Jamaican$ slips slightly – Thursday

Trading in the foreign exchange market resulted in the Jamaican dollar rising in value against the Pound sterling but slipping slightly versus the US and Canadian dollars on Thursday. The market closed with dealers buying the equivalent of US$29,004,952 and selling US$30,796,524, in contrast to US$37,301,205 purchased and US$38,602,992 sold on Wednesday.
In US dollars trading, dealers bought US$26,385,923 compared to US$32,987,100 on Wednesday, as the buying rate for the US dollar gained 2 cents to end at $121.34. A total of US$29,540,365 was sold versus US$35,699,871 on Wednesday, the selling rate rose by 2 cents to $122.04. The Canadian dollar buying rate declined 67 cents to end at $90.85 with dealers buying C$1,143,634 and selling C$1,049,062, at an average rate that rose by 18 cents to $92.67. The rate for buying the British Pound fell 84 cents to $168.93 for the purchase of £1,093,361, while £201,066 was sold, as the rate fell $2.15 to $169.37. At the end of trading, the selling rate for Euro, fell 3 cents to close at J$138.79, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.97 for a decline of 5 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$240,533 being bought, while US$180,563 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a decline of $5.18 in the lowest selling rate of the US dollar to $94.60, a rise of $1.50 in the lowest selling rate of the Canadian dollar to $87. The highest buying rate for the British Pound fell by 90 cents to $172.10, while the highest selling rate dipped $1.40 to end at $179.82.