The Bald Eagle Continues To Soar – J$ Loses Another 1.25% in January

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Source: Bank of Jamaica

The US$ exchange rate climbed another 1.25% in the month of January, ending the month at J$94.14 to US$1. The Jamaican dollar has lost 8.5% of its value against the US dollar since January 2012. The graph, however, point outs a discernible trend upwards since April 2012… correlation or causation?