On Thursday it took an average of 125.33 Jamaican dollars to purchase one United States dollar, at the end of foreign exchange trading, as the currency held above the J$125 mark for the second day in a row.
The foreign exchange market closed on Thursday, with dealers buying the equivalent of US$29,951,569 and selling US$32,955,410, in contrast to US$40,133,137 purchased and US$46,227,120 sold on Wednesday.
In US dollar trading, dealers bought US$25,380,999 compared to US$36,205,793 on Wednesday, as the buying rate for the US dollar rose 12 cents to $124.48.
A total of US$28,555,052 was sold versus US$42,868,784 on Wednesday with the selling rate rising 19 cents to $125.33. The Canadian dollar buying rate rose 11 cents to end at $92.86 with dealers buying C$849,941 and selling C$584,510, at an average rate that declined by $1.02 to $96.20. The rate for buying the British Pound climbed $3.37 to $180.56 for the purchase of £2,675,978, while £1,792,447 was sold, with the rate rising by $2.31 to $182.16.
At the end of trading, the selling rate for Euro, fell 32 cents to close at J$141.15, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.16, for a fall of 21 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$55,064 being bought, while US$1,346,464 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the Jamaican dollar traded at in the foreign exchange market on Thursday, include, a rise of $1.20 in the highest buying rate of the US dollar to end at $127, a decline of $1.05 in the highest buying rate of Canadian dollar to end at $95.50, a fall of $1 in the lowest selling rate to end at $90, a rise of $1.80 in the highest buying rate for the British Pound to $184.60, a drop of $4.79 to $144.42 in the lowest buying rate, a rise of $3.03 to $187.92 for the highest selling rate and a fall of $2.80 in the lowest selling rate to $170.
It’s J$125.33 for one US$
May 19, 2016 by
