteen additional options to send money to South Korea instead of just your Jamaica bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Jamaican Dollar even more so that your recipient in South Korea gets the maximum amount.


How to send money to South Korea from Jamaica fast?

If you need to convert JMD to KRW as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Jamaica to South Korea could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Jamaican Dollar to South Korean Won funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to South Korea.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Jamaica to South Korea. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Jamaica to South Korea?

Since the Jamaican Dollar to South Korean Won money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Jamaica that may also be able to send money to South Korea. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your JMD to KRW money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in South Korea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Jamaica to South Korea transaction.


Step by step guide to send money to South Korea from Jamaica

Follow the below easy steps to send money to South Korea from Jamaica.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Jamaica bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in South Korea).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your JMD to KRW remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.