Purchases by dealers of foreign currencies on Tuesday, resulted in the local currency making gains against the US dollar, the Pound and Canadian dollar. The market closed with dealers buying the equivalent of US$29,303,005 in contrast to US$41,158,446 on Monday, while they sold the equivalent of US$35,523,262, previously US$39,225,307.
In US dollar trading , dealers bought US$26,034,284 compared to US$37,809,382 on Monday. The buying rate for the US dollar rose 1 cent to $116.72 and US$33,110,856 was sold versus US$37,741,387 on Monday, the selling rate gained 3 cents to $117.38. The Canadian dollar buying rate jumped 77 cents to $88.14 with dealers buying C$1,355,579 and selling C$1,360,560, at an average rate that moved up 61 cents to $90.48. The rate for buying the British Pound rose 70 cents to $180.06 for the purchase of £1,331,587, while £748,628 was sold, at an average rate that climbed 21 cents to $181.76. There were no new rates quoted by Bank of Jamaica, for the Euro, Other currencies bought, amounted to the equivalent of US$190,720, while the equivalent of US$204,450 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.52, the lowest buying rate climbed $9.35, to $96.15, the highest selling rates was unchanged at $123.21 and lowest selling rate jumped $18.85 to $115. The highest buying rate for the Canadian dollar rose $1.05 to $92. The lowest buying rate rose 17 cents to $71.55, the highest selling rate dropped $3.50 to $93 and lowest selling rate rose 75 cents to $86.50. The highest buying rate for the British Pound, dropped $2.54 to $183.20, the lowest buying rate climbed 66 cents to $146.91, with the highest selling rate falling $2.65 to $186.53 and the lowest selling rate rose 80 cents to $177.
J$ loses against all on Tuesday
July 28, 2015 by
