The Jamaican dollar gained value on Wednesday against the US Dollar and the British pound but declined versus the Canadian dollar. Purchases of all currencies by dealers fell sharply from the previous two days at US$36,518,886 compared with the US$51,807,330, on Tuesday and selling of the equivalent of US$38,523,072 versus US$55,758,481 on the prior trading day.
In US dollar trading, dealers bought US$30,375,504 compared to US$45,557,294 on Tuesday. The buying rate for the US dollar fell by 19 cents to end at $115.05 and US$34,883,857 was sold versus US$51,146,506 on Tuesday, the selling rate was unchanged at $115.58. The Canadian dollar buying rate rose 8 cents to $91.87 with dealers buying C$5,061,301 and selling C$3,684,928, at an average rate that climbed 9 cents to $92.32. The rate for buying the British Pound rose 6 cents to $175.68 for the purchase of £1,266,526, while £377,480 was sold, at an average rate of $177.15, for a decline of 47 cents. At the end of trading it took J$129.27 to purchase the Euro, 14 cents down from Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.95 for 4 cents more than on Tuesday. Other currencies bought, amounted to the equivalent of US$167,908 while the equivalent of US$117,410, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 20 cents to $116, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate jumped $18.64 to $113. The highest buying rate for the Canadian dollar climbed $1.40 cents to $94, the lowest buying rate fell 16 cents to $72.96. The highest selling rate gained 61 cents to $95.61 and the lowest selling rate fell 20 cents to $87.90. The highest buying rate for the British Pound, dipped $1.48 to $176.02. The lowest buying rate fell $2.74 to $139.73, the highest selling rate fell $3.70 to $179.97 and the lowest selling rate declined $3.30 to $168.35.
J$ stable against US$ on Wednesday
March 4, 2015 by
