J$ revaluation continues

The Jamaican dollar continues to make slow gains against the US dollar, having peaked at $112.87, on July 25. The selling rate for the local currency to buy one US dollar, is now at $112.62 an improvement over the closing price on Friday. The local currency not only gained against the US dollar, but also against the Pound and the Canadian dollar.
In Monday’s forex trading, US$4.5 million more foreign currency was bought than was sold to the public. Authorized dealers purchased the equivalent of US$45,684,367 versus US$37,912,992 on Friday, the equivalent of US$41,145,809 was sold compared with US$49,474,851 on Friday.
In US dollar trading, dealers bought US$38,512,175 compared to US$33,871,010 on Friday. The buying rate for the US dollar fell 13 cents to $112.20 and US$36,824,756 was sold versus US$46,851,454 on Friday, the selling rate inched down 2 cents to $112.62. The Canadian dollar buying rate, rose $1.18 to $99.03 with dealers buying C$2,165,519 and selling C$1,702,779 at an average selling rate that fell 35 cents, to $100.45. The rate for buying the British Pound climbed 78 cents to $179.49, for the purchase of £3,139,266, while £1,433,057 was sold, at $179.75, down 43 cents. Other currencies bought, amounted to the equivalent of US$238,954, while selling was for the equivalent of US$514,931.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents up at $112.83, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively and the lowest selling rate fell back $1.81 to $91.85. The highest buying rate for the Canadian dollar rose 5 cents to $100.55, the lowest buying rate fell 83 cents to $79.27, the highest selling rate declined 40 cents to $103.10. The lowest selling rate dropped 50 cents to $95.50. The highest buying rate for the British Pound, dropped 63 cents to $181.43, the lowest buying rate fell $1.75 to $143.92. The highest selling rate dropped 70 cents to $187.78 and the lowest selling rate eased $1.20 to $173.40.