US$ just 20 cents shy of J$125

The Jamaican dollar is just 20 cents away from taking 125 of the local currency to buy one United States dollar, at the end of foreign exchange trading on Tuesday.
The foreign exchange market closed on Tuesday, with dealers buying the equivalent of US$32,413,054 and selling US$36,833,568, in contrast to US$47,761,762 purchased and US$44,338,122 sold on Monday.
In US dollar trading, dealers bought US$28,797,954 compared to US$44,507,300 on Monday, as the buying rate for the US dollar rose 9 cents to $123.92. A total of US$35,336,806 was sold versus US$42,340,729 on Monday with the selling rate rising 15 cents to $124.80. The Canadian dollar buying rate jumped $1.25 to end at $93.51 with dealers buying C$1,052,007 and selling C$423,883, at an average rate that fell by $1.38 to $95.12. The rate for buying the British Pound climbed $1.47 to $176.39 for the purchase of £1,929,828, while £620,568 was sold, with the rate rising by 90 cents to $178.32.
At the end of trading, the selling rate for Euro, rose 49 cents to close at J$141.24, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.20, for a rise of 45 cents on Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$74,437 being bought, while US$287,024 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the Jamaican dollar traded at in the foreign exchange market on Tuesday, include, a decline of $1.75 in the highest buying rate of Canadian dollar to end at $97 and a fall of $1.80 in the lowest selling rate to $87.20. The highest buying rate for the British Pound rose $1.65 to $181.30.