The Jamaican dollar made modest gains In the foreign exchange trading on Friday to close 3 cents better to purchase one US dollar than on Thursday on a day that saw C$76,397,101 being sold (US$60,805,327 equivalent) at J$101.70 versus J$102.76 on Thursday.
Dealers sold US$39.51 million at $127.78 at the close of trading up from US$33.81 million at $127.81 on Thursday. US currency purchases, amounted to just US$31.08 million on Friday, at an average rate of $126.73 compared to Thursday, with US$48.97 million at $127.99.
At Midday, dealers bought US$13,372,228 at J$127.31 and sold US$11,367,821 at J$127.74 compared to the selling rate of J$127.77 at midday on Thursday.
Inflows of all currencies into Jamaica’s forex market fell to US$44.14million, from US$58.03 million on Thursday while dealers sold US$101.2 million versus US$40.33 million, previously.
The selling rate for the British Pound rose to J$168.55 versus J$167.64 on Thursday and the euro rose in value against the Jamaican dollar, to J$152.45 to buy the European common currency, versus J$151.94 previously.
Dealers sold C$76m on Friday
October 20, 2017 by IC Insider.com
Filed Under: Feature Stories, FX Market Tagged With: Bank Of Jamaica, BOJ, British Pound, Canadian dollar, Daily trading activity, Emerging market, euro, euro v J$, FX trading, jamaican dollar, US Dollar
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