At the close of trading on Tuesday, the rate the public bought the US dollar rose by 21 cents Jamaican. The rate dealers bought the Green back also rose with an increase of 57 cents.
The local currency also fell in value against the Canadian Dollar and the British Pound but rose in value against the euro.
Inflows of all currencies ended at US$45.11 million, versus US$42.49 million on Monday with selling of US$43.96 million compared with US$40.81 million sold on Monday.
In US dollar, trading dealers sold US$39.47 million at an average of $124.76 at the close, compared US$37.36 million at an average of $124.55 on Monday. US currency purchases by dealers, amounted to US$40.91 million, at an average rate of $123.65, compared to Monday, with US$37.34 million, at an average rate of $123.08.
On Tuesday at midday dealers purchased US$14.72 million at an average rate of J$123.94 and sold US$13.55 million at an average of J$124.75. At mid-day on Monday dealers purchased US$18.49 million at an average rate of J$123.86 and sold US$16.09 million at an average of J$124.60.
The selling rate for the Canadian dollar rose to J$100.21 from J$98.01 at the close on Monday. The selling rate for the British Pound rose to J$166.92 versus J$166.70 previously and the euro fell in value against the Jamaican dollar at J$151.45 to buy the European common currency, versus the prior selling rate of J$152.85.
Jamaican$ lost ground vs US$
January 9, 2018 by
