The J$ sunk to a low of J$114.03 to the US$ on Wednesday
The Jamaican dollar lost value against all the major currencies, on Wednesday. Authorized dealers purchased the equivalent of US$39,925,592 versus US$31,351,075 on Tuesday, and sold the equivalent of US$42,238,712 compared to US$32,316,397 on Tuesday. In US dollar trading, dealers bought US$32,638,029 compared to US$27,498,857 on Tuesday. The buying rate for the US dollar was unchanged at $113.39 and US$36,803,222 was sold versus US$29,712,322 on Tuesday. The selling rate rose 14 cents to $114.03. The Canadian dollar buying rate rose $1.57 to $98.71 with dealers buying C$5,663,098 and selling C$5,213,941, at an average selling rate that put on 14 cents, to $99.18. The rate for buying the British Pound climbed 75 cents to $176.27, for the purchase of £1,344,950, while £469,682 was sold, the rate rose 71 cents to $178.41. At the end of trading it took J$141.49 to purchase the Euro, $1.59 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.75, an increase of $1.71. Other currencies bought, amounted to the equivalent of US$267,212 while the equivalent of US$165,735, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $114.25, the lowest buying, the highest selling and the lowest selling rates were unchanged at $93.52, $119.84 and $111.50 respectively. The highest buying rate for the Canadian dollar slipped 20 cents to end at $99.60. The lowest buying rate closed 12 cents lower, at $79.27. The highest selling rate fell 53 cents to $102.19 and the lowest selling rate dipped 15 cents to $95.50. The highest buying rate for the British Pound, gained 80 cents to $179.80. The lowest buying rate gained 25 cents to $143.59, the highest selling rate fell $2.99 to $181.80 and the lowest selling rate picked up 30 cents to $173.