The Jamaican dollar fell in value against the US but gained on Canadian dollars and the British Pound on Friday. Purchase of all currencies by dealers, translated to US$36,907,493 compared with the US$32,199,150, on Thursday and selling of the equivalent of US$31,955,892 versus US$32,727,717 sold on Thursday.
In US dollar trading, dealers bought US$32,907,129 compared to US$28,635,833 on Thursday. The buying rate for the US dollar rose 24 cents to $115.21 and US$29,758,416 was sold versus US$29,864,735 on Thursday with the selling rate climbing 20 cents to $115.72. The Canadian dollar buying rate lost 42 cents to $92.16 with dealers buying C$1,482,650, and selling C$995,859, at an average selling rate that dropped 10 cents, to $93.41. The rate for buying the British Pound fell $1.48 to $171.58 for the purchase of £1,228,129, while £560,898 was sold, the rate dipped $1.52 to $173.33. At the end of trading it took J$131.89 to purchase the Euro, $1.88 lower than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.29, $1.77 lower than on Thursday. Other currencies bought, amounted to the equivalent of US$985,359 while the equivalent of US$553,553, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 20 cents to $116.05 and the lowest buying rate remained at $94.19. The highest selling rate moved up 16 cents to $120.86, while the lowest selling rate rose 45 cents to $112.95. The highest buying rate for the Canadian dollar fell $1.21 to $94.09, the lowest buying fell 66 cents to $74.04. The highest selling rate rose 4 cents to $98 and the lowest selling rate eased 80 cents to $89.20. The highest buying rate for the British Pound, declined $1.10 to $174.90. The lowest buying rate rose 95 cents to $140.56, the highest selling rate fell $1.72 to $178.25 and the lowest selling rate rose $1 to $169.20.
J$ loses against US gains on others
January 23, 2015 by