US$58m FX Inflows on Friday

Flows into the Jamaican foreign exchange market continue to remain strong on Friday, with over $57 million, but the rate of the Jamaican dollar slipped slightly against the US dollar and the Canadian dollar but gained versus the British pound.
Dealers bought the equivalent of US$57,959,306 and sold US$53,791,134, compared with US$37,528,023 and US$37,646,794 respectively on Thursday.
Purchase of US dollars , exceeded the amounts sold by dealers by US$4.7 million with dealers buying US$53,896,854 compared to US$34,101,622 on Thursday. The buying rate for the US dollar rose 21 cents to $119.84. A total of US$49,125,914 was sold versus US$35,323,948 on Thursday, the selling rate moved up by 2 cents to $120.23. The Canadian dollar buying rate fell 92 cents to end at $85.09 with dealers buying C$1,160,529 and selling C$4,684,848, at an average rate that rose $1.35 to $88.70. The rate for buying the British Pound climbed $1.15 to $179.54 for the purchase of £2,055,013, while £729,623 was sold, with the rate losing $1 to $180.55. At the end of trading, it took J$131.48 to purchase the Euro, an decline of 25 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.88 for a 32 cents fall from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$159,711 being bought, while US$113,315 was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $120.45, the lowest buying rate rose 4 cents to $98.74 , the highest selling rate gained 6 cents to end at $126.53 and lowest selling rate remained and $117. The highest buying rate for the Canadian dollar fell $1.60 to $87.90, the lowest buying rate was unchanged at $70.38, the highest selling rate rose 6 cents to $90.80 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, declined 70 cents to end at $182.90. The lowest buying rate gained 83 cents to $145.67, while the highest selling rate climbed $1.07 to end at $187.78 and the lowest selling rate remained at $174.