More buying than selling on Friday

Purchase of all currencies by dealers exceeded the amounts sold by US$5 million, leading to mixed movement in the rates on Friday. Dealers bought the equivalent of US$36,853,492 compared with US$27,853,500, on Thursday while they sold the equivalent of US$31,821,560 versus US$27,599,875 previously, as the Jamaican dollar lost value slightly against the US dollar and gained against the Pound and the Canadian dollar at the end of trading.
In US dollar trading, dealers bought US$34,602,528 compared to US$24,983,582 on Thursday. The buying rate for the US dollar rose 17 cents to $115.78 and US$30,415,132 was sold versus US$26,239,211 on Thursday, the selling rate rose 6 cents to $116.22. The Canadian dollar buying rate fell 35 cents to $90.47 with dealers buying C$751,914 and selling C$491,296, at an average rate that declined 43 cents to $93.05. The rate for buying the British Pound fell 23 cents to $175.13 for the purchase of £1,021,985, while £561,834 was sold, at an average rate that eased 4 cents to $178.24. At the end of trading it took J$131.05 to purchase the Euro, 23 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.48 for 38 cents more Thursday’s rate. Other currencies bought, amounted to the equivalent of US$117,543, while the equivalent of US$151,438, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 5 cents to $116.40, the lowest buying rate dropped $5.42 to $89.77, the highest selling rate remained unchanged at $121.98, but the lowest selling rate climbed $2.09 to $97.07. The highest buying rate for the Canadian dollar rose 5 cents to $93.10, the lowest buying and the highest selling rates were unchanged at $73.87 and $95.23 respectively and the lowest selling rate climbed 70 cents to $90. The highest buying rate for the British Pound, rose 55 cents to $179, the lowest buying rate closed unchanged at $143.18, the highest selling rate declined 42 cents to $181.30 with the lowest selling rate rising 20 cents to $172.50.