The Jamaican dollar made gains against all the major currencies on Friday. Purchases of all currencies by dealers ended at US$31,958,706 equivalent compared with US$30,479,664, on Thursday and selling of the equivalent of US$29,239,805 versus US$33,875,356 on the previous trading day.
In US dollar trading, dealers bought US$27,386,186 compared to US$26,732,122 on Thursday. The buying rate for the US dollar was unchanged at $115.08 and US$26,162,679 was sold versus US$31,619,074 on Thursday, the selling rate fell 3 cents to end at $115.55 The Canadian dollar buying rate dropped 22 cents to $90.35 with dealers buying C$1,034,489 and selling C$453,721, at an average rate that declined 28 cents to $92.30. The rate for buying the British Pound dipped 50 cents to $174.03 for the purchase of £1,328,151, while £1,218,105 was sold, at an average rate of $175.42, for a decline of 24 cents. At the end of trading it took J$127.48 to purchase the Euro, 44 cent less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.03 for a decline of 40 cents from Thursday. Other currencies bought, amounted to the equivalent of US$1,751,867 while the equivalent of US$865,555, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.80, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate fell 50 cents to $113. The highest buying rate for the Canadian dollar rose $1.50 cents to $94, the lowest buying rate rose 29 cents to $73.33. The highest selling rate gained 9 cents to $95 and the lowest selling rate was up 35 cents to $88.35. The highest buying rate for the British Pound, climbed $1.55 to $178.30. The lowest buying rate dropped 99 cents to $141.02, the highest selling rate declined $3.76 to $179.32 and the lowest selling rate fell $1.20 to $169.90.
Gains allround for the J$ on Friday
March 6, 2015 by