The Jamaican dollar lost value against the US dollar and the British pound but gained moderately against the Canadian dollar, on Monday. Authorized dealers purchased the equivalent of US$46,947,247 versus US$32,044,623 on Friday, and sold the equivalent of US$40,489,087 compared to US$24,934,600 on Friday.
In US dollar trading, dealers bought US$42,320,091 compared to US$27,699,155 on Friday. The buying rate for the US dollar lost 3 cents to $113.19 and US$37,843,073 was sold versus US$22,601,816 on Friday. The selling rate rose 3 cents to $113.82. The Canadian dollar buying rate fell 56 cents to $96.92 with dealers buying C$1,788,250 and selling C$1,065,374, at an average selling rate that erased 17 cents, to $99.38. The rate for buying the British Pound fell 81 cents to $175.41, for the purchase of £1,814,634, while £765,534 was sold, the rate rose 26 cents to $177.99. At the end of trading it took J$139.93 to purchase the Euro according to data from Bank Of Jamaica while dealers purchased at J$137.14. Other currencies bought, amounted to the equivalent of US$283,910 while the equivalent of US$518,653, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.10, the lowest buying and the highest selling rates were unchanged to $93.52 and $119.84 respectively, but the lowest selling rate fell 17 cents at $93.35. The highest buying rate for the Canadian dollar slipped 55 cents to end at $99.95. The lowest buying rate closed 30 cents lower, at $79.63. The highest selling rate remained at $103.04 and the lowest selling rate dipped 30 cents to $96. The highest buying rate for the British Pound, lost 30 cents to $178.20. The lowest buying rate slipped 8 cents to $143.59, the highest selling rate gained $3.24 to $185.22 and the lowest selling rate eased by 10 cents to $173.
J$ loses vs US & Pound on Monday
December 8, 2014 by