Jamaica dollar sharp jump vs euro – Wednesday

At the close of trading on the foreign exchange on Wednesday, the euro suffered a sharp fall in value against the Jamaican dollar with a fall of $6.54 to buy the euro.
The Jamaican dollar closed trading on the foreign exchange on Wednesday with gains in all currencies except for the US dollar.
The selling rate on Wednesday for the Canadian dollar, declined to J$97.51 from J$98.23 at the close on Tuesday. The selling rate for the British Pound fell to J$174.74 from J$175.41 previously and the euro dropped against the Jamaican dollar to J$150.45 to buy the European common currency, versus the prior selling rate of J$156.99.
In US dollar trading, dealers sold US$52.90 million at a rate that rose 19 cents to J$125.20 at the close, compared to US$43.52 million at a rate of J$125.01 on Tuesday. Purchases of the US currency by dealers, amounted to US$40.29 million, with the average rate rising 6 cents to $124.01, compared to US$47.36 million at an average rate of $123.95 on Tuesday
The market closed with inflows of all currencies, ending at US$44.68 million, versus US$53.17 million on Tuesday and dealers sold US$54.35 million in contrast to US$47.97 million, in previous trading.
At mid-day on Wednesday dealers purchased US$15,61 million at an average rate of J$124.43 and sold $13.42 million at an average of J$125.24. At mid-day on Tuesday dealers purchased US$13.34 million at an average rate of J$124.45 and sold US$14.45 million at an average of J$124.62.