Exchange Rate (market+estimated) for Jamaica
XRNCUSJMA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.31
Year-over-Year Change
92.67%
Date Range
1/1/1953 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Jamaica tracks the value of the Jamaican dollar relative to the U.S. dollar. This metric is critical for economists and policymakers to monitor the country's international trade competitiveness and financial stability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the exchange rate between the Jamaican dollar and the U.S. dollar, combining both market-based and estimated rates. It provides a comprehensive view of the Jamaica-U.S. exchange dynamic, which is crucial for assessing the country's economic performance and trade position.
Methodology
The data is collected from a combination of market observations and estimations by economic analysts.
Historical Context
Policymakers and market participants closely monitor this exchange rate to gauge Jamaica's macroeconomic health and international competitiveness.
Key Facts
- The Jamaican dollar has depreciated over 60% against the U.S. dollar since 2010.
- Jamaica's exchange rate is a key factor in its tourism and export-driven economy.
- Fluctuations in the exchange rate impact inflation, consumer prices, and cost of living in Jamaica.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Jamaica tracks the value of the Jamaican dollar relative to the U.S. dollar, combining both market-based and estimated exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is crucial for economists and policymakers to monitor Jamaica's international trade competitiveness, financial stability, and macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected from a combination of market observations and estimations by economic analysts.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this exchange rate to gauge Jamaica's macroeconomic health and international competitiveness, which informs trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the data source.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Jamaica (XRNCUSJMA618NRUG), retrieved from FRED.