The Jamaican dollar continue the recent decline in value against the United States dollar on Tuesday, with the rate rising 17 cents from Monday’s closing selling rate, to close at $126.55 while the buying rate rose 5 cents above Monday’s rate.
Inflows of all currencies, totaled US$39.08 million, versus US$46.97 million on Monday with the selling of US$41.74 million in contrast to US$42.89 million on Monday.
In US dollar trading, dealers sold US$40.65 million at an average of $126.72 at the close, compared to US$41.23 million at an average of $126.55 on Monday. Purchases of the US currency by dealers, amounted to US$36.71 million at an average of $125.12 at the close, compared to US$44.35 million at an average of $125.07.
At mid-day on Tuesday dealers purchased US$17.30 million at an average rate of J$125.58 and sold US$14.45 million at an average of J$126.60.
The selling rate on Tuesday, for the Canadian dollar rose to J$98.62 from J$98.34 at the close on Monday, the selling rate for the British Pound rose to J$174.65 from J$174.58 previously and the euro rose in value against the Jamaican dollar at J$156.53 to buy the European common currency, versus the prior selling rate of J$156.45.
Jamaica dollar losses value against all – Tuesday
February 13, 2018 by
