Tuesday 14 July, 2020

Jamaican dollar down by 11 cents

The Jamaica dollar depreciated 11 cents against its US counterpart, according to Wednesday’s trading summary published by the Bank of Jamaica (BOJ).

The dollar now on a depreciation swing closed at $125.90 on Wednesday compared to $125.79 a day earlier. 

The latest round of depreciation started last Tuesday when the dollar pulled back from $124 territory after a bout of appreciation. The dollar regained over $12 since the start of February when it closed at $137.06 to US$1.The Canadian dollar closed at $95.14 versus $94.41 and the British Pound closed at $163.18 versus $165.08. 

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