Jamaican$ mostly rose on Wednesday

Trading resulted in the Jamaican dollar mostly gaining value on Wednesday as the market ended with dealers buying the equivalent of US$40,064,336 and selling US$40,071,060, in contrast to US$42,863,013 purchased and US$47,456,165 sold on Tuesday.
In US dollars trading, dealers bought US$36,342,749 compared to US$38,864,989 on Tuesday, as the buying rate for the US dollar fell 1 cent to end at $121.32. A total of US$39,008,262 was sold versus US$44,298,247 on Tuesday, the selling rate rose 2 cents to end at $122.01. The Canadian dollar buying rate fell $1.23 to end at $89.34 with dealers buying C$840,296 and selling C$496,721, at an average rate that dropped $3.15 to $91.54. The rate for buying the British Pound climbed $1.05 to $172.21 for the purchase of £1,967,596, while £301,680 was sold, as the rate fell $2.70 to $170. At the end of trading, the selling rate for Euro, fell 33 cents to close at J$136.96, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$134.17 for a fall of 38 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$309,670 being bought, while US$269,807 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a rise of $1.15 in the highest buying rate of the US dollar to $123.30 and a rise of $1.97 in the lowest selling rate to $101.75. The highest buying rate of the Canadian dollar dropped $3.15 to $92.50 while a decline of $1.29 in the lowest buying rate took the final rate to $73. There was a rise of $1.30 in the highest buying rate to $175.90 for the British Pound while the lowest buying dipped $1.99 to $138.61.