Jamaican dollar slip again vs US$ – Monday

The Jamaican dollar continue the recent decline in value against the United States dollar on Monday ending with a rise of 9 cents while the rate paid by dealers dropped by $1.08.
Inflows of all currencies, totaled US$31.68 million, versus US$54.17 million on Friday with the selling of US$29.73 million in contrast to US$44.95 million on Friday.
In US dollar trading, dealers sold US$27.95 million at an average of $127.11 at the close, compared to US$43.56 million at an average of $127.02 on Friday. Purchases of the US currency by dealers, amounted to US$28.27 million at an average of $124.68 at the close, compared to US$51.60 million at an average of $125.77.
At mid-day on Monday dealers purchased US$11.23 million at an average rate of J$125.35 and sold US$6.62 million at an average of J$127.42. On Friday at midday dealers purchased US$26.14 million at an average rate of J$126.23 and sold US$17.86 million at an average of J$126.86.
The selling rate on Monday, for the Canadian dollar rose to J$100.20 from J$99.78 at the close on Friday, the selling rate for the British Pound fell to J$174.84 from J$177.51 previously and the euro declined in value against the Jamaican dollar at J$157.70 to buy the European common currency, versus the prior selling rate of J$158.71.

About IC Insider.com