KINGSTON, Jamaica — The United States (US) dollar on Monday, November 17, ended trading at $161.68, up 6 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar closed at $115.67, down from $118.05, while the British pound ended at $212.35, down from its previous close of $213.16.
The Jamaican dollar slipped slightly against the US currency but strengthened against both the Canadian dollar and the pound, a mixed session overall.
What it means for property buyers and the diaspora
The sharp fall in the Canadian dollar rate stands out for the large Jamaican community in Ontario and beyond. Anyone converting Canadian savings for a land purchase, closing costs or hurricane repairs would have received noticeably fewer Jamaican dollars than at the previous close. For buyers with US-dollar mortgages or rent obligations, the small uptick in the US rate makes little practical difference to monthly payments.
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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