At the close of trading, the Jamaica dollar rose 19 cents value on Monday for the average rate for the public to buy the US dollar. The local currency also fell in value against the euro but rose against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$42.49 million, versus US$35.38 million on Friday with selling of US$40.81 million compared with US$32.88 million sold on Friday.
In US dollar, trading dealers sold US$37.36 million at an average of $124.55 at the close, compared US$30.04 million at an average of $124.74 on Friday. US currency purchases by dealers, amounted to US$37.34 million, at an average rate of $123.08, compared to Friday, with US$31.20 million, at an average rate of $123.25.
On Monday at midday dealers purchased US$18.49 million at an average rate of J$123.86 and sold US$16.09 million at an average of J$124.60. At mid-day on Friday dealers purchased US$15.16 million at an average rate of J$124.09 while they sold US$10.26 million at an average of J$124.75.
The selling rate for the Canadian dollar fell to J$98.01 from J$100.06 at the close on Friday. The selling rate for the British Pound rose to J$166.70 versus J$167.37 previously and the euro gained value against the Jamaican dollar at J$152.85 to buy the European common currency, versus the prior selling rate of J$150.82.
Jamaican$ value up vs US$ again
January 8, 2018 by
