KINGSTON, Jamaica — The United States (US) dollar on Wednesday, September 25, ended trading at $158.72, up 17 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary.
The Canadian dollar closed at $117.88, up from $117.85, while the British pound sterling ended at $210.66, up from $210.59.
The Jamaican dollar eased against all three currencies, though the moves against the Canadian dollar and pound were only a few cents.
What it means for property buyers and the diaspora
For most households these are modest shifts, but they matter at scale. On a US$100,000 home purchase funded from abroad, a 17-cent move in the exchange rate changes the Jamaican-dollar equivalent by about J$17,000. Developers importing materials in bulk, and investors comparing Jamaican-dollar rents with US-dollar mortgage payments, will want to keep an eye on the trend rather than any single day.
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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