NCB sold off big block of £ – Tuesday
March 15, 2016 by IC Insider.com
Trading resulted in the Jamaican dollar gaining value against the US dollar on Tuesday but falling against the Pound and the Canadian. The market ended with dealers buying the equivalent of US$38,374,952 and selling US$59,515,111, in contrast to US$55,938,398 purchased and US$42,243,409 sold on Monday.
In US dollars trading, dealers bought US$35,361,406 compared to US$52,402,992 on Monday, with the buying rate for the US dollar falling 15 cents to $121.31. A total of US$38,036,432 was sold versus US$40,586,538 on Monday as the selling rate fell 1 cent to end at $122.02. The Canadian dollar buying rate lost 22 cents to end at $88.16 with dealers buying C$1,087,597 and selling C$817,857, at an average rate that rose 47 cents to $91.29. The rate for buying the British Pound dropped $1.46 to $169.43 for the purchase of £1,474,724, while £14,483,014 was sold, the rate rose 49 cents to $173.53. At the end of trading, the selling rate for Euro, fell by 63 cents to close at J$135.54, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.88 for a fall of 65 cents on Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$163,481 being bought, while US$269,070 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a fall of $1.20 in the lowest selling rate of the Canadian dollar to close at $85 and a fall of $2 in the lowest selling rate of the British Pound that landed at $165.
Filed Under: Company News, Feature Stories, FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, euro, FX Market, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar
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