At the close of trading, the Jamaica dollar continued to revalue on Thursday with the average rate for the public to buy the US dollar, declining by 6 cents Jamaican. The local currency also rose against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$33.61 million, versus US$37.26 million on Wednesday with selling of US$36.26 million compared with US$46.19 million sold on Wednesday.
In US dollar, trading dealers sold US$33.91 million at an average of $124.73 at the close, compared US$43.16 million at an average of $124.79 on Wednesday. US currency purchases by dealers, amounted to US$29.01 million, at an average rate of $123.28, compared to Wednesday, with US$32.39 million, at an average rate of $123.12.
On Thursday at midday dealers purchased US$11.95 million at an average rate of J$124.11 and sold US$12.29 million at an average of J$124.76.
The selling rate for the Canadian dollar slipped to J$99.01 from J$99.10 at the close on Wednesday. The selling rate for the British Pound fell to J$166.64 versus J$167.82 previously and the euro gained value against the Jamaican dollar at J$150.34 to buy the European common currency, versus the prior selling rate of J$149.85.
More gains for Jamaican dollar
January 4, 2018 by
