$J Depreciated More In March vs February

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On March 31st , the Jamaican Dollar traded for an average selling rate of J$109.57 to US$1.

In March the dollar lost 1.1% of its value compared to February when it lost 0.6% of its value.

The depreciation of the Jamaican Dollar’s selling rate since the approval of the IMF Agreement on May 1, 2013 now stands at 10.3%, at the time of the approval the Jamaican Dollar traded for an average J$99.33 to US$1.

Between March 2013 and March 2014, the Jamaican Dollar depreciated by 11%, moving from J$98.89 to US$1 to J$109.57 to US$1.

Between March 2012 and March 2014, the Jamaican Dollar depreciated by 25%, moving from J$87.30 to US$1 to J$109.57 to US$1.

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.

Click here to see an Image and the Motion Chart of the Indicative rates of the Jamaican Dollar for the last day of each month from January 2013 to March 2014.