A total of 29 offers from dealers amounting to $18.35 million were presented for sale to Bank of Jamaica in the second buy side of B-FXITT foreign exchange auction held on Wednesday this week.
The bank accepted 22 offers for the US$12 million it offered to buy. Despite the excess supply, the rate for the US dollar rose above the average rates dealers sold to the general public at since beginning of last weeks. The average in the first buy auction held on April 11, resulted in an average rate of $125.42. The average rate came out at 125.93 for accepted offers but was J$126.24 for all amounts that were offered for sale. The highest priced offer was at U$127.50 and the lowest J$124.90.
US$ rate rises in BOJ FX auction
April 19, 2018 by
