There continues to be net selling of foreign currencies in the system, with net sales on Tuesday, reaching the highest level in recent days, with net sales of US$28 million. Purchases of all currencies by dealers amounted to US$38,377,465 equivalent, compared with US$47,949,340, on Monday and selling of the equivalent of US$66,929,309 versus US$41,988,424 on the previous trading day.
In US dollar trading, dealers bought US$34,755,724 compared to US$43,517,411 on Monday. The buying rate for the US dollar was unchanged at $114.65 and US$64,588,710 was sold versus US$40,670,316 on Monday, the selling rate slipped 2 cents to end at $115.13. The Canadian dollar buying rate rose 4 cents to $89.65 with dealers buying C$1,046,278 and selling C$861,133, at an average rate that climbed 72 cents to $91.89. The rate for buying the British Pound rose 42 cents to $169.31 for the purchase of £1,764,250, while £974,090 was sold, at an average rate of $170.63, for a fall of 50 cents. At the end of trading it took J$125.82 to purchase the Euro, $1.48 more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.40 for an increase of $1.43 over Monday’s rate. Other currencies bought, amounted to the equivalent of US$198,339 while the equivalent of US$209,741, was sold.
Highs & Lows| The highest buying rate for the US dollar, moved up $1.05 to $116.80. The lowest buying, highest selling and the lowest selling rates remained at $93.94, $120.37 and $93.94 respectively. The highest buying rate for the Canadian dollar dipped 5 cents to $91.75, the lowest buying rate rose 17 cents to $71.63, but the highest selling rate rose 33 cents to $94.48 and the lowest selling rate rose $1 to $87.30. The highest buying rate for the British Pound, fell 20 cents to $171.30. The lowest buying rate rose 46 cents to $137.20, the highest selling rate gained 59 cents to $176.87 and the lowest selling rate rose 55 cents to $165.30.

The Jamaican dollar gained against the Canadian and US dollar but lost value with the British pound on Friday. Purchases of all currencies by dealers amounted to US$33,878,712 equivalent, compared with US$34,812,059, on Thursday and selling of the equivalent of US$37,124,006 versus US$44,531,585 on the previous trading day.
In US dollar trading, dealers bought US$31,453,510 compared to US$32,065,663 on Thursday. The buying rate for the US dollar fell 6 cents to $114.71 and US$35,820,483 was sold versus US$43,026,526 on Thursday, the selling rate slipped 8 cents to end at $115.19. The Canadian dollar buying rate fell 21 cents to $88.73 with dealers buying C$906,869 and selling C$659,826, at an average rate that declined 50 cents to $90.33. The rate for buying the British Pound rose $1.18 to $168.51 for the purchase of £928,476, while £358,850 was sold, at an average rate of $170.65, for an increase of $1.11. At the end of trading it took J$122.46 to purchase the Euro, 25 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.09 for an decline 33 cents over Thursday’s rate. Other currencies bought, amounted to the equivalent of US$359,844 while the equivalent of US$254,483, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched down 32 cents to end at 115.48, the lowest buying and highest selling rates remained at $93.94 and $120.37 respectively, while the lowest selling rate fell back $16.33, to $96.17. The highest buying rate for the Canadian dollar rose 40 cents to $91.60, the lowest buying rate was up 25 cents at $71.46, but the highest selling rate fell $2.65 to $92.45 and the lowest selling rate rose 30 cents to $86.10. The highest buying rate for the British Pound, put on $1.55 to $171.55. The lowest buying rate rose $1.74 to $136.62, the highest selling rate fell 59 cents to $175.27 and the lowest selling rate rose 45 cents to $162.95.

The Jamaican dollar had another day of moderate appreciation on Tuesday, against the major currencies it normally trades except for a slight loss in value against the British pound. Purchases of all currencies by dealers amounted to US$34,344,124 equivalent, compared with US$50,720,161, on Monday and selling of the equivalent of US$48,294,987 versus US$42,249,077 on the previous trading day.
In US dollar trading, dealers bought US$31,906,901 compared to US$46,581,763 on Monday. The buying rate for the US dollar inched up 1 cent to $114.88 and US$46,253,301 was sold versus US$40,210,226 on Monday, the selling rate slipped 5 cents to end at $115.34. The Canadian dollar buying rate fell 81 cents to $88.03 with dealers buying C$870,046 and selling C$723,711, at an average rate that dropped 26 cents to $89.94. The rate for buying the British Pound declined $1.56 to $167.73 for the purchase of £1,094,285, while £670,407 was sold, at an average rate of $170.04, for a gain of 8 cents. At the end of trading it took J$122.06 to purchase the Euro, 58 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.69 for an increase of 61 cents over Monday’s rate. Other currencies bought, amounted to the equivalent of US$172,752 while the equivalent of US$488,979, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched up 5 cents to end at 115.85, the lowest buying rate declined by 42 cents to $93.94. The highest selling rate remained at $120.91 while the lowest selling rate rose $18.14, to end at $112.50. The highest buying rate for the Canadian dollar fell 25 cents to $90.05, the lowest buying rate was down 34 cents to $71.21. The highest selling rate lost 22 cents to $92.50 and the lowest selling rate dropped 40 cents to $85.80. The highest buying rate for the British Pound, dived 15 cents to $174.05. The lowest buying rate rose 25 cents to $136.45, the highest selling rate fell $3.15 to $179 and the lowest selling rate rose 30 cents to $164.40.