J$ trade mix on Thursday

Purchases by dealers of foreign currencies on Thursday, resulted in the Jamaican currency selling rates being mixed with the locally currency slipping just 2 cents versus the dominant US dollar. The market closed with dealers buying the equivalent of US$39,692,814 in contrast to US$34,248,600 on Wednesday, while they sold the equivalent of US$37,409,650, previously US$42,427,499.
In US dollar trading , dealers bought US$34,834,813 compared to US$31,335,438 on Wednesday. The buying rate for the US dollar rose 11 cents to $116.89 and US$35,232,533 was sold versus US$41,081,381 on Wednesday, the selling rate increased 2 cents to $117.43. The Canadian dollar buying rate fell 45 cents to $87.58 with dealers buying C$1,047,913 and selling C$870,233, at an average rate that declined 15 cents to $89.78. The rate for buying the British Pound climbed 53 cents to $180.74 for the purchase of £2,559,153, while £816,276 was sold, at an average rate that climbed 2 cents to $182.62. At the end of trading, it took J$131.38 to purchase the Euro, with a rise of $1.69 on Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.70 for a rise of $1.54 on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$115,598, while the equivalent of US$242,327 was sold.
Highs & Lows| The highest buying rate for the US dollar, gained 5 cents to $117.60, the lowest buying rate rose 4 cents to $96.19, the highest selling rates climbed 5 cents to $123.26 and the lowest selling rate remained at $96.15. The highest buying rate for the Canadian dollar rose 70 cents to $91. The lowest buying rate rose 54 cents to $71.63, the highest selling rate lost 50 cents to $92.50 and the lowest selling rate slipped 60 cents to $86.30. The highest buying rate for the British Pound, was unchanged at $183.20, the lowest buying rate rose $1.03 to $147.28, the highest selling rate dived $2.47 to $186.92 and the lowest selling rate dropped $1.50 to $176.