Forex: $161.22 to one US dollar

KINGSTON, Jamaica — The United States dollar demonstrated a notable uptick in its value against the Jamaican dollar on Tuesday, September 30, closing at $161.22, marking an increase of 17 cents. This development was highlighted in the Bank of Jamaica’s daily exchange trading summary, reflecting the ongoing dynamics in the foreign exchange market. Concurrently, the Canadian dollar also experienced a rise, ending the day at $116.51, up from its previous close of $116.11. Similarly, the British pound saw a significant surge, concluding the trading session at $216.87, compared to $214.99 the day before. These fluctuations underscore the volatile nature of global currency markets and their impact on local economies. The strengthening of major currencies like the US dollar, Canadian dollar, and British pound against the Jamaican dollar could have broader implications for trade, investment, and economic stability in the region.