NCB sells off $33.7M on Thursday

National Commercial Bank bought US$2,954,333 on Thursday and sold $33,731,041 to help push the total sales of United States dollars by dealers to US$64 million. Trading on Thursday resulted in slight changes in the Jamaican dollar against the US dollar and the Canadian but it fell a bit versus the Pound sterling. The purchase of all currencies by dealers amounted to the equivalent of US$34,195,247 compared with US$40,851,340, on Wednesday and selling, the equivalent of US$65,454,392 versus sale of US$44,427,944, previously.
In US dollar trading, dealers bought US$30,929,977 compared to US$38,957,982 on Wednesday. The buying rate for the US dollar fell 3 cents to $115.69 and US$64,242,043 was sold versus US$42,974,812 on Wednesday, the selling rate increased by 1 cent to $116.12. The Canadian dollar buying rate declined 4 cents to $92.32 with dealers buying C$558,061 and selling C$564,155, at an average rate that fell 3 cents to $95.22. The rate for buying the British Pound rose $1.74 to $179.61 for the purchase of £1,662,400, while £335,075, was sold, at an average rate that rose 96 cents to $180.83. At the end of trading it took J$128.92 to purchase the Euro, 25 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.55 for a fall of 9 cents on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$239,179, while the equivalent of US$227,937, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $116.35. The lowest buying and the highest rates were unchanged at $94.98 and $121.71 respectively but the lowest selling rate added 21 cents to $94.98. The highest buying rate for the Canadian dollar rose 30 cents to $95.10. The lowest buying rate remained unchanged at $75.36, the highest selling rate slipped 84 cents to $97.16 and the lowest selling rate fell $1.20 to $90.80. The highest buying rate for the British Pound, declined $1.60 to $181.90, the lowest buying rate closed unchanged at $144.63, the highest selling rate fell 94 cents to $185.51 with the lowest selling rate dropping $1.25 to $174.25.