Jamaican$ falls again – Friday

Trading in the foreign exchange market resulted in the Jamaican dollar losing value on Friday compared to the rate of the three main currencies it trades against. The market closed with dealers buying the equivalent of US$38,302,803 and selling US$39,620,292, in contrast to US$39,840,995 purchased and US$40,874,638 sold on Thursday.
In US dollars trading, dealers bought US$34,701,116 compared to US$36,706,474 on Thursday, as the buying rate for the US dollar fell 3 cents to close at $121.69. A total of US$36,856,764 was sold versus US$38,957,868 on Thursday, the selling rate rose 6 cents to $122.30. The Canadian dollar buying rate rose 33 cents to end at $94.40 with dealers buying C$2,957,976 and selling C$2,739,325, at an average rate that rose 43 cents to $95.50. The rate for buying the British Pound rose by 25 cents to $169.14 for the purchase of £864,594, while £263,164 was sold, as the rate rose 8 cents to $170.54. At the end of trading, the selling rate for Euro, fell 14 cents to close at J$137.68, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.04 for a fall of 4 cents on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$105,393 being bought, while US$257,435 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a fall of $1.80 in the lowest selling rate for the Canadian dollar to $87.20, while the highest buying rate for the British Pound jumped by $4.86 to $177.06 and the lowest selling rate rose $1 to $166.