J$ mostly gains on Tuesday

Purchases by dealers of foreign currencies on Tuesday, resulted in the Jamaican currency selling rate making gains over the US dollar and the pound sterling but falling against the Canadian. The market closed with dealers buying the equivalent of US$32,658,423 in contrast to US$43,832,057 on Monday, while they sold the equivalent of US$28,334,621, previously US$40,717,404.
In US dollar trading , dealers bought US$29,530,916 compared to US$39,120,041 on Monday. The buying rate for the US dollar rose 6 cents to $117.01 and US$25,844,376 was sold versus US$38,623,639 on Monday, the selling rate fell 18 cents to $117.42. The Canadian dollar buying rate dropped 80 cents to $86.79 with dealers buying C$1,135,297 and selling C$1,400,844, at an average rate that rose $1.72 cents to $90.87. The rate for buying the British Pound rose 74 cents to $182.15 for the purchase of £1,387,419, while £671,699 was sold, at an average rate that fell $2.18 to $181.48. At the end of trading, it took J$136.13 to purchase the Euro, with a rise of $3.06 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.34 for a gain of $3.05 on Monday’s rate. Other currencies bought, amounted to the equivalent of US$125,525, while the equivalent of US$381,403 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 3 cents to $117.88, the lowest buying rate jumped $4.88 to $98.18, the highest selling rate remained at $123.58 and the lowest selling rate dropped $6.97 to $89.22. The highest buying rate for the Canadian dollar fell $1.23 to $88.70, the lowest buying rate declined 37 cents to $70.80 and highest selling rate fell $1.07 to $91.27. The lowest selling rate dropped 45 cents to end at $85.30. The highest buying rate for the British Pound, eased 45 cents to $184.90, the lowest buying rate rose 58 cents to $148.57, the highest selling rate gained 75 cents to $191.53 and the lowest selling rate put on 70 cents to $179.