FX Inflows climb J$ falls

The rate to buy the US dollar climbed from JS$130.11 on September 8, and ended at J$131.31 on Friday. For the week US$281 million entered the market including approximately 25 percent due to BOJ and US$219 million left.
In the previous week inflows of finds into the system for the first week of September fell to just US$171 million from US$270 million for the similar period in August while outflows stood at US$145 million from US$213 million. For the just concluded week US246.81 million in US currency was purchased and US$190.81 was sold.
On Friday, dealers purchased the equivalent of US$68.16 million foreign exchange up from US$70.98 million and selling US$58.12 million versus US$70.8 million on Thursday.
Dealers bought US$63.42 million in US currency, at an average of J$130.46 versus J$130.30 on Thursday when they purchased US$58.56 million. The rate to buy the US dollar by the public, rose to an average of J$131.31, resulting from the trading of US$52.68 million from J$131.22 for US$59.51 million on Thursday.
The selling rate for the Canadian dollar dropped to J$105.95 from J$107.94, at the close on Thursday while the British Pound was more costly, with J$174.10 buying the British currency versus J$172.97 previously and the euro, rose in value against the Jamaican dollar, with it taking J$159.58 to buy the European common currency, versus J$156.51 previously.