Inflows of foreign currencies into the system on Thursday was US$4 million less than the amount sold. The local dollar lost value against the US dollar, the Pound and the Canadian currency. At the close of trading, the equivalent of US$33,692,403 was bought by dealers, compared with US$34,595,675 on Wednesday, while they sold the equivalent of US$37,640,407 versus US$38,678,449 previously.
In US dollar trading , dealers bought US$30,282,760 compared to US$31,957,560 on Wednesday. The buying rate for the US dollar gained 15 cents to $119.46 and US$35,351,886 was sold versus US$37,155,313 on Wednesday, the selling rate rose 8 cents at $119.92. The Canadian dollar buying rate gained 48 cents to end at $88.11 with dealers buying C$1,498,296 and selling C$1,277,999, at an average rate that fell 40 cents to $89.57.
The rate for buying the British Pound rose $2.14 cents to $180.93 for the purchase of £1,448,552, while £789,789 was sold, with the rate jumping $2.92 to $183.23. At the end of trading, it took J$127.59 to purchase the Euro, a decline of 3 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.13 for a rise of 9 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$110,795 being bought, while US$127,223 was sold.
Highs & Lows| On Thursday, the highest buying rate for the US dollar rose 8 cents to $120.20, the lowest buying and the highest selling rates remained at $98.57 and $126.31, 
respectively and the lowest selling rate dropped $1.94 to $98.57. The highest buying rate for the Canadian dollar gained 65 cents to end at $90.25, the lowest buying rate remained at $71.80, the highest selling rate was unchanged at $92.55 and the lowest selling rate rose 50 cents to end at $86. The highest buying rate for the British Pound, climbed $1.70 to end at $184. The lowest buying rate was unmoved at $145.25, the highest selling rate gained $1.74 to $186.64 and the lowest selling rate fell $1 to end at $175.
Jamaican $ falls on Thursday
November 19, 2015 by
