Friday 13 December, 2019

Jamaican dollar gains 35 cents against US counterpart

The Jamaican dollar appreciated by 35 cents against its US counterpart on Monday after steady depreciation during November.

The currency closed at $135.47 on Monday from $135.82 on the prior trading day.

The British Pound Sterling closed at $173.78 from $177.52, while the Canadian dollar closed at $102.32 from $102.28.

The dollar started November 1 at $140.42 to US$1 but depreciated to a new low of $142.23 on November 12, before the Bank of Jamaica announced interventions.

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