The Jamaican dollar strengthened modestly on Tuesday, September 8, as the US dollar closed at J$158.65, a decline of 31 cents from the previous session, according to the Bank of Jamaica’s daily exchange trading summary Jamaicaobserver.
Why it matters: Fluctuations in the exchange rate directly affect the cost of imported goods and services for Jamaican consumers and businesses.
- The US dollar fell by 31 cents to J$158.65 Jamaicaobserver.
- The Canadian dollar dropped from J$116.62 to J$113.50 Jamaicaobserver.
- The British pound decreased from J$216.62 to J$213.39 Jamaicaobserver.
Driving the news: The Bank of Jamaica released its daily forex summary showing these specific closing rates for the major currencies Jamaicaobserver.
- The US dollar ended trading at J$158.65 Jamaicaobserver.
- The Canadian dollar ended at J$113.50 Jamaicaobserver.
- The British pound ended at J$213.39 Jamaicaobserver.
By the numbers: Recent trading data provides context for the current movement in the Jamaican dollar against the US dollar.
- On September 15, the US dollar rose to J$158.96, up 26 cents Jamaicaobserver.
- On August 21, the US dollar stood at J$159.39, down 16 cents Jamaicaobserver.
- On August 20, the US dollar was at J$159.55, up 14 cents Jamaicaobserver.