J$ slips against US & Pound

Sale of all currencies by dealers on Wednesday was greater than the amount purchased by US$3.6 million, slightly more than on Tuesday and the Jamaican dollar lost value versus the US dollar and the Pound Sterling. Dealers bought the equivalent of US$26,333,879 compared with US$27,433,039, on Tuesday while they sold the equivalent of US$29,923,738 versus US$30,897,534 previously.
In US dollar trading, dealers bought US$21,903,791 compared to US$24,476,001 on Tuesday. The buying rate for the US dollar lost 9 cents at $115.71 and US$27,504,837 was sold versus US$28,846,312 on Tuesday, the selling rate rose 5 cents to $116.48. The Canadian dollar buying rate jumped 44 cents to $93.48 with dealers buying C$1,728,724 and selling C$1,585,578, at an average rate that declined 2 cents to $94.24. The rate for buying the British Pound increased $1.29 to $179.50 for the purchase of £1,883,804, while £664,759 was sold, at an average rate that rose $1.76 to $182.13. At the end of trading, it took J$130.80 to purchase the Euro, 15 cents less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.14 for 20 cents less than Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$111,174, while the equivalent of US$96,581 was sold.
Highs & Lows| The highest buying rate for the US dollar fell 2 cents to $116.80, the lowest buying and the highest selling rates remained at $95.36 and $122.19 respectively and the lowest selling rate gained 36 cents to $95.36. The highest buying rate for the Canadian dollar fell 82 cents to $94.75, the lowest buying rate inched down 8 cents to $74.95, the highest selling rate declined $2.27 to $96.73 and lowest selling rate gained 10 cents to $90.50. The highest buying rate for the British Pound, climbed $1.35 to $183.25, the lowest buying rate put on $1.21 at $146.25, with the highest selling rate climbing $1.75 to $186.71 and the lowest selling rate dived $22.72 to $152.03.