The rate of exchange to buy the US dollar by the public fell on Monday to $126.64 as dealers sold US$36.75 million of the US dollar, compared to US$38.30 million at an average rate of $126.83 on Friday.
US currency purchases amounted to US$48.04 million on Friday, at an average rate of $125.77 compared to Friday with US$31.29 million at $125.65.
Dealers purchased US$53.77 million, versus US$39.92 million on Monday in all currencies in Jamaica’s forex market and sold US$41.69 million compared with US$45.92 million of all currencies sold previously.
The selling rate for the Canadian dollar inched up to J$100.21 from J$100.20 at the close on Friday. The selling rate for the British Pound slipped to J$166.02 versus J$166.14 on Friday and the euro decline in value against the Jamaican dollar, to J$147.662 to buy the European common currency, versus J$148.62 previously.
Jamaican$ value rises – Monday
November 13, 2017 by
