The selling rate of US dollar rose against the Jamaican dollar 22 cents on Wednesday, with the rate dealers bought US dollar for 4 cents less than the closing rate at the close of the previous day as supplies fell below demand.
On Wednesday, Inflows of all currencies, totaled US$53.61 million, versus US$29.01 million on Tuesday with the selling of US$47.22 million in contrast to US$36 million previously.
In US dollar trading, dealers sold US$45.20 million at an average of $128.15 at the close, compared to US$32.02 million at an average of $127.93 on Tuesday. Purchases of the US currency by dealers, amounted to US$46.63 million at an average of $126.14 at the close, compared US$26.75 million at an average of $126.19.
The selling rate on Wednesday, for the Canadian dollar dipped to J$101.52 from J$102.20 at the close on Tuesday, the selling rate for the British Pound rose to J$177.28 from J$176.87 previously and the euro fell value against the Jamaican dollar at J$156.24 to buy the European common currency, versus the prior selling rate of J$156.85.
Jamaican$ trades mixed on Wednesday
February 28, 2018 by
