J$ hits landmark record low vs US

FX_USPound2 The selling rate for the Jamaican dollar fell to a new all-time low of 118.02 to buy the US dollar on Wednesday. Purchases by dealers of foreign currencies on Wednesday, resulted in the Jamaican currency selling rate slipping against the US and the Canadian dollars while making gains against the British Pound.
The market closed with dealers buying the equivalent of US$31,823,526 in contrast to US$28,520,235 on Tuesday, while they sold the equivalent of US$35,037,208, previously US$33,369,834. In US dollar trading , dealers bought US$28,564,957 compared to US$26,230,782 on Tuesday. The buying rate for the US dollar rose 13 cents to $117.36 and US$33,039,394 was sold versus US$31,982,978 on Tuesday, the selling rate gained 9 cents to break into the 118 level for the first time when it closed at $118.02. FX sum 2-9-15The Canadian dollar buying rate rose 18 cents to $87.35, with dealers buying C$1,478,986 and selling C$1,046,668, at an average rate that climbed 30 cents to $88.95. The rate for buying the British Pound rose 20 cents to $178.20 for the purchase of £1,215,513, while £541,495 was sold, at an average rate that fell $1.02 to end at $179.36. At the end of trading, it took J$132.77 to purchase the Euro, with a rise of 71 cents on Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130, an increase of 67 cents on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$312,158, while the equivalent of US$386,017 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 3 cents to $118.48, the lowest buying and the highest selling rates remained at $96.53 and $123.69 respectively. FX H&L 2-9-15The lowest selling rate gained 16 cents to $98.26. The highest buying rate for the Canadian dollar added 55 cents to $89.85, the lowest buying rate rose 42 cents to $70.97 and highest selling rate remained at $92. The lowest selling rate rose 20 cents to end at $85.20. The highest buying rate for the British Pound, rose $1.32 to $181.82, the lowest buying rate fell 75 cents to $145.08, the highest selling rate dropped 96 cents to $187.04 and the lowest selling rate declined by $1.60 to $173.40.

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