J$ slips slightly on Monday

Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$49,122,107 versus US$46,285,377 on Wednesday, and selling of the equivalent of US$46,110,654 compared to US$42,969,928 on Wednesday.
In US dollar trading, dealers bought US$42,122,796 compared to US$42,996,967 on Wednesday. The buying rate for the US dollar fell 30 cents to $113.69 and US$43,345,164 was sold versus US$41,082,846 on Wednesday with the selling rate rising 2 cents to $114.56. The Canadian dollar buying rate gained 9 cents to $95.73 with dealers buying C$2,857,912 and selling C$1,504,269, at an average selling rate that climbed 14 cents, to $97.77. The rate for buying the British Pound was up 9 cents to $175.77 for the purchase of £2,708,246, while £810,142 was sold, the rate eased 13 cents to $177.10. At the end of trading it took J$139.40 to purchase the Euro, 11 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.65, for an increase of 2 cents. Other currencies bought, amounted to the equivalent of US$405,582 while the equivalent of US$229,242, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell $1.02 to $114.85, the lowest buying rate closed unchanged at $93.52 and highest selling rate fell 32 cents to $119.84. The lowest selling rate climbed $18.06 to $112. The highest buying rate for the Canadian dollar and the lowest buying rate remained unchanged at $99 and $77.85 respectively. The highest selling rate fell 47 cents to $100.75 and the lowest selling rate is unchanged at $93.80. The highest buying rate for the British Pound, lost 25 cents to $178.75. The lowest buying rate and the lowest selling rate remained at $142.14 and $171.25, respectively and the highest selling rate climbed $1.51 to $183.24.