Jamaican$ makes gains on Friday

The Jamaican dollar rose in value in foreign exchange trading on Friday against the United states and Canadian dollars and the pound but slipped versus the euro. Dealers bought the equivalent of US$35,239,711 of all currencies and sold US$31,681,608, compared to US$37,367,097 purchased and US$36,133,436 sold on Thursday.
In US dollar trading, dealers bought US$31,869,568 compared to US$31,042,246 on Thursday. The buying rate for the US dollar rose 8 cents to close at $128.49. A total of US$30,119,910 was sold versus US$30,989,415 on Thursday, with the selling rate falling 3 cents to $129.07. The Canadian dollar buying rate dropped $3.31 to $92.63, with dealers buying C$1,538,306 and selling C$780,325 at an average rate that dived $1.14 to $95.31. The average rate for buying the British Pound dipped 20 cents to $157.13 for the purchase of £1,692,940 while £665,394 was sold with a fall of $1.22 to end at $159.43.
At the end of trading on Friday, dealers sold €80,071 with the selling rate for the Euro, closing with a rise of 20 cents to $137.51, according to data from Bank of Jamaica. Dealers purchased €106,555 of the European common currency at $133.03 after falling $3.25. The US dollar equivalent of other currencies traded, amounts to US$80,504 being bought and selling of US$78,252.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies, in the foreign exchange market on Friday, include a dip in the highest buying rate for the Canadian dollar by $1.77 to $96.83, the lowest selling rate dropped $2 to $90. The highest buying rate for the British Pound dived $4.05 to $159.70, while the lowest selling rate rose $1 to $155. The highest selling rate for the Euro fell $5.75 to $140.05 and lowest selling rate jumped $17.84 to $132.80.