J$ makes gains on Friday

Trading on Friday in the foreign exchange market saw buoyant flows to end off the week as inflows were more than the amount sold by dealers and resulted in slight appreciation of the Jamaican dollar. The purchase of all currencies by dealers amounted to the equivalent of US$46,758,067 compared with US$34,195,247, on Thursday and selling, the equivalent of US$40,993,978 versus sale of US$65,454,392, previously.
In US dollar trading, dealers bought US$44,452,045 compared to US$30,929,977 on Thursday. The buying rate for the US dollar rose 9 cents to $115.78 and US$39,857,108 was sold versus US$64,242,043 on Thursday, the selling rate declined by 2 cents to $116.10. The Canadian dollar buying rate rose 28 cents to $92.60 with dealers buying C$760,341 and selling C$523,539, at an average rate that fell 25 cents to $94.97. The rate for buying the British Pound fell $1.60 to $178.01 for the purchase of £1,001,924, while £370,134, was sold, at an average rate that slipped 5 cents to $180.78. At the end of trading it took J$129.15 to purchase the Euro, 23 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.74 for a rise of 19 cents on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$157,447, while the equivalent of US$132,292, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 4 cents to $116.31. The lowest buying, the highest and the lowest selling rates were unchanged at $94.98, $121.71 and $94.98 respectively. The highest buying rate for the Canadian dollar rose 70 cents to $95.80. The lowest buying rate fell 4 cents at $75.32, the highest selling rate gained $1.54 to $98.70 and the lowest selling rate fell 5 cents to $90.75. The highest buying rate for the British Pound, rose 61 cents to $182.51, the lowest buying rate closed unchanged at $144.63, the highest selling rate fell 50 cents to $185.02 with the lowest selling rate remained unchanged at $174.25.