Trading in the Jamaican foreign exchange market on Monday saw a continuation of relatively high volumes with dealers buying the equivalent of US$44,518,271 and selling US$47,139,125, in contrast with US$46,633,736 purchased and US$39,279,414 sold on Friday.
In US dollars trading, dealers bought US$40,700,061 compared to US$42,784,797 on Friday, with the buying rate for the US dollar declining 12 cents to $121.23. A total of US$44,798,976 was sold versus US$37,116,900 on Friday as the selling rate slipped 2 cents to $121.85. 
The Canadian dollar buying rate fell 45 cents to end at $87.17 with dealers buying C$1,351,796 and selling C$765,595, at an average rate that climbed 50 cents to $90.20. The rate for buying the British Pound rose 71 cents to $169.35 for the purchase of £1,901,755, while £1,068,937 was sold, with the rate rising $1.80 to $171.93. At the end of trading, the selling rate for Euro, climbed 91 cents to close at J$134.14, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.57 for a rise of 90 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$189,659 being bought, while US$265,153 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Monday are, a jump of $1.90 in the highest buying rate for the Canadian dollar that ended at $93, the lowest selling rate climbed $3.10 to $86.20 and the highest selling rate for the British Pound gained $1.94 to $180.36 and the lowest selling rate jumped $2.50 to end at $164.50.
Buoyant FX trading on Monday
March 7, 2016 by
