Jamaica dollar gains vs US$ – Tuesday

The Jamaican dollar made gains against the United States currency declining 8 cents from Monday’s closing selling rate, in foreign exchange trading on Tuesday, but the buying rate inched higher by 20 cents above Monday’s rate. US dollar trading, dealers sold US$37.10 million at an average of $125.70 at the close, compared to US$43.03 million at an average of $125.78 on Monday. US currency purchases by dealers, amounted to US$34.02 million at an average of $124.46 at the close, compared to US$43.49 million at an average of $124.26.
At mid-day on Tuesday dealers purchased US$14.29 million at an average rate of J$124.84 and sold US$11.22 million at an average of J$125.32. On Monday at midday dealers purchased US$23.32 million at an average rate of J$124.69 and sold US$22.18 million at an average of J$125.82.
The selling rate on Tuesday, for the Canadian dollar fell to J$99.60 from J$100.76 at the close on Monday, the selling rate for the British Pound dropped to J$174.13 from J$174.75 previously and the euro slipped in value against the Jamaican dollar at J$156.06 to buy the European common currency, versus the prior selling rate of J$157.06.

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