The Jamaican dollar recorded all-round gains in foreign exchange trading on Monday. At the close of the market, dealers bought the equivalent of US$57,145,968 of all currencies and sold US$44,171,546, compared to US$44,831,673 purchased and US$39,459,521 sold on Friday.
In US dollar trading, dealers bought US$49,535,429 compared to US$39,652,245 on Friday. The buying rate for the US dollar fell 25 cents to $127.73. A total of US$40,408,814 was sold versus US$32,675,259 on Friday, with the selling rate declining 8 cents to end at $128.61. The Canadian dollar buying rate rose 4 cents to $94.90, with dealers buying C$6,252,854 and selling C$2,626,895 at an average rate that decreased by $1.19 to finish at $96.31. 
The average rate for buying the British Pound dropped 60 cents to $157.20 for the purchase of £2,267,695 while £1,191,171 was sold with a fall of 7 cents to end at $159.60.
At the end of trading on Monday, dealers sold €292,265 with the selling rate for the Euro, closing with a fall of 36 cents to $135.70, according to data from Bank of Jamaica. Dealers purchased €147,019 of the European common currency at $128.75 after falling $1.99. The US dollar equivalent of other currencies traded, amounts to US$26,092 being bought and selling of US$8,997.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a rise of $16.67 in the lowest selling rate of the US dollar to $120. 
The highest buying rate for the Canadian dollar rose $3.10 to end at $100, while the highest selling rate jumped $4 to $104.44 and the lowest selling rate lost 80 cents to $91.50. The lowest buying rate for the British Pound fell $1 to $128.90, the highest selling rate dipped $1.30 to end at $167.72 and the lowest selling rate gained $1 to $154. The highest buying rate for the Euro dropped $1.50 to $132, the highest selling rate dropped $3.89 to $139.86, while the lowest selling rate climbed $1.50 to $129.50.
More gains for Jamaican$ – Monday
December 19, 2016 by
