Purchases exceed sales by US$4m Friday

Sale of and purchases of all currencies by dealers was US$4 million less than sales on Friday as the Jamaican dollar slipped against two of the main currencies it regularly trades against, but trading in the important US dollar currency was evenly matched. Dealers bought the equivalent of US$29,230,364 compared with US$26,229,816, on Thursday while they sold the equivalent of US$25,122,040 versus US$26,264,239 previously.
In US dollar trading, dealers bought US$22,763,864 compared to US$22,637,066 on Thursday. The buying rate for the US dollar gained 5 cents at $115.73 and US$22,000,617 was sold versus US$24,198,294 on Thursday, the selling rate climbed 3 cents to $116.36. The Canadian dollar buying rate rose 25 cents to $92.20 with dealers buying C$1,018,027 and selling C$1,218,213, at an average rate that climbed 34 cents to $95.28. The rate for buying the British Pound increased 76 cents to $177.26 for the purchase of £3,214,767, while £877,534 was sold, at an average rate that jumped $1.64 to $180.54. At the end of trading it took J$130.69 to purchase the Euro, 71 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.01 for 64 cents lower than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$731,597, while the equivalent of US$762,505, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 15 cents to $116.65, the lowest buying rate remained unchanged at $95.19. The highest selling rate dropped $3.78 to $118.20 and the lowest selling rate declined $1.88 to $95.19. The highest buying rate for the Canadian dollar slipped 20 cents to $94.40, the lowest buying rate eased 29 cents to $74.99, the highest selling rose 45 cents to $97.50 and the lowest selling rate fell 20 cents to $90.50. The highest buying rate for the British Pound, increased $1.20 to $181.30, the lowest buying rate was unmoved at $143.42, with the highest selling rate dipped 97 cents to $183.93 and the lowest selling rate rose 80 cents to $173.60.