Inflows of foreign currencies into the system on Friday increased sharply over that on Thursday but the Jamaican dollar continued to lose ground against the US and Canadian dollars and the Pound sterling. At the close of trading, the equivalent of US$44,956,234 was bought by dealers, compared with US$28,233,428 on Thursday, while they sold the equivalent of US$47,742,798 versus US$39,641,899 on the previous trading day.
In US dollar trading , dealers bought US$40,384,483 compared to US$25,490,364 on Thursday. The buying rate for the US dollar rose 14 cents to $119.32 and US$45,772,236 was sold versus US$37,287,671 on Thursday, the selling rate rose 9 cents to end at $119.83. The Canadian dollar buying rate climbed 52 cents to end at $89.15, with dealers buying C$1,678,847 and selling C$1,291,495, at an average rate that rose 6 cents to $90.58. The rate for buying the British Pound jumped $3.19 to $181.91 for the purchase of £2,019,573, while £579,503 was sold, at an average rate that climbed 71 cents to $182.58. At the end of trading, it took J$131.24 to purchase the Euro, a fall of $1.22 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.66 for a gain of $1.11 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$238,281 being bought, while US$111,375 was sold.
Highs & Lows| On Friday, the highest buying rate for the US dollar, was unchanged at $120, the lowest buying rate rose 8 cents to $98.36, the highest selling rate lost $1.66 to end at $124.28 and lowest selling rate dropped $2.23 to end at $98.37. The highest buying rate for the Canadian dollar climbed 50 cents to $92, the lowest buying rate rose 4 cents to end at $72, the highest selling rate fell $1.10 to end at $93.20 and the lowest selling rate climbed 50 cents to $86.50. The highest buying rate for the British Pound, climbed $1.40 to end at $184.60. The lowest buying rate fell 42 cents to $146.66 the highest selling rate slipped $1.87 to $187.73 and the lowest selling rate remained unchanged at $177.

The local currency lost value against the US dollar, the Pound sterling and Canadian dollar on Wednesday. At the close of trading, the equivalent of US$34,040,455 was bought by dealers, compared with US$32,817,588 on Tuesday, while they sold the equivalent of US$41,709,262 versus US$40,013,573 on the previous trading day.
In US dollar trading , dealers bought US$31,509,182 compared to US$29,941,222 on Tuesday. The buying rate for the US dollar fell 10 cents to $119.06 and US$40,398,527 was sold versus US$38,224,150 on Tuesday, the selling rate rose 7 cents to end at $119.71. The Canadian dollar buying rate fell 19 cents to end at $87.32, with dealers buying C$862,611 and selling C$599,125, at an average rate that rose 4 cents to $89.64. The rate for buying the British Pound increased by 45 cents to $180.70 for the purchase of £1,197,625, while £513,151 was sold, at an average rate that climbed 18 cents to $181.72. At the end of trading, it took J$132.20 to purchase the Euro, a rise of 2 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.69 for a gain of 13 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$81,011 being bought, while US$83,138 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $119.90, $98.28 and $125.94 respectively and lowest selling rate fell $3.89 to end at $98.28. The highest buying rate for the Canadian dollar climbed 85 cents to $91.10, the lowest buying rate dropped 25 cents to $71.96, the highest selling rate rose $1.30 to end at $94.39 and the lowest selling rate dipped 50 cents, to $84. The highest buying rate for the British Pound, climbed 20 cents to end at $183.35. The lowest buying rate fell 42 cents to $147.49, the highest selling rate fell $2.99 to $187.47 and the lowest selling rate rose $1.80 to end at $175.

The Jamaican dollar lost value against all three major currencies, on Friday in spite of more foreign exchange being bought by dealers than the amount they sold.
Authorized dealers purchased a net equivalent of US$3.6 million for all currencies, but that disguises what took place on the day, as a net selling of the British pound primarily by National Commercial Bank (NCB) with a net sale of £4.6 million overshadows the net buying of US$12 million by dealers, mainly by Scotia Bank with a net of US$4.5 million, NCB net of US$3 million, Sagicor net of US$2 million.
Overall there was buying of the equivalent of US$60,517,416 versus US$32,509,858 on Thursday, and selling of the equivalent of US$56,937,674 compared to US$26,135,874 on Thursday. In US dollar trading, dealers bought US$56,245,001 compared to US$25,759,759 on Thursday. The buying rate for the US dollar rose 39 cents to $113.76 and US$44,323,676 was sold versus US$22,639,166 on Thursday. The selling rate rose 5 cents to $114.12. The Canadian dollar buying rate fell 37 cents to $98.25 with dealers buying C$2,597,398 and selling C$3,597,398, at an average selling rate that gained 65 cents, to $99.90. The rate for buying the British Pound climbed 17 cents to $176.53, for the purchase of £1,176,395, while £5,626,341 was sold, the rate rose 86 cents to $179.73. At the end of trading it took J$141.24 to purchase the Euro, 35 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.28, a fall of 40 cents. Other currencies bought, amounted to the equivalent of US$203,636 while the equivalent of US$604,170, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 20 cents higher at $114.55, the lowest buying and the highest selling rates were unchanged at $93.52 and $119.84 respectively and the lowest selling rate fell $16.14 to $95.36. The highest buying rate for the Canadian dollar climbed 25 cents to end at $99.70. The lowest buying rate closed 17 cents higher, at $79.02. The highest selling rate fell 28 cents to $101.91 and the lowest selling rate moved up 20 cents to $95.20. The highest buying rate for the British Pound, gained 55 cents to $179.85. The lowest buying rate closed with 37 cents gain at $143.96 and highest selling rate dropped $2.33 to $182.78, the lowest selling rate rose 45 cents to $173.45.