The rate of exchange to buy the US dollar by the public rose on Thursday to $126.62 as dealers sold US$32.99 million of the US dollar, compared to US$47.67 million at an average rate of $126.74 on Wednesday.
US currency purchases amounted to US$32.30 million on Thursday, at an average rate of $125.76 compared to Wednesday with US$44.36 million at $125.89.
Dealers’ purchased US$47.89 million, versus US$55.58 million on Wednesday in all currencies in Jamaica’s forex market and sold US$46.03 million compared with US$58.02 million of all currencies sold previously.
The selling rate for the Canadian dollar declined to J$99.72 from J$99.90 at the close on Wednesday. The selling rate for the British Pound fell to J$165.67 versus J$167.18 on Wednesday and the euro surged in value against the Jamaican dollar, to J$148.78 to buy the European common currency, versus J$150.01 previously.
Jamaican$ gains – Thursday
November 16, 2017 by