Jamaica’s forex market returned to normal on Tuesday, with volumes being low at this time of the year. Trading ended in the foreign exchange market with the equivalent of US$23,638,977 bought by dealers, compared with US$87,964,632 on Monday, while they sold the equivalent of US$26,888,583 versus US$82,948,742 previously.
In US dollar trading , dealers bought US$21,150,981 compared to US$84,551,283 on Monday. The buying rate for the US dollar declined 51 cents to $118.42 and US$25,239,896 was sold versus US$81,821,341 on Monday, the selling rate was unchanged at $119.23. 
The Canadian dollar buying rate rose 10 cents to end at $87.91, with dealers buying C$1,071,330 and selling C$926,454, at an average rate that rose 57 cents to $90.75. The rate for buying the British Pound climbed 93 cents to $178.05 for the purchase of £1,023,198, while £506,853 was sold, at an average rate that climbed $1.15 to $180.60. At the end of trading, it took J$133.68 to purchase the Euro, with a decline of 77 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.34, for a fall of 23 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$154,247 being bought, while US$175,823 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 35 cents on Tuesday to $119.80, the lowest buying rate put on 21 cents to end at $97.82, the highest selling rate gained 16 cents to end at $125.35 and lowest selling rate jumped $18.41 to $116.10. 
The highest buying rate for the Canadian dollar dropped 90 cents to $91.10, the lowest buying rate gained 58 cents to $72, the highest selling rate fell $1.04 to end at $93.16 and the lowest selling rate jumped $2.75 to $86.75. The highest buying rate for the British Pound, rose 65 cents to end at $181.20. The lowest buying rate leapt $4.42 to $145.62, the highest selling rate dived $2.20 to $185.10 and the lowest selling rate climbed $11.70 to close at $174.
Jamaica’s forex returns to normal on Tuesday
October 6, 2015 by
