Up to the end of foreign exchange trading on Monday, Jamaica enjoyed a surplus of US$157 million for January. On Monday the central bank reported net inflows US$3.9 million with the selling rates for the main currencies for the Jamaican dollar gaining but for the euro.
At the close of the market, dealers bought the equivalent of US$39,284,459 of all currencies and sold just US$35,398,981, compared to US$50,312,663 purchased and US$32,969,840 sold on Friday.
In US dollar trading, dealers bought US$35,900,623 compared to US$47,964,301 on Friday. The buying rate for the US dollar fell 33 cents to close at $127.52. A total of US$33,452,927 was sold versus US$32,074,678 on Friday, with the selling rate falling by a much smaller level than for purchases with 
a fall of 7 cents to $128.35. The Canadian dollar buying rate fell 87 cents to $93.98, with dealers buying C$1,471,931 and selling C$964,733 at an average rate that lost 15 cents to end at $97.75. The average rate for buying the British Pound fell 31 cents to $158.02 for the purchase of £1,694,767 while £852,079 was sold with a decline of 60 cents, to end at $159.90.
At the end of trading on Monday, dealers sold €124,122, with the selling rate for the Euro, closing with a gain of 6 cents to $136.91, according to data from Bank of Jamaica. Dealers purchased €173,210 of the European common currency at $136.85 after rising $2.47. The US dollar equivalent 
of other currencies traded, amounts to US$21,471 being bought and selling of US$17,304.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a drop in the lowest selling rate of the US dollar by $1.35 to $121.65. The highest buying rate for the British Pound fell $2.62 to $161.20 while the lowest selling rate rose $3 to $155. The highest selling rate for the Euro rose $6.70 to $146.30 and the lowest selling rate rose $2 to $132.
Jamaican dollar gains value
January 30, 2017 by
