Jamaican$ value improves again – Wednesday

On Wednesday, the rate of exchange to buy the US dollar by the public, fell to $126.20 as dealers sold US$41.03 million in US dollars, compared to US$43.18 million at an average rate of $126.30 on Tuesday.
US currency purchases amounted to US$43.27 million on Wednesday, at an average rate of $125.29, compared to Tuesday, with US$36.45 million at $125.20.
Dealers’ purchased US$53.74 million, versus US$41.92 million on Tuesday in all currencies in Jamaica’s Forex market and sold US$44.63 million compared with US$48.22 million sold, previously.
At Midday, dealers bought just US$13.57 million at J$125.72 and sold US$7.37 million at J$126.16 compared to the purchase of US$12.76 million at J$125.57 and selling of US$10.07 million at J$126.25 on Tuesday
The selling rate for the Canadian dollar fell to J$98.39 from J$99.30 at the close on Tuesday. The selling rate for the British Pound jumped to J$169.34 versus J$168.12 previously and the euro lost value against the Jamaican dollar, declined to J$146.91 to buy the European common currency, versus prior selling rate of J$151.75.