Trading in the Jamaican foreign exchange market ended Monday with dealers buying the equivalent of US$64,626,781 and selling US$55,140,235, in contrast with US$55,187,652 purchased and US$45,669,815 sold on Friday.
In US dollars trading, dealers bought US$60,897,375 compared to US$51,122,324 on Friday with the buying rate for the US dollar slipping by 2 cents to $120.89. A total of US$53,714,041 was sold versus US$43,774,345 on Friday as the selling rate fell by 3 cents to $121.34. The Canadian dollar buying rate 
fell 64 cents to end at $82.57 with dealers buying C$1,301,740 and selling C$615,650, at an average rate that slipped 84 cents to $84.59. The rate for buying the British Pound dived $2 to $168.79 for the purchase of £1,208,967, while £455,237 was sold, with the rate declining $2.83 to $171.06. At the end of trading, the selling rate for Euro, ended with a loss of $1.42 at J$131.33, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.87 for a fall of 
$1.59 from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$1,152,324 being bought, while US$353,692 was sold.Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a drop of $18.84 in the lowest selling rate for the US dollar that ended at $99.16 and the highest buying rate for the British Pound falling $1.25 to $172.80.
FX trading jumps on Monday
February 1, 2016 by
