Jamaican $ slips on Thursday

The Jamaican foreign exchange market returned to normal on Thursday with dealers buying the equivalent US$33,372,380 and selling US$30,923,069, compared with US$36,348,672 purchased and US$33,993,285 sold on Wednesday. Changes in the rates of the various currencies saw the Jamaican dollar losing value against the majors.
In US dollars trading, dealers bought US$28,892,317 compared to US$32,927,644 on Wednesday with the buying rate for the US dollar rising 3 cents to $120.13. A total of US$29,140,678 was sold versus US$31,914,028 on Wednesday as the selling rate climbed 4 cents to $120.77. The Canadian dollar buying rate fell 48 cents to end at $81.28 with dealers buying C$1,221,260 and selling C$1,111,039, at an average rate that rose 52 cents to $84.30. The rate for buying the British Pound jumped $2.30 to $173.50 for the purchase of £2,418,796, while £545,310 was sold, with the rate rising 9 cents to $172.78. At the end of trading, it took J$130.99 to purchase the Euro, for a rise of 30 cents on Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.35 for a fall of 15 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$160,372 being bought, while US$226,645 was sold.
strong>Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $16.88 in the lowest selling rate for the US dollar to $117.45, the Canadian dollar highest selling rate fell $1.50 to $88.50, the lowest selling rate fell $1 to $80. The highest buying rate of British Pound, rose by $1.48 to $176.68 and the lowest selling rate declined by $1.90 to close at $166.10.