Purchases by dealers of foreign currencies on Monday, resulted in the Jamaican currency selling rate making gains over the three main currencies it trades against.
The market closed with dealers buying the equivalent of US$43,832,057 in contrast to US$29,147,230 on Friday, while they sold the equivalent of US$40,717,404, previously US$33,299,425. In US dollar trading, dealers bought US$39,120,041 compared to US$26,569,760 on Friday. The buying rate for the US dollar rose 3 cents to $116.95 and US$38,623,639 was sold versus US$31,467,220 on Friday, the selling rate fell 1 cent to $117.60. The Canadian dollar buying rate rose 13 cents to $87.59 with dealers buying C$2,170,084 and selling C$1,642,699, at an average rate that fell 60 cents to $89.15. The rate for buying the British Pound declined 9 
cents to $181.41 for the purchase of £1,848,090, while £391,466 was sold, at an average rate that fell 41 cents to $183.66. At the end of trading, it took J$133.07 to purchase the Euro, with a rise of $1.45 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.29 for a gain of $1.30 on Friday’s rate. Other currencies bought, amounted to the equivalent of US$220,050, while the equivalent of US$237,187 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.85, the lowest buying rate fell $2.89 to $93.30, the highest selling rate climbed 32 cents to $123.58 and the lowest selling rate remained unchanged at $96.19. 
The highest buying rate for the Canadian dollar fell $1.07 to $89.93, the lowest buying rate declined 46 cents to $71.17 and highest selling rate was unchanged at $92.34. The lowest selling rate dropped $1.05 to end at $85.75. The highest buying rate for the British Pound, rose 75 cents to $185.35, the lowest buying rate fell 8 cents to $147.99, the highest selling rate shed 11 cents to $190.78 and the lowest selling rate declined by 70 cents to $178.30.
J$ recovers value on Monday
August 24, 2015 by
