Thursday, 17th October 2013 | Today the local dollar climbed past the 105 mark for the US dollar as there was more selling of the American dollar than the amount purchased by dealers by US$1.9 million. Overall the equivalent of US$21.6 million was purchased and US$22 was sold.
Dealers pulled in US$17 million at $104.39 an increase of 26 cents and sold US$18.9 million at $105.16 up by 27 cents on the day. On a day when it took more Jamaican dollars to acquire each of the three main currencies, the Canadian was bought for $1.64 more at $101.04 to acquire C$1.37 million and selling took place at $102.21 up 89 cents for C$1.1 million. The Pound sterling fetched $166.69 up 29 cents on the day as buying by dealers accounted for £1.62 million and selling was carried out at $169.84, up 80 cents for £800,075.
The highest buying rate for the US dollar increased by $1 to hit $107.80 while the lowest buying rate was unchanged at $85.00. The highest selling rate increased by 21 cents to $109.14 while the lowest selling rate increased by 20 cents to $102.00.
The highest buying rate increased by $3 to $105.50 for the Canadian Dollar while the lowest remain unchanged at $80.47 but the highest selling rate increased by $1.26 cents to $105.00 and the lowest increased by 5 cents to $97.00.
The highest buying rate increased by $1.40 for the British Pound to $171.80, lowest the lowest buying rate declined $33.67 to $100.00. The highest selling rate increased by $1.02 to $173.34 and the lowest selling rate increased by 95 cents to $162.00.