J$ slips against all on Tuesday

Purchases by dealers of foreign currencies on Tuesday, resulted in the Jamaican currency losing value against three main currencies it regularly trades against. The rate of the local currency has been relatively stable over the past two weeks versus the United States dollar. The market closed with dealers buying the equivalent of US$38,264,784 in contrast to US$60,881,491 on Monday, while they sold the equivalent of US$50,151,893, previously US$47,409,801.
In US dollar trading , dealers bought US$34,542,850 compared to US$55,326,993 on Monday. The buying rate for the US dollar rose 3 cents to $116.86 and US$47,644,632 was sold versus US$45,378,025 on Monday, the selling rate increased 3 cents to $117.39. The Canadian dollar buying rate rose 42 cents to $87.53 with dealers buying C$1,594,307 and selling C$1,271,027, at an average rate that rose 67 cents to $89.75. The rate for buying the British Pound fell 4 cents to $179.41 for the purchase of £1,521,362, while £761,295 was sold, at an average rate that climbed 55 cents to $182.01. At the end of trading, it took J$128.86 to purchase the Euro, with a rise of 47 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.36 for a rise of 67 cents on Monday’s rate. Other currencies bought, amounted to the equivalent of US$192,135, while the equivalent of US$355,091 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 11 cents to $117.49, but there were no changes to the lowest buying and the highest selling rates that remained at $96.15 and $123.21, respectively. The lowest selling rate rose $1.90 to end at $98.05. The highest buying rate for the Canadian dollar fell 50 cents to $89.40. The lowest buying rate rose 17 cents to $70.80, the highest selling rate gained $1.64 to $92.90 and the lowest selling rate rose 30 cents to $85.50. The highest buying rate for the British Pound, increased $1.10 to $183.80, the lowest buying rate rose 5 cents to $146.25, the highest selling rate put on 5 cents to $188.53 and the lowest selling rate jumped $26.47 to $176.20.