
Chart shows that the Jamaican dollar could go back to 120 to US dollar in 2018.
At the close of trading on Monday, the rate the public bought the US dollar climbed 10 cents Jamaican but the rate dealers bought the Green back at, fell $1.49.
The local currency fell in value against the British Pound and the euro but rose against Canadian Dollar.
Inflows of all currencies ended at US$26.63 million, versus US$61.29 million on Friday with the selling of US$33.40 million compared with US$45.40 million sold on Friday.
In US dollar, trading dealers sold US$31.63 million at an average of $124.87 at the close, compared US$37.76 million at an average of $124.77 on Friday. US currency purchases by dealers, amounted to US$23.02 million, at an average rate of $122.29 , compared to Friday, with US$46.92 million, at an average rate of $123.78.
On Monday at midday dealers purchased US$6.84 million at an average rate of J$122.38 and sold US$5.52 million at an average of J$124.83. At mid-day on Friday dealers purchased US$16.39 million at an average rate of J$124.21 and sold US$17.18 million at an average of J$124.71.
The selling rate for the Canadian dollar fell to J$98.52 from J$99.59 at the close on Friday. The selling rate for the British Pound fell to J$170.97 versus J$168.58 previously and the euro fell in value against the Jamaican dollar at J$150.98 to buy the European common currency, versus the prior selling rate of J$148.14.
At the close of trading on Friday, the rate the public bought the US dollar declined 2 cents Jamaican but the rate dealers bought the Green back increased by 8 cents.
At the close of trading on Thursday, the rate the public bought the US dollar rose 2 cents Jamaican. The rate dealers bought the Green back slipped by 1 cent.
At mid-day on Wednesday dealers purchased US$12.57 million at an average rate of J$124.18 and sold just US$6.48 million at an average of J$124.56.
At mid-day on Tuesday dealers purchased US$14.72 million at an average rate of J$123.94 and sold US$13.55 million at an average of J$124.75.
At the close of trading on Tuesday, the rate the public bought the US dollar rose by 21 cents Jamaican. The rate dealers bought the Green back also rose with an increase of 57 cents.
At the close of trading, the Jamaica dollar rose 19 cents value on Monday for the average rate for the public to buy the US dollar. The local currency also fell in value against the euro but rose against the Canadian Dollar and the British Pound.
At the close of trading, the Jamaica dollar lost moderate value on Friday with the average rate for the public to buy the US dollar, rising by less than a cent Jamaican. The local currency also fell in value against the Canadian Dollar and the British Pound.
At mid-day on Friday dealers purchased US$15.16 million at an average rate of J$124.09 while they sold US$10.26 million at an average of J$124.75. 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.
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.
At the close of trading the Jamaica’s Forex market on Wednesday the average rate for the public to buy the US dollar remained below $125 Jamaican but the value slipped against all four major than on Tuesday .
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.