Dealers in the Jamaican foreign exchange market bought the equivalent of US$19.4 million more foreign exchange on Wednesday than they sold but the rate to buy the US dollar by the public, rose to an average of J$130.51 trading US$27.84 million from J$130.14 for US$21.70 million on Tuesday.
Dealers bought US$45.41 million in US currency at an average of 99 cents more than on Tuesday, at J$129.68 versus J$128.69 when they purchased US$29.18 million.
Trading of all currencies ended with the equivalent of US$50.45 million purchases by dealers on Wednesday versus Tuesday’s levels of US$33.50 million while they sold US$31.03 million compared with US$24.32 million on Tuesday.
The selling rate for the Canadian dollar slipped to J$107.43 from J$107.52 at the close on Tuesday while the British Pound was more costly, with J$172.62 buying the British currency versus J$170.09 previously and the euro, rose in value against the Jamaican dollar, with it taking J$157.01 to buy the European common currency, versus J$156.29 previously.
Net US$ Inflows rise J$ falls again – Wednesday
September 13, 2017 by
