Jam$ gains against all on Monday

In foreign exchange trading on Monday, the Jamaican dollar gained against all the three major currencies it trades against. Inflows of foreign currencies into the system, increased slightly over Friday’s intake. At the close of trading, the equivalent of US$50,529,982 was bought by dealers, compared with US$44,956,234 on Friday, while they sold the equivalent of US$$49,583,967 versus US$47,742,798 previously.
In US dollar trading , dealers bought US$46,701,326 compared to US$40,384,483 on Friday. The buying rate for the US dollar fell 5 cents to $119.27 and US$47,603,305 was sold versus US$45,772,236 on Friday, the selling rate slipped 2 cents to end at $119.81. The Canadian dollar buying rate dropped $1.11 to $88.04, with dealers buying C$1,813,495 and selling C$842,800, at an average rate that declined 92 cents to $89.66. The rate for buying the British Pound slipped 72 cents to $181.19 for the purchase of £1,482,109, while £625,353 was sold, at an average rate that fell 27 cents to $182.31. At the end of trading, it took J$132.38 to purchase the Euro, a rise of $1.13 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.83 for a gain of $1.16 from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$238,337 being bought, while US$398,353 was sold.
Highs & Lows| On Monday, the highest buying rate for the US dollar, rose 10 cents to $120.10, the lowest buying rate fell 75 cents to $97.61, the highest selling rate rose 70 cents to end at $124.98 and lowest selling rate dropped 9 cents to end at $98.28. The highest buying rate for the Canadian dollar declined 90 cents to $91.10, the lowest buying rate rose 38 cents to end at $72.38, the highest selling rate jumped $5.56 to end at $98.76 and the lowest selling rate was unchanged at$86.50. The highest buying rate for the British Pound, climbed 40 cents to end at $185. The lowest buying rate fell $1.11 to $145.55, the highest selling rate climbed $1.42 to $189.14 and the lowest selling rate remained unchanged at $177.