US dollar trading in Jamaica’s foreign currency market climbed on Tuesday with inflows exceeding outflows with the rate to buy the US dollar by the public, rising by 18 Jamaican cents, the first time in a week.
On Tuesday, the rate of exchange to buy the US dollar by the public, rose to $125.94 as dealers sold US$61.50 million in US currency, up strongly from US$48.69 million at an average rate of $125.76 on Monday. US currency purchases amounted to US$66.68 million on Monday, at an average rate of $125.09, compared to Monday, with US$56.75 million at $124.94.
On Tuesday at midday dealers purchased US$28.15 million at an average rate of J$125.39 while they sold US$13.70 million at an average of J$125.76.
At mid-day on Monday dealers purchased US$19.60 million at an average rate of J$125.20 while they sold US$15.74 million at an average of J$125.73.
Dealers’ purchased US$70.48 million, versus US$61.32 million on Monday in all currencies in Jamaica’s Forex market and sold just US$63.75 million compared with US$50.73 million sold, previously.
The selling rate for the Canadian dollar jumped to J$99.02 from J$96.77 at the close on Monday. The selling rate for the British Pound climbed to J$168.81 versus J$168.62 previously and the euro held value against the Jamaican dollar at J$149.90.
US dollar trading jumps
December 5, 2017 by
