Friday, 20th September 2013 | The Jamaican dollar started the week selling at $102.45 to one United States dollar but by the end of trading on Friday it had moved to JS$102.85. The Canadian, which was sold for $99.46 on at the end of the previous week, was selling for an average of JS$99.75 on Friday and the Pound moved up to $165.34 from $163.23 for the biggest move.
On Friday, there was purchasing by authorized dealers of the equivalent for US27.38 million and selling of US$29.48 million, mostly due to the only US$24.38 million being purchased at an average rate of $102.34, an increase of 38 cents, versus US$26.5 million sold at an average of $102.85, an 8 cents increase for the day.
Dealers purchased the US dollar for 35 cents more at the end of Friday for the highest rate, which moved to $103.75. The lowest buying rate remained unmoved at $84.34. Selling took place at 21 cents more for the highest selling rate of $108.28 and as low as $100, a decrease of 20 cents.
The Canadian was bought by dealers at $98.22, which was down by 99 cents compared to Thursday with inflows of C$822,861 and sold at $99.75 for C$436,398 as the rate slipped by 77 cents, fully reversing Thursday’s gain. At the end of the day, the highest rate dealers bought the Canadian dollar was 30 cents less at $101 but they paid just 29 cents more as the lowest rate moved to $80.51. Selling took place at $104.59 or 80 cents more for the highest selling rate and sold as low as $97.40 and increase of $1.90.
The British Pound buying rate increased 18 cents to close at $162.44 as £1,134 million was purchased and £1.367 million was sold at $165.34 up 57 cents. Dealers bought the pound for 80 cents less at the end of Friday as high as $165.50 but they paid as low as $133.92, which was a $33.92 increase at the end of the day. Selling took place at $1.44 more for the high of $172.64 and sold as low as $157.80 an increase of $16.10.
Week’s highest move | The US dollar moved by 65 cents for the week for the highest buying rate and 21 cents more for the lowest buying rate. The highest selling rate moved up by 21 cents and the lowest by 20 cents. The Canadian moved by $1.20 for the highest buying rate; 33 cent for the lowest buying rate, while the highest selling rate moved up by $1.23 and the lowest by $1.25. The Pound was the big mover for the week as all the rates moved up with the buying rates increasing $2.05 for the high and $2.36 at the low end while $8.05 was put on the highest selling and $2.20 for the lowest.
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