Jamaican $ makes gains on Friday

Trading of foreign currency in the forex market on Friday, saw the US dollar selling rate remaining unchanged against the Jamaican dollar, but the local currency made gains on the Pound and Canadian dollar. The equivalent of US$47,260,818 was bought by dealers, compared with US$62,949,698 on Thursday, while they sold the equivalent of US$40,548,955 versus US$55,331,440 previously.
In US dollar trading , dealers bought US$43,192,155 compared to US$59,788,012 on Thursday. The buying rate for the US dollar lost 7 cents to $119.27 and US$37,422,844 was sold versus US$52,478,263 on Thursday, the selling rate remained at $119.68. The Canadian dollar buying rate rose 61 cents to end at $89 with dealers buying C$1,865,483 and selling C$3,069,975, at an average rate that declined by 10 cents to $92.22. The rate for buying the British Pound rose 33 cents to $181.36 for the purchase of £1,685,610, while £386,306 was sold, at an average rate that dropped $1.95 to $182.42. At the end of trading, it took J$133.57 to purchase the Euro, a drop of $2.29 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.19 for a fall of $2.07 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$113,653 being bought, while US$171,724 was sold.
Highs & Lows| The Canadian highest buying rate was the only one rising on Friday as the highest buying rate for the US dollar ended with a fall of 10 cents to $119.90 with the other rates remaining unchanged, with the lowest buying rate ending at $98.28, the highest selling rate at $125.94 and lowest selling rate at $98.28. The highest buying rate for the Canadian dollar rose $1.05 to $93.50, the lowest buying rate declined by $1 to end at $72.54, the highest selling rate lost 30 cents to end at $94.50 and the lowest selling rate fell $1.20 to end at $86.10. The highest buying rate for the British Pound, dropped $1.10 to end at $183.90. The lowest buying rate fell 17 cents to $148.57, the highest selling rate dropped 21 cents to $188.85 and the lowest selling rate fell 50 cents to end at $176.50.