Jamaican$ loses against all – Thursday

The Jamaica dollar lost further ground against the United States currency at the close of trading on Thursday as inflows and outflows were even. The local dollar also lost ground against the Pound sterling and the Canadian dollar.
The foreign exchange market closed with dealers buying the equivalent of US$1.3 million more than the amount sold in all currencies, with the total bought by dealers amounting to US$31,582,310 while they sold US$30,242,351, in contrast to US$37,426,947 purchased and US$39,435,110 sold on Wednesday.
In US dollar trading, dealers bought US$27,930,127 compared to US$32,918,142 on Wednesday as the buying rate for the US dollar fell 12 cents to $125.48. A total of US$27,904,144 was sold versus US$36,555,517 on Wednesday with the selling rate rising 5 cents to $126.23. The Canadian dollar buying rate rose 92 cents to end at $95.56 with dealers buying C$704,381 and selling C$628,384, at an average rate that climbed 49 cents to $99.19. The average rate for buying the British Pound jumped $1.02 to $183.34 for the purchase of £2,059,196, while £1,213,267 was sold, with the rate climbing 26 cents to $184.68.
At the end of trading, the selling rate for Euro, gained 22 cents to close at J$142.36 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.58, for a rise of 42 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$107,087 being bought, while US$69,491 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 rise of 94 cents in the lowest selling rate of the US dollar to close at $103.64, a rise of $1.65 in the highest buying rate of the Canadian Dollar to $100, a rise of $1.60 in the highest buying rate of the British Pound to $187.30 and a rise of $3.30 in the lowest selling rate to end at $175.30.