More Jamaican$ losses on Thursday

Trading in the foreign exchange market resulted in the Jamaican dollar mostly losing value on Thursday except for the Pound. The market closed with dealers buying the equivalent of US$39,840,995 and selling US$40,874,638, in contrast to US$34,586,838 purchased and US$34,218,881 sold on Wednesday.
In US dollars trading, dealers bought US$36,706,474 compared to US$31,495,963 on Wednesday, as the buying rate for the US dollar added 18 cents to close at $121.72. A total of US$38,957,868 was sold versus US$33,131,671 on Wednesday, the selling rate gained 9 cents to $122.24. The Canadian dollar buying rate rose $2.33 to end at $94.07 with dealers buying C$2,396,649 and selling C$1,831,351, at an average rate that rose 57 cents to $95.07. The rate for buying the British Pound declined $1.05 to $168.89 for the purchase of £872,301, while £320,878 was sold, as the rate slipped $1.43 to $170.46. At the end of trading, the selling rate for Euro, fell $1 to close at J$137.82, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.08 for a fall of 88 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$71,972 being bought, while US$45,047 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a fall of $1.70 in the lowest buying rate for the Canadian dollar to $73, rise of $1.49 in the highest selling rate to $99.04 and rise of $2 in the lowest selling rate to end at $89, while the highest buying rate for the British Pound fell $1.55 to $172.20.