Dealers sold a net of US$10 million on Wednesday following on the net sale of US$9 on Tuesday. Purchases of all currencies by dealers amounted to a haul of US$33,890,697 equivalent, compared with US$45,222,043, on Tuesday and selling of the equivalent of US$43,245,266 versus sale of US$54,550,791, on the previous trading day.
In US dollar trading, dealers bought US$27,646,745 compared to US$40,889,369 on Tuesday. The buying rate for the US dollar fell 7 cents to $114.42 and US$39,278,675 was sold versus US$51,941,632 on Tuesday, the selling rate remained at $115.04. The Canadian dollar buying rate rose 83 cents to $90.06 with dealers buying C$3,961,261 and selling C$3,412,312, at an average rate that gained 13 cents to $90.75. The rate for buying the British Pound slipped 25 cents to $168.11 for the purchase of £1,430,371, while £651,652 was sold, at an average rate of $170.04, for a 6 cents rise. At the end of trading it took J$123.56 to purchase the Euro, $1.01 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.12 for a fall of $1.11 from Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$1,024,612 while the equivalent of US$311,534, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.20 to $116.50. The lowest buying rate fell 17 cents to $93.77, the highest selling rate moved up 80 cents to $121.23 and the lowest selling rate jumped with a $17.21 increase to $113. The highest buying rate for the Canadian dollar rose 10 cents to $91.10, the lowest buying rate declined by $1.41 to $71.38, but the highest selling rate was unchanged at $93.84 while the lowest selling rate rose $1.50 to $88. The highest buying rate for the British Pound, remained at $170.25, the lowest buying rate dropped 8 cents to $136.12 but highest rate fell $1.39 to $175.48 and the lowest selling rate increased by $1.90 to $166.
US$10M more sold off on Wednesday
April 1, 2015 by
