Forex flows remain buoyant

Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$54,541,839 versus US$49,122,107 on Monday, and selling of the equivalent of US$51,849,629 compared to US$46,110,654 on Monday.
In US dollar trading, dealers bought US$46,951,936 compared to US$42,122,796 on Monday. The buying rate for the US dollar rose 37 cents to $114.06 and US$48,252,657 was sold versus US$43,345,164 on Monday with the selling rate rising 3 cents to $114.59. The Canadian dollar buying rate gained 93 cents to $96.66 with dealers buying C$3,420,037 and selling C$1,802,538, at an average selling rate that fell 19 cents, to $97.58. The rate for buying the British Pound was up 69 cents to $176.47 for the purchase of £2,861,176, while £1,203,874 was sold, the rate gained 11 cents to $177.21. At the end of trading it took J$139.54 to purchase the Euro, 14 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.40, for an decrease of 25 cents. Other currencies bought, amounted to the equivalent of US$264,830 while the equivalent of US$200,228, was sold.
Highs & Lows| The lowest selling rate for the US dollar, fell 20 cent to $111.80 with all the other rates remaining unchanged. The highest buying rate for the Canadian dollar rose 20 cents to $99.20 with the other rates remained unchanged. The highest buying rate for the British Pound, lost 62 cents to $178.13 and the others were unchanged.