J$ revaluation continues on Monday

The Jamaican dollar had another day of moderate appreciation on Monday, against the major currencies it normally trades with. Purchases of all currencies by dealers ended at US$50,720,161 equivalent, compared with US$31,930,849, on Friday and selling of the equivalent of US$42,249,077 versus US$28,769,520 on the previous trading day.
In US dollar trading, dealers bought US$46,581,763 compared to US$29,615,584 on Friday. The buying rate for the US dollar fell 3 cents to $114.87 and US$40,210,226 was sold versus US$27,744,558 on Friday, the selling rate slipped 1 cent to end at $115.39. The Canadian dollar buying rate fell 9 cents to $88.84 with dealers buying C$1,949,347 and selling C$1,440,218, at an average rate that dropped 28 cents to $90.20 The rate for buying the British Pound climbed 61 cents to $169.28 for the purchase of £1,621,853, while £445,486 was sold, at an average rate of $169.96, for a fall of $1.10. At the end of trading it took J$121.42 to purchase the Euro, $1.17 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.08 for a fall of $1.09 from Friday. Other currencies bought, amounted to the equivalent of US$240,631 while the equivalent of US$256,821, was sold.
Highs & Lows| The highest buying rate for the US dollar, gained 30 cents to end at 115.80, the lowest buying and the highest selling rates remained at $$94.36 and $120.91 respectively. The lowest selling rate fell $1.86, to end at $94.36. The highest buying rate for the Canadian dollar fell $1.70 to $90.30, the lowest buying rate was down 58 cents to $71.55. The highest selling rate lost $1.28 to $92.72 and the lowest selling rate dropped 70 cents to $86.20. The highest buying rate for the British Pound, dived $2.80 to $174.20. The lowest buying rate dropped $2 to $136.20, the highest selling rate rose $2.85 to $182.15 and the lowest selling rate fell $1.90 to $164.10.