There was more selling of foreign currencies than buying by dealers on Wednesday, similar to Tuesday’s trading. Purchases of all currencies by dealers, translated to US$33,677,040 compared with the US$32,436,213, on Tuesday and selling amounted the equivalent of US$52,309,853 versus US$44,560,563 sold on Tuesday.
In US dollar trading, dealers bought US$29,144,721 compared to US$28,223,145 on Tuesday. The buying rate for the US dollar fell 3 cents to $115.22 and US$48,604,969 was sold versus US$42,457,660 on Tuesday, the selling rate remained at $115.77. The Canadian dollar buying rate rose $1.58 to $91.26 with dealers buying C$2,862,479, and selling C$2,525,837, at an average rate that climbed 42 cents, to $92.04. The rate for buying the British Pound gained 35 cents to $173.05 for the purchase of £1,053,193, while £719,957 was sold, at an average rate of $174.53, a rise of 56 cents. At the end of trading it took J$132.53 to purchase the Euro, $1.20 higher than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.97 for an increase of $1.07 over Tuesday. Other currencies bought, amounted to the equivalent of US$683,280 while the equivalent of US$611,448, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $116. The lowest buying and the highest selling rates were unchanged at $94.36 and $120.91 respectively. The lowest selling rate climbed $18.64 to $113. The highest buying rate for the Canadian dollar climbed $1.30 cents to $94, the lowest buying rate rose 58 cents to $72.96. The highest selling rate put on $1.13 to $95.61 and the lowest selling rate is up 40 cents to $87.90. The highest buying rate for the British Pound, gained $1.34 to $176.02. The lowest buying rate gained 87 cents to $139.73, the highest selling rate rose 96 cents to $179.97 and the lowest selling rate increased $1.05 to $168.35.
Dealers sold US$18m over buying
February 4, 2015 by
