US$19M added to December’s surplus

In foreign exchange trading on Wednesday, net inflows was a positive US$19.3 million, continuing the positive flows for December, with only two trading days with negative flows. Market activity led to the selling rates of the US and Canadian dollars and that of the euro falling.
At the close of the market, dealers bought the equivalent of US$53,620,805 of all currencies and sold only US$34,296,736, compared to US$56,569,758 purchased and US$50,911,941 sold on Tuesday.
In US dollar trading, dealers bought US$44,977,358 compared to US$39,593,605 on Tuesday. The buying rate for the US dollar remained unchanged at $127.77. A total of US$27,142,705 was sold versus US$39,593,605 on Tuesday, with the selling rate declining 8 cents to end at $128.50. The Canadian dollar buying rate fell 43 cents to $95.63, with dealers buying C$7,531,239 and selling C$7,227,209 at an average rate that eased 1 cent to finish at $96.69. The average rate for buying the British Pound dropped $1.15 to $157.05 for the purchase of £2,325,710 while £1,268,083 was sold with a rise of 31 cents to end at $159.10.
At the end of trading on Wednesday, dealers sold €121,818 with the selling rate for the Euro, closing with a fall of 33 cents to $135.78, according to data from Bank of Jamaica. Dealers purchased €127,157 of the European common currency at $129.09 after falling 95 cents. The US dollar equivalent of other currencies traded, amounts to US$19,813 being bought and selling of US$16,639.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a fall of $17.88 in the lowest selling rate of the US dollar to $103.12. The highest selling rate for the Canadian dollar fell $1.66 to end at $100.44, while the lowest selling rate rose $3 to $93. The highest selling rate for the British Pound dropped $8.46 to $166.54. The highest buying rate for the Euro jumped $4.50 to $136, the highest selling rate rose $3.26 to $140.40 and the lowest selling rate climbed $1.20 to $130.20.