In foreign exchange trading on Friday, the Jamaican dollar remained above J$125 against the United States currency for the second day as outflows exceeded inflows.
At the close of trading on Friday, the rate the public bought the US dollar climbed 23 cents Jamaican but the rate dealers bought the Green back rose by 5 cents.
Trading for the week fell below that of the previous one, with inflows of US$262 million versus $235 million previously and outflows of US$191 and US$207 in the prior week.
Inflows of all currencies rose to US$36.01 million, from US$29.86 million on Thursday with the selling of US$42.23 million up from US$39.40 million on Thursday.
In US dollar, trading dealers sold US$38.57 million at an average of $125.07 at the close, compared US$32.50 million at an average of $124.80 on Thursday. US currency purchases by dealers, amounted to US$31.79 million at an average of $123.79 at the close, compared US$27.56 million at an average of $123.65.
On Friday at midday dealers purchased US$9.86 million at an average rate of J$124.33 and sold US$7.9 million at an average of J$125.33.
Foreign exchange trading fell off this past week vs the second week in January.
The selling rate for the Canadian dollar rose to J$100.57 from J$98.84 at the close on Thursday. The selling rate for the British Pound fell on Friday, to J$170.44 from J$172.86 previously and the euro rose in value against the Jamaican dollar at J$153.82 to buy the European common currency, versus the prior selling rate of J$153.76.
