J$ almost firm vs US on Tuesday

US$ bungle Trading of foreign currencies in Jamaica’s foreign exchange market saw US$6 million more funds flowing out of the market than the amount that entered on Tuesday leading to slippage in the rate for the Jamaican dollar against the US and the Canadian dollars. At the close of trading, the equivalent of US$38,773,432 was bought by dealers, compared with US$40,009,733 on Monday, while they sold the equivalent of US$32,724,247 versus US$32,908,156 previously.
In US dollar trading , dealers bought US$33,795,098 compared to US$36,075,775 on Monday. The buying rate for the US dollar rose 13 cents to $119.32 and US$30,120,276 was sold versus US$30,594,536 on Monday, the selling rate gained 1 cent to end at $119.87.FX sum 24-11-15 The Canadian dollar buying rate rose 75 cents to end at $88.20 with dealers buying C$2,410,829 and selling C$2,031,958, at an average rate that gained 68 cents to $89.59. The rate for buying the British Pound rallied by $2.17 to $179.60 for the purchase of £2,018,586, while £659,747 was sold, with the rate falling 30 cents to $180.57. At the end of trading, it took J$127.28 to purchase the Euro, a fall of 70 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.66 for a decline $1.14 from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$157,681 being bought, while US$91,605 was sold.
Highs & Lows| On Tuesday, the highest buying rate for the US dollar lost 12 cents to $119.98, the lowest buying rate gained 9 cents to $98.66, the highest selling rate remained at $126.42.FX hl 24-11-15 The lowest selling rate rose 9 cents to $98.66. The highest buying rate for the Canadian dollar rose 70 cents to end at $91, the lowest buying rate fell 25 cents to $71.38, the highest selling rate eased 9 cents to at $92.25 and the lowest selling rate ended lower by 40 cents to $85. The highest buying rate for the British Pound, gained 20 cents to end at $182. The lowest buying rate closed 75 cents lower at $144.92, the highest selling rate dropped 96 cents to $186.82 and the lowest selling rate rose 50 cents to end at $174.

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