Only 2 cents away on Thursday from J$119

The Jamaican dollar at the end of trading on Thursday declined further against the US dollar to be just 2 cents away from J$119 to 1. Trading ended with the equivalent of US$53,172,006 bought by dealers, compared with US$29,454,444 on Wednesday, while they sold the equivalent of US$58,244,225, versus US$38,709,609 previously.
In US dollar trading , dealers bought US$50,560,723 compared to US$27,318,495 on Wednesday. The buying rate for the US dollar rose 34 cents to $118.65 and US$56,905,545 was sold versus US$37,086,688 on Wednesday, the selling rate rose 2 cents to close at $118.98. The Canadian dollar buying rate fell 26 cents to $86.76, with dealers buying C$925,551 and selling C$857,418, at an average rate that lost 40 cents to $89.15. The rate for buying the British Pound rose 40 cents to $179.09 for the purchase of £1,110,369, while £345,791 was sold, at an average rate that dropped 67 cents to end at $180.76. At the end of trading, it took J$132.58 to purchase the Euro, with a rise of 28 cents on Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.88, for a rise of 40 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$258,627 being bought, while US$170,855 was sold.
Highs & Lows| The highest buying rate for the US dollar on Thursday, the lowest buying and the highest selling rates remained at $120.50, $97.28 and $124.66 respectively while the lowest selling rate dived $16.11 to $99.19. The highest buying rate for the Canadian dollar declined $1.50 to $89, the lowest buying rate remained at $71.46, the highest selling rate declined 73 cents to end at $91.40 and the lowest selling rate slipped 50 cents to $85. The highest buying rate for the British Pound, dropped $2.62 to $181.38, the lowest buying rate dropped $1.66 to $145.58, the highest selling rate dived $4.02 to $185.80 and the lowest selling rate dropped 10 cents to $175.40.