Tuesday, 12th November 2013 | The US dollar was the only currency to strengthen against the Jamaican dollar on Tuesday. Trading in foreign currencies resulted in the highest buying rate for the US dollar closing up 70 cents at $107.00 and the lowest buying rate closing up 4 cents at $85.50; the highest selling rate closed up 6 cents at $109.57 while the lowest declined 8 cents to $85.38.
The highest buying rate for the Canadian dollar closed down 10 cents at $101.50 and the lowest buying rate closed down 33 cents at $79.93; the highest selling rate was down 50 cents at $ 103.20 and the low fell 25 cents to $96.45.
The highest buying rate for the British Pound closed down 65 cents at $169.70 while the low was off 87 cents at $134.71. The highest selling rate closed down $1.12 at $173.66 and the low was off $2.0 at $162.30.
There was buying for US$40,229,588. which was up 57 cents to $105.06 and selling of US$31,274,979 with the rate closing at $105.55 up 17 cents. C$1,032,115 was bought by dealers with the rate up 18 cents to $98.88 and selling amounted to C$820,954 as the rate was down 95 cents to $100.57.
£2,363,306 was bought as the rate moved up 40 cents to $167.12 and £1,233,803 was sold with the rate down $2.19 to $169.24.
Total foreign currencies trading translated to US$45,073,215 being bought by dealers or nearly US$11 million more than the US$34,244,536 being sold.