The Jamaican dollar remained below 129 to the US dollar on Friday but lost value versus the other three major currencies, with a big loss against the Canadian dollar, with the country entering a period of high inflows and relatively lower outflows that could well result in some revaluation of the currency in 2017.
On Friday dealers bought the equivalent of US$39,914,464 of all currencies and sold US$37,310,870, compared to US$31,582,543 purchased and US$30,667,869 sold on Thursday.
In US dollar trading, dealers bought US$34,228,934 compared to US$28,148,803 on Thursday. The buying rate for the US dollar rose 1 cent to close at $128.24. A total of US$33,195,116 was sold versus US$29,170,051 on Thursday, with the selling rate remaining at $128.95.
The Canadian dollar buying rate climbed sharply by $3.13 to $96.34, with dealers buying C$4,329,688 and selling C$3,693,831 at an average rate that surged $2.57 to $97.24. The average rate for buying the British Pound rose $1.15 to $160.36 for the purchase of £1,766,954 while £928,822 was sold with a rise of 82 cents to end at $162.12.
At the end of trading on Friday, dealers sold €145,186 with the selling rate for the Euro, closing with a rise of $3.67 to $139.11, according to data from Bank of Jamaica. Dealers purchased €100,568 of the European common currency at $132.38 after rising 70 cents. 
The US dollar equivalent of other currencies traded, amounts to US$119,348 being bought and selling of US$5,648.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a decline of $1.59 in the highest buying rate for the British Pound to $164.15, a fall of $2.53 in the highest selling rate to end at $166.71 while the lowest selling rate declined $2.70 to $151.30. The highest selling rate for the Euro declined by $1.38 to $141.72.
Jamaican$ steady vs US – Friday
December 2, 2016 by
