Purchases by dealers of foreign currencies on Monday, resulted in the Jamaican currency selling rates making gains on all currencies. The market closed with dealers buying the equivalent of US$47,062,033 in contrast to US$29,745,740 on Friday, while they sold the equivalent of US$45,274,288, previously US$28,648,727.
In US dollar trading , dealers bought US$42,791,535 compared to US$27,282,457 on Friday. The buying rate for the US dollar fell 6 cents to $116.77 and US$42,919,455 was sold versus US$27,192,334 on Friday, the selling rate decreased 1 cent to $117.43. The Canadian dollar buying rate fell 14 cents to $87.42 with dealers buying C$1,881,308 and selling C$1,381,874, at an average rate 
that dropped 49 cents to $89.35. The rate for buying the British Pound dropped 34 cents to $180.09 for the purchase of £1,483,662, while £606,987 was sold, at an average rate that dipped 3 cents to $182.43. At the end of trading, it took J$130.49 to purchase the Euro, with a decline of 18 cents on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.86 for a fall of 25 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$573,877, while the equivalent of US$360,399 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 2 cents to $117.58 while the lowest buying and the highest rates were unchanged at 
$96.19 and $123.26 respectively and lowest selling rate rose 4 cents to $96.19. The highest buying rate for the Canadian dollar declined 10 cents to $90. The lowest buying rate lost 17 cents to $71.46, the highest selling rate remained at $92.34 and the lowest selling rate declined 90 cents to $86.10. The highest buying rate for the British Pound, jumped $4.86 to $188.06, the lowest buying rate rose 29 cents to $147.62, the highest selling rate climbed 38 cents to $190.30 and the lowest selling rate fell 15 cents to $177.85.
J$ gains all round on Monday
August 17, 2015 by
