Trading in the foreign exchange market on Friday resulted in the Jamaican dollar declining slightly against the US dollar holding firm versus Canadian and slipping compared to the closing rate on Thursday for the pound. The market closed with dealers buying the equivalent of US$33,234,559 and selling US$36,327,045, in contrast to US$32,674,699 purchased and US$31,565,070 sold on Thursday.
In US dollars trading, dealers bought US$30,697,232 compared to US$29,806,276 on Thursday, as the buying rate for the US dollar remained unchanged at $121.98.
A total of US$33,977,802 was sold versus US$26,974,270 on Thursday, the selling rate rose 3 cents to $122.67. The Canadian dollar buying rate dropped $2 to end at $92.93 with dealers buying C$816,887 and selling C$1,804,263, at an average rate that remained at $97.65. The rate for buying the British Pound fell 2 cents to $172.25 for the purchase of £1,153,927, while only £484,850 was sold, as the rate rose $2 to $175.03.
At the end of trading, the selling rate for Euro, fell 43 cents to close at J$138.45, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.65 for a fall of 40 cents from Thursday’s rate.
The US dollar equivalent of other currencies traded, amounts to US$285,474 being bought, while US$221,219 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the currencies on Friday are, a jump of $15.73 in the lowest buying rate of the US dollar to end at $99.99 and a fall of $18.13 in the lowest selling rate to $99.87, a rise of $1 in the highest buying rate for the British Pound to $177.20 and an increase of $2.50 in the lowest selling rate to $168.50.
Jamaican$ ended mixed – Friday
April 22, 2016 by
