The foreign exchange market closed on Wednesday, with dealers buying the equivalent of US$30,075,609 and selling US$34,894,176, in contrast to US$28,998,834 purchased and US$45,337,734 sold on Tuesday.
In US dollar trading, dealers bought US$27,452,160 compared to US$25,822,561 on Tuesday, as the buying rate for the US dollar rose 50 cents to $123.43. 
A total of US$33,361,430 was sold versus US$28,682,783 on Tuesday with the selling rate rising 20 cents to $124.15. The Canadian dollar buying rate climbed $1.10 to end at $93.52 with dealers buying C$910,251 and selling C$591,647, at an average rate that gained $1.03 to $95.65. The rate for buying the British Pound rose 51 cents to $175.95 for the purchase of £1,263,299, while £667,095 was sold, with the rate dropping by $1.96 to $178.18.
At the end of trading, the selling rate for Euro, rose 8 cents to close at J$141.24, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.99, a fall of 19 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$132,877 being bought, while US$119,499 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Wednesday are, a rise of $1.80 in the highest buying rate of Canadian dollar to end at $96.80 and a rise of $5.50 in the lowest selling rate to end at $90. A rise of $3.20 in the highest buying rate for the British Pound to $181.50, a rise of $6.83 in the lowest buying rate to $148.68 and a fall of $1.85 in the lowest selling rate to $171.
Jamaican$ almost 125 to US$ – Wednesday
May 11, 2016 by
