The Jamaican dollar had mixed results against the three main currencies it regularly trades with, in Wednesday’s forex trading as inflows remain buoyant. Authorized dealers purchased the equivalent of US$38,491,241, versus US$46,583,995 on Tuesday, and the equivalent of US$36,390,546 was sold compared with US$43,686,767 on Tuesday.
In US dollar trading, dealers bought US$35,575,321 compared to US$41,044,453 on Tuesday. The buying rate for the US dollar fell 1 cent to $112.38 and US$34,601,853 was sold versus US$41,573,721 on Tuesday, the selling rate inched up a cent to $112.68. The Canadian dollar buying rate, lost 32 cents to $98.73 with dealers buying C$858,653 and selling C$588,712 at an average selling rate that slipped 12 cents, to $100.89. The rate for buying the British Pound dropped $1.57 to $180.05, for the purchase of £1,221,702, while £563,057 was sold, at $182.50 for a rise of 2 cents. Other currencies bought, amounted to the equivalent of US$204,183, while selling was for the equivalent of US$349,591.
Highs & Lows| The highest buying rate for the US dollar, closed with the loss of 6 cents at $112.89, the lowest buying, the highest selling and the lowest selling rates were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose $1.50 to $102.50, the lowest buying rate lost 21 cents to $79.80, the highest selling rate lost 74 cents to $104. The lowest selling rate fell 25 cents to $96.15. The highest buying rate for the British Pound, fell $2.39 to $187, the lowest buying rate fell 25 cents to $146.25. The highest selling rate dropped $2.91 to $186.27 and the lowest selling rate rose 20 cents to $176.20.
Forex inflows remain strong on Wednesday
October 1, 2014 by
