Trading in the Jamaican foreign exchange market ended Friday with dealers buying the equivalent of US$55,187,652 and selling US$45,669,815, in stark contrast with US$71,660,961 purchased and US$66,585,264 sold on Thursday.
In US dollars trading, dealers bought US$51,122,324 compared to US$69,317,642 on Thursday with the buying rate for the US dollar slipping by 16 cents to $120.91. A total of US$43,774,345 was sold versus US$65,470,747 on Thursday as the selling rate climbed by 3 cents to $121.37.
The Canadian dollar buying rate rose 25 cents to end at $83.21 with dealers buying C$1,161,158 and selling C$572,649, at an average rate that gained 11 cents to $85.73. The rate for buying the British Pound rose $1.23 to $170.79 for the purchase of £1,882,740, while £795,747 was sold, with the rate climbing $2.06 to $173.89. At the end of trading, the selling rate for Euro, ended with a gain of 86 cents at J$132.74, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.46 for a rise of $1.35 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$606,802 being bought, while US$350,831 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the 
currencies traded at are, a rise of $1.25 in the highest buying rate for the US dollar that ended at $122 and a hike of $2 in the lowest selling rate to $118. The highest buying rate of the Canadian dollar lost $1.70 to $86.50 and highest selling rate dropped $1.62 to $88.38. The highest buying rate for the British Pound dropped $4.65 to $174.05, the lowest buying rate dived by $3.98 to $138.86, the highest selling rate dipped $4.35 to $179.80 and the lowest selling rate was down $5.55 to $165.15.
FX trading remains elevated on Friday
January 29, 2016 by
