Trading picked up in the Jamaican foreign exchange market on Wednesday over the low level on Tuesday but is still below the levels expected for this time of the year with dealers buying the equivalent of US$30,144,415 and sold US$32,965,153, compared with US$24,412,348 purchased and US$31,030,871 sold on Tuesday.
In US dollars trading, dealers bought US$25,692,915 compared to US$21,172,486 on Tuesday with the buying rate for the US dollar rising 13 cents to $120.13. A total of US$27,660,961 was sold versus US$28,937,052 on Tuesday as the selling rate climbed by 16 cents to $121.01. The Canadian dollar buying rate rose 36 cents to end at $82.20 with dealers buying C$3,486,562 and selling C$5,149,341, at an average rate that rose 53 cents to $83.58. 
The rate for buying the British Pound rose 67 cents to $168.57 for the purchase of £1,239,163, while £618,561 was sold, with the rate gaining 34 cents to $169.94. At the end of trading, it took J$131.71 to purchase the Euro, for a rise of 34 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.82 for a climb of 67 cents from Tuesday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$327,100 being bought, while US$878,629 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise in the highest buying rate of the British Pound, that rose by 90 cents to $173.10 and a drop of $3.31 in the highest selling rate to $175.27.
Inflows of FX pick up on Wednesday
January 20, 2016 by
