Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping slightly against the US dollar on Friday but rising against the Pound and Canadian. The market ended with dealers buying the equivalent of US$43,527,882 and selling US$36,684,327, in contrast to US$30,209,395 purchased and US$32,885,951 sold on Thursday.
In US dollars trading, dealers bought US$39,284,534 compared to US$27,859,338 on Thursday, with the buying rate for the US dollar rising 15 cents to $121.48. A total of US$34,523,089 was sold versus US$30,893,426 on Thursday as the selling rate climbed 2 cents to $122.03. The Canadian dollar buying rate gained 77 cents to end at $88.73 with dealers buying C$1,158,202 and selling C$1,229,514, at an average rate that fell 57 cents to $91.69. The rate for buying the British Pound climbed 42 cents to $170.04 for the purchase of £2,250,064, while £558,147 was sold, the rate fell 15 cents to $172.22. At the end of trading, the selling rate for Euro, climbed $1.70 to close at J$135.99, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.21 for a rise of $170 on Thursday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$247,992 being bought, while US$449,658 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a rise of $1.10 in the lowest selling rate of the Canadian dollar that closed at $87.20 and a rise of $1.50 in the highest buying rate of the British Pound that landed at $175.60.
J$ slips v US on Friday
J$ down on Thursday
Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping slightly against the US dollar on Thursday. The market ended with dealers buying the equivalent of US$30,209,395 and selling US$32,885,951, in contrast to US$35,500,755 purchased and US$40,719,380 sold on Wednesday.
In US dollars trading, dealers bought US$27,859,338 compared to US$31,719,075 on Wednesday, with the buying rate for the US dollar rising 7 cents to $121.33. A total of US$30,893,426 was sold versus US$37,320,280 on Wednesday as the selling rate climbed 5 cents to $122.01. The Canadian dollar buying rate fell $1.63 to end at $87.96 with dealers buying C$762,092 and selling C$1,488,191, at an average rate that rose $1.42 to $92.26. The rate for buying the British Pound dropped 51 cents to $169.62 for the purchase of £1,173,054, while £526,186 was sold, the rate fell 7 cents to $172.37. At the end of trading, the selling rate for Euro, fell 46 cents to close at J$134.29, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.51 for a fall of 37 cents on Wednesday’s rate. The US dollar equivalent of other currencies 
traded, amounts to US$157,632 being bought, while US$123,757 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a rise of $18.30 in the lowest selling rate for the US dollar that ended at $118, a rise of $1.10 in the lowest selling rate of the Canadian dollar that closed at $86.10 and a rise of $2 in the lowest selling rate of the British Pound that landed at $166.
J$ down on Wednesday
Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping against the three majors on Wednesday. The market ended with dealers buying the equivalent of US$35,500,755 and selling US$40,719,380, in contrast to US$28,345,738 purchased and US$37,733,784 sold on Tuesday.
In US dollars trading, dealers bought US$31,719,075 compared to US$24,911,761 on Tuesday, with the buying rate for the US dollar rising 13 cents to $121.26. A total of US$37,320,280 was sold versus US$36,231,245 on Tuesday as the selling rate climbed 6 cents to $121.96. The Canadian dollar buying rate climbed $1.79 to end at $89.59 with dealers buying C$2,094,801 and selling C$1,463,405, at an average rate that rose $1.13 to $90.84. The rate for buying the British Pound climbed 98 cents to $170.13 for the purchase of £1,424,687, while £1,109,796 was sold, the rate gained $1.13 to $172.44. At the end of trading, the selling rate for Euro, rose 91 cents to close at J$134.74, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.88 for a rise of 72 cents on Tuesday’s rate. The US dollar equivalent of other currencies 
traded, amounts to US$235,059 being bought, while US$739,991 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a fall of $18.30 in the lowest selling rate for the US dollar that ended at $99.70 and a rise of 70 cents in the highest buying rate of the Canadian dollar to $92.
J$ mostly gains on Tuesday
Trading in the Jamaican foreign exchange market resulted in the Jamaican dollar slipping against the US dollar but rising versus the rest. Volumes slipped back from the high levels of the past two trading days to more normal levels on Tuesday.
The market ended with dealers buying the equivalent of US$28,345,738 and selling US$37,733,784, in contrast with US$44,518,271 purchased and US$47,139,125 sold on Monday.
In US dollars trading, dealers bought US$24,911,761 compared to US$40,700,061 on Monday, with the buying rate for the US dollar declining 10 cents to $121.13. A total of US$36,231,245 was sold versus US$44,798,976 on Monday as the selling rate climbed 5 cents to $121.90. The Canadian 
dollar buying rate climbed 63 cents to end at $87.80 with dealers buying C$1,157,694 and selling C$549,737, at an average rate that fell 49 cents to $89.71. The rate for buying the British Pound slipped 21 cents to $169.15 for the purchase of £1,693,738, while £595,863 was sold, the rate fell 52 cents to $171.41. At the end of trading, the selling rate for Euro, fell 30 cents to close at J$133.84, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.16 for a fall of 41 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$229,731 being bought, while US$260,107 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a fall of $1.70 in the highest buying rate for the Canadian dollar that ended at $91.30, the lowest selling rate dropped $1.70 to $84.50, the highest buying rate for the British Pound gained 75 cents to $174.25 and the lowest buying rate jumped 83 to end at $137.95 and the highest selling rate fell 86 cents to $179.50.
Buoyant FX trading on Monday
Trading in the Jamaican foreign exchange market on Monday saw a continuation of relatively high volumes with dealers buying the equivalent of US$44,518,271 and selling US$47,139,125, in contrast with US$46,633,736 purchased and US$39,279,414 sold on Friday.
In US dollars trading, dealers bought US$40,700,061 compared to US$42,784,797 on Friday, with the buying rate for the US dollar declining 12 cents to $121.23. A total of US$44,798,976 was sold versus US$37,116,900 on Friday as the selling rate slipped 2 cents to $121.85. 
The Canadian dollar buying rate fell 45 cents to end at $87.17 with dealers buying C$1,351,796 and selling C$765,595, at an average rate that climbed 50 cents to $90.20. The rate for buying the British Pound rose 71 cents to $169.35 for the purchase of £1,901,755, while £1,068,937 was sold, with the rate rising $1.80 to $171.93. At the end of trading, the selling rate for Euro, climbed 91 cents to close at J$134.14, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.57 for a rise of 90 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$189,659 being bought, while US$265,153 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Monday are, a jump of $1.90 in the highest buying rate for the Canadian dollar that ended at $93, the lowest selling rate climbed $3.10 to $86.20 and the highest selling rate for the British Pound gained $1.94 to $180.36 and the lowest selling rate jumped $2.50 to end at $164.50.
Buoyant FX trading on Friday
Trading in the Jamaican foreign exchange market on Friday saw relatively of high volumes for with dealers buying the equivalent of US$46,633,736 and selling US$39,279,414, in contrast with US$44,241,712 purchased and US$39,776,239 sold on Thursday.
In US dollars trading, dealers bought US$42,784,797 compared to US$40,866,243 on Thursday, with the buying rate for the US dollar rising 1 cent to $121.35. A total of US$37,116,900 was sold versus US$38,015,855 on 
Thursday as the selling rate slipped 1 cent to $121.87. The Canadian dollar buying rate fell $1.10 to end at $87.62 with dealers buying C$1,343,026 and selling C$557,528, at an average rate that fell $1.10 to $89.70. The rate for buying the British Pound rose 92 cents to $168.64 for the purchase of £1,864,225, while £489,331 was sold, with the rate falling 41 cents to $170.13. At the end of trading, the selling rate for Euro, climbed $1.28 to close at J$133.24, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.66 for a rise of $1.43 from Thursday’s rate. The US dollar equivalent of other currencies 
traded, amounts to US$288,389 being bought, while US$1,069,050 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a jump of $1.20 in the highest selling rate for the US dollar that ended at $128.90, the highest selling rate of the Canadian dollar climbed $1.85 to $94.45 and the highest selling rate for the British Pound gained $2.73 to $178.42.
Big FX trading continues on Tuesday
Trading in the Jamaican foreign exchange market on Tuesday saw another day of high volumes for the third consecutive day with dealers buying the equivalent of US$76,783,088 and selling US$77,003,971, in contrast with US$77,059,769 purchased and US$85,477,235 sold on Monday.
In US dollars trading, dealers bought US$71,080,717 compared to US$73,434,983 on Monday, with the buying rate for the US dollar rising 9 cents to $121.51. A total of US$73,587,571 was sold versus US$83,624,941 on Monday as the selling rate slipped 2 cents to $121.82. 
The Canadian dollar buying rate rose $1.45 to end at $85.53 with dealers buying C$1,852,682 and selling C$796,989, at an average rate that fell 19 cents to $86.59. The rate for buying the British Pound rose 65 cents to $173.36 for the purchase of £2,250,589, while £1,001,147 was sold, with the rate being up $2.57 to $174.54. At the end of trading, the selling rate for Euro, ended with a fall of $1.18 to close at J$135.78, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.28 for a decline of $1.09 from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$1,187,546 being bought, while US$1,415,534 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a jump of $18.14 in the lowest selling rate for the US dollar that ended at $117.50, the lowest selling rate of the Canadian dollar dropped $1.36 to $80.14 and the highest buying rate for the British Pound rising by $1.85 to $177.85 whilst the lowest selling rate fell $1 to $167.
Remittances up strongly in October
Jamaica continues to garner increasing inflows of remittances, with the latest data indicating another record year of well over $2 billion to be generated from this source, with just two more months’ figures left to close out the year.
The country should see the record inflows for 2014 amounted to US$2.157 billion being broken by a good margin based on the figures up to October. The latest information shows remittance inflows in October growing a strong 6.7 percent over to the corresponding month in 2014, to reach US$192 million, for an increase of US$12 million. Net flows were US$171 million, an increase of US$11 million or 7 percent, relative to the October 2014 as outflows grew at a slower pace than inflows, at 4.9 percent. Inflows for August and September grew by less than one percent per month over the similar months of 2014 and may have contributed to the increase in October.
For the year to October, total remittance inflows increased by US$63 million or 3.5 percent to US$1.84 billion while net inflows rose by US$59 million or 3.7 percent, to US$1.65 billion.
More FX sold as J$ slips – Monday
Trading in the Jamaican foreign exchange market ended Monday with outflows more than $8 million than inflows, with dealers buying the equivalent of US$77,059,769 and selling US$85,477,235, in contrast with US$59,840,782 purchased and US$63,107,330 sold on Friday.
In US dollars trading, dealers bought US$73,434,983 compared to US$56,067,039 on Friday, with the buying rate for the US dollar rising 10 cents to $121.42. A total of US$83,624,941 was sold versus US$61,386,330 on Friday as the selling rate rose 3 cents to $121.84.
The Canadian dollar buying rate fell 62 cents to end at $84.08 with dealers buying C$1,618,650 and selling C$851,202, at an average rate that climbed $1.26 to $86.78. The rate for buying the British Pound rose 37 cents to $172.71 for the purchase of £1,641,392, while £322,934 was sold, with the rate being down $2.21 to $171.97. At the end of trading, the selling rate for Euro, ended with a fall of $1.04 to close at J$136.96, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$134.37 for a decline of 78 cents from Friday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$169,006 being bought, while US$790,203 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.97 in the lowest selling rate for the US dollar that ended at $99.36, the highest buying rate of the Canadian dollar rising $1.10 to $89 and lowest selling rate falling by $1 to $81.50 whilst the highest buying rate for the British Pound fell $2 to $176.
Slight US$ imbalance on Friday
Trading in the Jamaican foreign exchange market ended Friday with inflows and outflows once more almost matching each other, with dealers buying the equivalent of US$32,891,082 and selling US$31,317,005, in contrast with US$35,408,853 purchased and US$34,875,156 sold on Thursday.
In US dollars trading, dealers bought US$29,718,543 compared to US$31,462,644 on Thursday, with the buying rate for the US dollar falling 2 cents to $120.84. A total of US$30,451,008 was sold versus US$32,362,621 on Thursday as the selling rate rose 7 cents to $121.49.
The Canadian dollar buying rate fell 36 cents to end at $85 with dealers buying C$1,129,977 and selling C$461,187, at an average rate that climbed by 1 cent to $86.89. The rate for buying the British Pound dipped $1.18 to $172.39 for the purchase of £1,083,530, while £292,137 was sold, with the rate being down $1.65 to $174.02. At the end of trading, the selling rate for Euro, ended with a rise of $1.52 to close at J$135.63, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.98 for a rise of $1.67 from Thursday’s rate. 
The US dollar equivalent of other currencies traded, amounts to US$831,891 being bought, while US$117,715 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.91 in the lowest selling rate for the US dollar that ended at $93.20, the highest buying rate of the Canadian dollar rising $1.01 to $89.31 and lowest buying rate climbing $1.07 to $70.38 whilst the highest buying rate for the British Pound fell $1.20 to $177 with the highest selling falling by $1.48 to $180.09.