How the Jamaican Dollar Has Devalued Over Time

Below is a table summarizing how the Jamaican dollar has continued to lose value between the years 1969 to 2018.

The data shows the average annual exchange rate which is calculated as a simple average from end of month rates.

You will notice huge leaps in devaluation between some years and years with minimal changes in the value of the dollar.

It is remarkable how quickly the dollar has weakened in a relatively short time frame.

YEAR USD VS JMD
1969
US$1.00
=
J$1.20
1969
US$1.00
=
J$1.20
1970
US$1.00
=
J$1.20
1971
US$1.00
=
J$1.20
1972
US$1.00
=
J$0.77
1973
US$1.00
=
J$0.90
1974
US$1.00
=
J$0.91
1975
US$1.00
=
J$0.91
1976
US$1.00
=
J$0.91
1977
US$1.00
=
J$0.91
1978
US$1.00
=
J$1.41
1979
US$1.00
=
J$1.76
1980
US$1.00
=
J$1.78
1981
US$1.00
=
J$1.78
1982
US$1.00
=
J$1.78
1983
US$1.00
=
J$1.92
1984
US$1.00
=
J$3.94
1985
US$1.00
=
J$5.58
1986
US$1.00
=
J$5.50
1987
US$1.00
=
J$5.51
1988
US$1.00
=
J$5.51
1989
US$1.00
=
J$5.77
1990
US$1.00
=
J$7.24
1991
US$1.00
=
J$12.22
1992
US$1.00
=
J$22.63
1993
US$1.00
=
J$24.92
1994
US$1.00
=
J$33.29
1995
US$1.00
=
J$35.34
1996
US$1.00
=
J$37.26
1997
US$1.00
=
J$35.45
1998
US$1.00
=
J$36.64
1999
US$1.00
=
J$39.30
2000
US$1.00
=
J$43.39
2001
US$1.00
=
J$46.13
2002
US$1.00
=
J$48.56
2003
US$1.00
=
J$57.52
2004
US$1.00
=
J$61.34
2005
US$1.00
=
J$62.59
2006
US$1.00
=
J$65.90
2007
US$1.00
=
J$69.04
2008
US$1.00
=
J$72.91
2009
US$1.00
=
J$88.28
2010
US$1.00
=
J$87.33
2011
US$1.00
=
J$86.08
2012
US$1.00
=
J$88.80
2013
US$1.00
=
J$100.89
2014
US$1.00
=
J$111.30
2015
US$1.00
=
J$117.31
2016
US$1.00
=
J$125.14
2017
US$1.00
=
J$128.36
2018
US$1.00
=
J$129.72

Source: Bank of Jamaica

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52 thoughts on “How the Jamaican Dollar Has Devalued Over Time

  • Pingback:The Jamaican Dollar has lost over 12% of its value in one year!

  • September 14, 2015 at 5:48 AM
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    People in Jamaica do not value there country or else they would implement term limits which would lead to new ideas. Any politician that is currently serving and as been serving since the 80s are career politicians, they would continue until there death, and Jamaicans accept such insufficient governance. SO SAAAAAAAADDDDDDD

    Reply
  • September 14, 2015 at 5:25 PM
    Permalink

    People in Jamaica do not value there country or else they would implement term limits which would lead to new ideas. Any politician that is currently serving and as been serving since the 80s are career politicians, they would continue until there death, and Jamaicans accept such insufficient governance. SO SAAAAAAAADDDDDDD

    Reply

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