Jamaican$ over 125 to US – Thursday

In foreign exchange trading on Thursday, the Jamaican dollar fell against the United States currency to close back above J$125. The local dollar gained against the European and Canadian currency but fell against the Pound.
At the close of trading on Thursday, the rate the public bought the US dollar climbed 23 cents Jamaican but the rate dealers bought the Green back rose by 5 cents.
Inflows of all currencies fell to US$29.86 million, from US$39.84 million on Wednesday with the selling of US$39.40 million slightly up from US$38.79 million sold on Wednesday.
In US dollar, trading dealers sold US$36.44 million at an average of $125.03 at the close, compared US$32.50 million at an average of $124.80 on Wednesday. US currency purchases by dealers, amounted to US$27.56 million, at an average rate of $123.65, compared to Wednesday, with US$33.95 million, at an average rate of $123.60.
On Thursday at midday dealers purchased US$10.57 million at an average rate of J$124.17 and sold US$10.05 million at an average of J$125.07. At mid-day on Wednesday dealers purchased US$11.47 million at an average rate of J$124.06 and sold US$6.85 million at an average of J$124.80.
The selling rate for the Canadian dollar fell to J$98.84 from J$100.22 at the close on Wednesday. The selling rate for the British Pound rose again on Thursday, to J$172.86 from J$171.17 previously. The euro declined in value against the Jamaican dollar at J$153.76 to buy the European common currency, versus the prior selling rate of J$155.12.