J$ gains against all – Monday

There was more buying of foreign currencies than selling for the second day running leading to the Jamaican dollar gaining ground on Monday against all main currencies. Purchases of all currencies by dealers, translated to US$44,621,999 compared with the US$51,909,364, on Friday and selling amounted the equivalent of US$39,191,588 versus US$44,032,835 sold on Friday.
In US dollar trading, dealers bought US$41,625,677 compared to US$46,629,667 on Friday. The buying rate for the US dollar fell 17 cents to $115.36 and US$37,401,869 was sold versus US$41,752,070 on Friday, the selling rate fell 3 cents to $115.78. The Canadian dollar buying rate declined $2.11 to $89.01 with dealers buying C$1,518,060, and selling C$713,161, at an average rate that dropped 82 cents, to $91.06. The rate for buying the British Pound dropped $1.42 to $171.23 for the purchase of £1,067,484, while £699,167 was sold, at an average rate of $173.77, after falling $1.07. At the end of trading it took J$130.69 to purchase the Euro, 62 cents lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.41 for a fall of 64 cents from Friday. Other currencies bought, amounted to the equivalent of US$240,496 while the equivalent of US$179,478, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $116. The lowest buying and the highest selling rates were unchanged at $94.36 and $120.91 respectively. The lowest selling rate dropped $16.88 to $96.22. The highest buying rate for the Canadian dollar fell $1 to $93, the lowest buying rate eased $1.08 to $71.88. The highest selling rate fell $1.85 to $94.05 and the lowest selling rate dropped $1.80 to $86.60. The highest buying rate for the British Pound, dipped $1 to $174. The lowest buying rate eased 62 cents to $139.44, the highest selling rate lost 80 cents to $179.76 and the lowest selling rate dropped $2.30 to $167.70.