Euro up sharply vs Jamaican$ – Wednesday

The euro jumped sharply in value against the Jamaican dollar on Wednesday to end at J$155.12 to buy the European common currency, up from J$151.76 on Tuesday.
At the close of trading on Wednesday, the rate the public bought the US dollar fell 16 cents Jamaican but the rate dealers bought the Green back jumped by 37 cents.
Inflows of all currencies climbed to US$39.84 million, from US$29.27 million on Tuesday with the selling of US$38.79 million slightly up from US$37.14 million sold on Tuesday.
In US dollar, trading dealers sold US$32.50 million at an average of $124.80 at the close, compared US$36.03 million at an average of $124.96 on Tuesday. US currency purchases by dealers, amounted to US$33.95 million, at an average rate of $123.60, compared to Tuesday, with US$26.30 million, at an average rate of $123.33.
On Wednesday at midday dealers purchased US$11.47 million at an average rate of J$124.06 and sold US$6.85 million at an average of J$124.80. At mid-day on Tuesday dealers purchased US$12.54 million at an average rate of J$122.87 and sold US$11.89 million at an average of J$124.91.
The selling rate for the Canadian dollar climbed to J$100.22 from J$99.94 at the close on Tuesday and the selling rate for the British Pound rose to J$171.17 from J$169.28 previously.

 

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