Jamaican$ up in value on – Monday

Trading in the foreign market on Monday resulted in a modest rise in the value of the Jamaican dollar against the US dollar as US$41.28 million of the US dollar was sold by dealers at an average rate of $127.03 to the US dollar, compared to US$42.5 million at an average rate of $127.11 on Friday.
US currency purchases amounted to US$48.09 million on Monday, at an average rate of $126.02 compared to Friday, with US$44.48 million at $126.29.
Dealers purchased US$63.31 million, versus US$57.4 million on Friday in all currencies in Jamaica’s forex market and sold US$48.01 million compared with US$73.4 million of all currencies sold previously.
At Midday, dealers bought US$24.1 million at J$126.52 and sold US$15.6 million at J$127 compared to the purchase of US$14.4 million at J$126.66 and selling of US$17.1 million at J$127.12.
The selling rate for the Canadian dollar climbed to J$99.65 from J$99.92 at the close on Friday. The selling rate for the British Pound dropped to J$165.27 versus J$165.27 on Friday and the euro lost value against the Jamaican dollar, to J$146.98 to buy the European common currency, versus J$147 previously.