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WiredJa Online News

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WiredJa Online News

JAMAICA | Ja dollar gains in Monday's trading against the $US: 127.03 to $US

KINGSTON, Jamaica — The US dollar on Monday, November 6, ended trading at J$127.03 down by eight cents according to the Bank of Jamaica's daily foreign exchange trading summary.

Meanwhile, the Canadian dollar ended trading at J$99.65 down from J$99.92 while the British pound sterling ended trading at J$165.04 down from J$165.27.

Trading in the foreign exchange market on Friday, resulted in a slight rise in the value of the Jamaican dollar against the US dollar as US$42.5 million of the US dollar was sold by dealers at an average rate of $127.11 to the US dollar.

On Thursday, US$40.1 million was purchased at an average rate of $127.20. US currency purchases amounted to US$44.48 million on Friday, at an average rate of $126.29 compared to Thursday, with US$39.2 million at $126.31.

Dealers purchased US$57.4 million, versus US$46.3 million on Thursday in all currencies in Jamaica’s forex market and sold US$73.4 million compared with US$46.1 million of all currencies sold previously.
At Midday, dealers bought US$14.4 million at J$126.66 and sold US$17.1 million at J$127.12.

The selling rate for the Canadian dollar climbed to J$99.92 from J$98.14 at the close on Thursday. The selling rate for the British Pound dropped to J$165.27 versus J$167.14 on Thursday and the euro lost value against the Jamaican dollar, to J$147 to buy the European common currency, versus J$149.42 previously.

  • Countries: Jamaica

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