Jamaican$ slips vs all on Tuesday

The Jamaican FX market saw inflows being evenly matched with outflows the net intake by authorized dealers in the last two weeks at US$43 million as dealers bought US$34,285,976 while they sold US$33,801,066, compared to US$44,428,362 purchased and US$32,128,979 sold on Monday of all currencies.
In US dollar trading, dealers bought US$30,509,159 compared to US$40,750,679 on Monday as the buying rate for the US dollar climbed 7 cents to $125.66. A total of US$30,651,019 was sold versus US$28,803,311 on Monday with the selling rate rising by 13 cents to end at $126.38. The Canadian dollar buying rate rose by 81 cents to end at $93.58 with dealers buying C$1,001,065 and selling C$1,448,252, at an average rate that climbed 40 cents to $97.74. The average rate for buying the British Pound jumped $3.04 to $163.42 for the purchase of £2,265,997, while £1,511,108 was sold, with the rate rising $1.92 to $165.17.
At the end of trading, the selling rate for Euro, rose 11 cents to close at J$140.48 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.28, for a gain of $2.15 from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$84,518 being bought, while US$54,998 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Tuesday, include, a drop of 76 cents in the highest selling rate of the Canadian Dollar to $100.44. The highest buying rate of the British Pound jumped $7.55 to $172, the highest selling rate dropped $1.16 to close at $170.13 while the lowest selling rate jumped $6.93 to end at $157.93.