Trading in the Jamaican foreign exchange market on Tuesday saw another day of high volumes for the third consecutive day with dealers buying the equivalent of US$76,783,088 and selling US$77,003,971, in contrast with US$77,059,769 purchased and US$85,477,235 sold on Monday.
In US dollars trading, dealers bought US$71,080,717 compared to US$73,434,983 on Monday, with the buying rate for the US dollar rising 9 cents to $121.51. A total of US$73,587,571 was sold versus US$83,624,941 on Monday as the selling rate slipped 2 cents to $121.82. 
The Canadian dollar buying rate rose $1.45 to end at $85.53 with dealers buying C$1,852,682 and selling C$796,989, at an average rate that fell 19 cents to $86.59. The rate for buying the British Pound rose 65 cents to $173.36 for the purchase of £2,250,589, while £1,001,147 was sold, with the rate being up $2.57 to $174.54. At the end of trading, the selling rate for Euro, ended with a fall of $1.18 to close at J$135.78, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.28 for a decline of $1.09 from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$1,187,546 being bought, while US$1,415,534 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a jump of $18.14 in the lowest selling rate for the US dollar that ended at $117.50, the lowest selling rate of the Canadian dollar dropped $1.36 to $80.14 and the highest buying rate for the British Pound rising by $1.85 to $177.85 whilst the lowest selling rate fell $1 to $167.
Big FX trading continues on Tuesday
February 16, 2016 by
