Trading in the Jamaican foreign exchange market ended Thursday with inflows and outflows almost matching each other, with dealers buying the equivalent of US$35,408,853 and selling US$34,875,156, in contrast with US$30,741,701 purchased and US$45,468,988 sold on Wednesday.
In US dollars trading, dealers bought US$31,462,644 compared to US$27,773,808 on Wednesday, with the buying rate for the US dollar rising by 22 cents to $120.86. A total of US$32,362,621 was sold versus US$43,559,983 on Wednesday as the selling rate rose 4 cents to $121.42.
The Canadian dollar buying rate rose $1.78 to end at $85.36 with dealers buying C$1,136,090 and selling C$753,990, at an average rate that climbed by $1.19 to $86.88. The rate for buying the British Pound climbed $1.83 to $173.57 for the purchase of £1,777,186, while £776,985 was sold, with the rate jumping $2.45 to $175.67. At the end of trading, the selling rate for Euro, ended with a rise of $1.80 to close at J$134.11, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.31 for a rise of $1.60 from Wednesday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$591,627 being bought, while US$848,923 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $1.95 in the lowest selling rate for the US dollar that ended at $101.11, the highest buying rate for the British Pound climbing $1.50 to $178.20, the highest selling being up by $1.99 to $181.57 and the lowest selling rate gaining $1.50 to $168.50.
Balanced FX flows on Thursday
February 4, 2016 by
