Volumes climb but J$ falters Vs US$ on Friday

The Jamaican dollar lost ground against the US dollar but gained against the British pound and the Canadian dollar, on Friday. The level of trading increased strongly over Thursday’s levels, as authorized dealers purchased the equivalent of US$39,425,266 versus US$23,655,831, on Thursday, and sold the equivalent of US$31,274,156 compared with US$20,111,379 on Thursday.
In US dollar trading, dealers bought US$35,565,489 compared to US$20,915,015 on Thursday. The buying rate for the US dollar gained 19 cents to $113.13 and US$29,379,322 was sold versus US$18,955,032 on Thursday. The selling rate climbed 5 cents to $113.59. The Canadian dollar buying rate fell 31 cents to $97.83 with dealers buying C$1,316,08 and selling C$704,733, at an average selling rate that declined 57 cents, to $99.66. The rate for buying the British Pound rose 17 cents to $175.97, for the purchase of £1,665,720, while £718,932 was sold, the rate climbed 35 cents to $178.19. Other currencies bought, amounted to the equivalent of US$130,742 while the equivalent of US$148,673, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $113.75, the lowest buying was unchanged at $93.10. The highest selling rate put on 33 cents to $119.63, but the lowest selling rate climbed 37 cents to $95.31. The highest buying rate for the Canadian dollar gained 30 cents to $100.80, the lowest buying rate closed up 8 cents to $80.59. The highest selling rate put on 11 cents to $103.90 and the lowest selling rate remained at $97. The highest buying rate for the British Pound, was off 10 cents to $178.70. The lowest buying rate rose 33 to $144.42, the highest selling rate fell $3.72 to $182.03 and the lowest selling rate climbed $1 to $174.