| Currency Pair | 14 March 2022 | 15 March 2022 | 16 March 2022 | 17 March 2022 |
| USD/BSD | 1.0000 | 1.0000 | 1.0000 | 1.0000 |
| USD/JMD | 151.469 | 151.847 | 151.451 | 151.49 |
| USD/HTG | 105.441 | 105.114 | 104.584 | 104.887 |
| USD/DOP | 54.5875 | 54.5107 | 54.424 | 54.4181 |
| USD/XCD | 2.7000 | 2.7000 | 2.7000 | 2.7000 |
| USD/BBD | 2.0000 | 2.0000 | 2.0000 | 2.0000 |
| USD/TTD | 6.64549 | 6.66567 | 6.65304 | 6.66022 |
| USD/GYD | 199.77 | 200.46 | 200.121 | 200.334 |
| USD/VEF | 428,490.0 | 428,249 | 425,659 | 423,634 |
| Dollar Index | 98.91 | 98.67 | 98.59 | 98.10 |
Category: Jamaica
Interbank Market News Scan: Foreign exchange rates of interest to Atlanta’s immigrant community as of 7:50 am EDT…
Business News
EUR/USD=1.13649
GBP/USD=1.36048
USD/CAD=1.27003
USD/INR=74.9424
USD/NGN=415.459
USD/GHS=6.44983
USD/DOP=56.2751
USD/JMD=155.493
USD/GYD=200.426
USD/TTD=6.65983
USD/XCD=2.70
USD/BTC=0.00002
USD/ETH=0.00033
Source: OANDA
Dollar Index=95.81
Source: MarketWatch
Foreign exchange rates of interest to Atlanta’s immigrant community as 6:44 am EDT …
EUR/USD=1.13684
GBP/USD=1.35643
USD/MXN=20.3469
USD/GTQ=7.52098
USD/NGN=415.318
USD/GHS=6.47201
USD/INR=74.9746
USD/XCD=2.70
USD/DOP=56.479
USD/JMD=155.725
USD/GYD=200.6
USD/BTC=0.00002
USD/ETH=0.00032
Source: OANDA
Dollar Index=95.81
Source: MarketWatch
Foreign exchange rates of interest to Atlanta’s Caribbean community as of 7:48 am EDT …
EUR/USD=1.13392
GBP/USD=1.35376
USD/CAD=1.27315
USD/TTD=6.67034
USD/JMD=155.736
USD/GYD=200.632
USD/DOP=56.6531
USD/XCD=2.70
USD/BTC=0.00002
USD/ETH=0.00033
Source: OANDA
Dollar Index=95.87
Source: MarketWatch
The US dollar weakens in Jamaica along with the pound and yuan …
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.
Biden starts transition plans: Foreign exchange rates between U.S. and select countries in East Africa, West Africa, the Caribbean, and Asia
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
CAD/USD=0.76559 USD/CAD=1.30530
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
JPY/USD=0.00967 USD/JPY=103.34
INR/USD=0.01350 USD/INR=73.8010
JMD/USD=0.00675 USD/JMD=145.128
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
Source: OANDA
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.
Source: BuildBackBetter.com
The US Dollar takes a hit against particular currencies as ballot counting winds down.
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
CAD/USD=0.75872 USD/CAD=1.31781
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
JPY/USD=0.00956 USD/JPY=104.64
INR/USD=0.01341 USD/INR=74.4410
JMD/USD=0.00679 USD/JMD=144.248
GYD/USD=0.00478 USD/GYD= 209.165
GHC/USD=0.00002 USD/GHC= 58,333.7
XCD/USD=0.37037 USD/XCD=2.70
Source: Bankrate
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
Alton Drew 