Jamaican$ gains vs. US$ – Wednesday

The Jamaican dollar gained moderately in foreign exchange trading on Wednesday against the United States but fell against the other three major currencies. Dealers bought the equivalent of US$42,647,035 of all currencies and sold US$37,480,324, compared to US$38,545,626 purchased and US$30,346,908 sold on Tuesday.
In US dollar trading, dealers bought US$37,980,242 compared to US$33,256,940 on Tuesday. The buying rate for the US dollar climbed 13 cents to close at $128.49. A total of US$32,510,365 was sold versus US$26,749,165 on Tuesday, with the selling rate falling 4 cents to end at $129.05. The Canadian dollar buying rate rose 14 cents to $95.38, with dealers buying C$4,351,922 and selling C$4,660,973 at an average rate that climbed 61 cents to $96.95. The average rate for buying the British Pound fell $1.21 to $156.74 for the purchase of £756,557 while £280,437 was sold with a gain of 80 cents to end at $160.67.
At the end of trading on Wednesday, dealers sold €941,766 with the selling rate for the Euro, closing with a rise of 39 cents to $137.91, according to data from Bank of Jamaica. Dealers purchased €472,871 of the European common currency at $135.65 after rising $2.24. The US dollar equivalent of other currencies traded, amounts to US$14,312 being bought and selling of US$112,861.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Wednesday, include a rise in the highest buying rate for the Canadian dollar of $2.20 to $99. The highest buying rate for the British Pound climbed $1 to $162, the highest selling rate lost $1.02 to $167.46, while the lowest selling rate climbed $3.50 to $156. The highest buying rate for the Euro fell $1.10 to $137, the highest selling rate dropped $2.31 to $140 and the lowest selling rate rose by 80 cents to $132.80.