Less than J$125 for the US dollar

At the close of trading the Jamaica’s Forex market on Tuesday the average rate for the public to buy the US dollar declined below $125 Jamaican and lower than at the close of 2017.
Inflows of all currencies ended at US$53.25 million, versus US$47.75 million on Friday with selling of US$51.48 million compared with US$56.28 million sold on Friday.
In US dollar, trading dealers sold US$48.72 million at an average of $124.76 at the close, compared US$55.06 million at an average of $125 on Friday. US currency purchases by dealers, amounted to US$48.72 million, at an average rate of $123.29, compared to Friday, with US$40.80 million, at an average rate of $123.61.
On Tuesday at midday dealers purchased US$18.05 million at an average rate of J$123.93 and sold US$25.4 million at an average of J$124.87. At mid-day on Friday dealers purchased US$17.6 million at an average rate of J$124.48 while they sold US$9.87 million at an average of J$124.95.
The selling rate for the Canadian dollar dropped to J$96.81 from J$97.39 at the close on Friday. The selling rate for the British Pound fell to J$165.96 versus J$167.03 previously and the euro slipped in value against the Jamaican dollar at J$147.49 to buy the European common currency, versus the prior selling rate of J$147.52.