J$ firm vs US up on others – Wednesday

Trading in Jamaica’s foreign exchange market saw US$4.7 million more funds flowing out of the market than the amount entering on Wednesday but the Jamaican dollar held against the US and gained against others. At the close of trading, the equivalent of US$32,919,431 was bought by dealers, compared with US$38,773,432 on Tuesday, while they sold the equivalent of US$37,604,938 versus US$32,724,247 previously.
In US dollar trading , dealers bought US$30,545,842 compared to US$33,795,098 on Tuesday. The buying rate for the US dollar decline 4 cents to $119.28 and US$35,916,393 was sold versus US$30,120,276 on Tuesday, the selling rate was unchanged at $119.87. The Canadian dollar buying rate fell 73 cents to end at $87.47 with dealers buying C$1,021,907 and selling C$938,883, at an average rate that shed 29 cents to $89.30. The rate for buying the British Pound fell $1.64 to $177.97 for the purchase of £1,041,355, while £499,144 was sold, with the rate falling 98 cents to $179.59. At the end of trading, it took J$127.55 to purchase the Euro, a rise of 27 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.05 for an increase of 39 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$70,476 being bought, while US$241,278 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar rose 12 cents to $120.10, the lowest buying rate was unchanged at $98.66 and the highest selling rate remained at $126.42. The lowest selling rate jumped $18.34 to $117. The highest buying rate for the Canadian dollar rose 40 cents to end at $91.40, the lowest buying rate gained 25 cents to $71.63, the highest selling rate is up 9 cents to at $92.34 and the lowest selling rate ended higher by 50 cents to $85.50. The highest buying rate for the British Pound, dropped $1.50 to end at $180.50. The lowest buying rate increased by 33 cents to $145.25, the highest selling rate dropped $2.69 to $184.23 and the lowest selling rate rose $1 to end at $175.