JS revaluation continues – Thursday

The Jamaican dollar had another day of moderate appreciation on Thursday, against the major currencies it normally trades against. Purchases of all currencies by dealers ended at US$32,018,857 equivalent, compared with US$32,011,020, on Wednesday and selling of the equivalent of US$55,570,947 versus US$35,962,081 on the previous trading day.
In US dollar trading, dealers bought US$27,951,764 compared to US$30,387,092 on Wednesday. The buying rate for the US dollar fell 6 cents to $114.92 and US$54,257,038 was sold versus US$34,263,115 on Wednesday, the selling rate slipped 1 cent to end at $115.47. The Canadian dollar buying rate rose 78 cents to $89.64 with dealers buying C$1,191,447 and selling C$603,938, at an average rate that dropped 29 cents to $91.13 The rate for buying the British Pound regained $2.49 to $173.40 for the purchase of £1,934,986, while £484,605 was sold, at an average rate of $172.66, for a fall of 84 cents. At the end of trading it took J$122.12 to purchase the Euro, $1.56 less than on Wednesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.78 for a decline of $1.47 from Wednesday. Other currencies bought, amounted to the equivalent of US$218,135 while the equivalent of US$112,645, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.65, $94.36 and $120.91 respectively. The lowest selling rate fell by $1.86, to end at $94.36. The highest buying rate for the Canadian dollar slipped 30 cents to $91.70, the lowest buying rate fell 54 cents to $71.92. The highest selling rate slipped 50 cents to $93.50 and the lowest selling rate declined by 35 cents to $86.65 The highest buying rate for the British Pound, climbed $1.98 to $176.03. The lowest buying rate dropped 88 cents to $138.73, the highest selling rate dipped 15 cents to $178.85 and the lowest selling rate fell $1.15 to $167.15.