Purchases by dealers of foreign currencies on Friday, resulted in the local currency losing value against the three main traded currencies. The market closed with dealers buying the equivalent of US$35,830,362 in contrast to US$31,985,057 on Thursday, while they sold the equivalent of US$29,735,446, previously US$33,915,183.
In US dollar trading , dealers bought US$30,913,429 compared to US$29,087,315 on Thursday. The buying rate for the US dollar fell 9 cents to $116.75 and US$27,672,147 was sold versus US$31,986,716 on Thursday, the selling 
rate rose 4 cents to $117.42. The Canadian dollar buying rate dropped 20 cents to $88.05 with dealers buying C$971,179 and selling C$828,924, at an average rate that increased 30 cents to $90.38. The rate for buying the British Pound rose 1 cent to $180.71 for the purchase of £2,606,061, while £859,643 was sold, at an average rate that was up 55 cents to $182.05. At the end of trading, it took J$128.23 to purchase the Euro, with a loss of $1.25 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.72 for a decline of $1.20 from Thursday. Other currencies bought, amounted to the equivalent of US$150,763, while the equivalent of US$85,227 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $117.50, the lowest buying, the highest and lowest 
selling rates remained at $96.15, $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar fell 60 cents to $90. The lowest buying rate declined 83 cents to $71.59, the highest selling rate dropped 36 cents to $93 and the lowest selling rate rose 30 cents to $87. The highest buying rate for the British Pound, eased 30 cents to $183.30, the lowest buying rate fell 54 cents to $147.41, with the highest selling rate rising $2.87 to $190.03 and the lowest selling rate climbed $1.45 to $179.70.
J$ lost value on Friday
July 31, 2015 by
