Jamaican $ revalues on Tuesday

The Jamaican foreign exchange market trading activity on the final Tuesday in 2015, rose above Monday’s levels with dealers buying almost the same amounts as they sold. The value of the local currency recovered slightly against the three majors as inflows into the market rose to more normal levels for this time of the year.
Dealers bought the equivalent of US$45,261,760 and sold US$44,691,797, compared with US$31,609,960 and US$32,521,826 respectively on Monday.
Sale of US dollars , exceeded the amount dealers bought by US$2 million. Dealers bought US$40,016,157 compared to US$28,536,776 on Monday. The buying rate for the US dollar rose 19 cents to $119.64. A total of US$41,999,216 was sold versus US$31,277,510 on Monday as the selling rate fell 10 cents to $120.32. The Canadian dollar buying rate rose $1.01 to end at $83.76 with dealers buying C$2,901,378 and selling C$1,872,608, at an average rate that fell $1.12 cents to $85.89. The rate for buying the British Pound dropped by $1.38 to $175.10 for the purchase of £1,899,154, while £857,233 was sold, with the rate falling 10 cents to $177.14. At the end of trading, it took J$132.12 to purchase the Euro, for a rise of 23 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.09, rising by 12 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$434,750 being bought, while US$93,951 was sold.
Highs & Lows| The lowest buying rate for US dollar fell 9 cents to $98.61 while the highest buying, the highest and lowest selling rates were unchanged at $$120.70, 126.47 and $116, respectively. The highest buying rate for the Canadian dollar rose 75 cents to $87.20, the lowest buying rate fell 30 cents to $68.31. The highest selling rate remained at $90 and the lowest selling rate lost 50 cents to end at $80. The highest buying rate for the British Pound, dropped $3.80 to end at $179. The lowest buying rate was unchanged at $142.84 and the highest selling rate rose 85 cents to $185 while the lowest selling rate fell 15 cents to $170.55.