J$ continues to gain on Wednesday

The Jamaican dollar continues to made gains against the major currencies on Wednesday as purchases of all currencies by dealers ended at US$32,011,020 equivalent, compared with US$32,466,669, on Tuesday and selling of the equivalent of US$35,962,081 versus US$53,440,863 on the previous trading day.
In US dollar trading, dealers bought US$30,387,092 compared to US$27,214,911 on Tuesday. The buying rate for the US dollar rose 2 cents to $114.98 and US$34,263,115 was sold versus US$50,104,155 on Tuesday, the selling rate fell 3 cents to end at $115.48 The Canadian dollar buying rate dropped 74 cents to $88.86 with dealers buying C$614,839 and selling C$537,751, at an average rate that advanced 36 cents to $91.42. The rate for buying the British Pound dipped $1.75 to $170.91 for the purchase of £694,383, while £517,462 was sold, at an average rate of $173.51, for a decline of 29 cents. At the end of trading it took J$123.68 to purchase the Euro, $1.62 less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.24 for a decline of $1.64 from Tuesday . Other currencies bought, amounted to the equivalent of US$116,629 while the equivalent of US$495,771, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 10 cents to $115.65, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dived $16.78, to end at $96.22. The highest buying rate for the Canadian dollar rose 40 cents to $92, the lowest buying rate fell 25 cents to $72.46. The highest selling rate was unchanged at $94 and the lowest selling rate declined by 60 cents to $87. The highest buying rate for the British Pound, dropped 5 cents to $174.05. The lowest buying rate dropped 20 cents to $139.61, the highest selling rate dipped $1.24 to $179 and the lowest selling rate fell 25 cents to $168.20.