J$ mostly gains on Tuesday

Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping against the US dollar but rising versus the rest. Volumes slipped back from the high levels of the past two trading days to more normal levels on Tuesday.
The market ended with dealers buying the equivalent of US$28,345,738 and selling US$37,733,784, in contrast with US$44,518,271 purchased and US$47,139,125 sold on Monday.
In US dollars trading, dealers bought US$24,911,761 compared to US$40,700,061 on Monday, with the buying rate for the US dollar declining 10 cents to $121.13. A total of US$36,231,245 was sold versus US$44,798,976 on Monday as the selling rate climbed 5 cents to $121.90. The Canadian dollar buying rate climbed 63 cents to end at $87.80 with dealers buying C$1,157,694 and selling C$549,737, at an average rate that fell 49 cents to $89.71. The rate for buying the British Pound slipped 21 cents to $169.15 for the purchase of £1,693,738, while £595,863 was sold, the rate fell 52 cents to $171.41. At the end of trading, the selling rate for Euro, fell 30 cents to close at J$133.84, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.16 for a fall of 41 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$229,731 being bought, while US$260,107 was sold.

Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a fall of $1.70 in the highest buying rate for the Canadian dollar that ended at $91.30, the lowest selling rate dropped $1.70 to $84.50, the highest buying rate for the British Pound gained 75 cents to $174.25 and the lowest buying rate jumped 83 to end at $137.95 and the highest selling rate fell 86 cents to $179.50.