The Jamaican dollar lost value against all three major currencies it regularly trades with, on Wednesday. Authorized dealers purchased the equivalent of US$33,277,310 versus US$31,456,476 on Tuesday, and sold the equivalent of US$38,330,838 compared with US$34,496,767 on Tuesday.
In US dollar trading, dealers bought US$28,763,554 compared to US$27,663,380 on Tuesday. The buying rate for the US dollar climbed 2 cents to $112.72 and US$35,577,230 was sold versus US$31,954,441 on Tuesday. The selling rate inched up 9 cents to end at $113.32. The Canadian dollar buying rate fell $1.34 to $97.38 with dealers buying C$1,031,476 and selling C$1,168,977, at an average selling rate that was up 78 cents, to $100.39. The rate for buying the British Pound gained $1.40 to $175.86, for the purchase of £1,888,280, while £771,755 was sold, at $177.80, up $1.36. Other currencies bought, amounted to the equivalent of US$676,80, while the equivalent of US$507,080, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 4 cents higher at $113.49, the lowest buying rate was unchanged at $92.69. The highest selling rate was up 21 cents to $118.98 but the lowest selling rate rose $16.66 to $111. The highest buying rate for the Canadian dollar was unchanged at $100.20, and so was the lowest buying rate that ended at $79.85, the highest selling rate closed 21 cents higher at $102.93. The lowest selling rate rose 20 cents to $96.20. The highest buying rate for the British Pound, dipped $1.25 to $177.50. The lowest buying rate and the lowest selling rate remained unchanged at $142.26 and $171.40 respectively. The highest selling rate moved down $3.45 to $182.20.
J$ gains loses value on Wednesday
November 19, 2014 by
