Wednesday 27 May, 2020

Jamaican dollar gains 33 cents against US greenback

The Jamaica dollar appreciated by 33 cents during Monday's trading, according to the Bank of Jamaica (BOJ) trading summary.

The dollar closed at $131.02 on the day from $131.35. It was followed by the British Pound which closed at $165.06 from $165.56, while the Canadian dollar closed at $99.00 from $98.43 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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