J$ loses value again on Thursday

Purchases by dealers of foreign currencies on Thursday, resulted in the Jamaican currency selling rate slipping against the Canadian and US dollar. The market closed with dealers buying the equivalent of US$28,138,795 in contrast to US$32,445,592 on Wednesday, while they sold the equivalent of US$26,796,262, previously US$36,993,445.
In US dollar trading , dealers bought US$25,757,077 compared to US$28,613,770 on Wednesday. The buying rate for the US dollar rose 10 cents to $116.94 and US$25,025,994 was sold versus US$35,596,264 on Wednesday, the selling rate increased 2 cents to $117.53. The Canadian dollar buying rate dropped 2 cents to $87.23 with dealers buying C$839,532 and selling C$1,044,703, at an average rate that rose 49 cents to $89.95. The rate for buying the British Pound climbed 47 cents to $181.18 for the purchase of £1,020,720, while £497,769 was sold, at an average rate that dropped 37 cents to $183.76. At the end of trading, it took J$129.92 to purchase the Euro, with a rise of 29 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.24 for a gain of 18 cents on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$174,103, while the equivalent of US$192,515 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $117.80 while the lowest buying and the highest selling rates were unchanged at $96.19 and $123.26 respectively, the lowest selling rate dipped $18.81 to $96.19. The highest and lowest buying rates for the Canadian dollar were unchanged at $89.70 and $71.63 respectively. The highest selling rate gained 14 cents to end at $92.34 and the lowest selling rate fell $1.10 to $85.50. The highest buying rate for the British Pound, rose 40 cents to $184.10, the lowest buying rate remained at $148.07. The highest selling rate jumped $3.38 to $190.89 and the lowest selling rate inched up 40 cents to $178.40.