LocalExchangeRates.com

Official Rate Sheet: South Korean Won (KRW) / Jamaican Dollar (JMD)

Date generated:

Mid-Market Rate: 1 KRW = 0.1177 JMD

Real-Time Interbank Wholesale Feed: October 6, 2026

South Korean Won to Jamaican Dollar Exchange Rate (KRW to JMD)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 KRW in JMD?

1 KRW = 0.1177 JMD

At the current mid-market wholesale exchange rate, converting 1,000 South Korean Won (KRW) yields approximately 117.70 Jamaican Dollar (JMD) (inverse rate: 1 JMD = 8.4959 KRW). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): KRW

You Receive (Estimate): JMD

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 KRW = 0.1177 JMD

Kurs odwrotny: 1 JMD = 8.4959 KRW

Status danych: Live Data (Redis)

Looking for reverse calculation? Check JMD to KRW (Jamaican Dollar to South Korean Won) Live Converter →

KRW to JMD Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for South Korean Won against Jamaican Dollar

Period High

0.1191 JMD

Period Low

0.1163 JMD

Volatility / Avg

0.1177 JMD

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 0.1163 JMD

Max: 0.1191 JMD

52-Week Range (1Y) Current Position: 65% Range

Min: 0.1136 JMD

Max: 0.1218 JMD

Standard Denomination Conversion Matrix (KRW & JMD)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

South Korean Won → Jamaican Dollar (KRW / JMD)

Wholesale Benchmark

South Korean Won (KRW)	Jamaican Dollar (JMD)
1 KRW	0.12 JMD
5 KRW	0.59 JMD
10 KRW	1.18 JMD
25 KRW	2.94 JMD
50 KRW	5.89 JMD
100 KRW	11.77 JMD
200 KRW	23.54 JMD
250 KRW	29.43 JMD
500 KRW	58.85 JMD
1,000 KRW	117.70 JMD
2,500 KRW	294.26 JMD
5,000 KRW	588.52 JMD
10,000 KRW	1,177.04 JMD

Jamaican Dollar → South Korean Won (JMD / KRW)

Wholesale Benchmark

Jamaican Dollar (JMD)	South Korean Won (KRW)
1 JMD	8.50 KRW
5 JMD	42.48 KRW
10 JMD	84.96 KRW
25 JMD	212.40 KRW
50 JMD	424.80 KRW
100 JMD	849.59 KRW
200 JMD	1,699.18 KRW
250 JMD	2,123.98 KRW
500 JMD	4,247.95 KRW
1,000 JMD	8,495.90 KRW
2,500 JMD	21,239.76 KRW
5,000 JMD	42,479.52 KRW
10,000 JMD	84,959.04 KRW

Provider / Channel	KRW/JMD Effective Exchange Rate	Estimated Fee	Estimated Received (JMD)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.1177 JMD	0.00%	588.52 JMD	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.1136 JMD	~3.50%	567.92 JMD	-20.60 JMD
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.1059 JMD	~10.00%	529.67 JMD	-58.85 JMD

1 KRW to JMD: South Korean Won to Jamaican Dollar Exchange Guide

Searches for 1 KRW to JMD or convert KRW to JMD describe the amount of Jamaican Dollar received per 1 South Korean Won. At today's wholesale baseline of 1 KRW = 0.1177 JMD (inverse: 1 JMD = 8.4959 KRW), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (South Korea ↔ Jamaica)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Bank of Korea (BoK) and Bank of Jamaica (BoJ) shape the medium-to-long term valuation of KRW/JMD.

KRW and JMD Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for South Korea and Jamaica.

How the KRW to JMD Exchange Rate Works

Foreign exchange transactions between South Korea (KRW) and Jamaica (JMD) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between KRW and JMD:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Bank of Korea (BoK) and Bank of Jamaica (BoJ) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between South Korea and Jamaica exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (JMD) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: South Korean Won to Jamaican Dollar Conversion

Common questions regarding South Korean Won to Jamaican Dollar conversion, bank spreads, and transfer costs.

How much is 1,000 KRW in JMD today?

At the current mid-market exchange rate (1 KRW = 0.1177 JMD), 1,000 South Korean Won equals approximately 117.70 Jamaican Dollar. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for South Korean Won?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with KRW?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Bank of Korea (BoK)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.