Another fall in Jamaican dollar – Tuesday

The Jamaican dollar continue the recent decline in value against the United States dollar on Tuesday ending with a rise of 4 cents while the rate paid by dealers increased by 92 cents.
Inflows of all currencies, totaled US$36.98 million, versus US$31.68 million on Monday with the selling of US$32.70 million in contrast to US$29.73 million previously.
In US dollar trading, dealers sold US$30.91 million at an average of $127.15 at the close, compared to US$27.95 million at an average of $127.11 on Monday. Purchases of the US currency by dealers, amounted to US$33.64 million at an average of $125.60 at the close, compared to US$28.27 million at an average of $124.68.
At mid-day on Tuesday dealers purchased US$11.85 million at an average rate of J$125.72 and sold US$9.85 million at an average of J$126.96. On Monday at midday dealers purchased US$11.23 million at an average rate of J$125.35 and sold US$6.62 million at an average of J$127.42.
The selling rate on Tuesday, for the Canadian dollar rose to J$100.62 from J$100.20 at the close on Monday, the selling rate for the British Pound increased to J$176.40 from J$174.84 previously and the euro declined in value against the Jamaican dollar at J$156.92 to buy the European common currency, versus the prior selling rate of J$157.70.