The Jamaican dollar made further gains in recovering lost value on Friday, with the rate against the US dollar that dealers sold at, falling to $129.91 from JS$129.99 on Thursday.
Inflows of all currencies into Jamaica’s forex market ended on Friday at US$37.34 million down from Thursday’s US$46.71 million, while dealers sold US$37.23 million versus US$50.04 million, previously.
US currency purchases, accounted for US$28.65 million of the total inflows, at an average of J$128.49 versus J$129.12 for US$36.83 million on Thursday, while dealers sold US$30.35 million compared to US$38.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.10 from J$105.55 at the close on Thursday. The British Pound dropped to J$173.88 for buying the British currency versus J$176.21 previously and the euro declined in value against the Jamaican dollar, with it taking J$152.45 to buy the European common currency, versus J$157.14, previously.
JS$ gains more ground vs US$ – Friday
September 29, 2017 by
