Michael Manley the man who started the Jamaican dollar slide in the 1970s.
In US dollar trading, dealers bought US$30,637,319 compared to US$36,094,493 on Wednesday. The buying rate for the US dollar rose 8 cents to $116.49 and US$32,858,411 was sold versus US$36,465,228 on Wednesday, the selling rate rose 2 cents to $117.03.
The Canadian dollar buying rate declined $1.09 to $90.40 with dealers buying C$684,621 and selling C$654,945, at an average rate that fell $1.17 to $92.87. The rate for buying the British Pound fell 73 cents to $179.58 for the purchase of £882,554, while £398,803 was sold, at an average rate that declined 15 cents to $183.64. At the end of trading, it took J$129.90 to purchase the Euro, 44 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.30 for 39 cents less than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$106,727, while the equivalent of US$832,251 was sold.Highs & Lows| The majority of price changes for the highs and lows that the Jamaican dollar traded at, were mostly down on Thursday, with only two cases of increases with the highest buying rate for the US dollar rising 10 cents to $117.35.
The lowest buying and the highest selling rates were unchanged at $95.82 and $122.78 respectively, while the lowest selling rate fell 25 cents to $114.70. The highest buying rate for the Canadian dollar dropped $1 to $93, the lowest buying rate lost 71 cents at $73.99. The highest selling rate inched down 60 cents to $96.40 and the lowest selling rate lost 35 cents to $89.15. The highest buying rate for the British Pound, rose 10 cents to $184 and the lowest buying rate declined 70 cents to $147.12, with the highest selling rate falling $3.61 to $187.38 and the lowest selling rate falling 75 cents to $177.25.