The "better" the rate is for us travelers, the more expensive it makes things for Jamaicans. When I first visited Negril the rate was 50 to 1.
The "better" the rate is for us travelers, the more expensive it makes things for Jamaicans. When I first visited Negril the rate was 50 to 1.
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Well, not exactly Ras Walleye.Originally Posted by Ras Walleye
When the Jamaican Dollar is worth less, the tourists who pay in Jamaican Dollars just pay more. An example is like a meal that was once $10.00 US and a Jamaican Equivalent of $500.00 (using your 50 to 1 rate) is now probably $900.00 or $1000.00 Jamaican. Yes, you can afford it as it still costs you $10.00 but now many Jamaicans can't afford to eat there.
The only thing positive about the new exchange rate makes it easier for tourists so when they see a Jamaican price of $1000.00 they can quickly see it is almost $10.00 US.
BTW, when I first went to Jamaica they money was worth MORE than the US money. Boy, how times have changed.
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