Jamaican$ value improves – Tuesday

Trading in the foreign exchange market the rate of exchange to buy the US dollar by the public, declining again on Tuesday to $126.54 as dealers sold US$43.27 million of the US dollar, compared to US$41.70 million at an average rate of $126.58 on Monday.
US currency purchases amounted to US$39.31 million on Tuesday, at an average rate of $125.59 compared to Monday, with US$43.65 million at $125.55.
Dealers’ purchased US$54.28 million, versus US$48.63 million on Monday in all currencies in Jamaica’s forex market and sold US$59.20 million compared with US$45.47 million of all currencies sold previously.
At Midday, dealers bought US$12.9 million at J$125.90 and sold US$10.5 million at J$126.62 compared to the purchase of US$9.9 million at J$125.92 and selling of US$4.3 million at J$126.74.
The selling rate for the Canadian dollar climbed to J$99.70 from J$98.88 at the close on Monday. The selling rate for the British Pound slipped to J$167.18 versus J$167.27 on Monday and the euro gained value against the Jamaican dollar, rose to J$149.72 to buy the European common currency, versus J$149.28 previously.

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