J$ gains value on Monday

The Jamaican dollar gained ground on Monday against the US and Canadian dollars and the Pound as dealers bought the equivalent of US$38,566,283 compared with US$31,243,493 on Friday, while they sold the equivalent of US$33,558,404 versus US$30,952,352 previously.
In US dollar trading, dealers bought US$35,549,329 compared to US$27,235,624 on Friday. The buying rate for the US dollar declined 11 cents at $115.96 and US$31,984,474 was sold versus US$28,289,318 on Friday, the selling rate fell 1 cent to $116.65. The Canadian dollar buying rate dropped $1.28 to $92.38 with dealers buying C$942,773 and selling C$649,533, at an average rate that fell 2 cents to $95.08. The rate for buying the British Pound gained 22 cents to $181.15 for the purchase of £1,348,215, while £578,473 was sold, at an average rate that dropped $2.09 to $184.57. At the end of trading, it took J$132.16 to purchase the Euro, 74 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.53 for 62 cents less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$159,912, while the equivalent of US$129,218 was sold.
Highs & Lows| The highest buying rate for the US dollar climbed $2.31 to $120.51 the lowest buying rate rose $2.61 to $95.61, the highest selling rate remained at $122.52 and lowest selling rate lost 25 cents $95.36. The highest buying rate for the Canadian dollar declined 30 cents to $95.20, the lowest buying rate ended 53 cents higher at $75.65. The highest selling rate was up 27 cents to $98.17 and the lowest selling rate fell 60 cents to $91.15. The highest buying rate for the British Pound, dipped 47 cents to $184.60, the lowest buying rate dropped 83 cents to $148.24, with the highest selling rate falling $1.07 to $191.10 and the lowest selling rate eased $1 to $178.60.