J$ revaluation continues Tuesday

The Jamaican dollar had another day of moderate appreciation on Tuesday, against the major currencies it normally trades except for a slight loss in value against the British pound. Purchases of all currencies by dealers amounted to US$34,344,124 equivalent, compared with US$50,720,161, on Monday and selling of the equivalent of US$48,294,987 versus US$42,249,077 on the previous trading day.
In US dollar trading, dealers bought US$31,906,901 compared to US$46,581,763 on Monday. The buying rate for the US dollar inched up 1 cent to $114.88 and US$46,253,301 was sold versus US$40,210,226 on Monday, the selling rate slipped 5 cents to end at $115.34. The Canadian dollar buying rate fell 81 cents to $88.03 with dealers buying C$870,046 and selling C$723,711, at an average rate that dropped 26 cents to $89.94. The rate for buying the British Pound declined $1.56 to $167.73 for the purchase of £1,094,285, while £670,407 was sold, at an average rate of $170.04, for a gain of 8 cents. At the end of trading it took J$122.06 to purchase the Euro, 58 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.69 for an increase of 61 cents over Monday’s rate. Other currencies bought, amounted to the equivalent of US$172,752 while the equivalent of US$488,979, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched up 5 cents to end at 115.85, the lowest buying rate declined by 42 cents to $93.94. The highest selling rate remained at $120.91 while the lowest selling rate rose $18.14, to end at $112.50. The highest buying rate for the Canadian dollar fell 25 cents to $90.05, the lowest buying rate was down 34 cents to $71.21. The highest selling rate lost 22 cents to $92.50 and the lowest selling rate dropped 40 cents to $85.80. The highest buying rate for the British Pound, dived 15 cents to $174.05. The lowest buying rate rose 25 cents to $136.45, the highest selling rate fell $3.15 to $179 and the lowest selling rate rose 30 cents to $164.40.