This week in the forex market, the JMD continue to regain some ground against the major traded currencies. With the exception of the Euro, the JMD advanced by at much as $1.01.
The JMD continues to show signs of vitality as it advanced against all the major traded currencies for another consecutive week. The JMD advanced by at least $1.61 against the major traded currencies, most noticeable the JMD appreciated by $4.52 against the Euro.
Following several flash sales during the previous week, the Bank of Jamaica (BOJ) injected US$90M into the local Forex Market. Consequently, the JMD regained some ‘footing’ against the major traded currencies. The JMD advanced by at least $1.28 against major traded currencies.
For a third consecutive month, the country saw a general increase in price levels. Following a 1.1% and 0.8% increase in price levels in July and August, them Consumer Price Index (CPI) increased by 0.4% month over month (MoM). Accordingly, the country’s point to point inflation stood at 3.4% as at the end of September … Continued
After seven years of expanding Mailpac through various infrastructural and technological enhancements, Norbrook leveraged its e-commerce expertise to establish Mailpac Local Limited – a separate e-commerce business serving local retailers that wanted to sell to Jamaican consumers. The company built its customer base by delivering goods bought on its website from local providers such as … Continued
Following the Bank of Jamaica’s (BOJ) intervention, the Forex market saw a bit of relief this week. The Central Bank injected US$90M into the market to alleviate the USD demand. The JMD closed at US$1: JA$141.21 this week, a $0.40 improvement week over week; the JMD also strengthened against the CA$ and British Pound.
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