October 30, 2014, the last day of trading for the month, the US dollar traded for an average selling rate of J$112.76:US$1.00, representing a less than one per cent depreciation relative to the ending of the previous month. September 30, 2014, the US dollar traded for an average selling rate of J$112.74.
For point-to point (Oct. 2013 to Oct. 2014) comparison, the dollar depreciated by 7%. The depreciation in the dollar since the signing of the IMF Agreement May 1, 2013 now stands at 14%.
Stock Market Update
Main JSE Index & Junior Index
In October, the main index declined and the junior index advanced. The main index declined by 532.07 points to close at 71,706.29. While the junior index advanced by 2.67 points to close at 656.46.
- JSE Market Index for the last trading day of each month from January 2011 to October 2014
- JSE Junior Market Index for the last trading day of each month from January 2011 to October 2014
For more information about the role of the exchange rate under the IMF program check out diGJamaica’s IMF Special Report. Fueled by research, it is the first and only online information portal about Jamaica’s relationship and interaction with the IMF, providing valuable news, data, timelines and resources.
Checkout the Business Dashboard for more information on changes in key indicators relevant to doing business in Jamaica and their most recent publicly available measures.