On Thursday the central bank reported net outflows US$2.7 million and an across the board fall in the value for the Jamaican dollar except for a gain in the selling rate of the euro.
At the close of the market, dealers bought the equivalent of US$36,967,257 of all currencies and sold US$39,708,349, compared to US$85,048,825 purchased and US$70,824,719 sold on Wednesday.
In US dollar trading, dealers bought US$30,748,354 compared to US$76,958,108 on Wednesday. The buying rate for the US dollar rose 18 cents to close at $127.49. A total of US$35,784,226 was sold versus US$64,143,542 on Wednesday, with the selling rate rising 21 cents to $128.55.
The Canadian dollar buying rate climbed $3.03 to $95.13, with dealers buying C$3,819,861 and selling C$2,730,497 at an average rate that rose $1.61 to end at $96.71. The average rate for buying the British Pound climbed $1.03 to $155.79 for the purchase of £2,574,231 while £1,415,888 was sold with a rise of 60 cents to end at $157.23.
At the end of trading on Thursday, dealers sold €108,162 with the selling rate for the Euro, closing with a decline of $1.11 to $133.13, according to data from Bank of Jamaica. Dealers purchased €190,099 of the European common currency at $129.56 after gaining $1.62. The US dollar equivalent of other currencies traded, amounts to US$29,692 being bought and selling of US$25,989.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a rise of $1 in the highest buying rate for the Canadian dollar to end at $98.50. The highest buying rate for the British Pound dropped $2.39 to $159.80, the lowest selling rate fell $1.20 to $151, while the highest buying rate for the Euro added $1 to end at $133, the highest selling rate declined by $1.30 to end at $140.40 and the lowest selling rate put on $12.11 to close at $126.25.
Jamaican$ loses ground on Thursday
January 5, 2017 by
