Jamaican$ gains vs US dollar – Tuesday

The Jamaican dollar gained against the United States dollar and the euro on Tuesday but closed down against the Canadian dollar and the Pound. Dealers bought the equivalent of US$37,551,931 of all currencies, and sold US$29,217,148, compared to US$46,553,035 purchased and US$39,251,159 sold on Monday.
In US dollar trading, dealers bought US$32,852,735 compared to US$41,925,032 on Monday. The buying rate for the US dollar rose 12 cents to close at $128.42. A total of US$25,045,457 was sold versus US$36,223,594 on Monday, with the selling rate falling 6 cents to $129.05. The Canadian dollar buying rate jumped $1.05 to $95.12, with dealers buying C$3,436,587 and selling C$3,339,290 at an average rate that rose 14 cents to $96.39. The average rate for buying the British Pound rose 32 cents to $154.52 for the purchase of £1,560,575 while £972,185 was sold with a rise of 14 cents to end at $157.37.
At the end of trading on Tuesday, dealers sold €380,838 with the selling rate for the Euro, closing with a drop of $3.74 to $139.90, according to data from Bank of Jamaica. Dealers purchased €184,471 of the European common currency at $138.41 after falling 9 cents. The US dollar equivalent of other currencies traded, amounts to US$77,333 being bought and selling of US$79,219.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Tuesday, include a rise of $1.08 in the lowest selling rate of the US dollar to $105.12. The highest selling rate for the Canadian dollar declined $1.53 to $99.83. The highest buying rate for the British Pound dropped $11.18 to $157 and the lowest buying rate dropped $6.81 to $126.41, the highest selling rate rose $6.66 to $180 and the lowest selling rate dropped $6 to $152. The highest buying rate for the Euro dipped $5 to $140, the lowest buying rate fell $1.95 to $113.21, the highest selling rate fell $2.97 to $146.88 and the lowest selling rate surged $21.87 to $136.40.