Purchases by dealers of foreign currencies on Friday, resulted in the Jamaican currency selling rates being relatively stable. The market closed with dealers buying the equivalent of US$29,745,740 in contrast to US$39,692,814 on Thursday, while they sold the equivalent of US$28,648,727, previously US$37,409,650.
In US dollar trading , dealers bought US$27,282,457 compared to US$34,834,813 on Thursday. The buying rate for the US dollar fell 6 cents to $116.83 and US$27,192,334 was sold versus US$35,232,533 on Thursday, the selling rate increased 1 cent to $117.44. The Canadian dollar buying rate fell just 2 cents to $87.56 with dealers buying C$1,050,607 and selling C$777,391, at an average rate 
that rose 7 cents to $89.84. The rate for buying the British Pound dropped 31 cents to $180.43 for the purchase of £981,454, while £471,119 was sold, at an average rate that dipped 16 cents to $182.46. At the end of trading, it took J$130.67 to purchase the Euro, with a decline of 71 cents on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.12 for a fall of 59 cents on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$160,191, while the equivalent of US$129,744 was sold.
Highs & Lows| The highest and lowest buying rates, the highest and lowest selling rates for the US dollar,were unchanged at $117.60, $96.19, 
$123.26 and $96.15 respectively. The highest buying rate for the Canadian dollar declined 90 cents to $90.10. The lowest buying rate remained at $71.63, the highest selling rate lost 16 cents to $92.34 and the lowest selling rate rose 70 cents to $87. The highest buying rate for the British Pound, was unchanged at $183.20, the lowest buying rate rose just 5 cents to $147.33, the highest selling rate climbed $3 to $189.92 and the lowest selling rate grew $2 to $178.
J$ trades relatively stable on Friday
August 14, 2015 by
