Jamaican$ slips in value – Wednesday

Trading in the Jamaican foreign exchange market by dealers on Wednesday resulted in the value of the Jamaican dollar falling modestly in value against the US dollar.
At the close of trading on Wednesday, the selling rate ending at J$128.73 from J$128.54 previously. Dealers bought the US currency at an average of J$127.59, versus J$127.12 on Tuesday. Trading ended with inflows of US$39.57 million compared to US$35.07 million on Tuesday with Bank of Jamaica is entitled to approximately 25 percent of the inflows or around $10 of the intake. Outflows amounted to US$29.29 million compared to US$27.21 million of all currencies previously.
In USA dollar trading, inflows ended at US$36.43 million versus US$31.40 million on Tuesday with outflows of US$26.43 million compared to US$25.35 million.
The selling rate for the Canadian dollar rose to J$102.92 from J$102.23 at the close on Tuesday while the British Pound was less costly, with J$165.58 buying the British currency versus J$165.79 and the euro, increased in value against the Jamaican dollar, with it taking J$153.52 to buy the European common currency, versus J$152.54 previously.