Tuesday, 19th November 2013 | On the ForEx market, the rate of exchange for the British Pound declined on Tuesday while rates for the United States and Canadian dollar increased against the Jamaican dollar.
Dealers purchased US$24,901,729 as the rate moved up 18 cents to $104.99 and they sold US$25,543,836 with the rate increasing by 7 cents to $105.76. There was buying by dealers of C$1,096,978 as the buying rate went down 79 cents to $99.23 but as they sold C$1,752,851, the selling rate increased by 76 cents to $102.24. There was buying of £1,201,514 with the rate declining by 39 cents to $168.19 and selling of £883,957, the rate was down 15 cents to $171.31. Other currencies bought, amounted to the equivalent of US$1,194,848 and selling of US$1,062,777.
The total amount of US dollar equivalent of currencies bought amounted to US$29,057,997 and the equivalent of US$29,733,194 was sold.
Highs & Lows | The highest and lowest rates for the three main traded currencies all moved upwards except in two cases. There was no change to the lowest buying rate for the US dollar at $85.50, but the highest buying rate moved up by 12 cents to $107 and the highest selling rate was up 10 cents to $109.97 and it was 5 cents up for the low at $85.51.
The Canadian dollar saw a 10 cent slippage in the highest buying rate at $102.20 and a 33 cents rise in the lowest buying rate at $80.51. The highest selling rate moved up 22 cents to $103.79 and the low was up by 40 cents to $97.
The British Pound moved up 15 cents to reach $172.15 for the high and up $19.62 for the low to hit $135.87. The high for the selling rate reached $175.16 an increase of 11 cents while the low was up 10 cents to $163.70.
