More losses for Jamaica dollar – Monday

The Jamaican dollar continue the recent decline in value against the United States dollar on Monday, with the rate rising 8 cents from Friday’s closing selling rate, to close at $126.55 while the buying rate jumped 49 cents above Friday’s rate.
Inflows of all currencies, totaled US$46.97 million, versus US$37.22 million on Friday with the selling of US$42.89 million in contrast to US$33.37 million on Friday.
In US dollar trading, dealers sold US$41.23 million at an average of $126.55 at the close, compared to US$32.05 million at an average of $126.47 on Friday. Purchases of the US currency by dealers, amounted to US$44.35 million at an average of $125.07 at the close, compared to US$31.27 million at an average of $124.58.
The selling rate on Monday, for the Canadian dollar fell to J$98.34 from J$98.65 at the close on Friday, the selling rate for the British Pound rose to J$174.58 from J$173.11 previously and the euro dropped in value against the Jamaican dollar at J$156.45 to buy the European common currency, versus the prior selling rate of J$153.20.