Trading in the Jamaican foreign exchange market rose on Monday over Friday’s levels, resulting in US$57.88 of purchases by dealers of all currencies and outflows of US$34.37 million.
In contrast, purchases by dealers on Friday amounted to the equivalent of US$32.08 million while dealers sold US$33.58 million.
In USA dollar trading, inflows ended at US$50.25 million versus US$28.73 million on Friday with outflows of US$29.08 million compared to US$31.87 million.
At the end of trading, the US dollar was sold at an average rate of J$129.93 from J$130.11 previously while dealers bought the US currency at an average of J$128.88 versus J$128.35 on Friday.
The selling rate for the Canadian dollar climbed to J$107.10 from J$106.95 at the close on Friday while the British Pound was more costly, with J$169.58 buying the British currency versus J$168.87 and the euro, gained value against the Jamaican dollar, with it taking J$159.25 to buy the European common currency, versus J$157.26 previously.
Forex trading climbs on Monday
September 11, 2017 by
