J$ drops 27 cents vs US on Wednesday

Purchases by dealers of foreign currencies on Wednesday, resulted in the Jamaican currency selling rate slipping against the US dollar and the Pound sterling but rising against the Canadian. The market closed with dealers buying the equivalent of US$28,433,391 in contrast to US$32,658,423 on Tuesday, while they sold the equivalent of US$32,813,136, previously US$28,334,621.
In US dollar trading , dealers bought US$26,458,016 compared to US$29,530,916 on Tuesday. The buying rate for the US dollar rose 4 cents to $117.05 and US$31,311,436 was sold versus US$25,844,376 on Tuesday, the selling rate gained 27 cents to $117.69. The Canadian dollar buying rate dropped 29 cents to $86.50 with dealers buying C$779,846 and selling C$853,019, at an average rate that declined $1.79 to $89.08. The rate for buying the British Pound dropped $1.23 to $180.92 for the purchase of £807,895, while £468,568 was sold, at an average rate that recovered $2.18 to $183.66. At the end of trading, it took J$134.19 to purchase the Euro, with a fall of $1.94 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.52, a decline of $1.83 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$150,253, while the equivalent of US$124,760 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $118, the lowest buying rate fell $2.03 to $96.15, the highest selling rate fell 37 cents to $123.21 and the lowest selling rate rose $6.93 to $96.15. The highest buying rate for the Canadian dollar rose 10 cents to $88.80, the lowest buying rate gained 8 cents to $70.88 and highest selling rate remained at $91.27. The lowest selling rate dropped 30 cents to end at $85. The highest buying rate for the British Pound, eased 40 cents to $184.50, the lowest buying rate rose $1 to $149.57, the highest selling rate dropped $1.25 to $190.28 and the lowest selling rate fell $1.50 to $177.50.