Losses for Jamaican$ on Tuesday

Trading resulted in the Jamaican dollar losing value on Tuesday as the market ended with dealers buying the equivalent of US$42,863,013 and selling US$47,456,165, in contrast to US$51,988,256 purchased and US$42,767,826 sold on Monday.
In US dollars trading, dealers bought US$38,864,989 compared to US$47,140,812 on Monday, as the buying rate for the US dollar rose 1 cent to end at $121.33. A total of US$44,298,247 was sold versus US$41,056,525 on Monday, the selling rate rose 6 cents to end at $121.99. The Canadian dollar buying rate gained 31 cents to end at $90.57 with dealers buying C$1,596,098 and selling C$618,347, at an average rate that climbed $1.34 to $94.69. The rate for buying the British Pound dipped by 54 cents to $171.16 for the purchase of £1,927,091, while £618,347 was sold, as the rate gained 22 cents to $172.70. At the end of trading, the selling rate for Euro, fell 45 cents to close at J$137.29, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$134.55 for a fall of 35 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$88,067 being bought, while US$183,721 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a rise of $2.05 in the highest buying rate of the Canadian dollar to $95.65. A decline of $2.20 in the highest buying rate of the British Pound to $174.60, slippage of $2.34 to $181.26 in the highest selling rate while the lowest selling rate was down $1.20 to $165.