The JMD strengthen against most of the major traded currencies. The JMD advanced by as much as $1.12 against the traded currencies this week, but fell in by $0.80 against the Canadian dollar. Year to date, the JMD has depreciated by $8.65 or 6.13%.
On a regular business day in early November of 2019, the Jamaican flag is flown high on the New York Stock Exchange (NYSE).1 Why? An honour bestowed to the region’s leading stock exchange as it continues to be named one of the world’s best performing stock exchange.
After closing the previous decade at $132.57, the JMD depreciated by $1.9 this week against the benchmark USD. Year to date , the JMD fell by 3.71% against the USD and by 6.12% against the CAD. The GBP was the biggest mover this week, appreciating by $5.81 against the JMD.
This week in the forex market the JMD strengthen against the USD, GBP and Euro, but declined against the CAD.This week the JMD saw strong movements against the GBP and Euro as the JMD surged by $7.67 and $6.16, respectively.
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.