The selling rate of US dollar declined against the Jamaican dollar by 16 cents on Thursday, with the rate dealers bought US dollar for 17 cents more than the closing rate at the close of the previous trading day.
On Thursday, Inflows of all currencies, totaled US$27.16 million, versus US$53.61 million on Wednesday with the selling of US$35.35 million in contrast to US$47.22 million previously.
In US dollar trading, dealers sold US$34.2 at J$127.99 at the close, compared to US$45.20 million at an average of J$128.15 on Wednesday. Purchases of the US currency by dealers, amounted to US$25.25 million at an average of $126.31 at the close, compared US$46.63 million at an average of J$126.14.
The selling rate on Thursday, for the Canadian dollar dipped to J$99.41 from J$101.52 at the close on Wednesday, the selling rate for the British Pound declined to J$175.27 from J$177.28 previously and the euro fell in value against the Jamaican dollar at J$154.30 to buy the European common currency, versus the prior selling rate of J$156.24.
Jamaican$ gains value on Thursday
March 1, 2018 by
