Jamaican$ gains value on Tuesday

The amount of foreign exchange traded by dealers on Tuesday, was more than on Friday. The equivalent of $10 million was purchased over the amount sold on Tuesday, the day after the market was closed for the public holiday. The Jamaican dollar lost value against the British Pound but gained against the others.
Authorized dealers purchased the equivalent of US$52,672,492 versus US$29,491,248, on Friday, with Monday being a public holiday. The equivalent of US$42,825,714 was sold, compared with US$24,981,810 on Friday.
In US dollar trading, dealers bought US$48,572,214 compared to US$25,874,570 on Friday. The buying rate for the US dollar gained 7 cents to $112.22 and US$40,081,642 was sold versus US$22,602,758 on Friday, the selling rate fell 4 cents to $112.60. The Canadian dollar buying rate, rose 17 cents to $97.72 with dealers buying C$1,732,588 and selling C$1,204,424, at an average selling rate that fell 50 cents, to $100.15. The rate for buying the British Pound dropped 27 cents to $178.29, for the purchase of £1,547,779, while £913,135 was sold, at $181.24, an increase of 5 cents. Other currencies bought, amounted to the equivalent of US$132,491, while the equivalent of US$202,971, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed with a rise of 3 cents, to $112.75, the lowest buying and the highest selling rates, were unchanged at $91.85 and $117.70 respectively and the lowest selling rate ended $1.81 lower at $91.85. The highest buying rate for the Canadian dollar rose 45 cents to $100.45, the lowest buying rate remained unchanged at $78.85 and highest selling rate climbed 50 cents to $102.50. The lowest selling rate was unchanged at $95. The highest buying rate for the British Pound, rose 35 cents to $181.35, the lowest buying rate inched up 21 cents to $144.42, the highest selling rate was unchanged at $186.18 and so was the lowest selling rate at $174.