In foreign exchange trading on Thursday, the Jamaican dollar remained above J$125 to the United States currency, but with an improvement in the rate even as outflows were more than inflows. Canadian dollar and the British Pound and rose against the>euro.
Inflows of all currencies totaled US$34.75 million, versus US$45.09 million on Wednesday with the selling of US$40.80 million down from US$42.65 million on Wednesday.
In US dollar, trading, dealers sold US$35.54 million at an average of $125.10 at the close, compared to US$36.10 million at an average of $125.29 on Wednesday. US currency purchases by dealers, amounted to US$30.83 million at an average of $123.83 at the close, compared US$40.56 million at an average of $124.11.
The selling rate for the Canadian dollar rose to J$105.41 from J$104.62 at the close on Wednesday. The selling rate for the British Pound climbed on Thursday, to J$178.16 from J$175.01 previously and the euro fell in value against the Jamaican dollar at J$152.48 to buy the European common currency, versus the prior selling rate of J$154.92.
Jamaican$ up against 2 down vs 2
January 25, 2018 by