The value of the Jamaican dollar gained modestly against the US dollar on Thursday with the selling rate for the US dollar ending at J$128.33 from J$128.35 previously. Dealers bought the US currency at an average of J$127.21 down from JS$127.27 on Wednesday.
Inflows into the Jamaican foreign exchange market increased slightly by US$2.5 million on Thursday compared to the same day last week, but selling by dealers rose US$8 million compared to last week. For the week to Thursday the inflows are running well behind last week’s inflows for the same period while outflows are in line.
On Wednesday, dealers purchased US$39.6 million compared to US$34.3 million bought and sold US$37.9 million, of all currencies compared to US$33.5 million sold on previously. In USA dollar trading, inflows into the system ended at US$33 million versus US$29.2 million on Wednesday, while selling amounted to US$29.6 million versus US$30.2 million on the prior trading day.
The selling rate for the Canadian dollar rose to J$103.14 from J$102.01 at the close on Wednesday, while the British Pound was more costly at the close, with J$167.83 buying the British currency versus J$166.99 on Wednesday and the euro, rose against the Jamaican dollar, with it taking J$149.06 to buy the European common currency on, versus J$147.16 previously.
Jamaican$ value inch higher
July 20, 2017 by
