Exchange Rate Update: Have A Look At November 1973 To November 2013

exchange_rates_monthly
Source: Bank of Jamaica

 November 29, 2013 , the Jamaican Dollar traded for an average selling rate of J$105.80 to US$1.

The decline represents a 7% depreciation in the selling rate since the approval of the IMF Agreement on May 1, 2013, when the JMD dollar trading for an average  J$99.33 to US$1.

The currency declined by 15% when compared with the closing selling rate J$91.89 in November 2012.

The table below shows indicative exchange rates for the last day of November from 1973 to November 2013.

exchange_rates_nov_blogpost.
Source: Bank of Jamaica

For all of the “Chart Nerds” out there, diGJamaica has tracked the depreciation of the Jamaican dollar against the change in the major Jamaica Stock Exchange Market Indices since the end of December 2012. This is depicted in the chart here.

For more information about the role of the exchange rate under the IMF program check out our 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.