The selling rate for the Jamaican dollar is within smelling distance from $120 to the US dollar on Tuesday. Purchases by dealers of foreign currencies on Tuesday saw dealers buying the equivalent of US$42,927,303 in contrast to US$23,781,584 on Monday, while they sold the equivalent of US$39,419,041, previously US$27,537,023.
In US dollar trading , dealers bought US$40,544,295 compared to US$20,212,171 on Monday. 
The buying rate for the US dollar rose 69 cents to $117.82 and US$37,654,298 was sold versus US$26,270,588 on Monday, the selling rate rose 9 cents to close at $118.43. The Canadian dollar buying rate climbed $1.04 to $86.91, with dealers buying C$1,003,271 and selling C$587,023, at an average rate that slipped 25 cents to $88.24. The rate for buying the British Pound gained 80 cents to $177.91 for the purchase of £1,006,635, while £771,681 was sold, at an average rate that rose $1.65 to end at $180.79. At the end of trading, it took J$132.06 to purchase the Euro, an increase of 72 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.75, a fall of 10 cents on Monday’s rate. Other currencies bought, amounted to the equivalent of US$122,771, while the equivalent of US$149,320 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 30 cents to $119.15, the lowest buying and the highest selling rates remain unchanged 
at $96.78 and $124.01 respectively and the lowest selling rate rose $2.07 to $98.43. The highest buying rate for the Canadian dollar rose 14 cents to $89.39, the lowest buying rate fell 25 cents to $70.55 and highest selling rate added 15 cents to end at $91.62, the lowest selling rate remained unchanged at $85. The highest buying rate for the British Pound, climbed 70 cents to $182.50, the lowest buying, the highest and the lowest selling rates were unchanged at $144.09, $185.75 and $173.60 respectively.
J$ smelling $120 to US$1 on Tuesday
September 8, 2015 by
