Jamaican$ ends mixed on Thursday

Net outflows of Jamaica’s foreign exchange market, rose to more than US$6.7 million on Thursday leaving the surplus since the end of June at US$87 million. In Thursday’s trading, dealers bought US$30,215,014 while they sold US$36,917,077, compared to US$33,586,589 purchased and US$34,833,179 sold on Wednesday of all currencies. The value for the Jamaican dollar fell slightly against the US dollar and the Pound while it rose against the Canadian dollar.
In US dollar trading, dealers bought less US dollars than they sold with buying amounting to US$27,042,275 compared to US$28,209,694 on Wednesday. The buying rate for the US dollar fell 1 cent to $125.74. A total of US$33,427,390 was sold versus US$27,002,488 on Wednesday, with the selling rate rising 4 cents to end at $126.51. The Canadian dollar buying rate declined by 42 cents to end at $94.66, with dealers buying C$2,490,968 and selling C$3,189,437, at an average rate that fell 32 cents to $97.14. The average rate for buying the British Pound fell $1.22 to $161.53 for the purchase of £862,897, while £639,354 was sold to end at $167.85, with a gain of $2.42.
At the end of trading, the selling rate for the Euro, rose 95 cents to close at J$140.50 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$141.11 for a surge of $7.39. The US dollar equivalent of other currencies traded amounts to US$188,894 being bought, while US$192,487 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include, a gain of $1.27 in the highest buying rate of the Canadian Dollar to $97.30, a rise of $2 in the lowest selling rate to $91, while trading in the British Pound resulted in a fall of $8.08 in the highest buying rate to $165.80 as the highest selling rate jumped $10.53 to $182.80 and the lowest selling rate fell $2.80 to end at $158.