FX levels rise but J$ falls Friday

On Friday, the Jamaican dollar slipped slightly against the US dollar, down sharply against the British pound and gained against Canadian dollar, as purchases of all currencies by dealers amounted to the equivalent of US$30,912,231 compared with US$22,936,813 on Thursday and selling of the equivalent of US$25,107,740 versus sale of US$23,541,033, previously.
In US dollar trading, dealers bought US$26,664,183 compared to US$21,139,764 on Thursday. The buying rate for the US dollar rose 11 cents to $115.32 and US$22,768,790 was sold versus US$22,178,470 on Thursday, the selling rate was up 4 cents to $115.85. The Canadian dollar buying rate jumped $1.42 to $94.49 with dealers buying C$1,775,802 and selling C$912,584, at an average rate that fell 29 cents to $95.69. The rate for buying the British Pound jumped $3.70 to $176.54 for the purchase of £1,673,900, while £929,356, was sold, at an average rate that rose $2.62 to $178.10. At the end of trading it took J$130.42 to purchase the Euro, $1.06 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.80 for a fall of $1.05 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$230,328, while the equivalent of US$156,522, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $116.15. The lowest buying and highest selling rates remained at $94.61 and $121.23 respectively, while the lowest selling rate dropped 76 cents to $93.85. The highest buying rate for the Canadian dollar fell 4 cents to $95.96. The lowest buying rate rose 25 cents to $76.61, the highest selling rate fell 2 cents to $98.76 and the lowest selling rate dropped $2 to $90. The highest buying rate for the British Pound, climbed $2.50 to $179, the lowest buying rate plunged $16.69 to $124, the highest selling rate rose 76 cents to $182.13 with the lowest selling rate falling 50 cents to $169.