Wednesday 23 October, 2019

Jamaican dollar gains 24 cents against US counterpart

The Jamaica dollar appreciated by 24 cents during Monday’s trading session, according to the Bank of Jamaica (BOJ) trading summary.

The dollar closed at $130.43 on Monday from $130.67 on the prior trading day. 

It was followed by the British Pound which closed at $165.60 from $166.13, while the Canadian dollar closed at $100.20 from $101.20 on the previous day. 

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

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