Purchases by dealers of foreign currencies on Monday, resulted in the Jamaican currency was stable versus the US and gained against the British Pound but slipped versus the Canadian. The market closed with dealers buying the equivalent of US$60,881,491 in contrast to US$34,870,069 on Friday, while they sold the equivalent of US$47,409,801, previously US$29,135,013.
In US dollar trading , dealers bought US$55,326,993 compared to US$31,870,265 on Friday. The buying rate for the US dollar rose 19 cents to $116.83 and US$45,378,025 was sold versus US$27,464,923 on Friday, the selling rate remained at $117.36. The Canadian dollar buying rate declined 38 cents to $87.11 with dealers buying C$2,036,937 and selling C$1,012,104, at an average rate that 
rose 18 cents to $89.08. The rate for buying the British Pound rose 14 cents to $179.45 for the purchase of £2,314,933, while £574,033 was sold, at an average rate that fell 72 cents to $181.46. At the end of trading, it took J$128.39 to purchase the Euro, with a rise of 83 cents on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.68 for a rise of 95 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$479,894, while the equivalent of US$375,955 was sold.
Highs & Lows| There were no changes to the highest and lowest trading 
rates for the US dollar, on Monday, with the rates remaining at $117.60, $96.15, $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar rose 45 cents to $89.90. The lowest buying rate remained a $70.63, the highest selling rate fell $2.24 to $91.26 and the lowest selling rate declined 80 cents to $85.20. The highest buying rate for the British Pound, declined $1.40 to $182.70, the lowest buying rate declined $1.29 to $146.20, the highest selling rate dropped $1.66 to $188.48 and the lowest selling rate dropped $27.72 to $149.73.
J$ makes gains on Monday
August 10, 2015 by
