The Jamaican dollar lost value against the US dollar but gained against the British pound and the Canadian dollar, on Tuesday. Authorized dealers purchased the equivalent of US$34,565,581 versus US$36,591,367, on Monday, and sold the equivalent of US$33,169,744 compared with US$35,704,084 on Monday.
In US dollar trading, dealers bought US$29,642,890 compared to US$29,868,883 on Monday. The buying rate for the US dollar rose 16 cents to $113.11 and US$30,393,433 was sold versus US$31,686,958 on Monday. The selling rate was up 4 cents at $113.63 The Canadian dollar buying rate fell 30 cents to $98.33 with dealers buying C$2,355,803 and selling C$1,822,198, at an average selling rate that declined 38 cents, to $99.24. The rate for buying the British Pound dipped 56 cents to $175.58, for the purchase of £1,739,181, while £574,118 was sold, the rate fell back 44 cents to $177.40. Other currencies bought, amounted to the equivalent of US$175,201 while the equivalent of US$288,647, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed $1.15 cents higher at $114.95, the lowest buying and the highest selling rates were unchanged at $93.35 and $119.63 respectively, but the lowest selling rate jumped $17.70 to $111.05. The highest buying rate for the Canadian dollar was unchanged at $100. The lowest buying rate closed 8 cents higher at $79.68. The highest selling rate closed $4.80 higher, at $108.70 and the lowest selling rate rose 10 cents to $96. The highest buying rate for the British Pound, was up 41 cents to $178.95. The lowest buying rate rose 37 cents to $144.21, the highest selling rate rose 48 cents to $185.91 and the lowest selling rate fell 30 cents to $173.