Explore the historical exchange rates between the Jamaican Dollar (JMD) and the US Dollar (USD) throughout 2024. Below is a comprehensive summary of monthly trends, highest and lowest rates, and key insights into currency fluctuations.
Key Highlights of JMD to USD in 2024
| Metric | Value |
|---|---|
| Highest Rate | 0.006540 USD (April 3, 2024) |
| Average Rate | 0.006396 USD |
| Lowest Rate | 0.006272 USD (November 22, 2024) |
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Monthly Exchange Rate Trends
January 2024
- Highest: 0.006486 USD (January 3)
- Lowest: 0.006419 USD (January 25–26)
- Average: 0.006450 USD
February 2024
- Highest: 0.006440 USD (February 1)
- Lowest: 0.006372 USD (February 15)
- Average: 0.006398 USD
March 2024
- Highest: 0.006513 USD (March 26)
- Lowest: 0.006414 USD (March 1)
- Average: 0.006467 USD
April 2024
- Peak: 0.006540 USD (April 3)
- Trough: 0.006399 USD (April 29)
- Average: 0.006450 USD
May–December 2024
Detailed monthly breakdowns follow the same structure, with tables for each month’s rates.
FAQs
How much has the JMD depreciated against the USD in 2024?
The JMD depreciated by -0.83% against the USD in 2024, reflecting a decline in value.
What factors influenced JMD/USD fluctuations?
- Economic policies: Central bank interventions and interest rate changes.
- Global market trends: Commodity prices (e.g., bauxite exports).
- Tourism revenue: Seasonal demand for USD in Jamaica’s tourism sector.
👉 Compare historical currency charts
Which month had the most stable exchange rate?
July 2024 saw minimal volatility, with rates hovering near 0.006394 USD on average.
Where can I find real-time JMD/USD data?
Reliable sources include financial platforms and central bank publications.
Conclusion
The JMD/USD exchange rate in 2024 displayed moderate volatility, with the most significant peak in April. Understanding these trends helps businesses, travelers, and investors make informed decisions.
For ongoing updates, bookmark trusted currency tools and monitor macroeconomic indicators.