Thursday, 3rd October 2013 | Trading in the Forex market picked up on today with the equivalent of US$3.7 million being purchased and US$41 million being sold with the rate for the Jamaican dollar slipping further at the end of trading.
Trading in US dollars resulted in US$23.8 million of that currency being purchased at $103.09, a 3 cent increase over Wednesday’s rate and selling amounted to US$36 million at $103.98 an increase of 20 cents over the prior rate.
The buying rate for the Canadian dollar moved up by 24 cents to $98.49 as C$1 million was purchased and CS$511,633 was sold at $100.67 or 30 cents up for the day.
The British Pound cost $1.22 more to purchase at $166.38 as dealers bought £2.967 million and sold the Pound at 69 cents cheaper at $168.86 as £2.09 million was sold.
There were mixed results for the highest and lowest buying and selling rates. The highest buying rate for the US dollar fell 75 cents to $105.05 and the lowest selling rate was down 80 cents to $100.50 but the rates for the lowest buying and the highest selling remained unchanged at $84.75 and $108.61 respectively.
The Canadian dollar’s highest buy rate moved up 40 cents to $101.50 with all others remaining unchanged at $80.51, $103.79 and $97 respectively. The highest buy rate for the Pound was 30 cents more at $169.80 with no change to the lowest at $135.29, while the highest selling rate was up 21 cents to $174.62 and the lowest declined 55 cents to $161.95.
