J$115 for each US$ on Tuesday

The Jamaican dollar selling rate was back slightly above 115 to the US dollar on Tuesday, but the local currency lost more value against the Canadian dollar and the British pound. Purchases of all currencies by dealers amounted to US$42,707,331 equivalent, compared with US$52,169,763, on Monday and selling of the equivalent of US$43,780,983 versus sale of US$39,781,633, on the previous trading day.
In US dollar trading, dealers bought US$37,573,862 compared to US$47,538,451 on Monday. The buying rate for the US dollar climbed 8 cents to $114.56 and US$40,598,025 was sold versus US$37,352,160 on Monday, the selling rate rose 2 cents to end at $115.01. The Canadian dollar buying rate inched up by 48 cents to $89.56 with dealers buying C$1,264,277 and selling C$940,755, at an average rate that climbed 26 cents to $91.49.
The rate for buying the British Pound gained $1.65 to $168.08 for the purchase of £2,682,890, while £1,398,161 was sold, at an average rate that jumped $1.10 to $169.51. At the end of trading it took J$121.57 to purchase the Euro, 70 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.22 for a fall of 58 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$208,843, while the equivalent of US$373,827, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 47 cents to $115.60. The lowest buying rate dropped $5.84 to $87.85 and the highest selling rate remained unchanged at $120.05, but the lowest selling rate rose $1.85 to $95.54. The highest buying rate for the Canadian dollar inched up 20 cents to $92.20. The lowest buying rate fell 37 cents $71.84, but the highest selling rate rose 80 cents to $94.37 with the lowest selling rate falling 45 cents to $86.55. The highest buying rate for the British Pound, rose $2.16 to $172.16, the lowest buying rate was down 33 cents to $134.38 but the highest selling rate declined 29 cents to $173.37 and the lowest selling rate fell 40 cents to $161.90.