Jamaican$ drops on Friday

In the Jamaican foreign exchange market, dealers bought the equivalent of only US$21,534,854 and sold a relatively small amount of US$25,878,122, compared with US$34,094,250 purchased and US$35,478,418 sold on Thursday.
In US dollars trading, dealers bought US$18,827,307 compared to US$31,441,995 on Thursday with the buying rate for the US dollar falling 28 cents to $119.66. A total of US$24,377,840 was sold versus US$33,323,464 on Thursday as the selling rate climbed 12 cents to $120.63. The Canadian dollar buying rate dropped 8 cents to end at $82.39 with dealers buying C$1,332,949 and selling C$692,965, at an average rate that rose 68 cents to $84.71. The rate for buying the British Pound rose 13 cents to $171.72 for the purchase of £1,019,002, while £436,967 was sold, with the rate gaining $1.70 to $174.81. At the end of trading, it took J$130.55 to purchase the Euro, for an increase of $1.09 on Thursday’s rate, according to data from strong>Bank of Jamaica, while dealers purchased the European common currency at J$127.98 for a rise of $1.16 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,438 being bought, while US$380,382 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the highest selling rate for Canadian dollar by $1.19 to $90 and a fall of $3.81 in the highest selling rate for the British Pound, that closed at $180.19.