The Jamaican dollar made more gains against the US dollar and the euro in foreign exchange trading on Friday, following gains made on Thursday but lost value against the British pound and the Canadian dollar. At the close of the market, dealers bought the equivalent of US$32,880,249 of all currencies and sold US$32,936,449, compared to US$27,160,634 purchased and US$26,921,870 sold on Thursday.
In US dollar trading, dealers bought US$29,263,004 compared to US$23,108,403 on Thursday. The buying rate for the US dollar rose 6 cents to $127.91. A total of US$29,805,643 was sold versus US$24,915,142 on Thursday, with the selling rate slipping by just 1 cent to $128.78. 
The Canadian dollar buying rate fell 13 cents to $94.67, with dealers buying C$2,044,327 and selling C$3,142,188 at an average rate that increased by $1.51 to finish at $98.17. The average rate for buying the British Pound dropped 66 cents to $158.80 for the purchase of £1,563,019 while £452,709 was sold with a rise of 32 cents to end at $161.77.
At the end of trading on Friday, dealers sold €151,295 with the selling rate for the Euro, closing with a fall of 43 cents to $137.30, according to data from Bank of Jamaica. Dealers purchased €150,857 of the European common currency at $132.33 after falling $3.87.
The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a fall of $1.50 in the lowest selling rate for the US dollar to end at $121.50. The highest buying rate for the British Pound rose $1.30 to $163.50, while the lowest selling rate slipped $1.50 to end at $154. The highest buying rate for the Euro dropped $8.88 to $135.30 and the lowest selling rate fell $1.25 to $132.
A little more gain for Jamaican$
December 9, 2016 by
