Jamaican$ falls vs Pound

The Jamaica dollar was fairly stable against the US dollar but lost value against the Canadian dollar and the severely battered Pound, at the close of forex trading on Wednesday.
The foreign exchange market closed with dealers buying the equivalent of US$1.7 million less than the amount sold in all currencies, bringing the surplus purchased in three days down to $12 million, with the total bought by dealers amounting to US$53,634,075 while they sold US$55,336,297, in contrast to US$56,629,059 purchased and US$53,695,732 sold on Tuesday.
In US dollar trading, dealers bought US$50,461,084 compared to US$53,017,555 on Tuesday as the buying rate for the US dollar rose 5 cents to $126.04. A total of US$53,396,084 was sold versus US$52,006,860 on Tuesday with the selling rate falling 1 cent to $126.37. The Canadian dollar buying rate fell by 63 cents to end at $93.13 with dealers buying C$694,722 and selling C$644,792, at an average rate that climbed 45 cents to $96.68. The average rate for buying the British Pound dived 96 cents to $165.85 for the purchase of £1,322,771, while £989,527 was sold, with the rate climbing $2.37 to $169.59.
At the end of trading, the selling rate for Euro, rose 95 cents to close at J$139.66 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.14, for a gain of $1.17 from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$919,037 being bought, while US$118,966 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Wednesday, a gain of $1.66 in the highest buying rate of the Canadian Dollar to $98.56, a rise of $2 in the lowest selling rate to close at $92. The British Pound suffered sharp declines again, following sharp fall in the UK currency on the world market since last week, except for a rise in the lowest selling rate. The highest buying rate of the pound, dived $8.50 to $171.50, the lowest buying rate dropped $11.31 to $120, the highest selling rate fell $5.71 to close at $184 and the lowest selling rate rose by $3.80 to end at $159.