The Jamaican dollar made gains on Thursday in Jamaican forex market as dealers sold US$39.07 million at an average rate of J$129.34 versus J$129.45 for US$56.74 million previously.
US currency purchases, accounted for US$33.93 million at an average rate of JS$128.35 compared in total inflows US$38.54 million on Wednesday, at an average rate of J$128.55.
Inflows of all currencies into Jamaica’s forex market ended at US$41.15 million compared to US$44.76 million on Wednesday, while dealers sold US$46.03 million, well down on the US$62.53 million, previously.
The selling rate for the Canadian dollar slipped to J$104.11 from J$104.14 at the close on Wednesday. The British Pound declined to J$171.45 for buying the British currency versus J$172.35 previously and the euro lost value against the Jamaican dollar, with it taking J$153.03 to buy the European common currency, versus J$154.41, previously.
J$ revaluation continues – Thursday
October 5, 2017 by