The Jamaican dollar declined three major currencies but remained firm versus the euro in the foreign exchange market. On Wednesday dealers bought the equivalent of US$39,189,951 of all currencies and sold US$34,123,507, compared to US$66,535,327 purchased and US$64,508,975 sold on Tuesday.
In US dollar trading, dealers bought US$34,730,432 compared to US$59,608,976 on Tuesday. The buying rate for the US dollar rose 10 cents to close at $128.30. A total of US$32,306,693 was sold versus US$60,637,044 on Tuesday, with the selling rate rising 3 cents, to $129.04. 
The Canadian dollar buying rate rose by 35 cents to $92.93, with dealers buying C$1,606,912 and selling C$693,816 at an average rate that gained 49 cents to $95.30. The average rate for buying the British Pound gained by 43 cents to $158.26 for the purchase of £2,308,776 while £845,426 was sold with a rise of $1.06 to end at $160.65.
At the end of trading on Wednesday, dealers sold €185,300 with the selling rate for the Euro, closing unchanged at $139.59, according to data from Bank of Jamaica. Dealers purchased €84,378 of the European common currency at $132.47 after falling $1.12. The US dollar equivalent of other currencies traded, amounts to US$360,636 being bought and selling of US$50,852.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a decline of $1.10 in the highest buying rate for the US dollar and a rise of $15.96 in the lowest selling rate to end at $120. The highest buying rate for the Canadian dollar dropped $22.50 to $97.50 while there was a drop of $13.90 in the lowest selling rate to $91 and the highest buying rate for the Euro declined by $18.54 to $138.70.
Jamaican $ almost steady vs US – Wednesday
December 1, 2016 by
