The selling rate of the Jamaican dollar closed unchanged on Monday as dealers bought the equivalent of US$66,732,742 of all currencies, and sold US$47,361,025, compared to US$62,281,233 purchased and US$50,300,502 sold on Friday.
In US dollar trading, dealers bought US$63,006,330 compared to US$57,960,736 on Friday. The buying rate for the US dollar fell 7 cents to close at $128.70. A total of US$44,536,359 was sold versus US$48,096,845 on Friday, with the selling rate remaining at $129.19. The Canadian dollar buying rate dropped 81 cents to $94.90,
with dealers buying C$2,442,115 and selling C$1,709,029 at an average rate that rose 15 cents to $97.50. The average rate for buying the British Pound dropped 63 cents to $154.41 for the purchase of £1,505,320 while £955,498 was sold with a fall of 24 cents to end at $157.29.
At the end of trading on Monday, dealers sold €327,853 with the selling rate for the Euro, closing at $142.92 for rise of $1.66, according to data from Bank of Jamaica. Dealers purchased €101,358 of the European common currency at $134.07 after falling $2.29. The US dollar equivalent of other currencies traded, amounts to US$14,149 being bought and selling of US$8,876.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Monday, include a jump of $14.71 in the lowest buying rate for the US Dollar to $104.71. The lowest buying rate for the Canadian dollar declined $1.37 to $77.31, the highest selling rate fell $1.78 to $100.60. The highest buying rate for the British Pound surged $7.95 to $166. Trading in the Euro resulted in a fall of $1.50 in the highest buying rate to $138, the lowest buying rate dipped $1.24 to $112.30 and the highest selling rate fell $1.36 to $146.38.
Jamaican$ holds vs US dollar – Monday
October 24, 2016 by