Chart shows that the Jamaican dollar could go back to 120 to US dollar in 2018.
At the close of trading on Monday, the rate the public bought the US dollar climbed 10 cents Jamaican but the rate dealers bought the Green back at, fell $1.49.
The local currency fell in value against the British Pound and the euro but rose against Canadian Dollar.
Inflows of all currencies ended at US$26.63 million, versus US$61.29 million on Friday with the selling of US$33.40 million compared with US$45.40 million sold on Friday.
In US dollar, trading dealers sold US$31.63 million at an average of $124.87 at the close, compared US$37.76 million at an average of $124.77 on Friday. US currency purchases by dealers, amounted to US$23.02 million, at an average rate of $122.29 , compared to Friday, with US$46.92 million, at an average rate of $123.78.
On Monday at midday dealers purchased US$6.84 million at an average rate of J$122.38 and sold US$5.52 million at an average of J$124.83. At mid-day on Friday dealers purchased US$16.39 million at an average rate of J$124.21 and sold US$17.18 million at an average of J$124.71.
The selling rate for the Canadian dollar fell to J$98.52 from J$99.59 at the close on Friday. The selling rate for the British Pound fell to J$170.97 versus J$168.58 previously and the euro fell in value against the Jamaican dollar at J$150.98 to buy the European common currency, versus the prior selling rate of J$148.14.
