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Compare today's NGN to JMD (Nigerian Naira to Jamaican Dollar) exchange rates

Nigeria
Jamaica
NGN

Interbank Exchange Rate: 1 NGN = 0.1144 JMD
Updated about an hour ago

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All you need to know about Nigerian Naira to Jamaican Dollar money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Jamaica. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Jamaican Dollar (JMD) 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 Nigeria.

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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 NGN to JMD Conversion Rates

Here are some latest NGN to JMD (Nigerian Naira to Jamaican Dollar) exchange rates for popular conversion amounts*.

1 NGN0.11 JMD
5 NGN0.57 JMD
10 NGN1.14 JMD
25 NGN2.86 JMD
50 NGN5.72 JMD
100 NGN11.44 JMD
150 NGN17.16 JMD
200 NGN22.88 JMD
250 NGN28.60 JMD
300 NGN34.32 JMD
400 NGN45.76 JMD
500 NGN57.20 JMD
600 NGN68.64 JMD
700 NGN80.08 JMD
800 NGN91.52 JMD
1,000 NGN114.40 JMD
1,500 NGN171.60 JMD
2,000 NGN228.80 JMD
2,500 NGN286.00 JMD
3,000 NGN343.20 JMD
4,000 NGN457.60 JMD
5,000 NGN572.00 JMD
10,000 NGN1,144.00 JMD
15,000 NGN1,716.00 JMD
20,000 NGN2,288.00 JMD
30,000 NGN3,432.00 JMD
40,000 NGN4,576.00 JMD
50,000 NGN5,720.00 JMD
100,000 NGN11,440.00 JMD

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


What's the best way to do Nigeria to Jamaica money transfers?

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 Nigeria to Jamaica. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Nigerian Naira to JMD.

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 NGN to JMD in Jamaica. 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 Jamaica from Nigeria. We provide you with maximum choices to send money to Jamaica by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to Jamaica from Nigeria?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Jamaica from Nigeria.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your NGN to Jamaican Dollar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for NGN to JMD remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


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

The final amount your recipient gets when you send NGN to JMD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Nigeria to Jamaica used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Jamaican Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Nigerian Naira to Jamaica exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Nigeria to Jamaica?

Big banks in Nigeria are known to make a lot of money by charging high fees on Jamaica money transfers from Nigeria. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a NGN to JMD exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Jamaica. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Nigeria to Jamaica. You work hard for your money, so you should also ensure you get the maximum yield when you send JMD overseas.


How to send money from Nigeria to Jamaica fast?

If you need to convert NGN to JMD 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 Nigeria to Jamaica 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 Nigerian Naira to Jamaican Dollar 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 Jamaica.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Nigeria to Jamaica. 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 to Jamaica from Nigeria?

The first step in selecting the best money transfer operators for Nigeria to Jamaica remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Nigerian Naira to Jamaican Dollar money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Jamaica.


Step by step guide to send money from Nigeria to Jamaica

There are many important aspects of Nigeria to Jamaica remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Nigeria bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include JMD bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Nigerian Naira amount you want to send from Nigeria.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Jamaica to validate that they get the money once the transaction clears.