Jamaican$ made modest gain – Monday

The Jamaican dollar made more gains in foreign exchange trading on Monday against the US dollar, with the selling rate falling by 7 cents and the buying rate rising by 22 cents.
The market closed with inflows of all currencies, ending at US$60.68 million, versus US$49.55 million on Friday and dealers sold US$59.71 million in contrast to US$49.70 million, in previous trading.
In US dollar trading, dealers sold US$51.22 million at a rate of J$125.33 at the close, compared to US$40.11 million at a rate of J$125.40 on Friday. Purchases of the US currency by dealers, amounted to US$50.66 million at an average rate of $124.30, compared to US$37.09 million at an average rate of $124.08 on Friday.
At mid-day on Monday dealers purchased US$28.59 million at an average rate of J$124.70 and sold US$15.95 million at an average of J$125.15. At mid-day on Friday dealers purchased US$13.8 million at an average rate of J$124.61 and sold US$12.75 million at an average of J$125.43.
The selling rate on Monday, for the Canadian dollar, rose to J$98.63 from J$98.33 at the close on Friday. The selling rate for the British Pound fell to J$174.87 from J$176.53 previously and the euroslipped against the Jamaican dollar to J$154.26 to buy the European common currency, versus the prior selling rate of J$155.54.