Jamaican dollar starts trading week in $136 territory vs greenback
Created : 13 May 2019
The Jamaican dollar appreciated on Friday to re-enter the $136 territory, according to the Bank of Jamaica (BOJ).
It was the second consecutive day of strengthening for the month as the local currency closed at $136.54 against the US dollar from $137.08 on the prior day.
During the week, the central bank sold US$30 million at a weighted average rate of $137.48 to authorised dealers and large cambios by means of its Foreign Exchange Intervention and Trading Tool (B-FXITT).
The BOJ last intervened in the market last month.
The dollar was at its weakest position at $137.96 on August 23, 2018. In March, it hit its strongest position in over 12 months when it entered $124 territory. Since that time, the local currency has depreciated.
Also on Friday, the pound closed at $177.56 from $178.88 and the Canadian dollar closed at $100.40 from $101.90.
Get the latest local and international news straight to your mobile phone for free: