Dealers bought a net of US$10 million on Friday and sold a net of US$9 million on Monday. Purchases of all currencies by dealers amounted to a large haul of US$62,127,595 equivalent, compared with US$38,133,681, on Friday and selling of the equivalent of a large sum of US$71,025,900 versus only US$27,962,486 on the previous trading day.
In US dollar trading, dealers bought US$57,302,053 compared to US$35,965,168 on Friday. The buying rate for the US dollar rose 5 cents to $114.58 and US$68,765,502 was sold versus US$26,890,036 on Friday, the selling rate edged down 5 cents to end at $115.02. The Canadian dollar buying rate fell 80 cents to $89.08 with dealers buying C$1,302,237 and selling C$1,552,185, at an average rate that fell $1.10 to $90.75. The rate for buying the British Pound rose 6 cents to $168.69 for the purchase of £2,355,189, while £485,376 was sold, at an average rate of $169.93, for a fall of $1.06. At the end of trading it took J$125.32 to purchase the Euro, 35 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.86 for a fall of 30 cents from Friday’s rate. Other currencies bought, amounted to the equivalent of US$345,7611 while the equivalent of US$318,703, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 25 cents to $115.30. The lowest buying rate dropped $4.86 to $89.08, the highest selling rate remained at $120.37 and the lowest selling rate dived $16.33 to $96.17. The highest buying rate for the Canadian dollar fell 25 cents to $91.50, the lowest buying rate remained at $72.46, but the highest selling rate declined 70 cents to $94.50 while the lowest selling rate fell $1.50 to $85.80. The highest buying rate for the British Pound, rose $2.05 to $173.05, the lowest buying rate remained unchanged at $137.20 but highest selling rate climbed $1.75 to $176.87, while the lowest selling rate dipped $1.20 to $164.10.
Another large sell off of US$
March 30, 2015 by
