The British pound lost more than 4% vs the Jamaican dollar.
The foreign exchange market closed with dealers selling the equivalent of US$4.7 million more than the amount purchased in all currencies, with the total bought by dealers amounting to US$33,009,765 while they sold US$37,738,632, in contrast to US$31,582,310 purchased and US$30,242,351 sold on Thursday.
In US dollar trading, dealers bought US$29,701,874 compared to US$27,930,127 on Thursday as the buying rate for the US dollar rose 10 cents to $125.58.
A total of US$36,125,031 was sold versus US$27,904,144 on Thursday with the selling rate rising 12 cents to $126.35. The Canadian dollar buying rate dropped $1.32 to end at $94.24 with dealers buying C$751,803 and selling C$1,100,169, at an average rate that remained unchanged at $99.19. The average rate for buying the British Pound dived $8.52 to $174.82 for the purchase of £1,889,229, while £368,111 was sold, with the rate dropping $7.91 to $176.77.At the end of trading, the selling rate for Euro, gained 92 cents to close at J$143.28 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$140.29, for a rise of 71 cents from Thursday’s rate.
The US dollar equivalent of other currencies traded amounts to US$113,850 being bought, while US$234,959 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 sharp jump of $17.36 in the lowest selling rate of the US dollar to close at $121, a decline of $5.80 in the lowest selling rate of the Canadian Dollar to $87.20, a fall of $2.50 in the highest buying rate of the British Pound to $184.80 and a decline of $10.50 in the lowest selling rate to end at $164.80.