The volume of foreign exchange traded by dealers on Thursday, was much less than on Wednesday, but the Jamaican dollar was stable, against the US dollar and gained versus the British Pound and the Canadian dollar.
Authorized dealers purchased the equivalent of US$27,425,390 versus US$35,555,039, on Wednesday. The equivalent of US$26,636,124was sold, compared with US$31,228,226 on Wednesday.
In US dollar trading, dealers bought US$24,447,336 compared to US$29,154,363 on Wednesday. The buying rate for the US dollar slipped 1 cent to $112.15 and US$23,969,529 was sold versus US$27,180,996 on Wednesday, the selling rate remained at $112.62. The Canadian dollar buying rate, fell 6 cents to $98.39 with dealers buying C$1,819,686 and selling C$1,759,068, at an average selling rate that dropped 18 cents, to $99.49. The rate for buying the British Pound dropped $1.66 to $177.04, for the purchase of £768,058, while £582,736 was sold, at $179.73, down 20 cents. Other currencies bought, amounted to the equivalent of US$169,221, while selling was for the equivalent of US$182,648.
Highs & Lows| The highest buying rate for the US dollar, closed down $1.15, at $112.80, the lowest buying, the highest and the lowest selling rates, were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar climbed 72 cents to $101, the lowest buying rate declined 33 cents to $79.18 and highest selling rate fell $1.49 to $102.51. The lowest selling rate closed up 30 cents to $95.40. The highest buying rate for the British Pound, rose 22 cents to $180.55, the lowest buying rate is down $2.32 to $144.21, the highest selling rate jumped $2.69 to $185.91 and the lowest selling rate rose 75 cents to $173.75.
Jamaican$ gains on Thursday
October 16, 2014 by
