The selling rate of Jamaican dollar fell 42 cents in value against the United States dollar for the week ending Friday, but the rate dealers bought US dollar fell 30 cents from the closing rate of the previous week.
For the week, dealers traded less foreign currency that in the prior week. They purchased US$174 million in all currencies, down from US$185 million in the previous week and sold US$156 million, down from US$167 million sold in the prior week. Actual US dollar purchases amounted to US$155 million down from US$171 million in the prior week and sold US$144 compared to US$159 million.
On Friday, Inflows of all currencies, totaled US$33.35 million, versus US$37.13 million on Thursday with the selling of US$31.73 million in contrast to US$28.47 million previously.
In US dollar trading, dealers sold US$27.92 million at an average of $127.44 at the close, compared to US$26.17 million at an average of $127.14 on Thursday.
Purchases of the US currency by dealers, amounted to US$28.22 million at an average of $125.47 at the close, compared US$32.54 million at an average of $125.83.
At mid-day on Friday dealers purchased US$12.12 million at an average rate of J$126.16 and sold US$9.16 million at an average of J$127.53. On Thursday at midday dealers purchased US$9.03 million at an average rate of J$125.88 and sold US$6.97 million at an average of J$126.69.
The selling rate on Friday, for the Canadian dollar fell to J$98.59 from J$99.45 at the close on Thursday, the selling rate for the British Pound rose to J$177.86 from J$176.63 previously and the euro jumped in value against the Jamaican dollar at J$159.60 to buy the European common currency, versus the prior selling rate of J$153.88.
FX trading falls for the week
February 23, 2018 by
