KINGSTON, Jamaica — The United States (US) dollar on Tuesday, September 10, ended trading at $158.65, up 36 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar closed at $117.47, up from $117.38, while the British pound sterling ended at $208.32, down from $210.43.
The Jamaican dollar weakened against the US and Canadian dollars but made a strong gain against the pound.
What it means for property buyers and the diaspora
UK senders were the losers on the day, with the pound shedding more than $2 against the Jamaican dollar, which trims the local-currency value of funds sent for deposits, surveyor fees or renovation work. In contrast, a firmer US dollar gave North American remitters a slightly better deal, while raising the Jamaican-dollar cost of imported fixtures and building supplies for local builders.
Jamaica Homes News publishes regular foreign exchange updates to help buyers, sellers and overseas investors keep track of the rates that shape the cost of property and construction in Jamaica.
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