Jamaican$ value slips moderately – Friday

The rate of exchange to buy the US dollar by the public, increased on Friday to $126.83 as dealers sold US$38.30 million in the US dollars compared to US$34.63 million, at an average rate of $126.75 on Thursday.
US currency purchases amounted to US$31.29 million on Friday, at an average rate of $125.65 compared to Thursday, with US$39.10 million at $126.95.
Dealers purchased US$39.92 million, versus US$53.58 million on Thursday in all currencies in Jamaica’s forex market and sold US$45.92 million compared with US$47.74 million of all currencies sold previously.
For the week a total of US$257 million was bought by dealers and they sold $240 million, but trades in US dollar resulted in dealers buying $204 million and the sale of $200 million..
At Midday, dealers bought US$13.16 million at J$126.89 and sold US$10.5 million at J$126.81 compared to the purchase of US$15.6 million at J$126.33 and selling of US$15.1 million at J$126.81.
The selling rate for the Canadian dollar rose to J$100.20 from J$100.03 at the close on Thursday. The selling rate for the British Pound slipped to J$166.14 versus J$166.19 on Thursday and the euro rose in value against the Jamaican dollar, to J$148.62 to buy the European common currency, versus J$146.18 previously.