Friday, August 2nd, 2013 | The last two weeks to August 2nd were very good for the foreign exchange market as authorised dealers purchased US$21 more than they sold in the holiday shortened week on top of US$16 million more purchased than sold in the week ending the 26th of July. In weeks ending 12th and 19th of July, foreign currency dealers bought nearly $15 million more than they sold. with buying and selling being even in the 1st week of the month.

There was more buying than selling for all r days of trading this week. On Friday, US$2.6 million more was purchased than the amount sold, up from nearly US$10 million on Wednesday. Overall buying accounted for US$32.3 million and selling US$29.7 million on Friday.

Rates |The US dollar selling rate remained firm at $101.85 but all other spot rates declined with the buying rate for the US dollar falling by 33 cents to $101.03, that for the Canadian declined by $1.03 to close at $96.32 and the Pound Sterling lost $2 to $151.57. The Canadian selling rate slipped by 79 cents to $98.30 and the Pound by 97 cents to $155.17.

Dealers bought the US dollar as high as $102.20, down 30 cents and as low as $77.61, a decline of $6.06. It cost dealers 20 cents more to purchase the Canadian dollar at $99.40, the highest price paid and 15 cents less for the lowest price at $$77.95. For the pound, $155.70 the highest price but there was no change from the previous days rate, but the lowest buying rates slipped back by $1.82 to $123.97. On the sell side there was no charge for the US dollar from the day before, while the Canadian dollar cost 11 cents less at $102.88, the highest rate and 23 cents less for the lowest rate which ended at $95.92. The Pound was more expensive for the highest and lowest selling rates as the former increased by $3.86 to $162.16 and the lowest was up 85 cents to $150.60.

Wednesday, 31 July 2013 | The forex market was quite buoyant on Wednesday as selling of foreign currencies was far less than buying with the equivalent of US$46.95 million bought and only US$37.15 sold.

The selling rates eased by 1 cents for the US dollar and 79 cents for the Canadian and was up 50 cents for the Pound, which saw more selling than the amount purchased by £300,000, there was US$10 million less selling than buying. The Canadian dollar saw C$1.36 being purchased versus C$882,000 sold. Buying rate for the US dollar climbed by 13 cents to $101.36, the Canadian slipped by 93 cents to $97.35 and the Pound was off by 38 cents to $153.58.

The highest and lowest rates for the three main currencies were most soft with the US dollar increasing 30 cents on the highest buy rate but was flat for the lowest buy and the highest buy rates and fell back by $15.16 on the lowest selling rate. The Canadian fell for both buying rates by $1.10 and 74 cents respectively there was no change to the highest selling rate but the lowest rose by 75 cents to $96.50. All the rates for the pound fell between $4.82 for the highest selling rate to 74 cents for the lowest buy rate.

Tuesday, 30th July 2013 | Jamaicans got the US dollar for the same price as Monday at $101.86 and sold the currency for just 2 cents less on average to authorised dealers as US$28.6 million were purchased against US$27.1 million sold. Overall for all currencies traded US$34 million was purchased against US$31.7 sold on a day when the sale of Canadian was more than the amount purchased by just over C$1 million but the buying and selling rates for that currency slipped by 6 cents for the buying rate and 5 cents for the selling rate. There was more than a million pounds purchased than sold with the selling rate falling 76 cents to $155.64 and the buying rate moving up by 56 cents to $153.96.

Highest rates traded in buying the currencies were for the US dollar $102.20 down 30 cents, Canadian $100.30 up 55 cents, Pound sterling $156.70 down 40 cents while the lowest buying rates were the US dollar $83.67 an increase of 17 cents, Canadian $79.85 no change and the Pound sterling $126.53 down 5 cents.

Highest rates traded in selling the currencies were for the US dollar $107.21 same as the day before, Canadian $102.99 up 6 cents, Pound sterling $163.12  down 5 cents, while the lowest selling rates were the US dollar $98.83 up $15.16,  Canadian $95.40 up $1.28 and Pound sterling $151.45 up by $2.05.

Monday, 29th July 2013 | Monday was a buoyant day in Forex trading, as buying exceeded selling of all the currencies by US$6 million and the actual trading of US dollars resulted in $42.5 million being purchased and $37.64 being sold at rate that were very close to the closing rate on Friday.

There was more Canadian selling than buying as the buying rate moved up by 12 cents to $98.34 and the selling rate by 10 cents to $99.94. The Pound sterling closed at a selling rate of J$156.40 to a Pound as it lost 18 cents in the process while buying took place by authorised dealers at J$153.40 $1 less than on Friday.

Highest rates traded in buying the currencies were for the US dollar $102.50 up 35 cents, Canadian $99.75 down 25 cents, Pound sterling $157.10 an increase of 33 cents while the lowest buying rates were the US dollar $83.50 no change, Canadian $79.85, up 25 cents and the Pound sterling $126.58 up 75 cents.

Highest rates traded in selling the currencies were for the US dollar $107.21 up 21 cents, Canadian $102.93, Pound sterling $163.17 while the lowest selling rates were the US dollar $83.67 down $14.83, Canadian $94.12 down 38 cents and Pound sterling $149.40 a reduction of $2.10.

Friday, 26th July 2013 | In today’s forex trading, the equivalent of US$31.25 million amount of currency was purchased and $27.34 million was sold.

The Jamaican dollar closed at a selling rate of $101.85 to the US dollar, 2 cents more than on Thursday and authorised dealers purchased the US dollar for 100.30, up 10 cents on Thursday’s close. The Canadian dollar closed at a selling rate of $99.84, up $1.10 and authorised dealers purchased the Canadian dollar for $98.22, $1.58 more than the previous close.  The Pound sterling closed at a selling rate of J$156.58, which was 59 cents greater than the closing rate on Thursday while buying took place at 49 cents less at J$154.40.

Highest rates traded in buying the currencies were for the US dollar $102.15, down 20 cents, Canadian $100, down 46 cents, the Pound sterling $ 156.77 up 37 cents, while the lowest buying rates were the US dollar $83.50 the same rate as the day before, Canadian $79.60, up 33 cents and the Pound sterling declined by 41 cents to $125.83.

Highest selling rates were for the US dollar $107 no change, Canadian $102.67 no change, Pound sterling $ 160.07, an increase of $1.35 and the lowest selling rates were the US dollar $98.50 up $15, Canadian $94.50 down $1 and the Pound sterling $ 151.50 up $4.75.

Thursday, 25th July 2013 | In Thursday’s forex trading, buying of foreign currencies exceeded selling by nearly US$7 million compared with nearly US$3 million on Wednesday. Authorised dealers purchased the equivalent of US$35.8 million and sold US$28.98.

They purchased US$30.96 million in US dollar currency and sold US$25.7 million with the average rate edging up slightly by a few cents for both the buying and selling rates. The Canadian dollar rates that were up on Wednesday, put on 97 cents on the buying rate and 48 cents on the selling rate and saw $1.75 and $1 being slashed off the rates respectively. The average rate for the Pound put on $1.36 for the buying rate and lost 32 cents for the selling rate.

The highest and lowest rates were relatively stable except for the Pound where the highest buying rate fell by 30 cents to close at $156.40, the highest selling rate fell 79 cents to close at $158.72 and the lowest selling rate dropped by $5.25 to $146.75.

Tuesday, 23 July 2013 | The level of trading in the forex market returned to normal as purchases accounted for US$30 million and amount sold was US$32 million for all currencies traded. In the day’s trading, more Pounds were sold than purchased as purchases amounted to £1.2 million versus £1.922 million sold, an equal amount of Canadian dollars were sold and bought but there was a moderate amount of US dollar sold over the amount bought.

The US dollar buying rate fell an average of 28 cents and the selling rate inched up by 3 cents. The buying rate for the US dollar climbed $1.47 to close at $97.42 and the selling rate moved up by 96 cents to $99.35. The British Pound gained 95 cents buying to reach $153.71 and selling took place for 62 cents more than on Monday, at $156.30.

The highest buying rates all fell back on the day between 18 cents in the case of the US dollar to $1.85 for the Pound. Only the Canadian dollar lowest buying rate changed, it increased by 42 cents to close at $79.35. All the highest buying rates increased from a low of 21 cents for the US dollar to a high of $1.17 for the Pound. There was no change to the lowest selling rate for the US dollar. The Canadian dollar climbed 45 cents to $95.50 and the Pound by $1.35 to $151.30.