Jamaican$ held vs US$ – Friday

Trading in the foreign exchange market resulted in the Jamaican dollar having a mixed day on Friday with the selling price remaining unchanged against the US dollar, lost value versus the Canadian dollar and making gains on the Pound. The market closed with dealers buying the equivalent of US$34,669,827 and selling US$46,733,831, in contrast to US$44,568,292 purchased and US$55,585,981 sold on Thursday.
In US dollars trading, dealers bought US$31,347,006 compared to US$40,678,858 on Thursday, as the buying rate for the US dollar fell 2 cents to end at $121.34. A total of US$45,254,299 was sold versus US$53,786,605 on Thursday, the selling rate remained steady at $122.04. The Canadian dollar buying rate fell 50 cents to end at $89.91 with dealers buying C$1,028,577 and selling C$697,200, at an average rate that was up by 15 cents to $92.67. The rate for buying the British Pound dropped $1.55 to $170.45 for the purchase of £1,210,457, while £514,437 was sold, as the rate declined by 56 cents to $172.90. At the end of trading, the selling rate for Euro, jumped 57 cents to close at J$139.07, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.22 for a rise of 55 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$860,361 being bought, while US$221,326 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a big rise of $16.25 in the lowest selling rate of the US dollar to $118, with the lowest buying rate of the Canadian dollar falling by $1.49 to $73 and the highest selling rate for the British Pound dropping by $4.48 to $178.27.