the Jamaican dollar gained in value on Monday against the three major currencies it trade in. Purchases of all currencies by dealers amounted to US$47,429,215 compared with the US$41,792,863, on Friday and selling of the equivalent of US$48,069,553 versus US$42,252,844 on the prior trading day.
In US dollar trading, dealers bought US$43,879,394 compared to US$36,360,074 on Friday. The buying rate for the US dollar lost 6 cents to end at $115.09 and US$46,156,443 was sold versus US$39,309,385 on Friday, the selling rate fell 4 cents to $115.60 The Canadian dollar buying rate dropped $1.83 to $90.21 with dealers buying C$1,489,297, and selling C$732,910, at an average rate that fell 61 cents to $92.03. The rate for buying the British Pound dipped $1.43 to $175.28 for the purchase of £1,417,030, while £477,617 was sold, at an average rate of $177.36, down $1.27. At the end of trading it took J$129.71 to purchase the Euro, 9 cents up from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.22 for a 6 cents less than on Friday. Other currencies bought, amounted to the equivalent of US$224,205 while the equivalent of US$596,841, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 20 cents to $116, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dropped 17 cents to $96.22. The highest buying rate for the Canadian dollar dived $3.20 to $93, the lowest buying rate fell $1.37 to $71.88. The highest selling rate fell $2.95 to $94.05 and the lowest selling rate fell 65 to $86.60. The highest buying rate for the British Pound, dropped $4.10 to $174. The lowest buying rate fell $3.44 to $139.44, the highest selling rate lost $2.10 to $179.76 and the lowest selling rate declined $4.45 to $167.70.
J$ gains against all on Monday
March 2, 2015 by
