KINGSTON, Jamaica — The United States (US) dollar on Tuesday, August 4, ended trading at $159.60, up 56 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar ended at $112.33, down from $114.53, while the British pound slipped to $213.32 from $213.55.
The Jamaican dollar lost ground to the US dollar but advanced against the Canadian dollar by more than $2 and edged up against sterling, leaving a mixed result for the day.
What it means for property buyers and the diaspora
US-based Jamaicans putting money toward a lot, a starter home or a family house renovation got a better conversion on this day. For those in Canada the story was reversed, and a transfer of the same size would have covered less of a deposit or stamp duty bill. Builders buying US-priced inputs such as rebar and PVC pipe face a slightly higher local cost.
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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