Jamaican$ gains vs all – Wednesday

Trading in the foreign exchange market resulted in the Jamaican dollar rising in value on Wednesday against all the majors as inflows closely match outflows. The market closed with dealers buying the equivalent of US$37,301,205 and selling US$38,602,992, in contrast to US$34,059,616 purchased and US$47,980,165 sold on Tuesday.
In US dollars trading, dealers bought US$32,987,100 compared to US$31,025,556 on Tuesday, as the buying rate for the US dollar fell 4 cents to end at $121.32. A total of US$35,699,871 was sold versus US$46,508,983 on Tuesday, the selling rate slipped by 1 cent to $122.02. The Canadian dollar buying rate climbed $1.98 to end at $91.52 with dealers buying C$2,603,431 and selling C$2,102,347, at an average rate that dipped 29 cents to $92.49. The rate for buying the British Pound fell 11 cents to $169.77 for the purchase of £1,557,525, while £679,910 was sold, as the rate fell 94 cents to $171.52. At the end of trading, the selling rate for Euro, rose 1 cent to close at J$138.82, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.98 for a decline of 6 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$170,675 being bought, while US$353,865 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a decline of $4.19 in the lowest buying rate of the US dollar to $99.78, a rise of $1.19 in the highest selling rate to $129.06 and a plunge of $18.22 in the lowest selling rate to $99.78. The lowest buying rate of the Canadian dollar dived by $5.24 to $72.80 with the lowest selling rate falling $2.50 to $85.50. The highest buying rate for the British Pound dropped by $1.50 to $173, while the lowest buying rate dived $6.92 to $138.20 and the highest selling rate jumped $3.75 to end at $181.22.