100 USD to JMD: MoneyGram Exchange Rate
Are you planning to send money to Jamaica or receive money from abroad through MoneyGram? If so, you're probably wondering how much 100 USD is worth in Jamaican Dollars (JMD). In this article, we'll explore the current exchange rate and provide you with an estimate of how much JMD you can expect to receive.
Current Exchange Rate:
As of the current date, the exchange rate from USD to JMD is approximately 1 USD = 130-135 JMD. Please note that exchange rates can fluctuate constantly, and this rate may have changed by the time you read this article. We recommend checking the current exchange rate on the MoneyGram website or with your local bank for the most up-to-date information.
100 USD to JMD Conversion:
Based on the current exchange rate, if you send 100 USD through MoneyGram, the recipient can expect to receive approximately:
13,000 - 13,500 JMD
Keep in mind that this is an estimate, and the actual amount received may vary depending on the exchange rate at the time of the transfer, as well as any fees associated with the transaction.
MoneyGram Fees:
When sending money through MoneyGram, you should be aware of the fees involved. These fees vary depending on the transfer amount, payment method, and destination country. On average, MoneyGram fees can range from 1-5% of the transfer amount, plus a fixed fee.
In this case, if you send 100 USD, the fees might be around 2-5 USD, depending on the payment method and other factors. This would leave the recipient with around 12,500 - 13,000 JMD, assuming an exchange rate of 1 USD = 130-135 JMD.
Conclusion:
When sending 100 USD through MoneyGram to Jamaica, the recipient can expect to receive approximately 13,000 - 13,500 JMD, depending on the current exchange rate and fees. We recommend checking the current exchange rate and fees on the MoneyGram website or with your local bank before initiating the transfer.
