In the Jamaican foreign exchange market, dealers bought the equivalent of US$45,414,864 and sold US$40,270,681, compared with US$21,534,854 purchased and US$25,878,122 sold on Friday. Changes in the rates of the various currencies were mixed with the US dollar gaining.
In US dollars trading, dealers bought US$41,206,124 compared to US$18,827,307 on Friday with the buying rate for the US dollar rising 27 cents to $119.93. A total of US$38,724,325 was sold versus US$24,377,840 on Friday as the selling rate climbed 5 cents to $120.68. The Canadian dollar buying rate gained 28 cents to end at $82.67 with dealers buying C$2,311,311 and selling C$1,118,593, at an average rate that fell 42 cents to $84.29. The rate for buying the British Pound rose $1.37 to $173.09 for the purchase of £1,681,260, while £421,527 was sold, with the rate dropping $2.34 to $172.47. At the end of trading, it took J$131.55 to purchase the Euro, 
for an increase of $1 on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.68 for a rise of 55 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$188,807 being bought, while US$162,575 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at were, a fall in the lowest selling rate of the US dollar of $18.39 to $98.61, a rise in the highest buying rate for the British Pound, of $1 to $176.40 and a $1.50 increase in the highest selling rate that closed at $180.69.
Jamaican$ had mixed Monday
January 11, 2016 by
