The Jamaican dollar lost value against the United States and the Canadian dollar, but gained versus the euro and the Pound in Thursday foreign exchange trading in Jamaica.
Overall there was buying of the equivalent of US$42,831,449 versus US$37,454,527 on Wednesday, and selling of the equivalent of US$41,907,894 compared to US$35,556,606 on Wednesday. In US dollar trading, dealers bought US$36,830,088 compared to US$34,094,712 on Wednesday. The buying rate for the US dollar rose 10 cents to $114.04 and US$37,213,356 was sold versus US$30,789,157 on Wednesday while the selling rate rose 10 cents to $114.58. The Canadian dollar buying rate was up 58 cents to $96.44 with dealers buying C$1,634,656 and selling C$3,271,419, at an average selling rate that climbed $1.36, to $99.27. The rate for buying the British Pound rose 33 cents to $177.33 for the purchase of £2,525,435, while £873,242 was sold, the rate eased 75 cents to $179.30. At the end of trading it took J$141.82 to purchase the Euro, $1.23 less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.10, for a fall of $1.26. Other currencies bought, amounted to the equivalent of US$691,817 while the equivalent of US$493,746, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 9 cents higher at $114.89, the lowest buying rate closed 12 cents higher to $93.81. The highest selling rate gained 16 cents to $120.37 and the lowest selling rate fell $16.57 to $95.53. The highest buying rate for the Canadian dollar gained $1.26 to $99.88. The lowest buying rate was unchanged, at $78.19. The highest selling rate fell 50 cents to $101 and the lowest selling rate was unchanged at $94. The highest buying rate for the British Pound, rose 80 cents to $180.20. The lowest buying rate gained 79 cents to $144.75, highest selling rate put on $3.49 to $186.61 and the lowest selling rate rose $1.75 to $174.
J$ up vs euro & Pound, falters with others Thursday
J$ lost ground on Thursday as volumes fall
The Jamaican dollar lost ground against the British pound, the US dollar, but picked up against the Canadian dollar, on Thursday. Authorized dealers purchased the equivalent of only US$23,655,831 versus US$31,732,868, on Wednesday, and sold the equivalent of US$20,111,379 compared with US$31,966,559 on Wednesday.
In US dollar trading, dealers bought US$20,915,015 compared to US$28,285,332 on Wednesday. The buying rate for the US dollar gained 2 cents to $112.94 and US$18,955,032 was sold versus US$30,430,998 on Wednesday. The selling rate climbed 5 cents to $113.54. The Canadian dollar buying rate rose 6 cents to $98.14 with dealers buying C$1,103,035 and selling C$435,771, at an average selling rate that declined 21 cents, to $100.23. The rate for buying the British Pound fell 9 cents to $175.80, for the purchase of £1,057,396, while £416,104 was sold, the rate climbed 33 cents to $178.54. Other currencies bought, amounted to the equivalent of US$136,316, while the equivalent of US$117,294, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 2 cents higher at $113.72, the lowest buying and highest selling rates are unchanged at $93.10 and $119.30 respectively, but the lowest selling rate dropped back $15.56 to $94.94. The highest buying rate for the Canadian dollar fell 30 cents to $100.50, the lowest buying rate and highest selling rates are unchanged at $80.51 and $103.79 respectively. The lowest selling rate fell 55 cents to $97. The highest buying rate for the British Pound, was off 20 cents to $178.80. The lowest buying rate rose 83 to $144.09, the highest selling rate jumped $1.07 to $185.75 and the lowest selling rate slipped $1.25 to $173.