J$ slips v US on Friday

Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping slightly against the US dollar on Friday but rising against the Pound and Canadian. The market ended with dealers buying the equivalent of US$43,527,882 and selling US$36,684,327, in contrast to US$30,209,395 purchased and US$32,885,951 sold on Thursday.
In US dollars trading, dealers bought US$39,284,534 compared to US$27,859,338 on Thursday, with the buying rate for the US dollar rising 15 cents to $121.48. A total of US$34,523,089 was sold versus US$30,893,426 on Thursday as the selling rate climbed 2 cents to $122.03. The Canadian dollar buying rate gained 77 cents to end at $88.73 with dealers buying C$1,158,202 and selling C$1,229,514, at an average rate that fell 57 cents to $91.69. The rate for buying the British Pound climbed 42 cents to $170.04 for the purchase of £2,250,064, while £558,147 was sold, the rate fell 15 cents to $172.22. At the end of trading, the selling rate for Euro, climbed $1.70 to close at J$135.99, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.21 for a rise of $170 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$247,992 being bought, while US$449,658 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a rise of $1.10 in the lowest selling rate of the Canadian dollar that closed at $87.20 and a rise of $1.50 in the highest buying rate of the British Pound that landed at $175.60.