FX Trading levels elevated on Monday

The Jamaican dollar gained value against the three main currencies it normally trades against, in Monday’s foreign exchange trading. The total value of currencies traded was elevated to $67 million, being bought by dealers and selling of $54 million.
Overall there was buying of the equivalent of US$67,262,829 versus US$52,174,458 on Friday, and selling of the equivalent of US$54,210,527 compared to US$44,651,307 on Friday. In US dollar trading, dealers bought US$61,524,538 compared to US$46,132,454 on Friday. The buying rate for the US dollar fell 1 cent to $114.09 and US$51,640,183 was sold versus US$41,961,857 on Friday with the selling rate falling 5 cents to $114.54. The Canadian dollar buying rate dropped $1.21 to $95.87 with dealers buying C$2,284,502 and selling C$1,182,905, at an average selling rate that fell 70 cents, to $98.07. The rate for buying the British Pound declined $1.29 to $176.35 for the purchase of £2,231,964, while £781,835 was sold, the rate eased 68 cents to $178.38. At the end of trading it took J$140.52 to purchase the Euro, $1.30 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.92, for an increase of 82 cents. Other currencies bought, amounted to the equivalent of US$368,867 while the equivalent of US$339,934, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $114.85, the lowest buying and highest selling rates closed unchanged at $93.94 and $120.37 respectively, the lowest selling rate fell $1 to $110. The highest buying rate for the Canadian dollar rose 20 cents to $99.50. The lowest buying rate rose 33 cents to $78.85. The highest selling rate declined 78 cents to $101.22 and the lowest selling rate eased 5 cents to end at $94.55. The highest buying rate for the British Pound, climbed $5.65 to $185.65. The lowest buying rate rose 8 cents to $144.09, highest selling rate increased $2.81 to $185.65 and the lowest selling rate lost 15 cents to $173.35.