Jamaican$ gained vs US for week

The Jamaica dollar had one of the best periods against the United States dollar this week, with the selling rate hardly moving from the close of Friday, June 23 of $126.35 to close on Friday July 1, at $126.28 as more inflows of US dollars came into the system than the amounts sold.
The foreign exchange market closed with dealers buying the equivalent of US$11.6 million more than the amount sold in all currencies, bringing the surplus purchased in the last five days to just under US$25 million, with the amount bought by dealers bringing US$63,555,858 while they sold US$42,928,790, compared to US$37,497,494 purchased and US$36,347,234 sold on Thursday.
In US dollar trading, dealers bought US$61,641,959 compared to US$34,965,091 on Thursday as the buying rate for the US dollar rose 15 cents to $125.93. A total of US$41,808,480 was sold versus US$35,041,039 on Thursday with the selling rate falling 10 cents to $126.28. The Canadian dollar buying rate rose by 17 cents to end at $93.88 with dealers buying C$759,027 and selling C$545,417, at an average rate that dropped $1.54 to $96.34. The average rate for buying the British Pound dipped $2.43 to $163.83 for the purchase of £941,985, while £441,374 was sold, with the rate dropping $2.47 to $167.38.
At the end of trading, the selling rate for Euro, rose 10 cents to close at J$140.41 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.64, for a fall of 20 cents from Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$122,582 being bought, while US$119,171 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Friday include, a rise of $1.80 in the highest buying rate of the Canadian Dollar to $97.80, a rise of 80 cents in the lowest selling rate to close at $90.70. The British Pound had a mixed day of trading, with the highest buying rate dropping $12.50 to $170, but the lowest buying rate jumped $15.71 at $135.71, the highest selling rate dived by $6 to close at $181 and the lowest selling rate dropped by $4.50 to end at $148.50.