J$ steady against US on Friday

The selling rate for the Jamaican dollar was fairly stable against the US dollar on Friday as there was nearly US$8 million more bought than sold. Purchases by dealers of foreign currencies on Friday, resulted in the Jamaican currency selling rate slipping against the Canadian dollar and rising against the British Pound. The market closed with dealers buying the equivalent of US$43,580,467 in contrast to US$26,547,793 on Thursday, while they sold the equivalent of US$34,164,793, previously US$29,211,572.
In US dollar trading , dealers bought US$40,116,402 compared to US$23,903,351 on Thursday. The buying rate for the US dollar rose 23 cents to $117.68 and US$32,636,062 was sold versus US$27,572,536 on Thursday, the selling rate gained 1 cent to close at $118.16. The Canadian dollar buying rate fell $1.14 to $86.34, with dealers buying C$760,150 and selling C$908,138, at an average rate that rose 50 cents to $89.39. The rate for buying the British Pound rose 93 cents to $177.88 for the purchase of £1,861,676, while £453,758 was sold, at an average rate that fell 92 cents to end at $179.38. At the end of trading, it took J$131.11 to purchase the Euro, down $1.43 on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.38, a decline of $1.45 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$92,322, while the equivalent of US$152,862 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $118.75, the lowest buying rate gained 16 cents to $96.69 and the highest selling rate remained at $123.69. The lowest selling rate fell 70 cents to $114. The highest buying rate for the Canadian dollar lost 40 cents to $89.40, the lowest buying closed unchanged at $70.47 and highest selling rate put on 37 cents to $91.47. The lowest selling rate added 90 cents to end at $84.90. The highest buying rate for the British Pound, fell 10 cents to $180.60, the lowest buying rate eased 21 cents to $144.54, the highest selling rate jumped $3.41 to $187.45 and the lowest selling rate lost $1 to $174.