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.
Related Post: How the Jamaican Dollar Has Devalued Over Time
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