Positive FX inflows for Jamaica – Friday

Flows in and out of the Jamaican foreign exchange market ended with a surplus of US$10 million on Friday, bringing the net take for September to US$168 million. The impact on rates was mixed, with slippage in the value of the Jamaican dollar against the United States dollar, the British Pound and euro, while it gained against the Canadian dollar.
At the end of trading, the equivalent of all currencies bought by dealers amount US$36,697,304, while US$26,244,697 was sold compared to US$29,696,401 purchased and US$29,483,135 sold on Thursday.
In US dollar trading, dealers bought US$33,292,037 compared to US$26,609,238 on Thursday. The buying rate for the US dollar rose 9 cents to close at $127.59. A total of US$25,030,676 was sold versus US$27,286,685 on Thursday, with the selling rate rising 7 cents to end at $128.27. The Canadian dollar buying rate dropped $1.77 to $95.08, with dealers buying C$985,077 and selling C$404,100 at an average rate that fell 60 cents to $97.31. The average rate for buying the British Pound rose 38 cents to $163.15 for the purchase of £1,534,021 while £481,891 was sold as the rate climbed 55 cents to end at $166.78.
At the end of trading, dealers sold €208,606 as the selling rate for the Euro, closed at $144.95 for rise of $1.03 from Thursday’s rate, according to data from Bank of Jamaica. Dealers purchased €557,430 of the European common currency at $142.19 after rising $3.88 from the rate on Thursday. The US dollar equivalent of other currencies traded, amounts to US$88,347 being bought and the selling of US$45,171.
Highs & Lows| Changes to the highest and lowest traded rates for the US Dollar remain moderate but notable changes to rates for the three other regularly traded currencies in the foreign exchange market on Friday, include a fall of $2.40 in the highest buying rate of the Canadian dollar to $97.70. The highest buying rate of the British Pound jumped $1.58 to $168.18. Trading in the Euro resulted in a jump of $3.50 in the highest buying rate to $145 while the lowest selling rate fell $22.55 to $114.53.