In foreign exchange trading on Thursday, net inflows continue to be positive with US$15 million, bringing the net inflows for December to $177 million with the Jamaican dollar gaining in value against the euro, was steady versus the Canadian dollar but slipping slightly against the others.
At the close of the market, dealers bought the equivalent of US$53,928,226 of all currencies and sold US$39,262,075, compared to US$65,090,524 purchased and US$47,042,348 sold on Wednesday.
In US dollar trading, dealers bought US$48,357,262 compared to US$55,315,886 on Wednesday. The buying rate for the US dollar rose 29 cents to close at $127.60. A total of US$35,027,831 was sold versus US$38,694,334 on Wednesday, with the selling rate inching up 2 cents to $128.36. The 
Canadian dollar buying rate fell 53 cents to $93.47, with dealers buying C$3,517,657 and selling C$3,639,157 at an average rate that remained unchanged at $95.25. The average rate for buying the British Pound dropped 92 cents to $153.84 for the purchase of £2,305,644 while £976,838 was sold with a rise of 6 cents to end at $156.62.
At the end of trading on Thursday, dealers sold €300,672 with the selling rate for the Euro, closing with a fall of $1.63 to $134.82, according to data from Bank of Jamaica. Dealers purchased €188,001 of the European common currency at $128.50 after declining $2.42. The US dollar equivalent of other currencies traded, amounts to US$129,105 being bought and selling of US$128,832.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a recovery of $16.67 in the lowest selling rate of the US dollar to $120. The highest buying rate for the British Pound jumped $2.94 to $161.68, the lowest buying rate dropped $33.99 to $93 and lowest selling rate fell $1 to $151, while the lowest selling rate for the Euro jumped $20.44 to $128.50.
Jamaica’s FX surplus rises to $177M
December 29, 2016 by
