Sunday 26 May, 2019

Jamaican dollar up by 87 cents

The Jamaican dollar appreciated by 87 cents during trading on Monday, according to Bank of Jamaica (BOJ) trading data.

The dollar closed at $125.60 from last Friday’s $126.47, resulting in the first round of appreciation since last Wednesday.

In March the dollar hit its strongest position in over 12 months when it entered the $124 territory. Since that time, the local currency has depreciated.

The pound closed at $163.38 from starting the trading week at $165.53 and the Canadian dollar closed at $94.32 from $95.89.

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