Jamaican$ lost more on Wednesday

The Jamaica dollar fell against the United States currency at the close of trading on Wednesday as inflows were US$3.6 million less than the amount sold. The local dollar lost ground against the Pound sterling as the British currency gained strength with public opinion polls continuing to suggest that British voters will vote in favour of remaining in the euro zone.
The foreign exchange market closed with dealers selling the equivalent of US$2 million more than the amount bought in all currencies, with the total of all currencies bought by dealers amounting to US$37,426,947 while they sold US$39,435,110, in contrast to US$33,116,369 purchased and US$38,589,783 sold on Tuesday.
In US dollar trading, dealers bought US$32,918,142 compared to US$28,605,114 on Tuesday as the buying rate for the US dollar rose 25 cents to $125.60. A total of US$36,555,517 was sold versus US$35,845,081 on Tuesday with the selling rate rising 7 cents to $126.19. The Canadian dollar buying rate declined by 78 cents to end at $94.64 with dealers buying C$573,575 and selling C$550,022, at an average rate that climbed $1.30 to $98.69. The average rate for buying the British Pound jumped $2.70 to $182.32 for the purchase of £2,527,203, while £1,295,600 was sold, with the rate climbing 39 cents to $184.42.
At the end of trading, the selling rate for Euro, fell 74 cents to close at J$142.15 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.16, for a dip of 81 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$408,341 being bought, while US$555,908 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Wednesday, include, a drop of $17.30 in the lowest selling rate of the US dollar to close at $102.70, a rise of $5.02 in the lowest buying rate of the Canadian Dollar to $78.02, a rise of $1.50 in the lowest selling rate to $93.50, a fall of $2.08 in the highest buying rate of the British Pound to $185.70. The lowest buying rate of the Pound climbed $1.25 to $148.16 with the highest selling rate leaping $1.62 to $192.78 and the lowest selling rate jumping $16.24 to $172.