Purchases by dealers of foreign currencies on Monday, resulted in the Jamaican currency gaining value against the three main traded currencies. The market closed with dealers buying the equivalent of US$30,317,785 in contrast to US$35,830,362 on Friday, while they sold the equivalent of US$30,785,180, previously US$29,735,446.
In US dollar trading , dealers bought US$27,517,864 compared to US$30,913,429 on Friday. The buying rate for the US dollar fell 21 cents to $116.54 and US$29,516,249 was sold versus US$27,672,147 on Friday, the selling rate fell 6 cents to $117.36. The Canadian dollar buying rate dropped $1 to $87.05 with dealers buying C$1,352,247 and selling C$581,188, at an average rate that fell 
79 cents to $89.59. The rate for buying the British Pound dropped $1.07 to $179.64 for the purchase of £1,085,262, while £403,305 was sold, at an average rate that slipped 56 cents to $182.49. At the end of trading, it took J$129.73 to purchase the Euro, with an increase of $1.50 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.06 for a rise of $1.34 from Friday. Other currencies bought, amounted to the equivalent of US$117,139, while the equivalent of US$198,106 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.55, the lowest buying, the highest and lowest 
selling rates remained at $96.15, $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar jumped $1 to $91. The lowest buying rate rose 62 cents to $72.21, the highest selling rate leapt $3.50 to $96.50 and the lowest selling rate remained at $87. The highest buying rate for the British Pound, eased 10 cents to $183.20, the lowest buying rate rose 33 cents to $147.74, with the highest selling rate rising 43 cents to $190.46 and the lowest selling rate falling $1.70 to $178.
J$ gained value on Monday
August 3, 2015 by
