J$ rate stable for Wednesday

Bank of Jamaica offered US$15 million for sale today in the B-fxitt weekly auction and will auction a similar amount on Wednesday, 29 August.
US$10 million each are scheduled for auction on September 5 and 12. The country’s central bank sold US$10 million on August 15, at an average rate of $136.66 with just 14 of the 41 bids amounting to US$26.85 million, were successful.
At midday on Wednesday, dealers bought US$14.40 million at an average of J$136.6342 and sold US$9.75 million at an average of J$137.2364. At the close of trading on Wednesday dealers bought US$46.15 million at an average rate of $136.41 and sold US$35.57 million at $137.48.
Wednesday’s rates come against the background of dealers buying US$37.7 million on Tuesday at an average of J$135.57 from the public and selling US$37.7 million at an average rate of J$137.47.
On Monday, buying by dealers was US$47.3 million at 135.5055 and selling, US$49.3 million at an average of J$137.4537.