Jam$ gains vs Pound & Can$ – Friday

The Jamaican foreign exchange market returned to normal on Friday with gains against the Canadian dollar and the Pound sterling with dealers buying the equivalent US$58,820,996 and selling US$48,672,598, compared with US$33,372,380 purchased and US$30,923,069 sold on Thursday.
In US dollars trading, dealers bought US$55,716,976 compared to US$28,892,317 on Thursday with the buying rate for the US dollar rising 18 cents to $120.31. A total of US$45,573,684 was sold versus US$29,140,678 on Thursday as the selling rate climbed by just 1 cent to $120.78. The Canadian dollar buying rate fell 77 cents to end at $80.51 with dealers buying C$1,061,474 and selling C$2,675,194, at an average rate that declined by 65 cents to $83.65. The rate for buying the British Pound dropped $1.37 to $172.13 for the purchase of £1,449,673, while £599,840 was sold, with the rate falling $1.24 to $171.54. At the end of trading, it took J$130.91 to purchase the Euro, for a fall of 8 cents on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.26 for a fall of 9 cents from Thursday’s rate.
The US dollar equivalent of other currencies traded, amounts to US$319,663 being bought, while US$394,128 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $16.88 in the lowest selling rate for the US dollar to $100.57, the Canadian dollar highest buying rate rising $1.39 to $85 and the highest selling rate of British Pound, dropping $2.20 to $177.56.