The Jamaican foreign exchange market closed on Thursday with selling of foreign exchange exceeding the amount bought by dealers by US$4 million. At the close of trading, the Jamaican dollar lost value versus the main currencies it normally trades with, except the Canadian dollar.
The equivalent of all currencies bought by dealers amounted to US$23,415,898, on Thursday, while US$27,626,314 was sold, compared to US$44,066,825 purchased and US$32,829,162 sold on Wednesday.
In US dollar trading, dealers bought US$20,369,097 compared to US$37,397,500 on Wednesday. The buying rate for the US dollar fell 4 cents to close at $128.16. A total of US$24,442,485 was sold versus US$28,637,721 on Wednesday, with the selling rate rising 23 cents to end at $129.15.
The Canadian dollar buying rate dropped $2.13 to $96.14, with dealers buying C$1,712,415 and selling C$1,186,408 at an average rate that declined $1.08 to $98.08. The average rate for buying the British Pound jumped 61 cents to $155.66 for the purchase of £1,354,854 while £735,369 was sold at a rate that rose 77 cents to end at $158.10.
At the end of trading on Thursday, dealers sold €1,207,103 as the selling rate for the Euro, closed at $145.01 for gain of $3.22, according to data from Bank of Jamaica. Dealers purchased €78,391 of the European common currency at $145.87 after falling $5.65. 
The US dollar equivalent of other currencies traded, amounts to US$33,600 being bought and selling of US$27,284.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Thursday, include a rise of $1.83 in the lowest buying rate of the British Pound to $128.82. The highest selling rate climbed $3.16 to $167.62 and the highest selling rate of the Euro jumped $4.75 to $147.96.
Jamaican$ falters in FX trading – Thursday
October 20, 2016 by