Healthy flows but J$ slips Tuesday

On Tuesday, the Jamaican dollar slipped slightly against the US dollar and aggressively against the British pound and Canadian dollar as purchases of all currencies by dealers amounted to the equivalent of US$37,319,246 compared with US$51,284,150, on Monday and selling of the equivalent of US$36,844,761 versus sale of US$40,876,396, previously.
In US dollar trading, dealers bought US$32,364,099 compared to US$46,738,177 on Monday. The buying rate for the US dollar rose 10 cents to $115.46 and US$33,685,585 was sold versus US$38,332,897 on Monday, the selling rate was up 6 cents to $115.92. The Canadian dollar buying rate rose $1.22 to $95.20 with dealers buying C$2,449,582 and selling C$2,136,624, at an average rate that rose 49 cents to $95.85. The rate for buying the British Pound increased $2.43 to $177.76 for the purchase of £1,333,135, while £480,156, was sold, at an average rate that rose $1.79 to $180.15. At the end of trading it took J$129.20 to purchase the Euro, 77 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.71 for a fall of 71 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$882,881, while the equivalent of US$646,260, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 2 cents to $116.12. The lowest buying rate dropped $4.11 to $90.50 and highest selling rate remained at $121.44, while the lowest selling rate declined $18.69 to $94.61. The highest buying rate for the Canadian dollar rose 90 cents to $96.65. The lowest buying rate was unmoved at $75.86, the highest selling rate dropped 62 cents $98.14 and the lowest selling rate climbed 30 cents to $91.70. The highest buying rate for the British Pound, climbed $1.35 to $182, the lowest buying rate remained at $141.10, the highest selling rate rose $2.17 to $185.39 with the lowest selling rate rising $3.50 to $173.50.