More Jamaican$ losses on Wednesday

Trading in the foreign exchange market resulted in the Jamaican dollar mostly losing value on Wednesday. The market closed with dealers buying the equivalent of US$34,586,838 and selling US$34,218,881, in contrast to US$35,396,058 purchased and US$38,476,966 sold on Tuesday.
In US dollars trading, dealers bought US$31,495,963 compared to US$31,090,615 on Tuesday, as the buying rate for the US dollar added 20 cents to close at $121.54. A total of US$33,131,671 was sold versus US$35,644,274 on Tuesday, the selling rate gained 11 cents to $122.15. The Canadian dollar buying rate fell 81 cents to end at $91.74 with dealers buying C$899,468 and selling C$554,164, at an average rate that rose 11 cents to $94.50. The rate for buying the British Pound declined $1.55 to $169.94 for the purchase of £1,624,060, while £338,521 was sold, as the rate slipped 51 cents to $171.89. At the end of trading, the selling rate for Euro, fell 81 cents to close at J$138.82, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.96 for a fall of 79 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$141,104 being bought, while US$182,081 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a fall of $2.30 in the lowest selling rate of the Canadian dollar to $87 and a fall in the lowest selling rate for the British Pound of $1.20 to $165.