The Jamaican dollar rose in value in the foreign exchange trading on Wednesday, with the rate of exchange to buy the US dollar by the public, declining to $126.52 as dealers sold US$39.17 million of the US dollar, compared to US$43.27 million at an average rate of $126.54 on Tuesday.
US currency purchases amounted to US$39.23 million on Wednesday, at an average rate of $125.58 compared to Tuesday, with US$39.31 million at $125.59.
Dealers’ purchased US$51.30 million, versus US$54.28 million on Tuesday in all currencies in Jamaica’s forex market and sold US$50.64 million compared with US$59.20 million of all currencies sold previously.
At Midday, dealers bought US$18 million at J$126.07 and sold US$10.9 million at J$126.44 compared to the purchase of US$12.9 million at US$10.5 million at J$126.62.
The selling rate for the Canadian dollar slipped to J$99.63 from J$99.70 at the close on Tuesday. The selling rate for the British Pound edged to J$167.19 versus J$167.18 on Tuesday and the euro lost value against the Jamaican dollar, rose to J$149.50 to buy the European common currency, versus J$149.72 previously.
Jamaican$ fairly stable on Wednesday
November 22, 2017 by
