Jamaican$ recovered lost ground – Friday

At the close of trading on Friday, the rate the public bought the US dollar declined 2 cents Jamaican but the rate dealers bought the Green back increased by 8 cents.
The local currency rose in value against the British Pound and the euro and fell against Canadian Dollar.
Inflows of all currencies ended at US$61.29 million, versus US$38.29 million on Thursday with the selling of US$45.40 million compared with US$33.33 million sold on Thursday.
In US dollar, trading dealers sold US$37.76 million at an average of $124.77 at the close, compared US$31.56 million at an average of $124.79 on Thursday. US currency purchases by dealers, amounted to US$46.92 million, at an average rate of $123.78, compared to Thursday, with US$34.57 million, at an average rate of $123.70.
On Friday at midday dealers purchased US$16.39 million at an average rate of J$124.21 and sold US$17.18 million at an average of J$124.71. At mid-day on Thursday dealers purchased US$10.69 million at an average rate of J$123.86 and sold US$7.2 million at an average of J$124.75.
The selling rate for the Canadian dollar rose to J$99.59 from J$99.09 at the close on Thursday. The selling rate for the British Pound fell to J$168.58 versus J$169.14 previously and the euro fell in value against the Jamaican dollar at J$148.14 to buy the European common currency, versus the prior selling rate of J$149.02.

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