Jamaica - DEC alternative conversion factor (LCU per US$)

DEC alternative conversion factor (LCU per US$) in Jamaica was 142.40 as of 2020. Its highest value over the past 60 years was 142.40 in 2020, while its lowest value was 0.71 in 1960.

Definition: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.

Source: International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.

See also:

Year Value
1960 0.71
1961 0.71
1962 0.71
1963 0.71
1964 0.71
1965 0.71
1966 0.71
1967 0.72
1968 0.83
1969 0.83
1970 0.83
1971 0.83
1972 0.77
1973 0.90
1974 0.91
1975 0.91
1976 0.91
1977 0.91
1978 1.41
1979 1.76
1980 1.78
1981 1.78
1982 1.78
1983 1.93
1984 3.94
1985 5.56
1986 5.48
1987 5.49
1988 5.49
1989 5.74
1990 7.18
1991 12.12
1992 22.96
1993 24.95
1994 33.09
1995 35.14
1996 37.12
1997 35.40
1998 36.55
1999 39.04
2000 42.99
2001 46.00
2002 48.42
2003 57.74
2004 61.20
2005 62.28
2006 65.74
2007 69.19
2008 72.76
2009 87.89
2010 87.20
2011 85.89
2012 88.75
2013 100.40
2014 110.93
2015 116.97
2016 125.10
2017 127.96
2018 128.87
2019 133.31
2020 142.40

Statistical Concept and Methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.

Periodicity: Annual

General Comments: In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices