The selling rate of US dollar rose against the Jamaican dollar by 7 cents on Monday, with the rate dealers bought US dollar for 55 cents more than the closing rate at the close of the previous trading day.
On Monday, inflows of all currencies, totaled US$55.82 million, versus US$36.25 million on Friday with the selling of US$55.32 million in contrast to US$42.96 million previously.
In US dollar trading, dealers sold US$51.22 million at J$128.47 each, at the close, compared to US$40.82 million at an average of J$128.40 on Friday. Purchases of the US currency by dealers, amounted to US$49.73 million at an average of $127.02 at the close, compared US$34.14 million at an average of $126.47.
At mid-day on Monday dealers purchased US$27.95 million at an average rate of J$127.40 and sold US$20.44 million at an average of J$128.34.
The selling rate on Monday, for the Canadian dollar rose to J$98.06 from J$96.87 at the close on Friday, the selling rate for the British Pound rose to J$177.38 from J$176.89 previously and the euro gained against the Jamaican dollar at J$156.69 to buy the European common currency, versus the prior selling rate of J$156.35.
More losses for Jamaican$ on Monday
March 5, 2018 by
