The Jamaican dollar lost value on Wednesday, against all three main currencies it usually trades against, as authorized dealers purchased the equivalent of US$40,832,885 versus US$52,672,492, on Tuesday. The equivalent of US$39,334,085 was sold, compared with US$42,825,714 on Tuesday.
In US dollar trading, dealers bought US$33,287,323 compared to US$48,572,214 on Tuesday. The buying rate for the US dollar declined 9 cents to $112.13 and US$34,157,406 was sold versus US$40,081,642 on Tuesday, the selling rate rose 4 cents to $112.64. The Canadian dollar buying rate, rose $1.81 to $99.53 with dealers buying C$3,597,830 and selling C$2,871,473, at an average selling rate that rose 17 cents, to $100.32. The rate for buying the British Pound climbed $1.73 to $180.01, for the purchase of £2,614,045, while £1,527,787 was sold, at $181.61, an increase of 38 cents. Other currencies bought, amounted to the equivalent of US$155,493, while the equivalent of US$155,892, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 3 cents, to $112.72, the lowest buying and the highest selling rates, were unchanged at $91.85 and $117.70 respectively, and the lowest selling rate ended up $1.81 at $93.66. The highest buying rate for the Canadian dollar rose 25 cents to $100.70, the lowest buying rate climbed 58 cents to $79.43 and highest selling rate climbed 30 cents to $102.80. The lowest selling rate was up 70 cents at $95.70. The highest buying rate for the British Pound, rose 90 cents to $182.25, the lowest buying rate rose $1.16 to $145.58, the highest selling rate fell $1.64 to $184.54 and the lowest selling rate rose $1.40 to $175.40.
Jamaican$ loses value on Wednesday
October 22, 2014 by
