In Thursday’s forex trading, dealers sold US$6 million more than they bought on a day when the Jamaican dollar was fairly stable against Jamaica’s three major intervention currencies.
Authorized dealers bought the equivalent of US$32,486,790 on Thursday versus US$40,186,503 on Tuesday, and sold the equivalent of US$38,351,319 compared to US$40,462,437 on Tuesday. In US dollar trading, dealers bought US$26,851,403 compared to US$35,531,731 on Tuesday. The buying rate for the US dollar fell 13 cents to $112.08 and US$35,366,233 was sold versus US$37,371,084 on Tuesday, the selling rate gained 1 cent to $112.83. The Canadian dollar buying rate was up 10 cents, to $100.92 with dealers buying C$1,150,630 and selling C$734,920, the rate rose 4 cents to $103.30.
The Pound closed at $188.31, for the purchase of £2,211,754 as the rate rose 39 cents while £983,331 was sold, as the rate declined 36 cents, to $189.83. Other currencies bought, amounted to the equivalent of US$883,057 while selling was the equivalent of US$657,785.
Highs & Lows| The highest rate for buying the US dollar, fell 10 cents to $113.10, the lowest buying and the highest selling rates remained unchanged, at $91.85 and $117.70 respectively. The lowest selling rate closed $18.15 higher at $110. The highest buying rate for the Canadian dollar fell 18 cents to $103.82 and the lowest buying rate lost 17 cents to $81.59. The highest selling rate declined by 41 cents to $105.50 and the lowest selling rate was down 20 cents to $98.30. The highest buying rate for the British Pound climbed 55 cents to $191, the lowest buying rate was unchanged at $152.31, the highest selling rate rose 28 cents to $196.34 and lowest selling rate fell 70 cents to $183.50.
More Forex sold than bought
August 7, 2014 by