Robust FX trading | The foreign exchange market enjoyed high levels of trade on Monday with the equivalent of US$39.9 million being purchased and US$31.7 million sold. This contrast with last week’s Monday’s trade in which US$47.3 million were purchased and US$50.4 million were sold.
USD | The selling rate for the US dollar slipped from Friday’s close to end at J$99.9592 (Friday J$98.9885) as US$29.64 were sold and US$37.1 million were bought at J$98.428, slightly higher than Friday’s buying rate of J$98.4244.
GBP | £1.24 million were sold to authorized dealers by the public, at an average of J$147.63 while dealers sold £0.71 million, at an average of J$151.3622. On Friday last, the selling rate was J$150.29, $1.06 less.
CAD | Can$0.84 million were bought at an average of J$94, $1.34 less decline from Friday’s rate of J$95.34. Can$0.46 million were sold on Monday at an average rate of J$96.3, slightly lower than Friday’s trades which took place at J$97.15.
