Buying of foreign exchange in the Jamaican market, market pulled back on Tuesday from the levels on Monday.
Inflows of all currencies, totaled US$41.2 million, versus US$59.92 million on Monday but sales rose slightly to US$53.64 million in contrast to US$52.98 million, previously.
At the close of the market, the selling rate of US dollar fell against the Jamaican dollar by 39 cents, with the rate dealers bought the US dollar for, costing 33 cents less than the closing rate on Monday.
In US dollar trading, dealers sold US$50.83 million at a rate of J$127.47 at the close, compared to US$51 million at a rate of J$127.86 on Monday. Purchases of the US currency by dealers, amounted to US$37.47 million at an average of $126.52 at the close, compared US$57.38 million at an average of $126.85.
At mid-day on Tuesday dealers purchased US$14.58 million at an average rate of J$127.09 and sold US$15.9 million at an average of J$127.45. At mid-day on Monday dealers purchased US$21.68 million at an average rate of J$127.10 and sold US$19.48 million at an average of J$127.75
The selling rate on Tuesday, for the Canadian dollar rose to J$97.05 from J$96.50 at the close on Monday, the selling rate for the British Pound dipped to J$175.60 from J$177.09 previously and the euro slipped against the Jamaican dollar at J$157.42 to buy the European common currency, versus the prior selling rate of J$159.72.
Jamaican$ make more gains on Tuesday
March 20, 2018 by
