More FX bought than sold – Thursday

The Jamaican foreign exchange market closed on Thursday with buying volume US$2 million more than the amount sold by dealers. At the close of trading, the Jamaican dollar’s lost value against the US dollar and the euro but gained against the Pound and the Canadian currencies.
At the end of trading, the equivalent of all currencies bought by dealers amounted to US$46,893,091, while US$44,516,844 was sold, compared to US$32,082,105 purchased and US$32,451,077 sold on Wednesday.
In US dollar trading, dealers bought US$44,920,559 compared to US$29,052,296 on Wednesday. The buying rate for the US dollar rose by 38 cents to close at $128.30. A total of US$43,323,564 was sold versus US$26,777,442 on Wednesday, with the selling rate rising 11 cents to end at $128.73. The Canadian dollar buying rate rose 9 cents to $93.96, with dealers buying C$637,654 and selling C$421,345 at an average rate that fell 75 cents to $96.63. The average rate for buying the British Pound declined 70 cents to $154.34 for the purchase of £1,185,165 while £627,369 was sold at a rate that dipped 48 cents to end at $156.44.
At the end of trading on Thursday, dealers sold €97,738 as the selling rate for the Euro, closed at $142.95 for gain of 85 cents, according to data from Bank of Jamaica. Dealers purchased €57,659 of the European common currency at $136.62 after falling $4.20. The US dollar equivalent of other currencies traded, amounts to US$18,329 being bought and selling of US$6,042.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Thursday, include a drop of $20.26 in the lowest selling rate of the US Dollar to end at $104.54. The lowest selling rate of the Canadian dollar fell $1.20 to $93. The highest buying rate of the British Pound dropped $2.13 to $157.35, the lowest buying rate climbed $1.03 to $127.61, the highest selling rate rose 83 cents to $166.05 and the lowest selling rate dipped $2.20 to $150. Trading in the Euro resulted in a fall of $1.60 in the highest buying rate to $140, the highest selling rate climbed $3.54 to $149.04 and the lowest selling rate climbed $2 to $138.