Buying exceeds selling for second day

Purchase of all currencies by dealers exceeded the amounts sold by US$5 million on Friday and by $4 million on Monday. Changes in the rates were mixed on Monday with the Jamaican dollar easing slightly versus the US dollar and sliding a bit against the Canadian but the Jamaican gained ground on the Pound. Dealers bought the equivalent of US$42,299,523 compared with US$36,853,492, on Friday while they sold the equivalent of US$37,983,946 versus US$ $31,821,560 previously.
In US dollar trading, dealers bought US$39,031,074 compared to US$34,602,528 on Friday. The buying rate for the US dollar fell 10 cents at $115.68 and US$36,387,817 was sold versus US$30,415,132 on Friday, the selling rate rose 1 cent to $116.23. The Canadian dollar buying rate fell 1 cent to $90.46 with dealers buying C$1,087,438 and selling C$683,0624, at an average rate that rose 17 cents to $93.22. The rate for buying the British Pound fell 90 cents to $174.23 for the purchase of £1,413,526, while £597,187, was sold, at an average rate that eased by 79 cents to $177.45. At the end of trading it took J$129.12 to purchase the Euro, $1.93 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.69 for $1.78 less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$289,244, while the equivalent of US$136,644, was sold.
Highs & Lows| The highest buying rate for the US dollar was unchanged at $116.40, the lowest buying rate dropped $1.70 to $88.06, the highest selling rate remained unchanged at $121.98, but the lowest selling rate fell $1.88 to $95.19. The highest buying rate for the Canadian dollar rose 90 cents to $94, the lowest buying rate slipped 25 cents to $73.62, the highest selling rate rose $1.94 at $96.50 and the lowest selling rate declined $1.30 to $88.70. The highest buying rate for the British Pound, slipped 50 cents to $178.50, the lowest buying rate closed down $8.18 to $135, with the highest selling rate rising $1.94 to $183.24 with the lowest selling rate declining $1.25 to $171.25.