The average closing rates trading the Jamaican dollar in the foreign exchange market were mixed against the main currencies it normally trade with, on Thursday. Dealers bought the equivalent of US$37,367,097 of all currencies, and sold US$36,133,436, compared to US$35,097,312 purchased and US$41,311,362 sold on Wednesday.
In US dollar trading, dealers bought US$31,042,246 compared to US$29,558,721 on Wednesday. The buying rate for the US dollar rose 6 cents to close at $128.41. A total of US$30,989,415 was sold versus US$37,232,249 on Wednesday, with the selling rate rising 2 cents to $129.10. The Canadian dollar buying rate jumped 67 cents to $95.94,
with dealers buying C$6,177,817 and selling C$5,714,958 at an average rate that rose 24 cents to $96.45. The average rate for buying the British Pound dipped 14 cents to $157.33 for the purchase of £934,445 while £325,720 was sold with a rise of 71 cents to end at $160.65.
At the end of trading on Thursday, dealers sold €436,490 with the selling rate for the Euro, closing with a fall of $1.01 to $137.31, according to data from Bank of Jamaica. Dealers purchased €519,931 of the European common currency at $136.28 after falling 89 cents.
The US dollar equivalent of other currencies traded, amounts to US$12,130 being bought and selling of US$4,746.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Thursday, include a rise in the highest buying rate for the Canadian dollar by $1.95 to $98.60,. The highest buying rate for the British Pound rose $3.25 to $163.75, while the highest selling rate rose 81 cents to $168.80. The highest selling rate for the Euro climbed $3.80 to $168.80 and lowest selling rate dived $19.24 to $114.96.
Jamaican$ trades mixed on Thursday
November 17, 2016 by