In Wednesday’s trading the Jamaican currency slipped against all three major currencies that Jamaica trades in. On Wednesday, dealers bought the equivalent of $29,964,712 versus US$29,935,750 on Tuesday and sold the equivalent of US$26,521,292 compared to US$29,376,851 sold on Tuesday.
In US dollar trading, dealers bought US$25,992,810 compared to US$26,382,733 on Tuesday as the buying rate for the US dollar, fell 13 cents to $112.03 and sold US$24,271,674 versus US$26,303,408 on Tuesday, with the rate rising 7 cents to $112.64. The Canadian dollar buying rate climbed $1.03, to $103.57 with dealers buying C$835,190 and selling C$673,642 as the rate rose 30 cents, to $105.14.
The Pound closed at $191.07, for the purchase of £1,827,067, the rate rose 59 cents, while £771,646 was sold, with the rate rising by 20 cents, to $193.04. Other currencies bought, amounted to the equivalent of US$83,624 while selling was the equivalent of US$298,430.
Highs & Lows| The highest rate for buying the US dollar was up 90 cents to $114, the lowest buying and the highest selling rates remained unchanged at $92.02 and $117.91 respectively, the lowest selling rate jumped $18.09 cents to $110.10. The highest buying rate for the Canadian dollar rose by $1, to $106 and the lowest buying rate was up 5 cents, to $83.42, the highest selling rate was unchanged at $107.48 and the lowest gained 5 cents to $100.50.
The highest buying rate for the British Pound, was slipped 60 cents to $193.60, while the lowest buying was unchanged at $154.38 and the highest selling rate declined by $2.09 to $196.93, the lowest selling rate was up by 50 cents at $186.50.
J$ gives up some ground on Wednesday
July 16, 2014 by
