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Jan 20: JMD falls to $121 against USD

Published:Wednesday | January 20, 2016 | 5:47 PM

The Jamaica dollar traded at an average rate of $121.01 against the US dollar on Wednesday, down fifteen cents from Tuesday.

It also traded at $169.94 against the pound sterling, depreciating 33 cents; and at $83.58 against the Canadian dollar, losing 53 cents from Tuesday.

In the US dollar market, demand outstripped supply with foreign exchange traders buying up US$25.69 million while selling US$27.66 million.

The Jamaican dollar has fallen 59 cents or 0.49 per cent year to date against the USD, its main trading partner.