The Jamaican dollar made more gains against the US dollar, the Canadian dollar and the euro in foreign exchange trading on Tuesday, following gains made on Monday but lost value against the British pound. At the close of the market, dealers bought the equivalent of US$57,996,882 of all currencies and sold US$49,187,617, compared to US$57,401,488 purchased and US$40,932,708 sold on Monday.
In US dollar trading, dealers bought US$53,844,073 compared to US$52,617,172 on Monday. The buying rate for the US dollar rose 11 cents to $128.12. A total of US$47,268,489 was sold versus US$38,895,105 on Monday, with the selling rate slipping by 2 cents to $128.70. 
The Canadian dollar buying rate gained 53 cents to $94.64, with dealers buying C$1,692,991 and selling C$843,626 at an average rate that lost 12 cents to finish at $96.91. The average rate for buying the British Pound jumped $1.05 to $160.23 for the purchase of £2,229,345 while £918,792 was sold with a rise of 49 cents to end at $162.12.
At the end of trading on Tuesday, dealers sold €108,436 with the selling rate for the Euro, closing with a fall of $1.10 to $136.14, according to data from Bank of Jamaica. Dealers purchased €103,237 of the European common currency at $131.91 after rising 56 cents. The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a fall of $1.27 in the highest buying rate for the Canadian dollar to end at $96.93. The highest buying rate for the British Pound dropped $2.78 to $163.40, while the highest selling rate gained $1.08 to end at $171.72. The highest selling rate for the Euro dropped $2.96 to $139.60.
More gains for Jamaican$
December 13, 2016 by
