Purchases by dealers of foreign currencies on Tuesday, resulted in the Jamaican currency gaining value against the British Pound and the Canadian but slips a bit versus the US. The market closed with dealers buying the equivalent of US$45,577,861 in contrast to US$30,317,785 on Monday, while they sold the equivalent of US$43,494,861, previously US$30,785,180.
In US dollar trading , dealers bought US$42,683,998 compared to US$27,517,864 on Monday. The buying rate for the US dollar rose 31 cents to $116.85 and US$41,973,163 was sold versus US$29,516,249 on Monday, the selling rate rose 3 cents to $117.39. The Canadian dollar buying rate dropped 5 cents to $87 with dealers buying C$1,108,307 and selling C$846,984, at an average rate that fell 46 cents to $89.13. The rate for buying the British Pound climbed 60 
cents to $180.24 for the purchase of £1,271,013, while £487,786 was sold, at an average rate that slipped 14 cents to $182.35. At the end of trading, it took J$128.77 to purchase the Euro, with a fall of 96 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.96 for a decline of $1.10 from Monday. Other currencies bought, amounted to the equivalent of US$108,150, while the equivalent of US$120,865 was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 5 cents to $117.50, the lowest buying and the highest rates remained at $96.15 and $123.21 respectively and the lowest selling rate climbed $2.28 to 
$98.43. The highest buying rate for the Canadian dollar dropped $1.70 to $89.30. The lowest buying rate fell $1.29 to $70.92, the highest selling rate declined $3.30 to $93.20 and the lowest selling rate lost $1.55 to $85.45. The highest buying rate for the British Pound, and the highest selling rate remained at $183.20 and $190.46, respectively. The lowest buying rate fell 41 cents to $147.33 and the lowest selling rate declined 50 cents to $177.50.
J$ gains on Canadian & Pound Tuesday
August 4, 2015 by
