Jamaican$ loses value on Wednesday

The Jamaican dollar declined against all the main currencies it normally trade with, on Wednesday. Dealers bought the equivalent of US$34,677,888 of all currencies, and sold US$31,463,177, compared to US$37,551,931 purchased and US$29,217,148 sold on Tuesday.
In US dollar trading, dealers bought US$28,002,163 compared to US$32,852,735 on Tuesday. The buying rate for the US dollar declined by 11 cents to close at $128.31. A total of US$26,059,430 was sold versus US$25,045,457 on Tuesday, with the selling rate rising 1 cent to $129.06. The Canadian dollar buying rate jumped $1.01 to $96.13, with dealers buying C$6,478,095 and selling C$5,747,320 at an average rate that rose 56 cents to $96.95. The average rate for buying the British Pound rose $1.46 to $155.98 for the purchase of £1,383,595 while £797,753 was sold with a rise of 22 cents to end at $157.59.
At the end of trading on Wednesday, dealers sold €55,203 with the selling rate for the Euro, closing with a rise of $2.45 to $142.35, according to data from Bank of Jamaica. Dealers purchased €80,842 of the European common currency at $138.33 after falling 8 cents. The US dollar equivalent of other currencies traded, amounts to US$53,136 being bought and selling of US$51,243.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Wednesday, include a fall in the highest selling rate for the Canadian dollar by $1.05 to $97.25, while the highest selling rate rose $1.15 to $100.98. The highest buying rate for the British Pound rose $1.70 to $158.70 and the lowest buying rate jumped $20.59 to $147, the highest selling rate dived $14.69 to $165.31, the lowest selling rate dropped $1 to $153. The lowest selling rate for the Euro dipped $3.73 to $132.67.