The Jamaican dollar slipped slightly against the US dollar on Tuesday but remains below the 129 mark as sales of US dollars exceeded buying. The local currency also fell in value against the other three major currencies.
On Tuesday dealers bought the equivalent of US$34,163,768 of all currencies and sold US$38,672,874, compared to US$58,754,418 purchased and US$39,263,489 sold on Monday.
In US dollar trading, dealers bought US$28,047,652 compared to US$52,747,596 on Monday. The buying rate for the US dollar slipped by 29 cents to $127.95. A total of US$35,449,849 was sold versus US$35,020,783 on Monday, with the selling rate rising by 2 cents to $128.91. 
The Canadian dollar buying rate rose by 87 cents to $95.99, with dealers buying C$4,402,789 and selling C$2,199,996 at an average rate that inched up by 5 cents to $97.21. The average rate for buying the British Pound climbed $1.13 to $160.82 for the purchase of £2,063,999 while £950,076 was sold with a rise of $1.15, to end at $163.31.
At the end of trading on Tuesday, dealers sold €222,618 with the selling rate for the Euro, closing with a rise of $1.77 to $139.38, according to data from Bank of Jamaica. Dealers purchased €125,019 of the European common currency at $133.64 after jumping $4.30. The US dollar equivalent of other currencies traded, amounts to US$88,371 being bought and selling of US$119,588.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a rise of $1.10 in the lowest selling rate for the US dollar to end at $121.10. The lowest selling rate for the Canadian dollar jumped $5 to $92. The highest buying rate for the British Pound rose $4.05 to $168.25, the highest selling rate climbed $1.08 to end at $172.26 while the lowest selling rate rose $3.50 to $157.50.
Jamaican$ slips slightly vs US – Tuesday
December 6, 2016 by
