The foreign exchange market closed on Thursday, with dealers buying the equivalent of US$34,538,580 and selling a lesser amount of US$28,970,535, in contrast to US$30,075,609 purchased and US$34,894,176 sold on Wednesday.
In US dollar trading, dealers bought US$31,823,942 compared to US$27,452,160 on Wednesday, as the buying rate for the US dollar rose 22 cents to $123.65. A total of US$26,895,108 was sold versus US$33,361,430 on Wednesday with the selling rate rising 21 cents to $124.36. The Canadian dollar buying rate climbed 29 cents to end at $93.81 
with dealers buying C$921,762 and selling C$578,798, at an average rate that gained $1.01 to $96.66. The rate for buying the British Pound rose 21 cents to $176.16 for the purchase of £1,346,582, while £655,809 was sold, with the rate climbing by 45 cents to $178.63.
At the end of trading, the selling rate for Euro, rose 70 cents to close at J$141.94, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139, for a rise of $1.01 from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$96,933 being bought, while US$683,621 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Thursday are, a rise of $19.37 in the lowest selling rate of US dollar to end at $119.90, a rise of $1.40 in the highest buying rate of Canadian dollar to end at $98.20 and a fall of $5.50 in the lowest selling rate to end at $84.50. There was a fall of $1 in the highest buying rate for the British Pound to $180.50, a decline of $6.17 in the lowest buying rate to $142.51 and a jump of $3.04 in the highest selling rate to $185.76.
More FX bought than sold – Thursday
May 12, 2016 by
