Jamaican $ slips vs US on Friday

Inflows of foreign currencies into the system on Friday was US$6 million more than the amount sold with the local dollar selling rate slipping against all the US dollar and the Pound but rising versus the Canadian currency. At the close of trading, the equivalent of US$37,399,601 was bought by dealers, compared with US$31,897,394 on Thursday, while they sold the equivalent of US$31,267,945 versus US$33,529,329 previously.
In US dollar trading , dealers bought US$33,768,726 compared to US$29,365,994 on Thursday. The buying rate for the US dollar rose 4 cents to $119.28 and US$29,786,156 was sold versus US$31,266,946 on Thursday, the selling rate rose 2 cents to $119.82. The Canadian dollar buying rate gained 59 cents to $87.64 with dealers buying C$1,463,908 and selling C$560,149, at an average rate that declined 91 cents to $88.94. The rate for buying the British Pound gained $1.36 to $179.43 for the purchase of £1,553,815, while £473,344 was sold, at an average rate that rose 82 cents to $181.14. At the end of trading, it took J$128.84 to purchase the Euro, a rise of 28 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.31 for a rise of 52 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$217,824 being bought, while US$350,440 was sold.
Highs & Lows| On Friday, the highest buying rate for the US dollar rose 35 cents to $120.50, the lowest buying, the highest and lowest selling rates remained unchanged at $98.53, $126.26 and at $98.53 respectively. The highest buying rate for the Canadian dollar rose 20 cents to $89.70, the lowest buying rate closed lower by 41 at $71.80, the highest selling rate fell 54 cents to $92.55 and the lowest selling rate lost 30 cents to $85.70. The highest buying rate for the British Pound, rose $1 to end at $182.60. The lowest buying rate was unchanged at $145.25, the highest selling rate fell $1.25 to $186 and the lowest selling rate dropped $10 to $165.