The Jamaican dollar lost further value against the US dollar, on Wednesday and also fell against the Canadian dollar but gained value against the Pound. Authorized dealers purchased the equivalent of US$41,244,538 versus US$26,093,184, on Tuesday, and sold the equivalent of US$37,325,070, compared with US$27,960,599 on Tuesday
In US dollar trading, dealers bought US$36,644,475 compared to US$18,535,552 on Tuesday. The buying rate for the US dollar rose 25 cents to $112.61 and US$33,587,915 was sold versus US$24,597,836 on Tuesday. The selling rate inched up 8 cents to end at $113.09. The Canadian dollar buying rate, jumped 37 cents to $99.16 with dealers buying C$3,595,657 and selling C$3,070,725, at an average selling rate that climbed 36 cents, to $99.72. The rate for buying the British Pound declined $1.59 to $176.33, for the purchase of £789,531, while £546,917 was sold, at $179.02, a fall of 70 cents. Other currencies bought, amounted to the equivalent of US$197,664, while the equivalent of US$163,634, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $113.35, the lowest buying rate was unchanged at $92.52. The highest selling rate climbed 86 cents to $118.56 and the lowest selling rate rose $2 to $94.02. The highest buying rate for the Canadian dollar grew by 50 cents, to $100.20, the lowest buying rate fell 54 cents to $78.93, the highest selling rate inched up 30 cents to close at $102.45. The lowest selling rate lost 65 cents to $95.10. The highest buying rate for the British Pound, dipped 80 cents to $179.20. The lowest buying rate leapt $6.96 to $151.38, the highest selling rate dropped 75 cents to $182.73 and the lowest selling rate, fell 40 cents to $173.60.
J$ slipped further against US
November 12, 2014 by