The Jamaican dollar lost value against the three main intervention currencies on Monday continuing the trend from Tuesday. Purchases of all currencies by dealers amounted to US$46,335,229 equivalent, compared with US$35,210,782, on Friday and selling of the equivalent of US$39,799,245 versus sale of US$32,443,841, previously.
In US dollar trading, dealers bought US$39,685,198 compared to US$31,821,155 on Friday. The buying rate for the US dollar fell 10 cents to $114.57 and US$36,190,849 was sold versus US$31,225,597 on Friday, the selling rate rose 1 cent to end at $115.15. 
The Canadian dollar buying rate declined 73 cents to $91.53 with dealers buying C$1,656,041 and selling C$1,673,465, at an average rate that climbed 38 cents to $94.10. The rate for buying the British Pound fell 82 cents to $168.80 for the purchase of £3,028,741, while £808,640 was sold, at an average rate that rose 7 cents to $171.76. At the end of trading it took J$124.06 to purchase the Euro, 91 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.70 for an increase of $1.01 on Friday’s rate. Other currencies bought, amounted to the equivalent of US$864,803, while the equivalent of US$1,034,707, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 50 cents to $115.80. The lowest buying rate increased by 17 cents to $93.94, the highest selling rate gained 21 cents to $120.37, but the lowest selling rate jumped $18.73 to $112.50. The highest buying rate for the Canadian dollar fell $2.80 to $91.20. The lowest buying rate eased $1.33 to $71.21, but the highest selling rate fell $1.41 to $95.10 with the lowest selling rate falling $2.70 to $85.80. The highest buying rate for the British Pound,dropped $2.10 to $170, the lowest buying rate declined by 39 cents to $134.88, but the highest selling rate rose $1.51 to $175.86 with the lowest selling rate falling $2.80 to $162.50.
J$ slips against majors on Monday
J$ slips against majors on Friday
The Jamaican dollar lost value against the three main intervention currencies on Friday. Purchases of all currencies by dealers amounted to US$35,210,782 equivalent, compared with US$28,578,146, on Thursday and selling of the equivalent of US$32,443,841 versus sale of US$32,418,021, previously.
In US dollar trading, dealers bought US$31,821,155 compared to US$25,616,117 on Thursday. The buying rate for the US dollar added 15 cents to $114.67 and US$31,225,597was sold versus US$30,649,770 on Thursday, the selling rate rose 5 cents to end at $115.14. 
The Canadian dollar buying rate moved up by $1.53 to $92.27 with dealers buying C$1,129,211 and selling C$434,316, at an average rate that climbed 86 cents to $93.72. The rate for buying the British Pound rose 23 cents to $169.62 for the purchase of £1,162,803, while £437,343 was sold, at an average rate that rose 76 cents to $171.69. At the end of trading it took J$123.14 to purchase the Euro, $1.09 more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.68 for a increase of $1.13 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$761,070, while the equivalent of US$212,529, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $115.30. The lowest buying rate increased by 8 cents to $93.77, the highest selling rate gained 11 cents to $120.16, but the lowest selling rate dropped $1.77 to $93.77. The highest buying rate for the Canadian dollar fell 20 cents to $94. The lowest buying rate stayed at $72.54, but the highest selling rate rose 34 cents to $96.51 with the lowest selling rate rising $1.10 to $88.50. The highest buying rate for the British Pound,climbed 40 cents to $172.10, the lowest buying rate rose 8 cents to $135.27, but the highest selling rate fell $1 to $174.35 with the lowest selling rate jumping $2.20 to $165.30.
J$ slips against majors on Thursday
The Jamaican dollar lost value against the three main intervention currencies on Thursday. Purchases of all currencies by dealers amounted to US$28,578,146 equivalent, compared with US$30,033,164, on Wednesday and selling of the equivalent of US$32,418,021 versus sale of US$35,002,312, on the previous trading day.
In US dollar trading, dealers bought US$25,616,117 compared to US$27,405,533 on Wednesday. The buying rate for the US dollar added 11 cents to $114.52 and US$30,649,770 was sold versus US$33,460,121 on Wednesday, the selling rate rose 5 cents to end at $115.09. The Canadian dollar buying rate inched up by $1.07 to $90.74 with dealers buying C$1,002,394 and selling C$630,091, at an average rate that climbed 70 cents to $92.86. 
The rate for buying the British Pound climbed $1.35 to $169.39 for the purchase of £1,407,386, while £778,304 was sold, at an average rate that rose $1.36 to $170.93. At the end of trading it took J$122.09 to purchase the Euro, 94 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.58 for a decline of $1.12 from Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$85,928, while the equivalent of US$103,947, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 2 cents to $115.18. The lowest buying and the highest selling rates remained unchanged at $93.69 and $120.05, respectively, but the lowest selling rate dropped $16.46 to $95.54. 
The highest buying rate for the Canadian dollar is up $1.50 to $94.20. The lowest buying rate inched up 54 cents $72.54, but the highest selling rate rose $1.65 to $96.17 with the lowest selling rate falling $1.60 to $87.40. The highest buying rate for the British Pound,fell $1.45 to $171.70, the lowest buying rate rose 81 cents to $135.19, but the highest selling rate fell 15 cents to $175.35 and the lowest selling rate dropped $2.90 to $163.10.
January remittances climb
Jamaica enjoyed a record haul in remittance inflows for the month of January with US$166 million garnered in January this year, according to data from Bank of Jamaica.
The flows represent an increase of US$8 million or 5.1 percent more than the amounts collected in January 2014. The growth in remittance inflows and a contraction in outflows resulted in net remittance inflows increasing at a faster pace than total inflows, with net remittances of US$147.4 million for January 2015, an increase of US$9.5 million or 6.9 percent over January 2014.
The gain in net inflows would have been occasioned by greater stability and availability of foreign exchange locally.
J$115.04 for one US$ on Wednesday
Image courtesy of Marcus/FreeDigitalPhotos.net
Purchases of all currencies by dealers amounted to US$30,033,164 equivalent, compared with US$42,707,331, on Tuesday and selling of the equivalent of US$35,002,312 versus sale of US$43,780,983, on the previous trading day, still leaving a surplus of $5 million between sales and purchases for the week to date. In US dollar trading, dealers bought US$27,405,533 compared to US$37,573,862 on Tuesday. The buying rate for the US dollar fell 15 cents to $114.41 and US$33,460,121 was sold versus US$40,598,025 on Tuesday, the selling rate rose 3 cents to end at $115.04.
The Canadian dollar buying rate inched up by 11 cents to $89.67 with dealers buying C$862,182 and selling C$ 834,391, at an average rate that climbed 68 cents to $92.16. The rate for buying the British Pound fell 4 cents to $168.04 for the purchase of £1,228,750, while £481,711 was sold, at an average rate that rose 6 cents to $169.57. At the end of trading it took J$122.99 to purchase the Euro, $1.42 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.68 for a rise of $1.46 from Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$147,112, while the equivalent of US$163,704, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 40 cents to $115.20. The lowest buying rate rose $5.84 to $93.69 and the highest selling rate remained unchanged at $120.05, but the lowest selling rate rose $16.46 to $112. The highest buying rate for the Canadian dollar is up 50 cents to $92.70. The lowest buying rate inched up 16 cents $72, but the highest selling rate rose 15 cents to $94.52 with the lowest selling rate rising $2.45 to $89. The highest buying rate for the British Pound, rose 99 cents to $173.15, the lowest buying rate stayed at $134.38, but the highest selling rate climbed $2.13 to $175.50 and the lowest selling rate jumped $4.10 to $166.
J$115 for each US$ on Tuesday
The Jamaican dollar selling rate was back slightly above 115 to the US dollar on Tuesday, but the local currency lost more value against the Canadian dollar and the British pound. Purchases of all currencies by dealers amounted to US$42,707,331 equivalent, compared with US$52,169,763, on Monday and selling of the equivalent of US$43,780,983 versus sale of US$39,781,633, on the previous trading day.
In US dollar trading, dealers bought US$37,573,862 compared to US$47,538,451 on Monday. The buying rate for the US dollar climbed 8 cents to $114.56 and US$40,598,025 was sold versus US$37,352,160 on Monday, the selling rate rose 2 cents to end at $115.01. The Canadian dollar buying rate inched up by 48 cents to $89.56 with dealers buying C$1,264,277 and selling C$940,755, at an average rate that climbed 26 cents to $91.49.
The rate for buying the British Pound gained $1.65 to $168.08 for the purchase of £2,682,890, while £1,398,161 was sold, at an average rate that jumped $1.10 to $169.51. At the end of trading it took J$121.57 to purchase the Euro, 70 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.22 for a fall of 58 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$208,843, while the equivalent of US$373,827, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 47 cents to $115.60. The lowest buying rate dropped $5.84 to $87.85 and the highest selling rate remained unchanged at $120.05, but the lowest selling rate rose $1.85 to $95.54. The highest buying rate for the Canadian dollar inched up 20 cents to $92.20. The lowest buying rate fell 37 cents $71.84, but the highest selling rate rose 80 cents to $94.37 with the lowest selling rate falling 45 cents to $86.55. The highest buying rate for the British Pound, rose $2.16 to $172.16, the lowest buying rate was down 33 cents to $134.38 but the highest selling rate declined 29 cents to $173.37 and the lowest selling rate fell 40 cents to $161.90.
J$ slips below 115 to US$ on Monday
The Jamaican dollar selling rate slipped back slightly below 115 to the US dollar on Monday, but the local currency also made gains on the Canadian dollar and the British pound. Purchases of all currencies by dealers amounted to US$52,169,763 equivalent, compared with US$34,310,557, on Friday and selling of the equivalent of US$39,781,633 versus sale of US$39,722,654, on the previous trading day.
In US dollar trading, dealers bought US$47,538,451 compared to US$31,736,664 on Friday. The buying rate for the US dollar climbed 3 cents to $114.48 and US$37,352,160 was sold versus US$38,071,864 on Friday, the selling rate fell 7 cents to end at $114.99. The Canadian dollar buying rate inched up by 1 cent to $89.08 with dealers buying C$1,826,660, and selling C$909,980, at an average rate that fell 5 cents to $91.23. The rate for buying the British Pound fell 65 cents to $166.43 for the purchase of £2,009,648, while £954,239 was sold, at an average rate of $168.41, for an 8 cents decline. At the end of trading it took J$122.27 to purchase the Euro, 51 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.79 for a fall of 38 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$288,222 while the equivalent of US$309,927, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 6 cents to $115.13. The lowest buying and the highest selling rates remained unchanged at $93.69 and $120.05, respectively and lowest selling rate rose $3.69 to $93.69. The highest buying rate for the Canadian dollar fell 50 cents to $92, the lowest buying rate remained at $72.21, but the highest selling rate fell 43 cents to $93.57 with the lowest selling rate holding at $87. The highest buying rate for the British Pound, rose 20 cents to $170, the lowest buying rate was down 50 cents to $134.71 but the highest selling rate declined $1.34 to $173.66 and the lowest selling rate fell 60 cents to $162.30.
US$ back above J$115 Friday
The Jamaican dollar lost value against the US dollar on Friday, but made major gains on the Canadian dollar and the British pound as US dollar strengthening, push down the value of the two international currencies. Purchases of all currencies by dealers amounted to US$34,310,557 equivalent, compared with US$26,379,747, on Thursday and selling of the equivalent of US$39,722,654 versus sale of US$36,916,377, on the previous trading day.
In US dollar trading, dealers bought US$31,736,664 compared to US$23,763,336 on Thursday. The buying rate for the US dollar climbed 19 cents to $114.45 and US$38,071,864 was sold versus US$35,159,008 on Thursday, the selling rate rose 7 cents to end at $115.06.
The Canadian dollar buying rate dropped 81 cents to $89.07 with dealers buying C$911,732, and selling C$567,274, at an average rate that fell 45 cents to $91.28. The rate for buying the British Pound fell 79 cents to $167.08 for the purchase of £1,161,197, while £654,078 was sold, at an average rate of $168.49, for a $1.05 decline. At the end of trading it took J$122.78 to purchase the Euro, $1.28 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.17 for a fall of $1.43 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$169,181 while the equivalent of US$242,967, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 9 cents to $115.19. The lowest buying rate jumped $7.69 to $93.69. The highest selling rate declined 11 cents to $120.05 and lowest selling rate dropped $12 to $90. 
The highest buying rate for the Canadian dollar rose 50 cents to $92.50, the lowest buying rate fell 42 cents to $72.21, but the highest selling rate fell 40 cents to $94 with the lowest selling rate falling $2 to $87. The highest buying rate for the British Pound, fell $1.40 to $169.80, the lowest buying rate was down $1.74 to $135.21 but the highest selling rate rose $1.68 to $175 and the lowest selling rate fell $3.40 to $162.90.
US$ holds below J$115 Thursday
Dealers sold a net of US$10 million on Thursday following net sales on Wednesday. Purchases of all currencies by dealers amounted to US$26,379,747 equivalent, compared with US$38,067,788, on Wednesday and selling of the equivalent of US$36,916,377 versus sale of US$46,321,683, on the previous trading day.
In US dollar trading, dealers bought US$23,763,336 compared to US$33,626,651 on Wednesday. The buying rate for the US dollar slipped 14 cents to $114.26 and US$35,159,008 was sold versus US$43,174,147 on Wednesday, the selling rate rose 3 cents to end at $114.99. The Canadian dollar buying rate rose 25 cents to $89.88 with dealers buying C$1,176,154, and selling C$625,704, at an average rate that gained just 37 cents to $91.73. The rate for buying the British Pound fell $1.38 to $167.86 for the purchase of £1,057,806, while £799,298 was sold, at an average rate of $169.54, for a $1.35 decline. At the end of trading it took J$124.06 to purchase the Euro, 78 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.60 for a fall of 85 cents on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$137,089 while the equivalent of US$79,688, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.10. The lowest buying rate dropped $7.77 to $86. The highest selling rate remained at $120.16 and lowest selling rate jumped $8.23 to $102. The highest buying rate for the Canadian dollar rose 30 cents to $92, the lowest buying rate was unchanged at $72.63, but the highest selling rate fell $1.10 to $94.40 with the lowest selling rate rising $1.50 to $89. The highest buying rate for the British Pound, fell 10 cents to $171.20, the lowest buying rate was unchanged at $136.95 but the highest selling rate dropped $3.23 to $173.32 and the lowest selling rate rose $1.30 to $166.30.
J$ relatively stable on Wednesday
Dealers sold a net of US$8 million on Wednesday following net purchases on Tuesday. Purchases of all currencies by dealers amounted to US$38,067,788 equivalent, compared with US$67,556,589, on Tuesday and selling of the equivalent of US$46,321,683 versus sale of US$54,844,191, on the previous trading day.
In US dollar trading, dealers bought US$33,626,651 compared to US$63,349,319 on Tuesday. The buying rate for the US dollar slipped 7 cents to $114.40 and US$43,174,147 was sold versus US$52,595,395 on Tuesday, the selling rate rose 1 cent to end at $114.96. The Canadian dollar buying rate rose 47 cents to $89.63 with dealers buying C$1,357,789, and selling C$1,110,035, at an average rate that gained just 2 cents to $91.36. The rate for buying the British Pound jumped $1.59 to $169.24 for the purchase of £2,047,476, while £1,200,375 was sold, at an average rate of $170.89, for a 66 cents rise. At the end of trading it took J$124.84 to purchase the Euro, $2.07 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.45 for a fall of $1.87 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$348,399 while the equivalent of US$480,936, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 10 cents to $115.10. The lowest buying, the highest and lowest selling rates remained at $93.77, $120.16 and $97.77, respectively. The highest buying rate for the Canadian dollar fell 20 cents to $91.70, the lowest buying rate rose by 34 cents to $72.63, but the highest selling rate was up $1.33 to $95.50 with the lowest selling rate rising $1 to $87.50. The highest buying rate for the British Pound, fell $1 to $171.30, the lowest buying rate climbed 66 cents to $136.95 but the highest selling rate climbed 86 cents to $176.55 and the lowest selling rate rose by 80 cents to $165.