Wednesday, 23 October 2013 | Bank of Jamaica’s hands were visible in the forex market on Wednesday with dealers purchasing the equivalent of US$45,935,624 and sold $43,279,962. IC Insider’s source confirmed the central bank’s intervention which led to a slight appreciation in the value for the Jamaican dollar against the US dollar.
Dealers purchased US$41,532,414 at a rate that was down 3 cents to $104.48 and sold US$38,099,208 down 5 cents to $104.94; Canadian dollars for an increase of 87 cents at $100.87 for C$2,222,211 and sold C$3,773,128 at $102.75 down 51 cents and £1,328,476.77at $167.37 an increase of 23 cents and sold £770,750.73 for 99 cents less than on Tuesday at $170.33.
Highs & lows | The highest buying rate for the US dollar went down 25 cents to $106.50, while the lowest buying rate remained unchanged at $85.17 and the highest selling rate for the US dollar remained unchanged at $109.14 but the lowest went up 16 cents to $85.17.
The highest buying rate for the Canadian dollar went down $1.50 to $103.00, while the lowest buying rate for remained unchanged at $81.26 and the highest selling rate went up 25 cents to $105.00 as the lowest remained at $97.90.
The highest buying rate for the British Pound went down 70 cents to $171.60, the lowest buying rate went up 66 cents to $135.95. The highest selling rate went down 92 cents to $174.35 while the lowest remained unchanged 163.80.
