KINGSTON, Jamaica — The United States (US) dollar on Monday, December 1, ended trading at $161.05, down 15 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar closed at $115.08, barely up from $115.07, while the British pound ended at $212.70, down from its previous close of $214.04.
The Jamaican dollar strengthened against the US dollar and the pound and held steady against the Canadian dollar, opening December on a firmer footing.
What it means for property buyers and the diaspora
With rebuilding after Hurricane Melissa still under way across the western parishes, the cost of imported materials remains a daily concern for homeowners. A firmer Jamaican dollar trims the local price of US-priced lumber, zinc and cement slightly. For UK-based Jamaicans sending money for repairs or a property deposit, the lower pound rate means each transfer delivers somewhat less than it did a day earlier.
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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