J$ firm vs US dollar on Wednesday

Sale of all currencies by dealers exceeded the amounts bought by US$2 million on Wednesday as the Jamaican dollar slipped against the British Pound and the Canadian dollar but held firm against the US dollar. Dealers bought the equivalent of US$26,615,499 compared with US$33,963,876, on Tuesday while they sold the equivalent of US$28,759,140 versus US$37,019,836 previously.
In US dollar trading, dealers bought US$23,232,481 compared to US$29,012,318 on Tuesday. The buying rate for the US dollar declined by 19 cents at $115.55 and US$26,875,275 was sold versus US$33,329,699 on Tuesday, the selling rate remained at $116.26. The Canadian dollar buying rate slipped 15 cents to $92.56 with dealers buying C$1,291,758 and selling C$740,662, at an average rate that rose $1.15 to $94.99. The rate for buying the British Pound dropped 41 cents to $176.17 for the purchase of £1,496,192, while £617,593 was sold, at an average rate that rose by 46 cents to $178.36. At the end of trading it took J$130.73 to purchase the Euro, 50 cents more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.19 for 52 cents higher than Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$67,275, while the equivalent of US$331,234, was sold.
Highs & Lows| The highest buying rate for the US dollar fell 10 cents to $116.35, the lowest buying rate gained $6.69 to $95.19, the highest selling rate remained unchanged at $121.98, but the lowest selling rate dropped $2.26 to $95.19. The highest buying rate for the Canadian dollar rose $2.09 to $96.39, the lowest buying rate climbed 45 cents to $74.82, the highest selling was up 68 cents at $97.18 and the lowest selling rate rose $1.40 to $91. The highest buying rate for the British Pound, increased $2.05 to $180.75, the lowest buying rate rose 87 cents to $143.01, with the highest selling rate climbing $2.19 to $183.66 and the lowest selling rate rose $2.30 to $174.30.