Trading in the Jamaican foreign exchange market saw dealers purchasing a moderately more US dollars over the amount they sold on Monday for the third consecutive day. The local currency still suffered losses against the US and Canadian dollars at the end of trading.
The market closed with dealers buying the equivalent of US$48,999,565 and selling US$43,396,687, in contrast to US$38,558,450 purchased and US$36,272,279 sold on Friday.
In US dollar trading, dealers bought US$45,983,812 compared to US$35,051,410 on Friday, as the buying rate for the US dollar climbed 6 cents to close at $123.08. 
A total of US$42,353,389 was sold versus US$34,816,524 on Friday with the selling rate rising 9 cents to $123.84. The Canadian dollar buying rate fell $1.57 to end at $91.86 with dealers buying C$1,138,053 and selling C$598,764, at an average rate that rose 25 cents to $95.35. The rate for buying the British Pound declined by $1.95 to $174.03 for the purchase of £1,383,880, while £294,257 was sold, as the rate declined by $2.42 to $174.73.
At the end of trading, the selling rate for Euro, rose 51 cents to close at J$141.36, 
from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.42 for a gain of 49 cents from Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$209,698 being bought, while US$167,122 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Monday are, a rise of $1 in the lowest selling rate of the Canadian dollar to end at $90 and a jump of $22.67 in the lowest selling rate for the British Pound to $169.40.
More slippage for Jamaican$ – Monday
May 9, 2016 by
