This week in the forex market, the JMD further declined against the major currencies with the exception of the Euro. Year to date, the JMD has lost as much as 9.35% of its value. With the dollar once again depreciating rapidly against the USD, the Central Bank has intervened with a flash sale, pumping US$40M … Continued
In the forex market this week, the JMD continues to strengthen against the USD. The JMD also performed favourably this week against the British Pound (GBP), however, weakened against the Canadian Dollar (CAD) and the Euro, depreciating by $1.06 and $0.12, respectively.
The Jamaican Dollar (JMD) saw further gains in the forex market this week. The JMD appreciated against all the major traded currencies; the dollar appreciated by as much as $4.36 this week. Consequently, the JMD now trade below the opening 2019 rate. At J$126.47:US$1, the JMD is at an almost four month high.
This week in the Forex market saw considerable gains for the Jamaican Dollar (JMD). The Jamaican Dollar advanced against all the major traded currencies, appreciating by at least $2.79. The revaluation of the dollar has erased some of year to date loss, as at March 1, the JMD has now lost only 0.54% of its … Continued