|Currency Pair||14 March 2022||15 March 2022||16 March 2022||17 March 2022|
According to data from OANDA, a foreign exchange brokerage, the US dollar has showed slight weakness when compared to the Jamaica dollar. During the period 1 December to 5 December 2020, the US dollar priced in Jamaica dollars fell 0.950% from 145.195 JMD to 143.815 JMD. The British pound did not fare much better, falling .5456% from 194.220 JMD to 193.160 JMD.
The Jamaica dollar price for the China yuan fell .292% from 22.1260 JMD to 22.0613 JMD.
The JMD-priced euro saw some gain, climbing in price by .069% from 174.173 JMD to 174.294 JMD.
The inter-bank rate has held at .50% since August 2019 with the Bank of Jamaica targeting an inflation range of four to six percent.
As of 11:11 am EST, 9 November 2020:
How to read the chart:
CAD/USD: If you come to the United States with one Canadian dollar (CAD)and wish to sell it for a US dollar (USD), the market price is .76559 USD.
USD/CAD: If you take a US dollar (USD) to Canada and wish to sell it for a Canadian dollar (CAD), the market price is 1.30530 CAD
CNH/USD= 0.15166 USD/CNH=6.58901
EUR/USD= 1.18728 USD/EUR=0.84194
DKK/USD =0.15925 USD/DKK=6.27257
NGN/USD= 0.00261 USD/NGN=381.500
GYD/USD=0.00478 USD/GYD= 209.215
GHS/USD=0.17141 USD/GHS= 5.82600
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00909 USD/KES= 108.121
Major political/legal event in the United States:
Presumptive president-elect Joseph R. Biden has launched a transition website that describes his initial initiatives he plans to address upon taking office in January 2021. Mr Biden appears prepared to engage in a level of spending to address faults and inequities in the American economic infrastructure that were in place prior to the Covid pandemic. Spending initiatives include:
- Providing state, local, and tribal governments with financial assistance;
- Extending Covid crisis unemployment insurance to people out of work;
- Provide a financial package for small businesses and entrepreneurs;
- Creation of a public health corps that puts the unemployed to work fighting the pandemic.
No discussion has been provided by the transition team yet on the costs of these packages and the impact they may have on money supply expansion/contraction, trade, or foreign exchange rates.
As of 11:27 am EST, 5 November 2020:
How to read the chart:
CAD/USD: If you come to the United States with one Canadian dollar (CAD)and wish to sell it for a US dollar (USD), the market price is .75872 USD.
USD/CAD: If you take a US dollar (USD) to Canada and wish to sell it for a Canadian dollar (CAD), the market price is 1.31781 CAD
CNH/USD= 0.14978 USD/CNH=6.67451
EUR/USD= 1.16944 USD/EUR=0.85500
DKK/USD =0.15704 USD/DKK=6.36610
NGN/USD= 0.00261 USD/NGN=382.732
GYD/USD=0.00478 USD/GYD= 209.165
GHC/USD=0.00002 USD/GHC= 58,333.7
Major political/legal event in the United States: Ballot counting is continuing in the U.S. presidential elections. Democratic presidential candidate Joseph R. Biden reportedly has 264 unofficial Electoral College votes while Republican candidate Donald J. Trump has 214 unofficial Electoral College votes.
The official declaration of President-Elect is scheduled for 14 December 2020.
Today, the Board of Governors of the Federal Reserve System concludes their Federal Open Market Committee meeting. The Board will report its fed funds rate decision at 2:00 pm EST.
Source: Bloomberg, Federal Reserve