More FX sold as J$ slips – Monday

Trading in the Jamaican foreign exchange market ended Monday with outflows more than $8 million than inflows, with dealers buying the equivalent of US$77,059,769 and selling US$85,477,235, in contrast with US$59,840,782 purchased and US$63,107,330 sold on Friday.
In US dollars trading, dealers bought US$73,434,983 compared to US$56,067,039 on Friday, with the buying rate for the US dollar rising 10 cents to $121.42. A total of US$83,624,941 was sold versus US$61,386,330 on Friday as the selling rate rose 3 cents to $121.84. The Canadian dollar buying rate fell 62 cents to end at $84.08 with dealers buying C$1,618,650 and selling C$851,202, at an average rate that climbed $1.26 to $86.78. The rate for buying the British Pound rose 37 cents to $172.71 for the purchase of £1,641,392, while £322,934 was sold, with the rate being down $2.21 to $171.97. At the end of trading, the selling rate for Euro, ended with a fall of $1.04 to close at J$136.96, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$134.37 for a decline of 78 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$169,006 being bought, while US$790,203 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.97 in the lowest selling rate for the US dollar that ended at $99.36, the highest buying rate of the Canadian dollar rising $1.10 to $89 and lowest selling rate falling by $1 to $81.50 whilst the highest buying rate for the British Pound fell $2 to $176.