The Jamaican dollar recovered more value on Monday, with the rate against the US dollar that dealers sold at, falling to $129.56 from JS$129.91 on Friday and as more funds were sold than bought.
Inflows of all currencies into Jamaica’s forex market ended on Monday at US$46.95 million compared to Friday’s US$37.34 million, while dealers sold US$ 53.91 million versus US$37.23 million, previously.
US currency purchases, accounted for US$43.78 million of the total inflows, at an average of J$128.48 versus J$128.49 for US$28.65 million on Friday, while dealers sold US$52.12 million compared to US$30.35 million previously.
The selling rate for the Canadian dollar dropped to J$102.48 from J$105.10 at the close on Friday. The British Pound dropped to J$171.50 for buying the British currency versus J$173.88 previously and the euro declined in value against the Jamaican dollar, with it taking J$151.84 to buy the European common currency, versus J$152.45, previously.
JS$ gains more ground on Monday
October 2, 2017 by