Forex trading volumes fall back – Friday

Inflows of foreign currency into the forex market fell to normal at this time of the year on Friday, but the Jamaican dollar held ground against the US dollar and gained versus the pound. The equivalent of US$28,906,392 was bought by dealers, compared with US$63,879,976 on Thursday, while they sold the equivalent of US$23,735,150 versus US$60,651,066 previously.
In US dollar trading , dealers bought US$25,241,490 compared to US$61,389,986 on Thursday. The buying rate for the US dollar fell 37 cents to $118.94 and US$22,798,959 was sold versus US$58,673,239 on Thursday, the selling rate remained unchanged at $119.59. The Canadian dollar buying rate rose 3 cents to end at $89.30 with dealers buying C$923,140 and selling C$599,587, at an average rate that rose 26 cents to $92.26. The rate for buying the British Pound climbed 67 cents to $181.65 for the purchase of £1,856,083, while £251,805 was sold, at an average rate that declined $2.20 to $181.50. At the end of trading, it took J$136.18 to purchase the Euro, with a fall of 55 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.82 for a fall of 5 cents on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$137,268 being bought, while US91,463 was sold.
Highs & Lows| The highest and lowest buying rates for the US dollar ended unchanged at $119.90 and $98.11 respectively, but the highest selling rate ended 6 cents higher at $125.78 and lowest selling rate dropped sharply by $9.17 to $88.95. The highest buying rate for the Canadian dollar rose 24 cents to $93.74, the lowest buying rate climbed 96 cents to $73.75, the highest selling rate added 22 cents to end at $94.83 and the lowest selling rate jumped 50 cents to $88. The highest buying rate for the British Pound, declined 35 cents to end at $184.50. The lowest buying rate rose 42 cents to $148.74, the highest selling rate rose 12 cents to $189.06 and the lowest selling rate closed $2.32 higher to end at $176.50.