Jamaican$ continues sliding- Thursday

Trading in the foreign exchange market on Thursday resulted in the Jamaican dollar declining in value for the fourth time this week. The market closed with dealers buying the equivalent of US$32,674,699 and selling US$31,565,070, in contrast to US$33,990,180 purchased and US$38,856,139 sold on Wednesday.
In US dollars trading, dealers bought US$29,806,276 compared to US$30,872,138 on Wednesday, as the buying rate for the US dollar added 11 cents to end at $121.98. A total of US$26,974,270 was sold versus US$36,566,568 on Wednesday, the selling rate rose 9 cents to $122.64. The Canadian dollar buying rate rose 25 cents to end at $94.93 with dealers buying C$1,587,124 and selling C$5,087,645, at an average rate that was up 74 cents to $97.65. The rate for buying the British Pound rose 4 cents to $172.27 for the purchase of £1,109,310, while only £337,379 was sold, as the rate fell $1.84 to $173.03. At the end of trading, the selling rate for Euro, fell 42 cents to close at J$138.89, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.05 for a fall of 13 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$66,687 being bought, while US$63,768 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the currencies on Thursday are, a fall of $15.61 in the lowest selling rate of the US dollar to $84.26, a rise of $1 in the lowest selling rate of the Canadian dollar to $88, a decline of $1.30 in the highest buying rate for the British Pound to $176.20 and an increase of $1 in the lowest selling rate to $166.