Monday, 10th February 2014 | The Jamaica dollar regained some value against the USA and Canadian dollars but had mixed fortunes against the British Pound in today’s trading in the Forex market.
There was slightly more buying than selling of the various foreign currencies. The total value of all currencies bought amounted to the equivalent of US$38,550,609 with the equivalent of US$35,464,282 sold.
Dealers bought US dollars at 4 cents less than on Friday’s close to end at $107.04 as US$33,410,739 was purchased with US$32,551,751, sold at $107.77, for a decline of a cent. C$1,254,062 was bought with the rate falling by $1.11 to $95.26 and the selling rate fell by 59 cents to $97.73 with C$791,412 being sold. Dealers bought £2,160,428 with the rate falling 57 cents to $173.90 and sold £1,084,975 at $176.93, an increase of 58 cents. Other currencies bought amounted to US$514,075 and US$413,423 was sold.
Highs & Lows | The highest buying rate for the US dollar increased by 10 cents to $108.40 and the lowest buying and highest selling rates were unchanged at $87.68 and $110.25 respectively. Meanwhile the lowest selling rate fell by $16.38 to $87.67.
The Canadian dollar went as high as $98.30, a decline of 20 cents. The low went up 79 cents to $78.19. The highest selling rate eased by 16 cents to $99.84 and the low fell by 25 cents to $93.
The highest buying rate for the Pound amounted to $177.30, the same rate as Friday and the lowest buying rate closed at $100 for a huge drop of $40.93. The highest selling rate increased by 71 cents to close at $179.92 and the low increased by 85 cents to $170.65.
