Value slips for Jamaican$ – Monday

Trading in the Jamaican foreign exchange market on Monday resulted in the Jamaican dollar declining in value against the US dollar, with the selling rate ending at J$128.68 from J$128.41 previously. Dealers bought the US currency at an average of J$127.23, versus J$127.17 on Friday.
Trading ended with inflows of US$45.59 million compared to US$32.69 million on Friday with Bank of Jamaica is entitled to approximately 25 percent of the inflows or around $11.4 of Monday’s intake. Outflows amounted to only US$30.40 million compared to US$19.34 million of all currencies on the prior trading day.
In USA dollar trading, inflows ended at US$41.64 million versus US$28.37 million on Friday with outflows of US$28.38 million compared to US$16.32 million.
The selling rate for the Canadian dollar climbed to J$103.82 from J$103.11 at the close on Friday while the British Pound was more costly, with J$166.02 buying the British currency versus J$165.59 and the euro, rose in value against the Jamaican dollar, with it taking J$151.81 to buy the European common currency, versus J$150.79 previously.