Monday, 23rd September 2013 | The Jamaican dollar started the week selling at $102.86 up just a cent to one United States dollar while buying took place at JS$102.30 down 4 cents from Friday as dealers bought US$39.94 million and sold just $33.5 million.
The Canadian, which was sold for $99.75 at the end of last week, was selling for an average of JS$99.86 today up by 11 cents as C$693,259 was sold and C$1.2 million was purchased at 28 cents less and closing at $97.94. The Pound moved up to $165.65 up by 31 cents as £905,885 was sold and £2.37 million was bought at an average of $162.65 an increase of 21 cents for the day.
A total of US$45.15 million was purchased and $36 million sold of all currencies that traded. This was actually a better day of inflows and less outflows than last week Monday.
Dealers purchased the US dollar for 5 cents more than on Friday for the highest rate which moved to $103.80. The lowest buying rate moved up to $84.50 an increase of 16 cents. Selling took place unchanged at $108.28 at the high and as low as $84.34, a decrease of $15.66 at the low end.
At the end of the day, the highest rate dealers bought the Canadian dollar was 55 cents less at $100.45 but they paid just 29 cents more as the lowest rate moved to $80.80. Selling took place at $104.16 or 43 cents off for the highest selling rate and sold as low as $97.05 and decrease of 35 cents.
The British Pound highest buying rate increased $1.20 over Friday to reach $166.70 but they paid as low as $133.46, which was 46 cents down at the end of the day; selling took place at 58 cents less for the high of $172.06 and sold as low as $133.46 a fall of $24.34.
