The Jamaican dollar suffered losses on Friday against the US dollar and the Pound, the euro and gained on the Canadian dollar. Dealers bought the equivalent of US$31,243,493 compared with US$24,746,899 on Thursday, while they sold the equivalent of US$30,952,352 versus US$27,237,059 previously.
In US dollar trading, dealers bought US$27,235,624 compared to US$19,916,588 on Thursday. The buying rate for the US dollar rose 20 cents at $116.07 and US$28,289,318 was sold versus US$22,177,217 on Thursday, the selling rate rose 11 cents to $116.66.
The Canadian dollar buying rate dropped $1.19 to $93.65 with dealers buying C$1,262,421 and selling C$1,264,620, at an average rate that fell 84 cents to $95.10. The rate for buying the British Pound declined 85 cents to $180.93 for the purchase of £1,851,088, while £953,554 was sold, at an average rate that rose $2.94 to $186.66. At the end of trading, it took J$132.90 to purchase the Euro, $2.04 more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.14 for $2.11 more than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$103,899, while the equivalent of US$106,323 was sold.
Highs & Lows| The highest buying rate for the US dollar climbed $1.35 to $118.20, the lowest buying rate dropped $2.36 to $93, the highest selling rate rose 33 cents to $122.52 and lowest selling rate added 25 cents $95.61.
The highest buying rate for the Canadian dollar declined 45 cents to $95.50, the lowest buying rate ended 17 cents higher at $75.12. The highest selling rate was up 2 cents to $97.90 and the lowest selling rate climbed $1.25 to $91.75. The highest buying rate for the British Pound, dipped 8 cents to $185.07, the lowest buying rate jumped $2.82 to $149.07, with the highest selling rate climbing $3 to $192.17 and the lowest selling rate jumping $3.60 to $179.60.
J$ mostly down in value on Friday
FED comments shake up rates for J$
The Jamaican dollar suffered losses on Thursday as the world major currencies gained sharply on the US dollar resulting in a decline in the value of the local currency against the Pound, the euro and the Canadian dollar, it also slipped against the US dollar as inflows declined during the period for low foreign exchange.
Dealers bought the equivalent of US$24,746,899 compared with US$26,333,879, on Wednesday while they sold the equivalent of US$27,237,059 versus US$29,923,738 previously.
In US dollar trading, dealers bought US$19,916,588 compared to US$21,903,791 on Wednesday. The buying rate for the US dollar rose 16 cents at $115.87 and US$22,177,217 was sold versus US$27,504,837 on Wednesday, the selling rate rose 7 cents to $116.55.
The Canadian dollar buying rate jumped $1.36 to $94.84 with dealers buying C$3,575,485 and selling C$14,665,541, at an average rate that climbed $1.70 to $95.94. The rate for buying the British Pound increased $2.28 to $181.78 for the purchase of £1,119,476, while £717,241 was sold, at an average rate that rose $1.59 to $183.72. At the end of trading, it took J$130.84 to purchase the Euro, 4 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.03 for 11 cents less than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$147,539, while the equivalent of US$88,643 was sold.
Highs & Lows| The highest buying rate for the US dollar inched up 5 cents to $116.85, the lowest buying, the highest and lowest selling rates remained at $95.36, $122.19 and $95.36 respectively.
The highest buying rate for the Canadian dollar climbed $1.20 to $95.95, the lowest buying rate and the lowest selling rates ended unchanged at $74.95 and $90.50 respectively, the highest selling rate was up $1.15 to $97.88. The highest buying rate for the British Pound, climbed $1.90 to $185.15, the lowest buying rate was unchanged at $146.25, with the highest selling rate climbing $2.46 to $189.17 and the lowest selling rate jumping $23.97 to $176.
J$ slips against US & Pound
Sale of all currencies by dealers on Wednesday was greater than the amount purchased by US$3.6 million, slightly more than on Tuesday and the Jamaican dollar lost value versus the US dollar and the Pound Sterling. Dealers bought the equivalent of US$26,333,879 compared with US$27,433,039, on Tuesday while they sold the equivalent of US$29,923,738 versus US$30,897,534 previously.
In US dollar trading, dealers bought US$21,903,791 compared to US$24,476,001 on Tuesday. The buying rate for the US dollar lost 9 cents at $115.71 and US$27,504,837 was sold versus US$28,846,312 on Tuesday, the selling rate rose 5 cents to $116.48. The Canadian dollar buying rate jumped 44 cents to $93.48 with dealers buying C$1,728,724 and selling C$1,585,578, at an average rate that declined 2 cents to $94.24.
The rate for buying the British Pound increased $1.29 to $179.50 for the purchase of £1,883,804, while £664,759 was sold, at an average rate that rose $1.76 to $182.13. At the end of trading, it took J$130.80 to purchase the Euro, 15 cents less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.14 for 20 cents less than Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$111,174, while the equivalent of US$96,581 was sold.
Highs & Lows| The highest buying rate for the US dollar fell 2 cents to $116.80, the lowest buying and the highest selling rates remained at $95.36 and $122.19 respectively and the lowest selling rate gained 36 cents to $95.36.
The highest buying rate for the Canadian dollar fell 82 cents to $94.75, the lowest buying rate inched down 8 cents to $74.95, the highest selling rate declined $2.27 to $96.73 and lowest selling rate gained 10 cents to $90.50. The highest buying rate for the British Pound, climbed $1.35 to $183.25, the lowest buying rate put on $1.21 at $146.25, with the highest selling rate climbing $1.75 to $186.71 and the lowest selling rate dived $22.72 to $152.03.
J$ slips against all three
Sale of all currencies by dealers on Tuesday was greater than the amount purchased by US$3.4 million and the Jamaican dollar lost value all round. Dealers bought the equivalent of US$27,433,039 compared with US$43,691,010, on Monday while they sold the equivalent of US$30,897,534 versus US$35,083,711 previously.
In US dollar trading, dealers bought US$24,476,001 compared to US$39,437,114 on Monday. The buying rate for the US dollar gained 2 cents at $115.80 and US$28,846,312 was sold versus US$32,592,055 on Monday, the selling rate rose 7 cents to $116.43. The Canadian dollar buying rate jumped $1.16 to $93.04 with dealers buying C$1,478,870 and selling C$1,176,046, at an average rate that edged up 27 cents to $94.26.
The rate for buying the British Pound increased 93 cents to $178.21 for the purchase of £1,081,405, while £482,003 was sold, at an average rate that rose 42 cents to $180.37. At the end of trading, it took J$130.95 to purchase the Euro, 18 cents less than on Monday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.34 for 12 cents less than Monday’s rate. Other currencies bought, amounted to the equivalent of US$104,617, while the equivalent of US$352,440, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 7 cents to $116.82, the lowest buying and the highest selling rates remained at $95.36 and $122.19 respectively and the lowest selling rate declined by 36 cents to $95.
The highest buying rate for the Canadian dollar gained 77 cents to $95.57, the lowest buying and lowest selling rates were unchanged at $75.03 and $90.40, respectively but the highest selling rate rose $2.20 to $99. The highest buying rate for the British Pound, rose 60 cents to $181.90, the lowest buying rate remained unchanged at $145.04, with the highest selling rate dropping $2.01 to $184.97 and the lowest selling rate is up $1.15 to $174.75.
FX purchases exceed sales again
Purchases of all currencies by dealers on Monday was greater than the amount sold by US$8.5 million and increases the net purchases by $12.5 million since Friday. The Jamaican dollar remained stable against the US dollar but rose against the Pound and the Canadian dollar. Dealers bought the equivalent of US$43,691,010 compared with US$29,230,364, on Friday while they sold the equivalent of US$35,083,711 versus US$25,122,040 previously.
In US dollar trading, dealers bought US$39,437,114 compared to US$22,763,864 on Friday. The buying rate for the US dollar gained 5 cents at $115.78 and US$32,592,055 was sold versus US$22,000,617 on Friday, the selling rate remained unchanged at $116.36.
The Canadian dollar buying rate slipped 32 cents to $91.88 with dealers buying C$1,362,880 and selling C$897,179, at an average rate that dropped $1.29 to $93.99. The rate for buying the British Pound increased 2 cents to $177.28 for the purchase of £1,514,097, while £660,200 was sold, at an average rate that declined 59 cents to $179.95. At the end of trading it took J$131.13 to purchase the Euro, 43 cents more than on Friday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.46 for 45 cents more than Friday’s rate. Other currencies bought, amounted to the equivalent of US$853,963, while the equivalent of US$746,010, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 10 cents to $116.75, the lowest buying rate inched up 17 cents to $95.36. The highest selling rate jumped $3.99 to $122.19 and the lowest selling rate grew 17 cents to $95.36.
The highest buying rate for the Canadian dollar gained 40 cents to $94.80, the lowest buying rate garnered 4 cents to $75.03, the highest selling fell 70 cents to $96.80 and the lowest selling rate declined 10 cents to $90.40. The highest buying rate for the British Pound, remained unchanged at $181.30, the lowest buying rate increased by $1.62 to $145.04, with the highest selling rate jumping $3.05 to $186.98 and the lowest selling rate remained unchanged at $173.60.
Purchases exceed sales by US$4m Friday
Sale of and purchases of all currencies by dealers was US$4 million less than sales on Friday as the Jamaican dollar slipped against two of the main currencies it regularly trades against, but trading in the important US dollar currency was evenly matched. Dealers bought the equivalent of US$29,230,364 compared with US$26,229,816, on Thursday while they sold the equivalent of US$25,122,040 versus US$26,264,239 previously.
In US dollar trading, dealers bought US$22,763,864 compared to US$22,637,066 on Thursday. The buying rate for the US dollar gained 5 cents at $115.73 and US$22,000,617 was sold versus US$24,198,294 on Thursday, the selling rate climbed 3 cents to $116.36.
The Canadian dollar buying rate rose 25 cents to $92.20 with dealers buying C$1,018,027 and selling C$1,218,213, at an average rate that climbed 34 cents to $95.28. The rate for buying the British Pound increased 76 cents to $177.26 for the purchase of £3,214,767, while £877,534 was sold, at an average rate that jumped $1.64 to $180.54. At the end of trading it took J$130.69 to purchase the Euro, 71 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.01 for 64 cents lower than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$731,597, while the equivalent of US$762,505, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 15 cents to $116.65, the lowest buying rate remained unchanged at $95.19. The highest selling rate dropped $3.78 to $118.20 and the lowest selling rate declined $1.88 to $95.19.
The highest buying rate for the Canadian dollar slipped 20 cents to $94.40, the lowest buying rate eased 29 cents to $74.99, the highest selling rose 45 cents to $97.50 and the lowest selling rate fell 20 cents to $90.50. The highest buying rate for the British Pound, increased $1.20 to $181.30, the lowest buying rate was unmoved at $143.42, with the highest selling rate dipped 97 cents to $183.93 and the lowest selling rate rose 80 cents to $173.60.
Thursday’s sales & purchases equal
Sale of and purchases of all currencies by dealers was equally matched on Thursday as the Jamaican dollar slipped against two of main currencies it regularly trades against. Dealers bought the equivalent of US$26,229,816 compared with US$26,615,499, on Wednesday while they sold the equivalent of US$26,264,239 versus US$28,759,140 previously.
In US dollar trading, dealers bought US$22,637,066 compared to US$23,232,481 on Wednesday. The buying rate for the US dollar gained 13 cents at $115.68 and US$24,198,294 was sold versus US$ 26,875,275 on Wednesday, the selling rate climbed 7 at $116.33. The Canadian dollar buying rate slipped 61 cents to $91.95 with dealers buying C$666,284 and selling C$958,498, at an average rate that fell 5 cents to $94.94.
The rate for buying the British Pound rose 33 cents to $176.50 for the purchase of £1,490,432, while £498,583 was sold, at an average rate that rose by 54 cents to $178.90. At the end of trading it took J$131.40 to purchase the Euro, 67 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.64 for 45 cents higher than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$789,007, while the equivalent of US$516,979, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 15 cents to $116.50, the lowest buying and the highest selling rates remained unchanged at $95.19 and $121.98, respectively. The lowest selling rate climbed $1.88 to $97.07.
The highest buying rate for the Canadian dollar dropped $1.79 to $94.60, the lowest buying rate climbed 46 cents to $75.28, the highest selling was down 13 cents at $97.05 and the lowest selling rate fell 30 cents to $90.70. The highest buying rate for the British Pound, declined 65 to $180.10, the lowest buying rate rose 41 cents to $143.42, with the highest selling rate climbing $1.24 to $184.90 and the lowest selling rate fell $1.50 to $172.80.
J$ firm vs US dollar on Wednesday
Sale of all currencies by dealers exceeded the amounts bought by US$2 million on Wednesday as the Jamaican dollar slipped against the British Pound and the Canadian dollar but held firm against the US dollar. Dealers bought the equivalent of US$26,615,499 compared with US$33,963,876, on Tuesday while they sold the equivalent of US$28,759,140 versus US$37,019,836 previously.
In US dollar trading, dealers bought US$23,232,481 compared to US$29,012,318 on Tuesday. The buying rate for the US dollar declined by 19 cents at $115.55 and US$26,875,275 was sold versus US$33,329,699 on Tuesday, the selling rate remained at $116.26. The Canadian dollar buying rate slipped 15 cents to $92.56 with dealers buying C$1,291,758 and selling C$740,662, at an average rate that rose $1.15 to $94.99.
The rate for buying the British Pound dropped 41 cents to $176.17 for the purchase of £1,496,192, while £617,593 was sold, at an average rate that rose by 46 cents to $178.36. At the end of trading it took J$130.73 to purchase the Euro, 50 cents more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.19 for 52 cents higher than Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$67,275, while the equivalent of US$331,234, was sold.
Highs & Lows| The highest buying rate for the US dollar fell 10 cents to $116.35, the lowest buying rate gained $6.69 to $95.19, the highest selling rate remained unchanged at $121.98, but the lowest selling rate dropped $2.26 to $95.19.
The highest buying rate for the Canadian dollar rose $2.09 to $96.39, the lowest buying rate climbed 45 cents to $74.82, the highest selling was up 68 cents at $97.18 and the lowest selling rate rose $1.40 to $91. The highest buying rate for the British Pound, increased $2.05 to $180.75, the lowest buying rate rose 87 cents to $143.01, with the highest selling rate climbing $2.19 to $183.66 and the lowest selling rate rose $2.30 to $174.30.
Selling exceeds buying on Tuesday
Sale of all currencies by dealers exceeded the amounts bought by US$3 million on Tuesday as the Jamaican dollar slipped against the three main currencies it regularly trades against. Dealers bought the equivalent of US$33,963,876 compared with US$42,299,523, on Monday while they sold the equivalent of US$37,019,836 versus US$ $37,983,946 previously.
In US dollar trading, dealers bought US$29,012,318 compared to US$39,031,074 on Monday. The buying rate for the US dollar gained 6 cents at $115.74 and US$33,329,699 was sold versus US$36,387,817 on Monday, the selling rate rose 3 cent to $116.26.
The Canadian dollar buying rate jumped $2.25 to $92.71 with dealers buying C$1,886,229 and selling C$1,600,514, at an average rate that rose 62 cents to $93.84. The rate for buying the British Pound climbed $2.35 to $176.58 for the purchase of £2,157,374, while £1,211,712, was sold, at an average rate that rose by 45 cents to $177.90. At the end of trading it took J$130.23 to purchase the Euro, $1.12 more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.67 for 98 cents higher than Monday’s rate. Other currencies bought, amounted to the equivalent of US$149,391, while the equivalent of US$544,350, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 5 cents to $116.45, the lowest buying rate gained 44 cents to $88.50, the highest selling rate remained unchanged at $121.98, but the lowest selling rate climbed $2.26 to $97.45.
The highest buying rate for the Canadian dollar rose 30 cents to $94.30, the lowest buying rate climbed 75 cents to $74.37, the highest selling was unchanged at $96.50 and the lowest selling rate rose 90 cents to $89.60. The highest buying rate for the British Pound, increased 20 cents to $178.70, the lowest buying rate jumped $7.14 to $142.14, with the highest selling rate falling $1.77 to $181.47 and the lowest selling rate rose 75 cents to $172.
Buying exceeds selling for second day
Purchase of all currencies by dealers exceeded the amounts sold by US$5 million on Friday and by $4 million on Monday. Changes in the rates were mixed on Monday with the Jamaican dollar easing slightly versus the US dollar and sliding a bit against the Canadian but the Jamaican gained ground on the Pound. Dealers bought the equivalent of US$42,299,523 compared with US$36,853,492, on Friday while they sold the equivalent of US$37,983,946 versus US$ $31,821,560 previously.
In US dollar trading, dealers bought US$39,031,074 compared to US$34,602,528 on Friday. The buying rate for the US dollar fell 10 cents at $115.68 and US$36,387,817 was sold versus US$30,415,132 on Friday, the selling rate rose 1 cent to $116.23.
The Canadian dollar buying rate fell 1 cent to $90.46 with dealers buying C$1,087,438 and selling C$683,0624, at an average rate that rose 17 cents to $93.22. The rate for buying the British Pound fell 90 cents to $174.23 for the purchase of £1,413,526, while £597,187, was sold, at an average rate that eased by 79 cents to $177.45. At the end of trading it took J$129.12 to purchase the Euro, $1.93 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.69 for $1.78 less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$289,244, while the equivalent of US$136,644, was sold.
Highs & Lows| The highest buying rate for the US dollar was unchanged at $116.40, the lowest buying rate dropped $1.70 to $88.06, the highest selling rate remained unchanged at $121.98, but the lowest selling rate fell $1.88 to $95.19.
The highest buying rate for the Canadian dollar rose 90 cents to $94, the lowest buying rate slipped 25 cents to $73.62, the highest selling rate rose $1.94 at $96.50 and the lowest selling rate declined $1.30 to $88.70. The highest buying rate for the British Pound, slipped 50 cents to $178.50, the lowest buying rate closed down $8.18 to $135, with the highest selling rate rising $1.94 to $183.24 with the lowest selling rate declining $1.25 to $171.25.