Monday, 19th August 2013 | Trading in Monday’s forex market was characterised by heavy selling which exceeded the amount bought by nearly US$8 million. Selling of US$ was US$7 million more than bought with buying amounting to US$34.18 million at an average of $101.22, down 15 cents while selling totalled US$41.6 million at $101.93 down 2 cents. The Pound sterling also had more selling than the amounts bought with £3.18 million sold at an average price of $159.74 up 91 cents over Fridays price, versus £2.75 million purchased at an average price of $157.16, up 26 cents.

The Canadian dollar was purchased at 88 cents lower at $96.51 as C$1.29 million was bought and C$899,218 sold at 6 cents more than on Friday at an average of $98.62.

There was flux in the highest and lowest rates for the day with the US dollar being bought 5 cents more for the highest rate at $102.50 and sold at $13.83 more for the lowest selling rate which ended at $99.50. There was no change to the lowest buying and highest selling rates, which remains at $83.75 and $107.54 respectively.

The Canadian was bought at 30 cents less than on Friday at $98.70, while the lowest buying rate was 8 cents less than Friday’s rate as it closed at $79.43. Selling took place at the same rate as Friday of $102.51 at the high and $3.35 lower for the lowest rate of $92.45. The Pound was purchased as high as $160.70 up by $1.30 and 88 cents more at $129.07 for the lowest buying rate. Selling was $3.88 more at $166.38 for the highest selling rate and just 15 cents less for the lowest selling rate at $154.35.

Friday, 16th August 2013 | The Pound sterling was the currency with the largest moves on Friday in the Jamaican forex market and the US dollar was the most stable. Authorised dealers purchased the Pound sterling at $1.15 more than they did on Thursday as the buying rate closed at $156.89 with £1.4 million being bought while they sold £761,827 at an average of $158.83 for 30 cents more at the end of the day than the starting rate.

The highest buying rate for the Pound was $159.40 some 10 cents more than the prior day’s close and bought it as low as $128.19 up by 70 cents. The Pound was sold at $2.76 less at $162.50 as the highest selling rate and $2.45 more for the lowest selling rate at $154.50.

The US dollar average rate was up 17 cents buying as dealers bought US$31.2 million at $101.37and sold US$30.3 million for 7 cents more at $101.95 for the average selling rate. But it cost 20 cents more to purchase the US dollar at the highest price of $102.45 and 22 cents more the sell at the highest rate of $107.54, the lowest buying and selling rates remained as the day before at $83.75 buying and $83.67 selling.

The Canadian was costing dealers 89 cents more to buy from the public at $97.39 for C$1.55 million and the sold C$1.37 million at 12 cents more at $98.56. The Canadian dollar was purchased as high as $99 for 10 cents more than the previous day’s closing rate. The lowest buying rate was 8 cents more at $79.51, on the other hand, selling took place as high as $102.51, which was 5 cents cheaper than before and the lowest rate was 30 cents less at $95.80 than on Thursday.

Overall purchases amounted to the equivalent of US$35.36 million US$2.4 million more than the US$32.9 million.

Tuesday, 13th August 2013 | The forex market returned to normality with sales and purchasing of foreign currency almost equal but with a slight bias to selling over buying by a million dollars as US$31 million was bought and US$32 sold. The market may well be settling down as can be seen from the fairly stable rates this week and may remain that way for the rest of August. Thereafter it will depend on the central bank and what it plans to do in providing liquidity from September to November, a historic period of less foreign currency inflows.

Just as was the case on Monday, rates for changing the currencies remained fairly settled as 16 cents was added to the buying rate for the US dollar which ended at $101.29 with only a cent increase for the selling rate of $101.87. The Canadian dollar rate dropped by 51 cents on the buy side to end at $96.66 and 56 cents on the selling rate to close at $98.23. It took 42 cents less for dealers to purchase the Pound at $155.03 and 9 cents less when they sold it at an average of $157.88.

Highest lowest | Movements in the highs and lows were mixed and were well contained except for the lowest selling rate for the pound which increased by $2.50 and closed at $152.50. The highest buying rate for the Pound was lower by 35 cents to $157.75 and the highest sell rate fell by 48 cents to reach $164.73. The lowest buy rate slipped by 37 cents to $127.78.

Buying of the US dollar was as much as $102.15, a decrease of 35 cents over the prior rate but the lowest rate paid by them inched up by 8 cents at $83.75. Selling took place as high as $107.32, while they sold the dollar as low as $83.67, the same rates as on Monday.

The Canadian currency fetched as high as $99, just 10 cents lower than on Monday but the lowest rate was $79.76, up just 8 cents. It took 11 cents more when selling at the highest rate of $102.83 and 80 cents less for the lowest sell rate of $95.20.

Monday, 12th August 2013 | Today was characterised by large selling of US dollars by authorised dealers as the equivalent of US$60.6 million was sold against US$45.5 million bought. The rates for changing the currencies remained fairly settled as just 8 cents was shaved off the buying rate for the US dollar with no change for the selling rate. The Canadian dollar increased by 19 cents on the buy side and 13 cents on the selling rate. It took 44 cents more for dealers to purchase the Pound but sales were done at 54 cents less.

Highest lowest | Buying of the US dollar took place as much as $102.50, an increase of 35 cents over the prior rate but the lowest rate paid by them remained unchanged at $83.67. Selling took place as high as $107.32, which is an 11 cents increase while they sold the dollar as low as $83.67, off by $1.98.

The Canadian currency fetched a high of $99.10 when bought by dealers, just 5 cents lower than on Friday but the lowest the dealers bought the Maple leaf currency for was $79.68 up $1 and it took 64 cents more for selling at the highest rate of $102.72 and $1.60 more for the lowest sell rate of $96.

The rates for the Pound were mostly lower except for the highest buying rate, which climbed by 96 cents to $165.21 and the lowest sell rate that fell by $1.95 to reach $150. The highest buy rate slipped by 40 cents and the lowest by 13 cents.

Friday, 9th August, 2013 | Selling of foreign currency on Friday was higher than normal as US$48 million was sold but buying was only $32 million, nearly US$16 million more, thus wiping out the surplus of funds traded on Monday and Wednesday.

The actual amount of US currency traded was $28.6 million purchased with $45.3 million sold. The buying rate inched up by 6 cents to $101.21 and the selling rate moved up by 2 cents to settle at $101.85. The Canadian dollar buying rate increased by 78 cents to $96.99 and selling rose by 33 cents to close at $98.66. The average rate for the Pound rose by 17 cents for buying the British currency which closed at $155.01 and the average selling rate rose by 43 cents to $158.51.

Authorised dealers bought the US dollar at the highest for 5 cents more at $102.15 but the lowest buying rate remained unchanged at $83.67. The high rate for selling did not change to close at $107.21 but the lowest rate for selling was up $13.35 at $85.65.

The highest rate for buying the Canadian currency climbed 45 cents to $99.15 while the highest selling rate was up 22 cents and closed $102.08, the lowest buying rate remained flat at $78.68 and the lowest selling rate was down by 40 cents to $94.40.

The highest buying rate for the Pound edged down by 10 cents to $158.50 and lowest buying rate moved down by 87 cents to $128.28 while the highest selling rate remained flat at $164.25 there while  the lowest selling rate moved up $2.95 to $151.95.

Thursday, 8th August 2013 | There was a bit more selling of foreign currency on Thursday than amounts bought. The equivalent of US$34.4 million was purchased and the equivalent of US$36.5 million was sold. The actual amount of US currency traded was $29.9 million purchased with $33.2 being million sold.

The buying rate for the US dollar eased by 7 cents to $101.16 and the selling rate moved down by 2 cents to settle at $101.83. The Canadian dollar rate for buying increased by 22 cents and selling rate moved up by 71 cents.  The average rate settled at $96.21 buying and selling at $98.33. The average rate for the Pound rose by 19 cents for buying the currency which closed at $154.85 and the average selling rate rose by $1.56 to $158.08.

Authorised dealers bought the US dollar at $4.27 less at $102.10 for the highest rate but the lowest buying rate was flat at $83.67. The high for selling remain unchanged at $107.21 but the lowest rate for selling rose by $15.33 to close at $99.

The highest buying rate for the Canadian currency fell 20 cents to $98.70 while the highest selling rate decreased by 34 cents to $101.86 and the lowest buying rate fell by 40 cents to $78.68 and the lowest selling rate was down 50 cents to $94.80.

The highest buying rate for the Pound grew by 70 cents to $158.60 and lowest buying rate moved up by $1.66 to $127.41 while the highest selling rate increased by $1.24 to $164.25, there was no change in the lowest selling rate.

Wednesday, 7th August 2013 | Foreign exchange trading on Wednesday was higher than normal as it benefited from increase amounts based on the closure of the market on Independence Holiday, on Tuesday. Buying amounted to the equivalent of US$47.6 million and the equivalent of US$39.6 million sold. The actual amount of US currency traded was $43.2 million purchased with $37.4 million sold. The buying rate inched up by 6 cents to $101.22 and the selling rate moved up by 5 cents to settle at $101.86.

Authorised dealers bought the US dollar for $3.57 more, at $106.37 but the lowest buying rate rose by $2.98 to $83.67. The highest rate for selling increased by $2.67 to close at $107.21 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rate for buying fell by 8 cents and selling fell by 34 cents.  The rate settled at $95.99 buying and selling at $97.62. The highest buying rate for the Canadian currency fell 10 cents to $98.90 while the highest selling rate increased by 64 cents to $102.08, the lowest buying rate fell by 16 cents to $79.02 and the lowest selling rate was up by 50 cents to $95.20.

The average rates for the Pound rose by 92 cents for buying the currency which closed at $154.65 and the average selling rate rose by 46 cents to $156.52. The highest buying rate for the Pound grew by $1.50 to $15.90 and lowest buying rate moved up by $2.30 to $125.75 while the highest selling rate increased by $3.53 to $163.01 there was no change in the lowest selling rate.

Monday, 5th August 2013 | Monday was a big day in the forex market with the equivalent of US$55 million being purchased and US$48.7 million being sold. The actual amount of US currency traded was $48.98 million with $45.2 million sold. The buying rate inched up by 13 cents to $101.16 and the selling rate slipped by 4 cents to settle at $101.81. Authorised dealers bought the US dollar at 60 cents more at $102.80 but the lowest buying rate rose by $3.08 to $80.69. The high for selling declined by $2.67 to close at $104.54 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rates for buying and selling fell as buying rate cost 25 cents less than the price on Friday at $96.07 and selling was 34 cents less at $97.61. The highest buying rate fell 40 cents to $99 while the highest selling rate declined by $1.44 to $101.44 and the lowest buying rate increased by $1.53 to $79.18 and the lowest selling rate was down by $1.22 to $94.70.

The average rates for the Pound rose by $2.16 for buying the currency which closed at $153.73 and the sell rate rose by 89 cents to $156.06.