Number of the Day – 116.12

The exchange rate as at the end of May 2015 was J$116.12 for US$1. The exchange rate depreciated in the value by just less than 1% for the month.

When compared to 12 months ago, there was a more than 4% depreciation in the value of the currency, which was recorded at J$111.26. However, the currency has depreciated more that 17% since May 2013.

The depreciation of exchange rate seems to be slowing.

Exchange Rate. June 22
Source: Bank of Jamaica