J$ still 120.34 to US$1

Flows into the Jamaican foreign exchange market on Wednesday rose from Tuesday’s levels with dealers buying almost $8 million more than they sold with the value of the local currency holding steady versus the US dollar for the second day running.
Dealers bought the equivalent of US$56,579,543 and sold US$48,690,822, compared with US$48,162,961 and US$59,905,869 respectively on Tuesday.
Purchases of US dollars , exceeded the amount sold by dealers by US$6.4 million with dealers buying US$52,781,867 compared to US$42,736,857 on Tuesday. The buying rate for the US dollar fell 1 cent to $119.83. A total of US$46,420,126 was sold versus US$56,287,373 on Tuesday as the selling rate held steady at $120.34. The Canadian dollar buying rate fell by 43 cents to end at $83.13 with dealers buying C$1,908,607 and selling C$849,866, at an average rate that dropped $1.75 to $84.73. The rate for buying the British Pound declined by $1.83 to $174.98 for the purchase of £1,541,375, while £1,028,127 was sold, with the rate putting on 19 cents to $177.47. At the end of trading, it took J$131.97 to purchase the Euro, for a rise of 59 cents on Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.45 for a gain of 69 cents over Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$222,847 being bought, while US$156,094 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $120.55, the lowest buying rate slipped by 16 cents to $98.70 and the highest and lowest selling rates were unchanged and $126.69 and $117, respectively. The highest buying rate for the Canadian dollar rose 40 cents to $87, the lowest buying rate dropped 33 cents to $68.81, the highest selling rate ended 10 cents higher at $90.10 and the lowest selling rate lost $3 to end at $79. The highest buying rate for the British Pound, rose 6 cents to end at $179. The lowest buying rate fell $1.17 to $142.84, while the highest selling rate dipped $2.95 to end at $182.70 and the lowest selling rate declined by $1.60 to $170.50.