J$ gains with US$12m excess bought

In Monday’s forex trading, authorized dealers bought the equivalent of US$12 million more than they sold. on Friday they also bought more funds than they sold as well. Dealers bought the equivalent of US$51,429,049 versus US$33,052,457 on Friday, and sold the equivalent of US$39,296,236 compared to US$30,402,196 on Friday.
In US dollar trading, dealers bought US$43,033,837 compared to US$28,114,105 on Friday. The buying rate for the US dollar rose 3 cents to $112.14 and US$32,941,586 was sold versus US$27,347,731 on Friday, the selling rate declined 8 cents to $112.74. The Canadian dollar buying rate fell 30 cents to $101.82 with dealers buying C$2,035,503 and selling C$2,162,384, the selling rate rose 38 cents to $103.69.The Pound closed at $187.33, for the purchase of £3,801,319 as the rate rose $1.24 while £2,552,009 was sold, as the rate was up by 17 cents to $188.27. Other currencies bought, amounted to the equivalent of US$197,287 while selling was the equivalent of US$104,115.
Highs & Lows| The highest buying rates for the US dollar rose by 90 cents to $114, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively and the lowest selling rate was down by $18.15 to $91.85. The highest buying rate for the Canadian dollar, rose by 40 cents to $103.70 and the lowest buying rate was up 12 cents to $81.88. The highest selling rate gained 82 cents to $106.50 and the lowest selling rate dropped by $10.90 to $87.75. The highest buying rate for the British Pound declined $1.65 to $188.55, the lowest buying rate was unchanged at $150.48. The highest selling rate rose $2.14, to $193.99 and lowest selling rate was unchanged at $181.30.