Jamaican$ stable close to 125 to US$1

The rate for exchanging the Jamaican dollar against the US dollar, declined a bit more in foreign currency trading on Tuesday, with total inflows of all foreign currencies evenly matched outflows.
The public bought the US dollar at $125.47 with dealers selling US$47.50 million in US currency, compared US$44.94 million at an average rate of $125.48 on Monday. US currency purchases by dealers, amounted to US$49.13 million on Tuesday, at an average rate of $124.45, compared to Monday, with US$53.17 million at $124.27.
On Tuesday at midday dealers purchased US$24.68 million at an average rate of J$125.07 and sold US$11.56 million at an average of J$125.38. At mid-day on Monday dealers purchased US$22.86 million at an average rate of J$124.85while they sold US$13.55 million at an average of J$125.29.
Dealers’ purchased US$56.52 million, versus US$60.12 million on Monday in all currencies in Jamaica’s Forex market and sold US$55.93 million compared with US$48.49 million sold, previously.
The selling rate for the Canadian dollar declined to J$97.49 from J$97.53 at the close on Monday. The selling rate for the British Pound jumped to J$167.37 versus J$166.83 previously and the euro rose in value against the Jamaican dollar at J$150.39 to buy the European common currency, versus the prior selling rate of J$148.46.