J$ gains vs US on Wednesday

The Jamaican dollar gained against the US dollar on Wednesday, but fell against the other major currencies it normally trades. Purchases of all currencies by dealers amounted to US$34,504,017 equivalent, compared with US$34,344,124, on Tuesday and selling of the equivalent of US$45,168,279 versus US$48,294,987 on the previous trading day.
In US dollar trading, dealers bought US$30,314,068 compared to US$31,906,901 on Tuesday. The buying rate for the US dollar fell 1 cent to $114.87 and US$41,276,338 was sold versus US$46,253,301 on Tuesday, the selling rate slipped 5 cents to end at $115.29. The Canadian dollar buying rate climbed 96 cents to $88.99 with dealers buying C$1,702,486 and selling C$3,569,193, at an average rate that rose 73 cents to $90.67. The rate for buying the British Pound jumped $2.10 to $169.83 for the purchase of £1,856,918, while £489,603 was sold, at an average rate of $170.16, for a gain of 12 cents. At the end of trading it took J$122.31 to purchase the Euro, 25 cents more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.99 for an increase of 30 cents over Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$125,458 while the equivalent of US$362,331, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched up 3 cents to end at 115.88, the lowest buying rate remained at $93.94. The highest selling rate lost 54 cents to end at $120.37 while the lowest selling rate dropped $16.28, to end at $96.22. The highest buying rate for the Canadian dollar climbed $1.20 to $91.25, the lowest buying rate was unchanged at $71.21 as well as the highest selling rate of $92.50 and the lowest selling rate rose $2 to $87.80. The highest buying rate for the British Pound, dived 95 cents to $173.10. The lowest buying rate remained at $136.45, the highest selling rate fell $5.09 to $173.91 and the lowest selling rate fell $1 to $163.40.