The Jamaican lost a small bit of ground against the US dollar on Thursday as US$72.6 million hit market with dealers buying the US dollars higher than on Wednesday and selling just less than the amount purchased for almost the same rate as the previous day. The Pound sterling rates were mixed as more pounds were purchased than sold but rates for the Canadian dollars rose even with more buying than selling. The market is closed on Friday for the Labour Day holiday.
Dealers bought US$68,621,498 compared to US$28,672,969 bought on Wednesday as the buying rate rose by 34 cents to $110.91 and they sold US$67,344,895 versus US$23,946,596 on Wednesday with the rate closing up a cent to $111.19.
The Canadian dollar buying rate rose 60 cents to end at $100.42 with dealers buying C$973,284 and selling C$885,222 with the rate rising by 44 cents to end at $101.96.
The Pound closed at $185.16 for the purchase of £1,333,514 with the rate declining by 83 cents while £1,298,352 was sold with the rate rising by 19 cents to $187.82.
Other currencies bought amounted to the equivalent of US$853,012 while selling accounted for the equivalent of $793,131.
Purchases of all currencies by dealers amounted to the equivalent of US$72,581,952 up from only US$33,892,702 on Wednesday and selling amounted to the equivalent of US$71,142,957 versus US$27,038,237 sold on Wednesday.
Highs & Lows| The highest buying rate for the US dollar fell 10 cents to $111.70 while the lowest buying rate at $90.18 and the highest selling rate at $115.56 remained unchanged but the lowest selling rate rose $2.14 to $92.32.
The highest buying rate for the Canadian dollar gained 60 cents to $102.60, the lowest buying rate fell 8 cents to $80.43. The highest selling rate declined by 27 cents to $103.79 and the lowest selling rate gained $2 to $99.
The highest buying rate for the Pound fell 80 cents to $187.50 while the lowest buying rate was unchanged at $149.15. The highest selling rate increased by $3.47 to $192.92 while the lowest selling rate was up $3.55 to $183.25.
