J$ made modest gains vs US on Monday

The Jamaican dollar gained modestly against the US on Monday as trading ended with the equivalent of US$37,071,417 bought by dealers, compared with US$31,852,692 on Friday, while they sold the equivalent of US$38,611,906, versus US$28,523,499 previously.
In US dollar trading , dealers bought US$34,186,451 compared to US$29,664,276 on Friday. The buying rate for the US dollar fell 13 cents to $118.05 and US$35,640,829 was sold versus US$27,412,881 on Friday, the selling rate slipped 1 cent to close at $118.81 The Canadian dollar buying rate fell 65 cents to $86.90, with dealers buying C$1,201,346 and selling C$2,466,912, at an average rate that rose 11 cents to $90.43. The rate for buying the British Pound fell $1.11 to $180.73 for the purchase of £1,155,490, while £591,450 was sold, at an average rate that rose 25 cents to end at $184.36. At the end of trading, it took J$135.18 to purchase the Euro, a rise of 79 cents on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.44, for an increase of 69 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$231,560 being bought, while US$175,719 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 5 cents to $119.05 on Monday. The lowest buying rate and the highest selling rate remained at $97.28 and $124.66 respectively, while the lowest selling rate dropped $18.02 to $97.28. The highest buying rate for the Canadian dollar dropped 20 cents to $90.10, the lowest buying rate added 75 cents to end at $72.38, the highest selling rate rose 21 cents to end at $93.30 and the lowest selling rate fell $1.20 to close at $85.50. The highest buying rate for the British Pound, rose 35 cents to $185, the lowest buying rate gained $1.08 to $149.07, the highest selling rate jumped $2.56 to $192.17 and the lowest selling rate was unchanged at $177.50.