US$ build up $11m to US$132m – Wednesday

Jamaica’s foreign exchange dealers bought US$11 million more than the amount sold on Wednesday, putting the surplus bought since the end of June to US$132 million, with the rate of the Jamaican dollar rising marginally against the United States currency.
In Wednesday’s trading, dealers bought US$35,858,443 and sold US$24,832,468 compared to US$32,763,938 purchased and US$35,875,715 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$32,777,120 compared to US$29,193,791 on Tuesday. The buying rate for the US dollar rose 16 cents to $125.98. A total of US$23,290,324 was sold versus US$34,459,336 on Tuesday, with the selling rate falling 5 cents to end at $126.66. The Canadian dollar buying rate climbed 18 cents to end at $93.65, with dealers buying C$1,287,555 and selling C$914,662 at an average rate that increased by 96 cents to $96.21. The average rate for buying the British Pound fell 43 cents to $161.18 for the purchase of £1,537,436, while £513,286 was sold to end at a rate of $162.98, for a gain of $1.80.
No rates were posted by Bank Of Jamaica for the Euro, on Wednesday. The US dollar equivalent of other currencies traded amounts to US$145,042 being bought, while US$186,931 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Wednesday, include, a fall of 85 cents in the highest buying rate of the US dollar to $127.15, a jump of $19.75 in the lowest selling rate to $123, a decline of $1 in the lowest selling rate of Canadian Dollar to close at $88, while trading in the British Pound resulted in a dip of $1.75 in the lowest selling rate to $158.