Jamaican$ improves to $126.75 to US$ – Thursday

The rate of exchange for to buy the US dollar by the public slipped further on Thursday to $126.75 as dealers sold US$34.63 million of the US dollar, compared to US$35.83 million at an average rate of $126.90 on Wednesday.
US currency purchases amounted to US$39.10 million on Thursday, at an average rate of $125.95 compared to Wednesday, with US$37.17 million at $126.06.
Dealers purchased US$53.58 million, versus US$47.42 million on Wednesday in all currencies in Jamaica’s forex market and sold US$47.74 million compared with US$45.70 million of all currencies sold previously.
At Midday, dealers bought US$15.6 million at J$126.32 and sold US$15.1 million at J$126.81 compared to the purchase of US$13.2 million at J$126.51 and selling of US$6.66 million at J$126.81.
The selling rate for the Canadian dollar rose to J$100.03 from J$99.65 at the close on Wednesday. The selling rate for the British Pound rose to J$166.19 versus J$166.02 on Wednesday and the euro fell in value against the Jamaican dollar, to J$146.18 to buy the European common currency, versus J$149.02 previously.