Jamaican$ makes gains on Monday

Trading in the foreign exchange market resulted in the Jamaican dollar gaining value against the three major currencies it is normally exchanged with. The market closed with dealers buying the equivalent of US$43,966,113 and selling US$40,723,813, in contrast to US$30,677,839 purchased and US$37,524,758 sold on Friday.
In US dollars trading, dealers bought US$41,142,103 compared to US$27,717,738 on Friday, as the buying rate for the US dollar remained at $121.33. A total of US$39,587,492 was sold versus US$35,846,874 on Friday, the selling rate fell by 6 cents to $122.02. The Canadian dollar buying rate declined 94 cents to end at $89.83 with dealers buying C$1,171,701 and selling C$538,658, at an average rate that declined $1.06 to $91.82. The rate for buying the British Pound rose 67 cents to $168.48 for the purchase of £1,191,516, while £286,641 was sold, as the rate fell 7 cents to $169.61. At the end of trading, the selling rate for Euro, rose 36 cents to close at J$139.26, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.33 for a rise of 30 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$301,872 being bought, while US$332,567 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Monday are, a fall of $18.22 in the lowest selling rate of the US dollar to $99.78, a rise of $1.30 in the lowest selling rate of the Canadian dollar to $88.30. The highest selling rate for the British Pound rose $1.46 to $178.96, while the lowest selling rate dipped $1.70 to end at $163.50.