Investor Glossary-jmdInvestor Glossary-jmdInvestor Glossary-jmdInvestor Glossary-jmdInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

JMD

The HTML to link to this page
 

JMD is the three-character currency abbreviation for the Jamaican Dollar based on the ISO-4217 standard codes. JMD is the official currency of Jamaica. The common usage symbol for the JMD is J$. The Bank of Jamaica is the government institution that issues the JMD. The JMD divides into smaller units known as Jamaican cents. The JMD is considered a minor currency and is not actively traded in the international currency markets. The value of the JMD "floats" against other currencies. That is, market forces determine the value of the JMD. Therefore, the JMD is easily convertible into other currencies. The approximate conversion value (in late 2005) for the JMD in US dollars is JMD 64+ to USD 1. Jamaican banknotes are issued in denominations of $50, $100, $500, and $1000. All smaller denominations of the JMD are issued in coin.



Rate this JMD definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: 144a, debt service coverage, Zero Cost Collar, per diem, FICO score, class C shares, in escrow, EBITDA, 401a, command economy, deferred revenue, current ratio, reverse mortgage, wholly-owned subsidiary, phantom income, dividends payable, annual return, stock split, balance sheet, APR, required rate of return, VIX, labor relations, LIBOR, FTSE, stock market close, 1035 exchange, real GDP, cancelled check, covered put, liquidity ratio, Key Rate Duration, diluted share, limit order, quality assurance, ex-dividend date, inflation, ex-dividend, average price per share, retained earnings, risk management, option premium, irrevocable trust, implied volatility, 1031 exchange, open position, margin rate, minority interest, deferred tax


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use