Trading the Jamaica’s Forex market continued at a high level after opening from the Christmas holiday with inflows of US$75.53 million, versus US$76.84 million on Wednesday of all currencies with selling of US$82.73 million compared with US$62.63 million sold on Wednesday.
In US dollar, trading dealers sold US$73.32 million at an average of $125.09 at the close, compared US$56.68 million at an average rate of $125.12 on Wednesday. US currency purchases by dealers, amounted to US$65.24 million on Thursday, at an average rate of $124.06, compared to Wednesday, with US$69.43 million at $123.90.
On Thursday at midday, dealers purchased US$26.33 million at an average rate of J$124.45 and sold US$24.36 million at an average of J$124.99. At mid-day on Wednesday dealers purchased US$21.98 million at an average rate of J$124.21, while they sold US$16.75 million at an average of J$125.11.
The selling rate for the Canadian dollar climbed to J$99.87 from J$98.40 at the close on Wednesday. The selling rate for the British Pound fell to J$164.20 versus J$166.53 previously and the euro dropped in value against the Jamaican dollar at J$146.75 to buy the European common currency, versus the prior selling rate of J$150.38.
US$ holding just above J$125
December 28, 2017 by
