Revaluation continues on Friday

The Jamaican dollar had another day of moderate appreciation on Friday, against the major currencies it normally trades with. Purchases of all currencies by dealers ended at US$31,930,849 equivalent, compared with US$32,018,857, on Thursday and selling of the equivalent of US$28,769,520 versus US$55,570,947 on the previous trading day.
In US dollar trading, dealers bought US$29,615,584 compared to US$27,951,764 on Thursday. The buying rate for the US dollar fell 2 cents to $114.90 and US$27,744,558 was sold versus US$54,257,038 on Thursday, the selling rate slipped 7 cents to end at $115.40. The Canadian dollar buying rate fell 71 cents to $88.93 with dealers buying C$1,123,731 and selling C$607,734, at an average rate that dropped 65 cents to $90.48 The rate for buying the British Pound dived $4.73 to $168.67 for the purchase of £839,337, while £315,756 was sold, at an average rate of $171.06, for a fall of $1.61. At the end of trading it took J$122.59 to purchase the Euro, 47 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.18 for a rise of 40 cents from Thursday. Other currencies bought, amounted to the equivalent of US$213,510 while the equivalent of US$80,461, was sold.
Highs & Lows| The highest buying rate for the US dollar, lost 15 cents to end at 115.50, the lowest buying and the highest selling rates remained at $$94.36 and $120.91 respectively. The lowest selling rate rose by $1.86, to end at $96.22. The highest buying rate for the Canadian dollar rose 30 cents to $92, the lowest buying rate was up 21 cents to $72.13. The highest selling rate gained 50 cents to $94 and the lowest selling rate rose 25 cents to $86.90 The highest buying rate for the British Pound, climbed 97 cents to $177. The lowest buying rate dropped 53 cents to $138.20, the highest selling rate rose 45 cents to $179.30 and the lowest selling rate fell $1.15 to $166.