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Jan 27: JMD trades at $121.31 against USD

Published:Wednesday | January 27, 2016 | 6:13 PM

The Jamaica dollar traded at an average rate of $121.31 against the US dollar on Wednesday, down another ten cents from Tuesday.

The JMD also lost value against the pound sterling, down 61 cents to $172.12, and against the Canadian, down $1.25 to $87.99.

In the US dollar market, traders bought up US$30.53 million, enough to cover the US$28.52 million of demand.

The Jamaican dollar has fallen 90 cents or 0.66 per cent year to date against its main trading partner, the US dollar.

business@gleanerjm.com