Jamaican $ mostly rose on Thursday

Inflows of foreign currencies into the system on Thursday fell to only US$1.7 million less than the amount sold with the local dollar selling rate gaining value against all the US dollar and the Pound but slipping versus the Canadian currency.
At the close of trading, the equivalent of US$31,897,394 was bought by dealers, compared with US$23,243,562 on Wednesday, while they sold the equivalent of US$33,529,329 versus US$31,032,571 previously. In US dollar trading , dealers bought US$29,365,994 compared to US$20,431,186 on Wednesday. The buying rate for the US dollar rose 20 cents to $119.24 and US$31,266,946 was sold versus US$29,085,477 on Wednesday, the selling rate fell 2 cents to $119.80. The Canadian dollar buying rate fell 27 cents to $87.05 with dealers buying C$890,248 and selling C$1,178,515, at an average rate that rose 5 cents to $89.85. The rate for buying the British Pound declined $1.38 to $178.07 for the purchase of £927,735, while £544,119 was sold, at an average rate that fell $1.91 to $180.32. At the end of trading, it took J$128.55 to purchase the Euro, a rise of 45 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.79 for a rise of 14 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$496,023 being bought, while US$559,431 was sold.
Highs & Lows| On Thursday, the highest buying rate for the US dollar climbed 15 cents to $120.15, the lowest buying rate gained 15 cents to end at $98.53, the highest selling rate remained unchanged at $126.26 and lowest selling rate dropped $18.47 to end at $98.53. The highest buying rate for the Canadian dollar fell $2.88 to $89.50, the lowest buying rate closed unchanged at $72.21, the highest selling rate remained at $93.09 and the lowest selling rate jumped $5.50 to $86. The highest buying rate for the British Pound, rose 10 cents to end at $181.60. The lowest buying rate gained 41 cents to $145.25, the highest selling rate increased $1.79 to $187.25 and the lowest selling rate gained $1 to $175.