J$111.55 to US$, inflows exceed outflows

The local dollar lost value yet again on Friday even as inflows far outnumbered outflows with $39.8 million bought to only $25.3 million sold. The Jamaican dollar slipped 5 cents against the US dollar to push the selling rate to $111.55, the selling rate for the Canadian Dollar gained 6 cents to close at $102.45 and the Pound sterling closed at $188.37 with an increase of 88 cents.
A total of the equivalent of only US$39,803,642 entered the market with the equivalent of S$25,324,698 leaving. On Thursday dealers bought the equivalent of US$23,283,938 and they sold the equivalent of US$26,565,251 sold.
In US dollar trading, dealers bought US$33,708,870 compared to US$17,549,276 on Thursday as the buying rate for the US dollar rose 18 cents to $111.03 and sold US$23,139,314 versus US$21,696,188 on Thursday with the rate closing up 5 cents to $111.55.
The Canadian dollar buying rate fell $1.21 to end at $100.26 with dealers buying C$807,533 and selling C$432,370 with the rate rising 6 cents to end at $102.45.
The Pound closed at $186.47, for the purchase of £3,118,427 as the rate gained 24 cents, while £963,002 was sold, with the rate climbing 88 cents to $188.37. Other currencies bought, amounted to the equivalent of only US$128,416 while selling accounted for the equivalent of just $162,143.
Highs & Lows| The highest rate gained 8 cents to $111.78 but the lowest buying rate along with the highest selling for the US dollar remained unchanged at $90.60 and $116.09 respectively. The lowest buying rate was up 40 cents to $108.50.
The highest buying rate for the Canadian dollar fell 20 cents to $102.60, the lowest buying rate climbed 33 cents to $81.09, the highest selling rate was up 5 cents to $104.59 and lowest selling rate was up by a mere 5 cents to $97.75.
The highest buying rate for the Pound gained $1.25 to $189.10 while the lowest buying rate rose 42 cents to $149.82. The highest selling rate rose by 54 cents to $193.14 and the lowest selling rate was up 50 cents to $180.50.