Jamaica dollar rose vs US on Tuesday

Trading of foreign currency into the forex market on Tuesday, had the US dollar selling rate ground falling against the Jamaican dollar and the pound and Canadian dollar rising versus the local currency. The equivalent of US$48,785,985 was bought by dealers, compared with US$28,906,392 on Friday, while they sold the equivalent of US$39,217,475 versus US$23,735,150 previously.
In US dollar trading , dealers bought US$45,101,656 compared to US$25,241,490 on Friday. The buying rate for the US dollar rose 6 cents to $119 and US$36,870,724 was sold versus US$22,798,959 on Friday, the selling rate fell 2 cents to $119.57. The Canadian dollar buying rate declined 57 cents to end at $89.73 with dealers buying C$1,388,271 and selling C$1,587,771, at an average rate that rose 54 cents to $92.80. The rate for buying the British Pound fell 21 cents to $181.44 for the purchase of £1,644,669, while £660,786 was sold, at an average rate that gained $2.20 to $183.70. At the end of trading, it took J$136.06 to purchase the Euro, with a fall of 12 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.29 for a fall of 53 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$141,716 being bought, while US$99,228 was sold.
Highs & Lows| The highest buying and highest selling rates for the US dollar ended unchanged at $119.90 and $125.78 respectively, but the lowest buying rate ended 4 cents higher at $98.15 and lowest selling rate jumped sharply by $9.20 to $98.15. The highest buying rate for the Canadian dollar fell 84 cents to $92.90, the lowest buying rate remained at $73.75, the highest selling rate added 24 cents to end at $95.07 and the lowest selling rate dropped 90 cents to $87.10. The highest buying rate for the British Pound, climbed $2 to end at $186.50. The lowest buying rate was unchanged at $148.74, the highest selling rate rose $2.68 to $191.74 and the lowest selling rate closed $1 higher to end at $177.50.