J$ gains on strong flows Wednesday

The Jamaican dollar gained value against the three main currencies it normally trades against, in Wednesday’s foreign exchange trading. The total value of currencies traded while down from the heavy trades in the previous three days, was still relatively high on Christmas eve, with more than US$42 million.
Overall there was buying of the equivalent of US$46,285,377 versus US$51,072,479 on Tuesday, and selling of the equivalent of US$42,969,928 compared to US$68,959,488 on Tuesday. In US dollar trading, dealers bought US$42,996,967 compared to US$45,621,979 on Tuesday. The buying rate for the US dollar rose 7 cents to $113.99 and US$41,082,846 was sold versus US$66,949,150 on Tuesday with the selling rate falling 3 cents to $114.54. The Canadian dollar buying rate lost 34 cents to $95.64 with dealers buying C$1,522,032 and selling C$877,928, at an average selling rate that fell 14 cents, to $97.63. The rate for buying the British Pound declined 43 cents to $175.68 for the purchase of £1,183,049, while £516,953 was sold, the rate eased 41 cents to $177.23. At the end of trading it took J$139.51 to purchase the Euro, 89 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.63, for a decline of $3.22. Other currencies bought, amounted to the equivalent of US$188,078 while the equivalent of US$338,918, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.02 to $115.87, the lowest buying rate closed 25 cents lower at $93.52 and highest selling rate fell 21 cents to $120.16. The lowest selling rate remained unchanged at $93.94. The highest buying rate for the Canadian dollar dipped 80 cents to $99. The lowest buying rate fell 67 cents to $77.85. The highest selling rate fell 11 cents to $101.22 and the lowest selling rate slipped 75 cents to $93.80. The highest buying rate for the British Pound, rose 20 cents to $179. The lowest buying rate fell $1.87 to $142.14, the highest selling rate declined by $4.02 to $181.73 and the lowest selling rate fell $2.10 to $171.25.