In foreign exchange trading on Friday, net inflows continue to be positive but with just over with US$1 million, bringing the net inflows for December to $178 million with the Jamaican dollar losing value against all the major currency it normal trades against.
At the close of the market, dealers bought the equivalent of US$49,393,835 of all currencies and sold US$48,140,699, compared to US$53,928,226 purchased and US$39,262,075 sold on Thursday.
In US dollar trading, dealers bought US$41,924,249 compared to US$48,357,262 on Thursday. The buying rate for the US dollar lost 12 cents to close at $127.48.
A total of US$42,123,238 was sold versus US$35,027,831 on Thursday, with the selling rate inching up 8 cents to $128.44. The Canadian dollar buying rate rose 94 cents to $94.41, with dealers buying C$4,856,783 and selling C$6,251,539 at an average rate that gained 63 cents to end at $95.88. The average rate for buying the British Pound jumped $3.19 to $157.03 for the purchase of £2,971,174 while £892,056 was sold with a rise of 80 cents to end at $157.42.
At the end of trading on Friday, dealers sold €218,636 with the selling rate for the Euro, closing with a rise of 9 cents to $134.91, according to data from Bank of Jamaica. Dealers 
purchased €165,108 of the European common currency at $129.76 after gaining $1.26. The US dollar equivalent of other currencies traded, amounts to US$44,823 being bought and selling of US$27,851.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include the highest buying rate for the British Pound declining $2.58 to $159.10, the lowest buying rate jumping $33.99 to $126.99 and the lowest selling rate rising $1 to $152, while the lowest selling rate for the Euro dived $6.50 to $122.
Jamaica’s US$178M FX surplus for December
December 30, 2016 by
