The Jamaican dollar lost value against the United States dollar and the euro but gained on the Pound and the Canadian dollar on Monday, a day of robust foreign exchange trading.
Overall there was buying of the equivalent of US$56,094,979 versus US$60,517,416 on Friday, and selling of the equivalent of US$47,505,422 compared to US$56,937,674 on Friday. In US dollar trading, dealers bought US$49,500,391 compared to US$56,245,001 on Friday. The buying rate for the US dollar fell 11 cents to $113.65 and US$43,962,004 was sold versus US$44,323,676 on Friday. The selling rate rose 17 cents to $114.29. The Canadian dollar buying rate fell $2.03 to $96.22 with dealers buying C$2,054,639 and selling C$1,104,263, at an average selling rate that lost $1.43, to $98.46. The rate for buying the British Pound climbed 78 cents to $177.31 for the purchase of £2,944,023, while £1,463,435 was sold, the rate fell 86 cents to $178.87. At the end of trading it took J$142.22 to purchase the Euro, 98 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.64, a rise of $1.36. Other currencies bought, amounted to the equivalent of US$261,706 while the equivalent of US$301,699, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.65, the lowest buying rate was unchanged at $93.52. The highest selling rate gained 21 cents to $120.05 and the lowest selling rate fell $1.84 to $93.52. The highest buying rate for the Canadian dollar declined by 70 cents to end at $99. The lowest buying rate closed 38 cents lower, at $78.64. The highest selling rate remained unchanged at $101.91 and the lowest selling rate moved down 45 cents to $94.75. The highest buying rate for the British Pound, lost 15 cents to $179.70. The lowest buying rate closed 21 cents higher at $144.17 and highest selling rate climbed $3.08 to $185.86, the lowest selling rate fell 45 cents to $173.
J$ loses against US & euro Monday
December 15, 2014 by