Buying exceeds selling | Trading in the foreign exchange market saw the equivalent of US$33.2 million being purchased and US$30.05 million were sold.
USD | The selling rate for the US dollar, however, slipped from Monday’s close to end at J$99.036 as US$28.5 million were sold and US$30.4 million were bought at J$98.4952, slightly lower than Monday’s buying rate of J$98.428. The highest selling rate for the US dollar remains over J$104 while the lowest is at $81.16 and the highest buying rates ended at J$99.17 and the lowest JS$81.33.
GBP | Sale to authorized dealers of pound sterling amounted £1.34 million at an average of J$148.51 (Monday was J$147.63) while dealers sold £0.64 million at an average of J$150.74 compared to Monday when it was sold at J$151.36. The Pound was sold at a high of $156.92 and a low of $146.45, the highest buying price was J$151 and the lowest buying was at J$121.72.
CAD $ | Can$0.673 million were bought at an average of J$94.54 lower that the J$94 it averaged out on Monday. The amount sold was Can$0.337 million at an average rate of J$97.07 lower than Monday’s rate of J$96.3. The Canadian dollar was bought at a high of J$96.80 and a low of $77.44 and was sold at a high of J$99.83 and a low of J$92.40.
