Monday, 8th July 2013 | The Pound sterling and the Canadian dollar were mostly cheaper today versus the Jamaican dollar and the US dollar was moderately more expensive as a total amount of currencies traded was the equivalent of US$42.5 million buying while $38.6 million was sold.

In today’s Forex trading, the Jamaican dollar closed at a selling rate of $101.72 to the US dollar as the currency slowly drifts upwards, this time by 7 cents, and authorised dealers purchased the US dollar for 101.05, more than 15 cents than they did on Friday. The Canadian dollar closed at a selling rate of $96.22 down by $1.08 and authorised dealers purchased the Canadian dollar for $94.67 less than Friday by $1.28. The Pound sterling closed at a selling rate of J$152.43, an insignificant 9 cents more than Fridays close, while buying took place by authorised dealers at J$149.39, a significant $1.31 below Fridays close.

Highest rates traded in buying the currencies: For the US dollar $102.80 up 50 cents, Canadian $96.40 down 45 cents, Pound sterling $ 154.70 up 10 cents. The lowest buying rates were the US dollar $83.50 up 42 cents, Canadian $77.27 down 71 cents, Pound sterling $122.63 down $1.41.

Highest rates traded in selling the currencies:  For the US dollar $107 no change, Canadian $100.53 no change from Friday, Pound sterling $159.91 up $1.91. The lowest selling rates were the US dollar $82.67 up 42 cents, Canadian $92 down $1.95, Pound sterling $ 147 down $1.

Friday, 5th July 2013 | The Pound got hit today again as it did yesterday when it fell by $1.60 for the buying rate and for the selling $1.21 on top of the losses in Thursday’s trade when it fell $1.38 for the buying rates and was down $1.07 for the selling rate. A major reason for the decline is a sharp fall in the value for the Pound against the USA dollar which surged today against most currencies with the release of better than expected payroll employment numbers in the US economy. The highest and lowest rates for the British currency all fell with the highest selling rate dropping all of $3.57 and the lowest by 50 cents. The highest buying rate was down by 70 cents and the lowest by $1.29.

The US dollar slipped by 3 cents on the selling side and it gained 27 cents on the buying rate while the Canadian moved up sharply from Thursday’s prices closing at $1.11 up on the buying rate and 71 cents up on the selling rate. With the exception of a 85 cent s drop on the highest buying rate all the other highest and lowest rates moved up for the Maple leaf currency. The US dollar moved up for all the highest and lowest rates except there was no change to the lowest selling rate.

The selling rates for the US dollar closed at $101.65, the Canadian $97.31 and the Pound $152.34.

It was a pretty big day as US$43 million was sold for the collective currencies and buying took place for US$33.99 million.

Thursday, 4th July 2013 | The US dollar selling rate rose by 18 cents in Forex trading with the rate closing at 101.68 as buying took place at 12 cents less than on Wednesday at 100.63. US$15.66 million was purchased and selling took place for US$16.86 million.

There was more buying of pound and Canadian dollars than the amounts sold. Overall the equivalent of $19.05 million were purchased and US$19.6 million was sold on a day when buying rate for the Canadian dollar moved up 38 cents to $94.85 but the selling rates slipped by 17 cents to close at $96.59. The pound dropped by $1.38 buying and $1.07 selling.

The highest a lowest buying and selling rates also showed a mixed picture with the highest buying rates moving up 1 cent for the US dollar, $1.25 for the Canadian dollar and down $1.75 for the pound. There was no change for the lowest selling rates for the US and the Canadian dollars but the Pound put on $1.83. The highest selling rates were 53 cents up for the US dollar, no change for Canadian and $2.67 up for the Pound. The lowest selling rates were $15.25 down for the US dollar and 65 cents up for the Canadian dollar and 30 cents off for the Pound.

Wednesday, 4th July 2013 | Buying and selling in the forex market was almost equally divided on Wednesday with US$30.5 million purchased versus US$31 million sold as the US dollar buying rate climbed 14 cents and the selling rate inched up 6 cents. The Canadian dollar buying rate moved up 3 cents and selling rate fell 3 cents. The buying rate for the Pound sterling closed up $2.22 while the selling rate declined by 39 cents.

The highest buying rates fell for the US and Canadian dollars by 51 cents and $1.05 respectively, while that for the Pound climbed $2.35. There was no change for the lowest buying rate for the US dollar. The buying rates for Canadian dollar and Pound fell by 45 cents and 63 cents respectively. There was no change for the highest buying rate for the US dollar while the lowest rate climbed $14.84. The Canadian dollar moved up 28 cents for the highest selling rate and the lowest rate moved down by 55 cents, the Pound suffered a decline of $1.12 cent and a 75 cents decline for the lowest selling rate.

Tuesday, 2nd July 2013 | The foreign exchange market saw almost equal buying and selling with the selling rate for the US dollar inching up 10 cents for the day to close at $101.44 while the buying rate fell by a cent. Trading in US dollar currency brought in $23.2 million with selling amounting to $22.95 million.

Canadian dollars buying amounted to $805,000 with $760,000 being sold and the buying rate moving up by 32 cents to close at $94.44 and the selling rate ending the day at $96.80, down by just 4 cents. The Pound sterling edged down 7 cents on the buying of £1.26 million and selling took place at an average of £155, up 93 cents on the day,

Highest lowest | There was quite a bit of movement in the highest and lowest traded rates with the US dollar moving up 65 cents for the highest buying rate and 42 cents on the lowest selling rate. The highest buying remained unchanged from Monday but the lowest selling moved up by 41 cents. The Canadian dollar moved up 80 cents for the highest buying rate and 25 cent on the lowest selling rate, while the highest buying slipped 38 cents from Monday and the lowest selling moved up by just 10 cents. The Pound moved down 30 cents for the highest buying rate and up 67 cents on the lowest selling rate while the highest buying rate gained 43 cents from Monday and the lowest selling moved up by 90 cents.

Volume | Total US dollar equivalent bought was $26.6 million with $25.96 being sold.

Monday, 1st July 2013 | As was the case on Friday, authorised dealers bought much more foreign exchange than they sold. Unlike Friday, when the excess buying over sales is an unusual occurrence, today’s trades are in line with the long term market trend where Mondays are usually the highest day for inflows as week-end flows are sold into the financial system.

The total amount of purchases on Monday amounted to US$41.6 million, more than $9 million over Friday’s purchases of US$32.2 million and the amount sold amounted to US$33 million, $8.6 million more than Friday’s US$24.5 million. While the actual selling of US currency was $7.4 million less than purchases of $38.26 million.

The selling rate for the US dollar inched down by just 4 cents and the buying rate went up by 7 cents. There was also more buying of Pound Sterling and the Canadian dollars than the amounts sold to end users.

The average selling rate for the Canadian dollar gained 14 cents while the buying rate fell $1.43.  The rate for buying the Pound, which fell $1.18 on Friday, declined further by $1.21 to close at $151.54 and was down only 40 cents on the selling rate which ended at $154.07.

There were no changes for the minimum buying rates for any of the currencies, while the highest buying rates moved up by 10 cents for the Canadian dollar and also went up for the selling rates with the highest climbing 70 cents and the lowest by 20 cents.  The highest buying rate for the US dollar moved down by 15 cents as the highest selling rate moved up 53 cents with no change for the lowest selling rate. The Pound declined for the highest buying rate which fell by $1.50 and the highest selling rate moved down by $1.12 and 10 cents for the lowest selling rate.

Friday, 28th June 2013 | In today’s foreign exchange trading, authorised dealers bought much more foreign exchange than they sold, an unusual occurrence for a Friday. This seems to have signalled to Bank of Jamaica that speculation could be re-entering the market. As such, the BOJ initiated a pre-emptive strike in an after hours move in which they announced two Certificates of Deposit instruments to mop up Jamaican dollar liquidity and pry foreign currency into the NIR in the coming week.

The total amount of currency purchased on Friday amounted to US$32.2 million and selling US$24.5 million. While the actual selling of US dollars was nearly $6 million less than purchases, the selling rate inched down by just 1 cent and the buying rate by 11 cents. There was more buying of Pound Sterling and the Canadian dollars than the amounts sold to end users.

The average selling rate for Canadian dollar gained 4 cents and for the buying rate, 9 cents. The rate for the Pound fell all of $1.18 for the buying rate to close at $152.75 and was down only 6 cents on the selling rate.

Traders dropped the minimum selling rate for three currencies between 5 cent and $1.94, while the highest selling rate hardly changed. The highest buying rate for the US dollar moved up 20 cents but for the Canadian dollar it fell by 20 cents and the pound was also off 50 cents.

Thursday, 27th June 2013 | There was more selling of US dollar than on Wednesday and less buying by dealers but the actual purchases of US currency exceeded the sales of the US currency by US$7.6 million. There was more buying of the Pound Sterling and the Canadian dollars than the amounts sold to end users. Total buying amounted to the equivalent of US$25.767 million and selling was US$32.72 million.

The average rates for the US dollar inched down by 10 cents on the buy side and moved up 7 cents for sales with the selling rate closing at $101.38. That for the Canadian dollar gained 64 cents for the buying rate but was down 32 cents for the average sell rate, which moved to $96.66.  The rate for the Pound fell 5 cents for the buying rate to close at $153.93 and was down 95 cents on the selling rate to end at $154.54.

Traders drop back the minimum selling rate for the US dollar by $14.31 to $84.19. On Thursday the rate moved by $16.17 to a $98.50 on the day when they bought at 20 cents less or at $101.80 at the highest price from the public than they did on Wednesday. The Canadian dollar traded again today at $96.80 at the high, no change for both the buying at the highs and lows. The lowest rate went up by 45 cents to $92.85 and the highest was down by 27 cents to $99.35. The Pound sterling buying was 30 cents more for the highest rate of $157 and $6.48 less for the lowest buying rate while the selling rates moved up by $1.48 on the highest of $160.71 and the lowest which was $150.2 was greater by $4 than on Wednesday.