Currency rates update - February 25: $96.81 to US$1

BUSINESS: Currency rates update – February 25: $96.81 to US$1

The Jamaican dollar lost a further $0.18 against the United States dollar at the close of trading today, reaching $96.81.

It gained $0.99 against the Canadian dollar when compared with the average selling rate on Friday, and gained $1.03 against the British Pound Sterling.

The Pound Sterling has come under some pressure since credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 last Friday, citing weaknesses in the economy's medium-term outlook.

The gains and losses are based on the average selling rates.

Below are the rates:

US
$95.86 buying
$96.81 selling

Pound Sterling
$144.51 buying
$148.12 selling

Canadian
$92.32 buying
$94.46 selling

Cayman Islands
$114.99 buying
$115.96 selling

business@gleanerjm.com