KINGSTON, Jamaica — The United States (US) dollar on Monday, November 10, ended trading at $160.90, down 14 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar closed at $114.73, down from $115.62, and the British pound ended at $209.08, down from its previous close of $213.76.
All three major currencies weakened against the Jamaican dollar, with the pound recording the steepest fall of the session.
What it means for property buyers and the diaspora
Two weeks after Hurricane Melissa, many households are pricing zinc, plywood and other imported materials to make homes weatherproof again. A firmer Jamaican dollar helps a little, since suppliers pay for much of that stock in US dollars. Senders in the United Kingdom, however, lost the most on the day: a transfer converted at the lower pound rate delivers noticeably fewer Jamaican dollars for repairs or deposits.
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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