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JMD sells for $120.85 to the USD

Published:Tuesday | January 19, 2016 | 1:28 PMNeville Graham

The Jamaica dollar traded at an average rate of $120.85 against the US dollar on Tuesday, down five cents from Monday.

It also traded at $169.60 against the pound sterling, appreciating $1.72; and at $83.05 against the Canadian dollar, losing 89 cents from Monday.

In the US dollar market, demand outstripped supply with foreign exchange traders buying up US$21.17 million while selling US$28.94 million.

The Jamaican dollar has fallen 44 cents or 0.37 per cent year to date against the USD, its main trading partner.

business@gleanerjm.com