US Dollar Exchange Rate Rises to J$157.80 in Jamaica

Wednesday, 7 August 2024, 21:20

On August 7, the Bank of Jamaica reported that the US dollar concluded trading at J$157.80, reflecting an increase of six cents. In contrast, the Canadian dollar decreased to J$113.78 from J$115.17, while the British pound fell to J$201.45 from J$203.56. These fluctuations in exchange rates highlight the ongoing volatility in the foreign exchange market and its potential implications for international trade in Jamaica.
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US Dollar Exchange Rate Rises to J$157.80 in Jamaica

Foreign Exchange Updates

On August 7, the US dollar closed at J$157.80, marking an increase of six cents.

Other Currency Movements

  • Canadian dollar – decreased to J$113.78 from J$115.17
  • British pound sterling – fell to J$201.45 down from J$203.56

Conclusion

These currency movements demonstrate the fluctuating dynamics within the foreign exchange market, which have significant consequences for international trade in Jamaica.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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