Sliding Dollar, Sliding Economy??

Hard times for Entrepreneurs, with the US Dollar reaching an all time high of J$126 to US$1 Jamaica entrepreneurs and business persons are feeling the burn. The floating exchange rate as we know is set to freely float based on the supply and demand of the currency.
As the dollar slides Jamaica entrepreneurs those especially in the export/import industry or even those just doing business online are feeling the pinch this is the alarming graph which basically describes our position over the pass five years.

Jamaica currency Decline over the past 5 years

There must be some advantage to this drastic system, a few examples of the Floating exchange rate are;

Advantages of floating exchange rates

• Protection from external shocks - if the exchange rate is free to float, then it can change in response to external shocks like oil price rises. This should reduce the negative impact of any external shocks.
• Lack of policy constraints - the government are free with a floating exchange rate system to pursue the policies they feel are appropriate for the domestic economy without worrying about them conflicting with their external policy.
• Correction of balance of payments deficits - a floating exchange rate can depreciate to compensate for a balance of payments deficit. This will help restore the competitiveness of exports. There is a link to Figure 1 below which illustrates the operation of the automatic adjustment mechanism under a floating exchange rate system.

As an entrepreneur living under this system, I must say I am worried this is deeply affecting my business and many others, this has cut many profits whilst still raising the prices. 

These are some of the views of local citizen that were posted on different sites about the topic

"Our dollar in quicksand. Is there a plan?"

"Come on Minister Audley Shaw, step on the brakes and halt the slide, as you promised you would do."