Purchases by dealers of foreign currencies on Wednesday, resulted in the local currency making gains against the US dollar and Canadian dollar but slipping versus the Pound. The market closed with dealers buying the equivalent of US$45,948,406 in contrast to US$29,303,005 on Tuesday, while they sold the equivalent of US$41,243,978, previously US$35,523,262.
In US dollar trading , dealers bought US$39,742,034 compared to US$26,034,284 on Tuesday. The buying rate for the US dollar rose 8 cents to $116.80 and US$40,033,973 was sold versus US$33,110,856 on Tuesday, the selling rate declined 1 cent to $117.37. The Canadian dollar buying rate jumped 57 cents to $88.71 with dealers buying C$1,313,542 and selling C$522,559, at an average rate 
that fell 19 cents to $90.29. The rate for buying the British Pound rose 62 cents to $180.68 for the purchase of £2,382,309, while £434,139 was sold, at an average rate that climbed 81 cents to $182.57. At the end of trading, it took J$129.56 to purchase the Euro, with a gain 83 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.89 for a rise of 78 cents from Monday. Other currencies bought, amounted to the equivalent of US$1,523,669, while the equivalent of US$132,715 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 2 cents to $117.50, the lowest buying and the highest selling rates 
remained at $96.15 and $123.21 respectively, the lowest selling rate fell 5 cents to $114.95. The highest buying rate for the Canadian dollar fell $1 to $91. The lowest buying rate rose 25 cents to $71.80, the highest selling rate jumped $2 to $95 and the lowest selling rate rose 70 cents to $87.20. The highest buying rate for the British Pound, rose $1.30 to $184.50, the lowest buying rate climbed 25 cents to $147.16, with the highest selling rate rising $3.18 to $189.71 and the lowest selling rate rose $1.50 to $178.50.
J$ make gains on Wednesday
July 29, 2015 by
