US Dollar Declines Against Jamaican Dollar: Exchange Rate Update

As of March 12, 2025, the US dollar stands at 157.61 Jamaican dollars, down by eleven cents. The Canadian dollar rose to 109.91, while the British pound fell to 202.18. Key topics also include the “Blood Moon” event and ongoing monitoring of avian influenza in the Cayman Islands.

On March 12, 2025, the US dollar closed at 157.61 Jamaican dollars, experiencing a decrease of eleven cents, as reported by the Bank of Jamaica’s daily exchange trading summary. The Canadian dollar ended trading at 109.91 Jamaican dollars, which is an increase from the previous value of 109.67, while the British pound saw a decline, finishing at 202.18 Jamaican dollars, down from 205.52.

In related news, there is a significant focus on a “Blood Moon” event, which will result in a total lunar eclipse visible in various regions, offering a unique celestial spectacle. Additionally, the Cayman Islands Department of Agriculture remains proactive in monitoring the status of avian influenza in the region.

On a different note, a verdict was reached regarding businessman Carl Ranglin, who was found not guilty of violating the Proceeds of Crime Act. Meanwhile, Prime Minister Andrew Holness and the Jamaica Labour Party face criticism from the Opposition for their claims regarding the management of the Jamaican economy.

Furthermore, there is a call for micro, small, and medium-sized enterprises (MSMEs) in Jamaica to capitalize on opportunities presented by the government’s multibillion-dollar procurement processes, as the financial landscape continues to shift.

The current status of the Jamaican dollar’s exchange rates reflects a slight decline in the US dollar, alongside fluctuations in the Canadian dollar and the British pound. Critical issues such as avian influenza monitoring and significant political developments underscore broader national concerns. Furthermore, the encouragement for MSMEs to engage with government contracts highlights an ongoing focus on economic revitalization.

Original Source: www.jamaicaobserver.com