Foreign currencies into and out of the system, jumped well over Tuesday’s levels. At the close of trading, the equivalent of US$70,261,659 was bought by dealers, compared with US$34,196,386 on Tuesday, while they sold the equivalent of US$67,303,552 versus US$38,695,199 previously.
In US dollar trading , dealers bought US$65,914,311 compared to US$30,867,061 on Tuesday. The buying rate for the US dollar rose 36 cents to $119.58 and US$65,742,994 was sold versus US$36,880,303 on Tuesday, the selling rate rose 2 cents to end at $119.88. The Canadian dollar buying rate lost 1 cent to $88.42, with dealers buying C$1,010,113 and selling C$1,305,367, at an average rate that declined $1.52 to $91.34. The rate for buying the British Pound climbed 84 cents to $181.48 for the purchase of £1,777,274, while £256,712 was sold, at an average rate that dropped $1.07 to $181.96. At the end of trading, it took J$131.27 to purchase the Euro, a fall of 93 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.61 for a decline of $1.02 from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$903,047 being bought, while US$176,372 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar, fell 6 cents to $120.05, the lowest buying rate rose 4 cents to $98.40, the highest selling rate remained at $126.10 and lowest selling rate gained 4 cents to end at $98.41. The highest buying rate for the Canadian dollar climbed $3.05 to $94.75, the lowest buying rate rose 17 cents to end at $72.96, the highest selling rate fell 30 cents to end at $93.75 and the lowest selling rate declined 50 cents to end at $86.50. The highest buying rate for the British Pound, fell 40 cents to end at $184.10. The lowest buying rate slipped 42 cents to $147.74, the highest selling rate dropped $2.65 to $188.34 and the lowest selling rate lost 30 cents to $177.20.
Jam$ mixed on Wednesday
November 4, 2015 by