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Forex: J$110.00 to one US dollar

Thursday, April 24, 2014 | 4:53 PM    

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KINGSTON, Jamaica — The US dollar traded at an average J$110.00 to one US dollar on Thursday, April 24, according to the Bank of Jamaica’s daily foreign exchange trading summary.

On Wednesday, April 23, the US dollar closed trading at J$109.94.

Meanwhile, the Canadian dollar Thursday closed trading at J$99.32 while the British pound ended the day at J$184.82.

At the end of January this year with the Jamaican dollar at $107.21 to one US dollar, 72 per cent of respondents in an OBSERVER ONLINE poll felt that the local currency would reach J$120 to one US dollar by June.

However even as the devaluation of the Jamaican dollar gallops along, with just over a month to June J$120 to one US dollar is unlikely.

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