Jamaica$ jumps over $126 to US$ – Thursday

The Jamaican dollar continue the recent decline in value against the United States dollar on Thursday, with the rate jumping 39 cents from Wednesday’s closing selling rate, to close at $126.28 while the buying rate inched up by 19 cents above Wednesday’s rate. US dollar trading, dealers sold US$31.17 million at an average of $126.28 at the close, compared to US$28.65 million at an average of $125.89 on Wednesday. Purchases of the US currency by dealers, amounted to US$25.34 million at an average of $124.48 at the close, compared to US$27.93 million at an average of $124.29.
At mid-day on Thursday dealers purchased US$10.22 million at an average rate of J$125.01 and sold US$9.14 million at an average of J$126.18. On Wednesday at midday dealers purchased US$11.51 million at an average rate of J$124.81 and sold US$7.91 million at an average of J$125.90.
The selling rate on Thursday, for the Canadian dollar fell to J$98.84 from J$99.49 at the close on Wednesday, the selling rate for the British Pound climbed to J$175.55 from J$175.33 previously and the euro rose in value against the Jamaican dollar at J$157.15 to buy the European common currency, versus the prior selling rate of J$156.25.