FX trading volume drops – Thursday

The Jamaican dollar lost ground slightly against the US dollars and the British pound and rose in value versus the euro and Canadian dollars in foreign exchange trading on Thursday. Dealers bought the equivalent of US$23,131,959 of all currencies and sold US$18,138,969, compared to US$42,647,035 purchased and US$37,480,324 sold on Wednesday.
In US dollar trading, dealers bought US$19,995,977 compared to US$37,980,242 on Wednesday. The buying rate for the US dollar fell 34 cents to close at $128.15. A total of US$17,183,431 was sold versus US$32,510,365 on Wednesday, with the selling rate rising 2 cents to end at $129.07. The Canadian dollar buying rate dropped $3.08 to $92.30, with dealers buying C$985,313 and selling C$479,106 at an average rate that fell $1.55 to $95.40. The average rate for buying the British Pound rose by 88 cents to $157.62 for the purchase of £1,885,017 while £377,061 was sold with a gain of 11 cents to end at $160.78.
At the end of trading on Thursday, dealers sold €121,036 with the selling rate for the Euro, closing with a fall of 76 cents to $137.15, according to data from Bank of Jamaica. Dealers purchased €100,102 of the European common currency at $130.54 after dropping $5.11. The US dollar equivalent of other currencies traded, amounts to US$5,821 being bought and selling of US$3,147.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Thursday, include a jump in the lowest selling rate for the US dollar by $19.96, to $124. A fall of $2.90 in the highest buying rate for the Canadian dollar to $96.10, while the highest selling rate slipped by $1.19 to $99.25. The highest buying rate for the British Pound declined by $1 to $161, the lowest buying rate fell $1.09 to $129.07, while the lowest selling rate fell $1.50 to $154.50. The highest buying rate for the Euro fell $2.80 to $134.20, the highest selling rate gained $3.10 to $143.10 and the lowest selling rate fell by 90 cents to $131.90.