Jam$ slips v US$ gains on others

The Jamaican foreign exchange market trading activity on the final Wednesday in 2015, fell below Tuesday’s levels with dealers selling more funds than they purchased. The value of the local currency slipped slightly against the US dollar but gained against others.
In trading dealers bought the equivalent of US$35,663,399 and sold US$42,378,801, compared with US$45,261,760 purchased and US$44,691,797 sold on Tuesday.
Sale of US dollars , exceeded the amount dealers bought by US$8.8 million as dealers bought US$31,547,200 compared to US$40,016,157 on Tuesday. The buying rate for the US dollar fell 3 cents to $119.61. A total of US$40,319,564 was sold versus US$41,999,216 on Tuesday as the selling rate rose 2 cents to $120.34. The Canadian dollar buying rate declined 21 cents to end at $83.55 with dealers buying C$1,541,212 and selling C$1,140,246, at an average rate that fell $1.13 cents to $84.76. The rate for buying the British Pound climbed by $1.04 to $176.14 for the purchase of £1,790,783, while £550,663 was sold, with the rate falling $2.06 to $175.08. At the end of trading, it took J$131.23 to purchase the Euro, for a fall of 89 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.52, falling by 57 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$402,446 being bought, while US$455,005 was sold.
Highs & Lows| The highest buying rate for US dollar fell 5 cents to $120.65, the lowest buying was unchanged at $98.61. The highest selling rate fell 10 cents to close at $126.37 and the lowest selling rate was unchanged at $116. The Canadian dollar highest buying rate fell 70 cents to $86.50, the lowest buying rate remained at $68.31. The highest selling rate declined by 50 cents to $89.50 and the lowest selling rate rose by $1.50 to end at $81.50. The highest and lowest buying rates for the British Pound, remained unchanged at $179 and $142.84 respectively, the highest selling rate dropped $2.95 to $182.05 while the lowest selling rate fell 55 cents to $170.