Jamaican Dollar Regains $1.45 Against US Greenback in June, One Of The Largest Monthly Appreciations In Years!
The Bank of Jamaica (BOJ) has revealed that in the month of June the Jamaican dollar revalued by $1.45 against the US greenback during trading.
On Monday the local currency began trading at $128.62 , from $130.07 on June 1st.
It represented one of the largest monthly appreciation of the dollar, which re-entered $128 territory, in years.
The dollar is responding in part to a weaker US dollar, which has lost gains made since US president Donald Trump came to office, and also a new BOJ auction system.
Meanwhile, the British Pound Sterling closed at $166.58 from $168.16 on June 1st, while the Canadian dollar closed at $99.39 from $97.09.
Remember to share this article on Facebook and other Social Media Platforms. To submit your own articles or to advertise with us please send us an EMAIL at: [email protected]
- Bolt Wins 100m Diamond League Sprint Ahead Of World Championships - July 21, 2017
- High-Powered Weapons, Over 4000 Rounds Ammunition Found At Wharves - July 21, 2017
- Prominent Montego Bay Businessman Shot Dead By Gunman - July 20, 2017
- Gunmen Open Fire On Denham Town Police Station - July 19, 2017
- Bolt, Omar McLeod to Face Off In Monaco - July 19, 2017
- Jamaican Doctor Dies In Cayman After Being Struck By Taxi - July 18, 2017
- Red Stripe Bikers Rollout: Red Stripe Implores Motorcyclists to Drive Responsibly - July 18, 2017
- Former Politician Shot Dead After Allegedly Killing Woman In St Elizabeth - July 18, 2017
- Tanya Stephens: Miss Lou “Didn’t Liberate Me” – (VIDEO) - July 17, 2017
- You May Have Played in the Caribbean in Assassin’s Creed – But Do You Know These Other Games? - July 17, 2017