The Jamaican dollar lost value against the US dollar, the British pound and the Canadian dollar, on Thursday. Authorized dealers purchased the equivalent of US$27,640,306 versus US$31,872,356 on Wednesday, and sold the equivalent of US$27,319,898 compared with US$33,727,145 on Wednesday.
The volume bought by dealers on Thursday, is slightly less than for the similar day in December last year, by with US$2.4 million but sales were $2.7 million higher in 2013 than this Thursday. For the week to Thursday purchases were more than in 2013 and sales much less than in 2013.
In US dollar trading, dealers bought US$23,030,965 compared to US$26,146,822 on Wednesday. The buying rate for the US dollar fell 2 cents to $113.16 and US$24,202,008 was sold versus US$30,605,638 on Wednesday. The selling rate rose 7 cents at $113.76 The Canadian dollar buying rate rose 7 cents to $97.70 with dealers buying C$1,260,355 and selling C$783,450, at an average selling rate that increased 77 cents, to $99.78. The rate for buying the British Pound fell 24 cents to $176.56, for the purchase of £1,944,876, while £1,207,615 was sold, the rate rose 10 cents to $178.14. Other currencies bought, amounted to the equivalent of US$486,539 while the equivalent of US$539,650, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 7 cents higher at $114, the lowest buying and the highest selling rates were unchanged at $93.35 and $119.63 respectively, but the lowest selling rate rose 42 cents to $93.52. The highest buying rate for the Canadian dollar fell 40 cents to end at $99.85. The lowest buying rate closed unchanged at $79.76. The highest selling rate dived 68 cents to $102.15 and the lowest selling rate climbed $1.95 to $96.25. The highest buying rate for the British Pound, gained 20 cents to $179. The lowest buying rate is up 49 cents to $143.96, the highest selling rate eased $3.15 to $181.80 and the lowest selling rate fell $1.20 to $171.65.
J$ slips against all on Thursday
December 4, 2014 by