Chart Of The Week: Racing To Pass J$100 To US$1

Of course, our first Chart of the Week for March would be the exchange rate update.  Last week, we blogged about the fact that the dollar lost 3.2% of its value in February alone.

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Notice that although last Friday’s official sell rate as per the BOJ is J$97.1578 to US$1, the high sell rate has exceeded $100 for some time. In the tables below (taken directly from BOJ website) on March 1, 2013 the high sell rate was J$102.19 and has been above $100 since February 18, 2013 when it was $100.05

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