Jamaican dollar gains four cents against US greenback
Created : 14 May 2019
The Jamaica dollar appreciated on Monday to gain four cents against the US dollar, according to the Bank of Jamaica (BOJ).
The dollar closed at $136.50 from $136.54 on the prior day. It was the third consecutive day of strengthening for the month.
Last week, the central bank sold US$30 million at a weighted average rate of $137.48 to authorized dealers and large cambios by means of its Foreign Exchange Intervention and Trading Tool (B-FXITT). The BOJ last intervened in the market in April.
The dollar was at its weakest position at $137.96 on August 23, 2018. 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.
Meanwhile, the pound closed at $178.06 from $177.56 and the Canadian dollar closed at $101.72 from $100.40.
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