Now US$149m stock pile – Friday

Jamaica’s foreign exchange dealers bought US$9.6 million more than the amount sold on Friday, putting the surplus bought since the end of June to US$149 million, with the rate of the Jamaican dollar falling marginally against the United States currency.
In Friday’s trading, dealers bought US$32,516,814 and sold US$22,897,652 compared to US$25,425,966 purchased and US$18,298,372 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$29,161,988 compared to US$21,977,393 on Thursday. The buying rate for the US dollar rose 26 cents to $126.17. A total of US$21,536,270 was sold versus US$15,740,610 on Thursday, with the selling rate rising 16 cents to end at $126.93. The Canadian dollar buying rate dropped $1.81 to end at $94.44, with dealers buying C$1,060,908 and selling C$950,186 at an average rate that fell 18 cents to $97.05. The average rate for buying the British Pound climbed $1.22 to $162.38 for the purchase of £1,861,633, while £305,503 was sold to end at a rate of $163.79, for a fall of 83 cents.
At the end of trading, the selling rate for the Euro, fell 12 cents to close at J$141.04 from Thursday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$164,707 being bought, while US$240,602 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include a drop of $19.35 in the lowest buying rate of the US dollar to $103.45, a fall of 70 cents in the highest buying rate of Canadian Dollar to close at $97.80, a dive of $6.08 in the lowest selling rate to end at $77.60. Trading in the British Pound resulted in a jump of $3 in the highest buying rate to $167 and a rise of $2.30 in the lowest selling rate to close of $158.