Trading in the forex market in Jamaica on Monday, resulted in the Jamaican dollar gaining against all the major currencies it normally trades against. Overall the equivalent of US$42,460,718 was purchased by dealers in contrast to US$29,319,403 on Friday, and selling of the equivalent of US$35,555,294 compared to US$32,815,088 on Friday.
In US dollar trading, dealers bought US$37,309,537 compared to US$26,478,249 on Friday. The buying rate for the US dollar declined 11 cents to $113.83 and US$33,644,999 was sold versus US$31,451,847 on Friday with the selling rate slipping 4 cents to $114.64. The Canadian dollar buying rate dropped 63 cents to $94.77 with dealers buying C$2,195,107 and selling C$947,385, at an average selling rate that lost 83 cents, to $96.82. The rate for buying the British Pound fell 43 cents to $173.59 for the purchase of £1,983,561, while £462,288 was sold, the rate fell $1.41 to $174.90. At the end of trading it took J$137.97 to purchase the Euro, 78 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.02 for a $1 fall. Other currencies bought, amounted to the equivalent of US$298,693 while the equivalent of US$404,852, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $115, the lowest buying and the highest selling rates closed unchanged at $93.52 and $119.84 respectively and lowest selling rate fell $1.85 to $93.52. The highest buying rate for the Canadian dollar fell $2.10 to $98.50, the lowest buying dropped 37 cents to $77.77. The highest selling rate declined 66 cents to $100.29 and the lowest selling rate dipped 65 cents to end at $93.70. The highest buying rate for the British Pound, lost $1.10 to $177.50. The lowest buying rate eased $1.53 to $141.52, the highest selling rate lost $1.97 to $182.44 and the lowest selling rate ended $1.50 lower, at $170.
J$ starts week with gains
January 5, 2015 by
