Dealers sold US$24,262,138 on Thursday at a record high of J$112.03 to US$1 as the selling rate rose by 4 cents compared to the closing rate on Wednesday. The Canadian dollar also gained against the local currency but the Jamaican dollar gained against the British Pound. Inflows and outflows were almost even, with the equivalent of US$27,672,890 purchased, to US$27,581,379 sold compared to the equivalent of US$29,420,890 bought and $30,842,690 sold on the previous trading day. In US dollar trading, dealers bought US$23,556,430 compared to US$24,714,017 on Wednesday as the buying rate for the US dollar slipped by a cent to $111.43 and sold US$24,262,138 versus US$27,513,720 on Wednesday with the rate closing up 4 cents at $112.03.
The Canadian dollar buying rate increased by $1.51 to $103.95 with dealers buying C$2,340,981 and selling C$2,655,428 as the rate rose by 39 cents to end at $104.89.
The Pound closed at $188.04, for the purchase of £1,066,780, the rate fell back $1.01, while £460,546 was sold, with the rate easing by 18 cents to $190.50. Other currencies bought, amounted to the equivalent of US$132,656 while selling accounted for the equivalent of just US$49,931.
Highs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.60, the lowest buying rate of $91.02, the highest selling rate at $116.63 and the lowest rate of $90.81 were all unchanged at the end of Thursday’s trading.
The highest buying rate for the Canadian dollar rose 28 cents to $104.98, in the meantime the lowest buying rate remained unchanged at $82.50, the highest selling rate rose by $1.21 to $107.57 and lowest selling rate rose 10 cents to $99.50.
The highest buying rate for the Pound increased 5 cents to $191 while the lowest buying rate fell back by $7.32 to $151.89. The highest selling rate rose by $2.63 to $195.86 and the lowest selling rate was up 5 cents to $183.05.
J$ crosses $112 mark for first time
June 26, 2014 by
