Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping slightly against the US dollar on Thursday. The market ended with dealers buying the equivalent of US$30,209,395 and selling US$32,885,951, in contrast to US$35,500,755 purchased and US$40,719,380 sold on Wednesday.
In US dollars trading, dealers bought US$27,859,338 compared to US$31,719,075 on Wednesday, with the buying rate for the US dollar rising 7 cents to $121.33. A total of US$30,893,426 was sold versus US$37,320,280 on Wednesday as the selling rate climbed 5 cents to $122.01. The Canadian dollar buying rate fell $1.63 to end at $87.96 with dealers buying C$762,092 and selling C$1,488,191, at an average rate that rose $1.42 to $92.26. The rate for buying the British Pound dropped 51 cents to $169.62 for the purchase of £1,173,054, while £526,186 was sold, the rate fell 7 cents to $172.37. At the end of trading, the selling rate for Euro, fell 46 cents to close at J$134.29, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.51 for a fall of 37 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$157,632 being bought, while US$123,757 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a rise of $18.30 in the lowest selling rate for the US dollar that ended at $118, a rise of $1.10 in the lowest selling rate of the Canadian dollar that closed at $86.10 and a rise of $2 in the lowest selling rate of the British Pound that landed at $166.
J$ down on Thursday
March 10, 2016 by