Jamaican$ improved value

The Jamaican dollar closed trading on Tuesday at $145.91 to one US dollar, with dealers selling US$60 million after buying US$51.4 million at an average rate of $144.81. The improved value for the local currency compares with the August 19 low of $151.27 for each US dollar.
On Monday, dealers sold US$36.5 million at an average of $146.89, while dealers bought just US$23.2 million, at an average rate of $144.02.
The big sellers on Tuesday were Bank of Nova Scotia, US$9.6 million at an average of $147.23 after buying a mere US$2.3 million at $142.04. JN Bank bought just $336,000 at $138.16 each and sold US$4.4 million at $142.14 each and National Commercial Bank bought US$6.5 million at an average of $144.79 and sold US$14.4 million at $145.42. JMMB Bank bought US$8.7 million at $143.34 and sold only US$688,334 at $146.19 while JMMB Securities bought US$6.4 million at $146.72 each and sold US$7 million at $146.99.