Inflows of all currencies into Jamaica’s forex market fell back to more normal levels on Thursday with US$30.75 million bought by dealers, down from Wednesdays’ sharp jump to US$91.14 million, while dealers sold only US$26.40 million versus US$45.67 million.
US currency purchases accounted for US$28.22 million at an average of J$129.82 versus J$130.80 for US$88.93 million on Wednesday, while dealers sold US$24.62 million at JS$131 compared to J$131.18 for US$44.44 million previously.
The selling rate for the Canadian dollar rose to J$107.09 from J$106.75, at the close on Wednesday while the British Pound was marginally less costly, with J$177.81 buying the British currency versus J$177.82 previously and the euro, gained value against the Jamaican dollar, with it taking J$158.92 to buy the European common currency, versus J$157.62 previously.
Forex demand cools – Thursday
September 21, 2017 by