Jamaican$ gains 10% vs Pound

FX_USPound The Jamaica dollar gained just under 10 percent in value against the severely battered Pound sterling, at the close of forex trading on Tuesday, from the closing level last Thursday, when it was sold for J$184.68, compared to J$167.22 on Tuesday. The local dollar lost ground against the US dollar but made some gains versus the Canadian dollar.
The foreign exchange market closed with dealers buying the equivalent of US$3 million more than the amount sold in all currencies, bringing the surplus purchased in two days to $13.5 million, with the total bought by dealers amounting to US$56,629,059 while they sold US$53,695,732, in contrast to US$53,067,021 purchased and US$42,684,340 sold on Monday.
FX trde sum -28-06-16In US dollar trading, dealers bought US$53,017,555 compared to US$49,249,650 on Monday as the buying rate for the US dollar rose 23 cents to $125.99. A total of US$52,006,860 was sold versus US$40,553,474 on Monday with the selling rate rising 1 cent to $126.38. The Canadian dollar buying rate climbed by 98 cents to end at $93.76 with dealers buying C$970,519 and selling C$463,363, at an average rate that fell 55 cents to $96.23. The average rate for buying the British Pound dived $2.06 to $166.81 for the purchase of £1,991,457, while £575,709 was sold, with the rate dropping $4.07 to $167.22.
At the end of trading, the selling rate for Euro, dropped $1.74 cents to close at J$138.70 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.97, for a decline by $1.53 from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$252,500 being bought, while US$574,305 was sold.
FX trde HL -28-06-16Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Tuesday, a decline of $1.24 in the lowest buying rate of the Canadian Dollar to $75.78, a fall of $2.46 in the highest selling rate to end at $99.60 and a fall of $1 in the lowest selling rate to $90. The highest buying rate for the British Pound dived $5.70 to $180, the lowest buying rate dropped $5.64 to $131.31 and the lowest selling rate dropped by $2.80 to end at $155.20.

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