Buying of foreign currencies were exceeded the amounts sold on Monday by US$3 million. Purchases of all currencies by dealers, translated to US$44,929,592 compared with the US$29,168,659, on Friday and selling amounted the equivalent of US$41,948,561 versus US$30,094,413 sold on Friday.
In US dollar trading, dealers bought US$39,664,531 compared to US$25,360,133 on Friday. The buying rate for the US dollar rose 1 cent to $115.28 and US$39,600,050 was sold versus US$27,840,423 on Friday, the selling rate remained at $115.80. The Canadian dollar buying rate dropped 54 cents to $90 with dealers buying C$1,232,481, and selling C$637,313, at an average rate that dipped 27 cents, to $92.33. The rate for buying the British Pound fell $1.29 to $173.66 for the purchase of £2,659,571, while £983,934 was sold, at an average rate of $176.23, a fall of 31 cents. At the end of trading it took J$131.37 to purchase the Euro, 99 cents lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.81 for a drop of $1.03 from Friday. Other currencies bought, amounted to the equivalent of US$296,630 while the equivalent of US$343,000, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates were unchanged at $115.90, $94.36 and $120.91 respectively. The lowest selling rate dipped $17.15 to $94.35. The highest buying rate for the Canadian dollar rose by 50 cents to $93, the lowest buying rate was unchanged at $73.04. The highest selling rate eased 4 cents to $94.96 and the lowest selling rate was unchanged at $88. The highest buying rate for the British Pound, lost 10 cents to $176.60. The lowest buying rate was unchanged at $141.56, the highest selling rate rose 18 cents to $181.29 and the lowest selling rate declined 55 cents to $170.
J$ holds against US, gains v others
February 9, 2015 by