Jamaican$ loses value all round – Wednesday

Trading in the Jamaican foreign exchange market ended on Wednesday with dealers buying the equivalent of US$33,911,551 and selling US$32,180,833, compared with US$27,137,018 purchased and US$31,241,564 sold on Tuesday.
In US dollars trading, dealers bought US$30,531,051 compared to US$24,325,109 on Tuesday with the buying rate for the US dollar rising 12 cents to $120.57. A total of US$28,521,777 was sold versus US$28,696,289 on Tuesday as the selling rate climbed by 10 cents to $121.31. The Canadian dollar buying rate jumped $2.58 to end at $84.76 with dealers buying C$1,794,316 and selling C$3,612,350, at an average rate that rose $1.25 to $87.99. The rate for buying the British Pound rose $1.29 to $170.38 for the purchase of £1,419,888, while £557,702 was sold, with the rate gaining 61 cents to $172.12. At the end of trading, the selling rate for Euro, ended with a gain of 31 cents at J$131.50, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.71 for a rise of 22 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$112,633 being bought, while US$247,666 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.91 in the lowest selling rate for the US dollar that ended at $99.03. The highest selling rise of the Canadian dollar rose $2.14 to $90, the lowest selling rate fell $1.55 and ended at $79 and Highest selling rate for the British Pound fell $1.17 to $176.99 and the lowest selling rate jumped by $7.20 to $165.20.