The foreign exchange market seems to have settled with the Government recent US dollar bond issue having been closed demand and clearly no longer affecting demand locally for investors who wanted to take them up.
Purchases by dealers of foreign currencies on Friday, was lower than on Thursday but the amount garnered was more than the amount sold, resulting in the local currency making gains against the US and the Canadian dollars and remained stable against the Pound. The market closed with dealers buying the equivalent of US$31,035,222 in contrast to US$40,816,983 on Thursday, while they sold the equivalent of US$29,331,577, previously US$39,105,219.
In US dollar trading , dealers bought US$28,539,977 compared to US$38,903,762 on Thursday. The buying rate for the US dollar fell 26 cents to $116.76 and US$27,597,716 was sold versus US$37,592,357 on Thursday, the selling rate fell 2 cents to $117.39. The Canadian dollar buying rate declined 37 cents to $87.67 with dealers buying C$774,013 and selling C$638,138, at an average rate that dropped 31 cents to $89.78. The rate for buying the British Pound declined 18 cents to $179.50 for the purchase of £1,172,269, while £719,596 was sold, at an average rate that remained at $181.92. At the end of trading, it took J$128.90 to purchase the Euro, with a gain of $1.02 on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.54 for a rise of $1 over Thursday. Other currencies bought, amounted to the equivalent of US$111,886, while the equivalent of US$130,599 was sold.
Highs & Lows| The highest buying rate for the US dollar,, the lowest buying and the highest selling rates were unchanged at $117.60, $96.15 and $123.21 respectively, but the lowest selling rate dropped $18.85 to $96.15. The highest buying rate for the Canadian dollar jumped $2.96 to $93.61. The lowest buying rate declined 51 cents to $72.33, the highest selling rate gained 25 cents to $93.25 and lowest selling rate jumped $15.77 to $87.15. The highest buying rate for the British Pound, fell 65 cents to $182.50, the lowest buying rate declined 34 cents to $146.74, with the highest selling rate gaining $2.41 to $189.18 and the lowest selling rate climbed $2 to $178.

The foreign exchange market seems to have settled with the Government recent US dollar bond issue having been closed demand and clearly no longer affecting demand locally for investors who wanted to take them up.
Purchases by dealers of foreign currencies on Friday, was lower than on Thursday but the amount garnered was more than the amount sold, resulting in the local currency making gains against the US and the Canadian dollars and remained stable against the Pound. The market closed with dealers buying the equivalent of US$31,035,222 in contrast to US$40,816,983 on Thursday, while they sold the equivalent of US$29,331,577, previously US$39,105,219.
In US dollar trading , dealers bought US$28,539,977 compared to US$38,903,762 on Thursday. The buying rate for the US dollar fell 26 cents to $116.76 and US$27,597,716 was sold versus US$37,592,357 on Thursday, the selling rate fell 2 cents to $117.39. The Canadian dollar buying rate declined 37 cents to $87.67 with dealers buying C$774,013 and selling C$638,138, at an average rate that dropped 31 cents to $89.78. The rate for buying the British Pound declined 18 cents to $179.50 for the purchase of £1,172,269, while £719,596 was sold, at an average rate that remained at $181.92. At the end of trading, it took J$128.90 to purchase the Euro, with a gain of $1.02 on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.54 for a rise of $1 over Thursday. Other currencies bought, amounted to the equivalent of US$111,886, while the equivalent of US$130,599 was sold.
Highs & Lows| The highest buying rate for the US dollar,, the lowest buying and the highest selling rates were unchanged at $117.60, $96.15 and $123.21 respectively, but the lowest selling rate dropped $18.85 to $96.15. The highest buying rate for the Canadian dollar jumped $2.96 to $93.61. The lowest buying rate declined 51 cents to $72.33, the highest selling rate gained 25 cents to $93.25 and lowest selling rate jumped $15.77 to $87.15. The highest buying rate for the British Pound, fell 65 cents to $182.50, the lowest buying rate declined 34 cents to $146.74, with the highest selling rate gaining $2.41 to $189.18 and the lowest selling rate climbed $2 to $178.