In Monday’s forex trading, the selling rate for the Jamaican dollar made gains against the British Pound but was stable against the US dollar as dealers bought nearly US$3 million more than they sold. On Friday, dealers bought $9 million more than they sold. 
Authorized dealers bought the equivalent of US$53,329,347 versus US$41,719,974 on Friday, and sold the equivalent of US$50,685,771 compared to US$32,548,314 on Friday.
In US dollar trading, dealers bought US$47,852,405 compared to US$35,874,558 on Friday. The buying rate for the US dollar lost 14 cents to $112.19 and US$48,469,980 was sold versus US$28,416,014 on Friday, the selling rate was unchanged at $112.82.
The Canadian dollar buying rate fell 54 cents to $101.43 with dealers buying C$2,118,078 and selling C$1,018,014, the selling rate rose 17 cents to $103.12.
The Pound closed at $186.47, for the purchase of £1,986,266 as the rate slipped 85 cents while £492,793 was sold, as the rate declined 81 cents, to $188.96. Other currencies bought, amounted to the equivalent of US$260,568 while selling was the equivalent of US$459,939.
Highs & Lows| The highest rate for buying the US dollar, rose 5 cents to $113.25, the lowest buying, the highest and the lowest selling rates remained unchanged, at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar was up 65 cents to $104 and the lowest buying rate fell 25 cents to $81.34. The highest selling rate fell by $7.50 to $105.50 and the lowest selling rate was down 30 cents at $98. The highest buying rate for the British Pound declined 50 cents to $189.80, the lowest buying rate dropped $40.61 t0 $111.70, the highest selling rate rose $2.95 to $196.34 and lowest selling rate dived by $23.85 at $159.65.
Jamaican $ gains vs Pound stable with US
August 11, 2014 by