Purchases by dealers of foreign currencies on Friday, resulted in the Jamaican currency selling rate slipping against the US dollar and the Pound sterling. The market closed with dealers buying the equivalent of US$29,147,230 in contrast to US$28,138,795 on Thursday, while they sold the equivalent of US$33,299,425, previously US$26,796,262.
In US dollar trading , dealers bought US$26,569,760 compared to US$25,757,077 on Thursday. The buying rate for the US dollar fell 2 cents to $116.92 and US$31,467,220 was sold versus US$25,025,994 on Thursday, the selling rate increased 8 cents to $117.61. The Canadian dollar buying rate rose 23 cents to $87.46 with dealers buying C$1,114,831 and selling C$870,717, at an average rate that fell 20 cents to $89.75. 
The rate for buying the British Pound climbed 32 cents to $181.50 for the purchase of £1,007,156, while £653,331 was sold, at an average rate that climbed 31cents to $183.07. At the end of trading, it took J$131.62 to purchase the Euro, with a rise of $1.70 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129 for a gain of $1.76 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$180,045, while the equivalent of US$145,261 was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying, the highest and the lowest selling rates were unchanged at $117.80, $96.19, $123.26 and $96.19 respectively. 
The highest buying rate for the Canadian dollar rose $1.30 to $91, the lowest buying and highest selling rates were unchanged at $71.63 and $92.34 respectively. The lowest selling rate gained $1.30 to end at $86.80. The highest buying rate for the British Pound, rose 50 cents to $184.60, the lowest buying and the highest selling rates remained at $148.07 and $190.89 respectively. The lowest selling rate inched up 60 cents to $179.
J$ gives up more value on Friday
August 21, 2015 by
