Jamaica dollar lost more value vs US$ – Friday

The Jamaican dollar continue the recent decline in value against the United States dollar on Friday, with the rate rising 19 cents from Thursday’s closing selling rate, to close at $126.47 while the buying rate inched up by 10 cents above Thursday’s rate.
Inflows of all currencies, totaled US$37.22 million, versus US$27.62 million on Thursday with the selling of US$33.37 million in contrast to US$33.06 million on Thursday.
In US dollar trading, dealers sold US$32.05 million at an average of $126.47 at the close, compared to US$31.17 million at an average of $126.28 on Thursday. Purchases of the US currency by dealers, amounted to US$31.27 million at an average of $124.58 at the close, compared to US$25.34 million at an average of $124.48.
At mid-day on Friday dealers purchased US$13.40 million at an average rate of J$125.11 and sold US$9.16 million at an average of J$126.46. On Thursday at midday dealers purchased US$10.22 million at an average rate of J$125.01 and sold US$9.14 million at an average of J$126.18.
The selling rate on Friday, for the Canadian dollar fell to J$98.65 from J$98.84 at the close on Thursday, the selling rate for the British Pound slipped to J$173.11 from J$175.55 previously and the euro dropped in value against the Jamaican dollar at J$153.20 to buy the European common currency, versus the prior selling rate of J$157.15.