Jamaica enjoyed a week of strong net inflows on the FX front
Dealers bought the equivalent of US$48,985,627 and sold US$38,223,472, compared with US$42,340,656 and US$36,886,077 respectively on Thursday.
Purchase of US dollars , exceeded the amount sold by dealers by US$8.5 million with dealers buying US$45,286,649 compared to US$38,568,833 on Thursday. The buying rate for the US dollar rose 5 cents to $119.89. A total of US$36,755,007 was sold versus US$33,479,725 on Thursday, the selling rate moved up by 5 cents to $120.37. < The Canadian dollar buying rate dropped $1.70 to end at $83.37 with dealers buying C$1,240,010 and selling C$967,704, at an average rate that lost $1.14 to $85.29. a href=”http://icinsider.com/wp-content/uploads/2015/12/FX-trade-sum-18-12-15.png”>
The rate for buying the British Pound climbed $2.88 to $178.42 for the purchase of £1,607,390, while £395,048 was sold, with the rate falling 51 cents to $177.13. At the end of trading, it took J$130.36 to purchase the Euro, for a fall of $1.37 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.89 for a decline of $1.13 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$444,482 being bought, while US$201,416 was sold.Highs & Lows| The highest buying rate for the US dollar, fell 43 cents to $120.12, the lowest buying rate dropped 29 cents to $98.57, the highest selling rate slipped 38 cents to $126.31 and lowest selling rate was down 21 cents to $98.57.
The highest buying rate for the Canadian dollar climbed $2.23 cents to $89.75, the lowest buying rate jumped $2.57 to $71.88, the highest selling rate dipped 29 cents to $92.66 and the lowest selling rate climbed $4 to $86. The highest buying rate for the British Pound, rose 93 cents to end at $182. The lowest buying rate gained $2.07 to $145.83, while the highest selling rate fell $1.87 to end at $185.63 and the lowest selling rate rose by $3 to $176.
