The slippage of the Jamaican dollar was halted on Monday against the US and the Canadian dollar but it rose against the British currencies as purchases of all currencies by dealers amounted to US$45,348,873 equivalent, compared with US$34,733,786, on Friday and selling of the equivalent of US$39,052,916 versus sale of US$32,565,352, previously.
In US dollar trading, dealers bought US$40,589,132 compared to US$32,036,309 on Friday. The buying rate for the US dollar fell 3 cents to $115.18 and US$36,727,675 was sold versus US$30,771,394 on Friday, the selling rate was unchanged at $115.74. The Canadian dollar buying rate jumped $1.37 to $94.19 with dealers buying C$2,570,440 and selling C$1,724,288, at an average rate that remained at $95.43.
The rate for buying the British Pound fell 51 cents to $172.98 for the purchase of £1,664,090, while £397,770, was sold, at an average rate that declined by $1.52 to $174.71. At the end of trading it took J$129.89 to purchase the Euro, 29 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.36 for a rise of 36 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$158,563, while the equivalent of US$303,185, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $116.30. The lowest buying and highest selling rates remained at $94.36 and $120.91 respectively, with the lowest selling rate falling $2.28 to $93.94. The highest buying rate for the Canadian dollar climbed $1.40 to $97.
The lowest buying rate declined by 17 cents to $75.36, the highest selling rate rose 13 cents to $97.50 and the lowest selling rate fell 20 cents to $90.80. The highest buying rate for the British Pound, declined $1 to $176, the lowest buying rate dipped 33 cents to $140.77, the highest selling rate rose $1.18 to $181.47 with the lowest selling rate falling 40 cents to $169.60.
J$ steady against US & Canadian
May 4, 2015 by