The slippage of the Jamaican dollar continued on Friday and was unabated against the US dollar since Tuesday April 14. Purchases of all currencies by dealers on Friday amounted to US$28,651,795 equivalent, compared with US$32,959,776, on Thursday and selling of the equivalent of US$28,357,266 versus sale of US$32,149,238, previously.
In US dollar trading, dealers bought US$25,241,737 compared to US$29,244,108 on Thursday. The buying rate for the US dollar was unchanged at $114.77 and US$26,240,617 was sold versus US$29,126,877 on Thursday, the selling rate rose 9 cents to end at $115.39. The Canadian dollar buying rate fell $1.16 to $92.45 with dealers buying C$898,214 and selling C$1,039,537, at an average rate that rose 47 cents to $94.81. 
The rate for buying the British Pound rose $1.19 to $171.69 for the purchase of £1,113,056, while £340,322 was sold, at an average rate that climbed 92 cents to $173.83. At the end of trading it took J$124.55 to purchase the Euro, 96 cents more than on Thursday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.11 for a rise of 90 cents from Thursday ’s rate. Other currencies bought, amounted to the equivalent of US$1,021,450, while the equivalent of US$749,751, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $115.65. The lowest buying rate inched up 17 cents to $93.94, the highest selling rate remained unchanged at $120.37 and the lowest selling rate rose 17 cents to $93.94.
The highest buying rate for the Canadian dollar rose $1.28 to $96.28. The lowest buying rate was unchanged at $74.45, the highest selling rate gained 69 cents to $97.80 and the lowest selling rate gained 5 cents to $89.75. The highest buying rate for the British Pound, dropped $1.66 to $175.10, the lowest buying rate declined 66 cents to $137.12, but the highest selling rate fell 47 cents to $178.03 with the lowest selling rate falling 80 cents to $165.20.
2 weeks of decline for J$
April 24, 2015 by
