Jamaican$ fairly stable on Wednesday

The volume of foreign exchange purchased by dealers on Wednesday, was just US$1.4 million less than on Tuesday, but selling was well down. The Jamaican dollar loss value slightly, against the US dollar and the British Pound, but gained against the Canadian dollar, in Wednesday’s forex trading.
Authorized dealers purchased the equivalent of US$35,555,039 versus US$36,918,551, on Tuesday. The equivalent of US$31,228,226 was sold, compared with US$42,227,009 on Tuesday.
In US dollar trading, dealers bought US$29,154,363 compared to US$34,350,001 on Tuesday. The buying rate for the US dollar slipped 8 cents to $112.16 and US$27,180,996 was sold versus US$35,584,175 on Tuesday, the selling rate rose 3 cents to $112.62. The Canadian dollar buying rate, rose 41 cents to $98.46 with dealers buying C$1,729,970 and selling C$1,095,703, at an average selling rate that dropped $1.72, to $99.67. The rate for buying the British Pound climbed $1.54 to $178.70, for the purchase of £2,202,473, while £1,074,042 was sold, at $179.93, up 6 cents. Other currencies bought, amounted to the equivalent of US$1,372,867, while selling was for the equivalent of US$1,361,555.
Highs & Lows| The highest buying rate for the US dollar, closed $1.21 higher, at $113.95, the lowest buying, the highest and the lowest selling rates, were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar fell 2 cents to $100.28, the lowest buying rate declined 25 cents to $79.51 and highest selling rate rose $1.17 to $104. The lowest selling rate fell $1 to $95.10. The highest buying rate for the British Pound, fell 67 cents to $180.33, the lowest buying, was up $1.94 to $146.53, the highest selling rate fell $3.17 to $183.22 and the lowest selling rate dropped $1.20 to $173.