Jamaican dollar nears 127 to the US$ – Thursday

The Jamaican dollar continue the recent decline in value against the United States dollar on Thursday and is now a shade away from J$127 to the US dollar.
The rate for buying the US dollar by Jamaicans rose 8 cents from Tuesday’s closing selling rate, while the buying rate rose 7 cents above Tuesday’s rate.
Inflows of all currencies, totaled US$44.56 million, versus US$39.08 million on Tuesday with the selling of US$37.54 million in contrast to US$41.74 million on Tuesday.
In US dollar trading, dealers sold US$33.52 million at an average of $126.80 at the close, compared to US$40.65 million at an average of $126.72 on Tuesday. Purchases of the US currency by dealers, amounted to US$38.30 million at an average of $125.19 at the close, compared to US$36.71 million at an average of $125.12.
At mid-day on Thursday dealers purchased US$11.01 million at an average rate of J$125.66 and sold US$7.28 million at an average of J$126.71. On Tuesday at midday 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 Thursday, for the Canadian dollar rose to J$99.73 from J$98.62 at the close on Tuesday, the selling rate for the British Pound rose to J$176.41 from J$174.65 previously and the euro rose in value against the Jamaican dollar at J$157.74 to buy the European common currency, versus the prior selling rate of J$156.53.
Emerging Market,Canadian dollar,US dollar, British Pound, Jamaican dollar, BOJ, Bank of Jamaica, FX trading, euro, euro v J$, Daily trading activity

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