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Jan 21: JMD sells for $121.04

Published:Wednesday | January 20, 2016 | 1:17 PM

The Jamaica dollar traded at an average rate of $121.04 against the US dollar on Thursday, down four cents in a day of heavy trading on the foreign exchange market.

The JMD also traded at $169.97 against the pound sterling, depreciating 3 cents; and at $85.44 against the Canadian dollar, losing $1.86 from Wednesday.

In the US dollar market, foreign exchange traders bought up US$81.4 million and so were able to comfortably meet demand, which amounted to US$76.49 million.

The Jamaican dollar has fallen 63 cents or 0.52 per cent year to date against the USD, its main trading partner.

business@gleanerjm.com