Jamaica’s forex market remained normal on Wednesday, with volumes in the thirty million dollar region. Trading ended with the equivalent of US$32,289,465 bought by dealers, compared with US$23,638,977 on Tuesday, while they sold the equivalent of US$34,427,833 versus US$26,888,583 previously.
In US dollar trading , dealers bought US$28,863,222 compared to US$21,150,981 on Tuesday. The buying rate for the US dollar climbed 19 cents to $118.61 and US$33,034,094 was sold versus US$25,239,896 on Tuesday, the selling rate rose 9 cents to $119.32. 
The Canadian dollar buying rate rose 76 cents to end at $88.67, with dealers buying C$1,012,619 and selling C$319,641, at an average rate that fell 25 cents to $90.50. The rate for buying the British Pound climbed 84 cents to $178.89 for the purchase of £1,707,051, while £590,251 was sold, at an average rate that eased 3 cents to $180.57. At the end of trading, it took J$134.29 to purchase the Euro, with an increase of 61 cents on Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.38, for a rise of 4 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$94,506 being bought, while US$258,026 was sold.
Highs & Lows| The highest buying rate for the US dollar fell 25 cents on Wednesday to $119.55, the lowest buying and the highest selling rates ended unchanged at $97.82 and $125.35 respectively and the lowest selling rate fell back $18.41 to $97.69.
The highest buying rate for the Canadian dollar climbed 20 cents to $91.30, the lowest buying rate fell 20 cents to $71.80, the highest selling rate rose 69 cents to end at $93.85 and the lowest selling rate dropped $3.25 to $83.50. The highest buying rate for the British Pound, rose $1 to end at $182.20. The lowest buying rate was unchanged at $145.62, the highest selling rate jumped $2.63 to $187.73 and the lowest selling rate climbed $2 to close at $176.
J$ slippage resumes on Wednesday
October 7, 2015 by
