Trading in the Jamaican foreign exchange market resumed on Wednesday after the holiday on Tuesday and resulted in inflows of US54.48 million in contrast to US$51 million on Monday.
Dealers sold US$40.55 million compared to US$39.7 million of all currencies on Monday. Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $13.6 million which equates to the difference between the amount bought and sold via the public on Wednesday.
In USA dollar trading, inflows ended at US$50.77 million versus US$45 million on Monday, with outflows of US$38.99 million compared to US$35.7 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.29 from J$128.22 previously. Dealers bought the US currency at an average of J$127.30, up from J$126.99 on Monday.
The selling rate for the Canadian dollar declined to J$102.19 from J$103.09 at the close on Monday, while the British Pound was more costly at the close, with J$169.15 buying the British currency versus J$167.54 and the euro, rose in value against the Jamaican dollar, with it taking J$151.78 to buy the European common currency , versus J$151.38 previously.