With the Jamaica’s Forex market closed for the Christmas holiday dealers’ on Wednesday, purchased US$76.84 million, versus US$46.49 million on Friday of all currencies and sold US$62.63 million compared with US$51.79 million sold on Friday.
In US dollar ,trading dealers sold US$56.68 million at an average of $125.12 at the close compared US$45.45 million at an average rate of $125.22 on Friday. US currency purchases by dealers, amounted to US$69.43 million on Wednesday, at an average rate of $123.90, compared to Friday, with US$39.05 million at $123.95.
On Wednesday at midday dealers purchased US$21.98 million at an average rate of J$124.21 and sold US$16.75 million at an average of J$125.11. At mid-day on Friday dealers purchased US$11.56 million at an average rate of J$124.12 while they sold US$11.66 million at an average of J$125.05.
The selling rate for the Canadian dollar dipped to J$98.40 from J$98.95 at the close on Friday. The selling rate for the British Pound fell to J$166.53 versus J$167.57 previously and the euro rose in value against the Jamaican dollar at J$150.38 to buy the European common currency, versus the prior selling rate of J$148.19.
Forex inflows exceed sales
December 27, 2017 by