Buoyant flows keep Jamaican$ stable

In Tuesday’s forex trading, authorized dealers purchased more foreign currency than they sold, in contrast to Monday when they sold more than the amount bought. Dealers bought the equivalent of US$39,158,938 versus US$42,854,290 on Monday, and sold the equivalent of US$36,807,071 compared with US$44,672,575 on Monday.
In US dollar trading, dealers bought US$34,532,237 compared to US$37,012,175 on Monday. The buying rate for the US dollar rose 9 cents to $112.37 and US$32,534,928 was sold versus US$41,385,912 on Monday, the selling rate was unchanged at $112.73.
The Canadian dollar buying rate fell 12 to $100.74 with dealers buying C$875,601 and selling C$682,991 at an average selling rate that dipped 64 cents to $102.26.
The rate for theBritish Pound dived $1.64 to $180.17, for the purchase of £1,981,421, while £1,574,895 was sold, as the rate declined by 80 cents to $181.47. Other currencies bought, amounted to the equivalent of US$664,854, while selling was for the equivalent of US$1,117,348.
Highs & Lows| The highest buying rate for the US dollar, rose 16 cents to $113.10 and lowest buying rate remained unchanged at $91.85. The highest selling rate rose $3 to $117.70 and the lowest selling was unchanged at $91.85. The highest buying rate for the Canadian dollar remained at $103.50, the lowest buying rate declined 25 cents to $81.84, the highest selling rate rose 11 cents to $106.20 and the lowest selling rate gained $16.43 to $98.60. The highest buying rate for the British Pound, climbed $1.19 to $187.50, the lowest buying rate gained $5.25 to $145.75. The highest selling rate increased by $1.21 to $189.71 and the lowest selling rate dropped $24.55 to $154.25.