More slipping of J$ on Friday

Purchases by dealers of foreign currencies on Friday, resulted in the Jamaican currency selling rate continuing to slip against the US dollar and the Canadian but it rose against the Pound sterling. The market closed with dealers buying the equivalent of US$35,151,325 in contrast to US$26,734,325 on Thursday, while they sold the equivalent of US$38,752,539, previously US$31,646,639.
In US dollar trading , dealers bought US$33,010,598 compared to US$23,291,048 on Thursday. The buying rate for the US dollar rose 35 cents to $117.38 and US$36,624,907 was sold versus US$30,577,320 on Thursday, the selling rate inched up 9 cents to $117.87. The Canadian dollar buying rate fell 82 cents to $86.43 with dealers buying C$804,406 and selling C$979,253, at an average rate that increased 42 cents to $88.99. The rate for buying the British Pound dropped $1.78 to $178.42 for the purchase of £927,782, while £669,448 was sold, at an average rate that fell 76 cents to $180.99. At the end of trading, it took J$132.10 to purchase the Euro, with a fall of $2.12 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.28, a decline of $2.20 from Thursday’s rate. Other currencies bought, amounted to the equivalent of US$138,160, while the equivalent of US$360,382 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $118.25, the lowest buying rate gained 4 cents to $96.23, the highest selling rate rose 6 cents to $123.32 and the lowest selling rate jumped $18.26 to $114.70. The highest buying rate for the Canadian dollar fell 85 cents to $89.15, the lowest buying rate gained 20 cents to $70.92 and highest selling rate rose 34 cents to $91.50. The lowest selling rate eased 20 cents to end at $85. The highest buying rate for the British Pound, eased $1.70 to $181.30, the lowest buying rate declined by $1.66 to $146.20, the highest selling rate declined $1.98 to $190.62 and the lowest selling rate fell $2 to $175.