In Monday’s forex trading, the Jamaican dollar made gains against all three major intervention currencies, as authorized dealers sold more foreign currency than they purchased. Dealers bought the equivalent of US$41,974,274 versus US$46,365,635 on Friday, and sold the equivalent of US$51,652,857 compared with US$43,946,770 on Friday.
In US dollar trading, dealers bought US$37,126,539 compared to US$41,403,298 on Friday. The buying rate for the US dollar fell 17 cents to $112.25 and US$48,978,690 was sold versus US$39,207,452 on Friday, the selling rate fell a cent to $112.71.The Canadian dollar buying rate dropped 67 cents to $100.91 with dealers buying C$2,267,277 and selling C$1,754,190 at an average selling rate that eased by 34 cents to $102.08. The rate for theBritish Pound rose 90 cents to $181.09, for the purchase of £1,638,207, while £597,521 was sold, the rate eased by 6 cents to $182.91. Other currencies bought, amounted to the equivalent of US$166,545, while selling was for the equivalent of US$115,744.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $113.10, $91.85 and $117.70 respectively. The lowest selling rate dropped by $18.15 to $91.85. The highest buying rate for the Canadian dollar fell $1.40 to $102.10, the lowest buying rate remained unchanged at $80.97. The highest selling rate fell 16 cents to $104.38. The lowest selling declined 70 cents to $96.85. The highest buying rate for the British Pound, the lowest buying and the lowest selling rates were unchanged at $183, $145.25 and $175 respectively. The highest selling rate was up $2.01 to $189.
J$ makes gains against all three
September 15, 2014 by