KINGSTON, Jamaica — The United States (US) dollar on Tuesday, June 2, ended trading at $158.77, up 33 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar rose to $115.51 from $114.47, and the British pound finished at $214.84, up from $211.34.
The Jamaican dollar weakened against all three major currencies, with a particularly steep decline of $3.50 against sterling.
What it means for property buyers and the diaspora
Overseas Jamaicans, particularly in Britain, got more value from money sent home for a down payment, surveyor’s fees or a construction milestone. Locally, a softer Jamaican dollar tends to feed through, over time, into higher prices for imported tiles, fixtures and building hardware, so contractors quoting on new projects may keep a closer eye on the rate.
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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