*Information courtesy of the Bank of Jamaica (BOJ)
The Image shows indicative exchange rates for the last day of each month from January 2011 to April 2013. Click on the Image to enlarge.
The Motion Chart shows the indicative exchange rates as they have moved for January 2012 to April 2013 only.
The US$ to J$ exchange rate is the most important exchange rate for Jamaican businesses and Jamaican people and the value of this exchange rate is always a need-to-know number in the fabric of our culture.
The higher the value of the exchange rate, the cheaper our goods will be abroad, potentially enhancing our exports. Unfortunately, the higher value also means higher prices for all imported goods, which forms the basis for a high percentage of consumption in the nation. Water and Electricity rates are also indexed to the exchange rate so the higher the value the harder it is on consumers and producers.