Jamaica dollar slips on Wednesday

Trading of foreign currency in the forex market on Wednesday, saw the US dollar selling rate rising against the Jamaican dollar and the pound and Canadian dollar declining versus the local currency. The equivalent of US$38,513,726 was bought by dealers, compared with US$48,785,985 on Tuesday, while they sold the equivalent of US$43,034,863 versus US$39,217,475 previously.
In US dollar trading , dealers bought US$35,208,960 compared to US$45,101,656 on Tuesday. The buying rate for the US dollar rose 14 cents to $119.14 and US$41,144,885 was sold versus US$36,870,724 on Tuesday, the selling rate gained 9 cents to $119.66. The Canadian dollar buying rate advanced by 10 cents to end at $89.83 with dealers buying C$993,642 and selling C$815,037, at an average rate that dipped $2.26 cents to $90.54. The rate for buying the British Pound climbed 71 cents to $182.15 for the purchase of £1,581,355, while £680,911 was sold, at an average rate that declined 15 cents to $183.55. At the end of trading, it took J$135.62 to purchase the Euro, with a fall of 44 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.96 for a fall of 33 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$146,307 being bought, while US$228,782 was sold.
Highs & Lows| The highest buying rate for the US dollar ended with a gain of $1.10 at $121, but the lowest buying rate ended 5 cents higher at $98.20, highest selling rate advanced 5 cents to $125.83 and lowest selling rate rose 4 cents to $98.19. The highest buying rate for the Canadian dollar fell $1.10 to $91.80, the lowest buying rate declined by 9 cents to end at $73.66, the highest selling rate lost 11 cents to end at $94.96 and the lowest selling rate gained 60 cents to end at $87.70. The highest buying rate for the British Pound, fell $1.65 to end at $184.85. The lowest buying rate rose 16 cents to $148.90, the highest selling rate rose 22 cents to $191.96 and the lowest selling rate remained at $177.50.