J$ holds firm v US on Monday

Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar holding value against the US dollar on Monday but falling against the Pound and rising versus Canadian. The market ended with dealers buying the equivalent of US$55,938,398 and selling US$42,243,409, in contrast to US$43,527,882 purchased and US$36,684,327 sold on Friday.
In US dollars trading, dealers bought US$52,402,992 compared to US$39,284,534 on Friday, with the buying rate for the US dollar falling 2 cents to $121.46. A total of US$40,586,538 was sold versus US$34,523,089 on Friday as the selling rate remained unchanged at $122.03. The Canadian dollar buying rate lost 35 cents to end at $88.38 with dealers buying C$1,376,828 and selling C$587,689, at an average rate that fell 87 cents to $90.82. The rate for buying the British Pound climbed 85 cents to $170.89 for the purchase of £1,685,921, while £723,740 was sold, the rate rose 83 cents to $173.04. At the end of trading, the selling rate for Euro, climbed 18 cents to close at J$136.17, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.53 for a rise of 32 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$161,443 being bought, while US$193,250 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Monday are, a fall of $18.22 in the lowest selling rate of the US dollarto end at $99.78 a fall of $1 in the lowest selling rate of the Canadian dollar that closed at $86.20 and a fall of $1 in the highest buying rate of the British Pound that landed at $174.70 and a rise of $1.10 in the lowest selling rate to $167.