The Jamaican dollar made big gains against the British Pound and the Canadian dollar on Monday. Purchase of all currencies by dealers, translated to US$43,325,043, compared with the US$46,887,942, on Friday, and selling of the equivalent of US$44,738,328 versus US$51,219,344 sold on Friday.
In US dollar trading, dealers bought US$39,907,638 compared to US$42,022,513 on Friday. The buying rate for the US dollar remained at $114.89 and US$42,884,931 was sold versus US$40,341,432 on Friday with the selling rate climbing 4 cents to $115.35. The Canadian dollar buying rate lost $1.71 to $93.62 with dealers buying C$1,510,308 and selling C$782,714, at an average selling rate that dropped $2.19, to $95.68. The rate for buying the British Pound dropped 92 cents to $171.72 for the purchase of £1,283,715, while £632,777 was sold, the rate dived $2.29 to $173.83. At the end of trading it took J$132.57 to purchase the Euro, 90 cents down from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.11 for a decline of 91 cents from Friday. Other currencies bought, amounted to the equivalent of US$267,950 while the equivalent of US$250,533, was sold.
Highs & Lows| The highest and the lowest buying and the highest selling rates for the US dollar, remained at $115.65, $94.10 and $120.59 respectively while lowest selling rate climbed $1.71 to $95.40. The highest buying rate for the Canadian dollar rose 50 cents to $97, the lowest buying rate fell $1.24 to $75.95. The highest selling rate remained at $99.51 and the lowest selling rate dropped $15.02 to $78.18. The highest buying rate for the British Pound, climbed $2.50 to $177.50. The lowest buying rate fell 58 cents to $140.15, the highest selling rate rose $2.17 to $180.67 and the lowest selling rate fell 70 cents to $168.85.
J$ gains big on the Pound & Canadian
J$ drops again on Friday
The Jamaican dollar fell in value against the major currencies on Friday with the purchase of all currencies by dealers, translating to US$46,887,942, compared with the US$49,795,240, on Thursday, and selling of the equivalent of US$51,219,344 which is more than the US$47,872,723 sold on Thursday.
In US dollar trading, dealers bought US$42,022,513 compared to US$42,661,663 on Thursday. The buying rate for the US dollar rose 10 cents to $114.89 and US$40,341,432 was sold versus US$40,923,096 on Thursday with the selling rate climbing 12 cents to $115.31. The Canadian dollar buying rate lost 98 cents to $95.33 with dealers buying C$3,005,276 and selling C$4,042,357, at an average selling rate that rose 4 cents, to $97.86. The rate for buying the British Pound dropped 58 cents to $172.64 for the purchase of £1,391,659, while £4,723,982 was sold, the rate climbed $1.44 to $176.12. At the end of trading it took J$133.48 to purchase the Euro, $2.24 down from Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.02 for a decline of $1.95 from Thursday. Other currencies bought, amounted to the equivalent of US$280,637 while the equivalent of US$231,622, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.65, the lowest buying rate rose 8 cents to $94.10, the highest selling rate climbed 11 cents to $120.59 and lowest selling rate dropped 33 cents to $93.69. The highest buying rate for the Canadian dollar declined 75 cents to $96.50, the lowest buying rate rose 95 cents to $77.19. The highest selling rate rose 38 cents to $99.51 and the lowest selling rate gained $1.35 to $93.20. The highest buying rate for the British Pound, declined by 65 cents to $175. The lowest buying rate gained 25 cents to $140.73, the highest selling rate dropped $2.60 to $178.50 and the lowest selling rate climbed 30 cents to $169.55.
J$ loses against US & Can$
<strong Trading in the forex market in Jamaica on Wednesday, resulted in the Jamaican dollar fell against the United States and Canadian dollars but gained against the British pound. The purchases of all currencies by dealers, translated to the equivalent of US$31,380,373, in contrast to US$33,687,953 on Tuesday, and selling of the equivalent of US$37,740,338 compared to US$38,181,833 on Tuesday.
In US dollar trading, dealers bought US$27,919,483 compared to US$28,451,468 on Tuesday. The buying rate for the US dollar rose 10 cents to $114.11 and US$35,545,832 was sold versus US$34,814,610 on Tuesday with the selling rate climbing 11 cents to $114.83. The Canadian dollar buying rate fell 43 cents to $94.68 with dealers buying C$1,441,249 and selling C$1,127,664, at an average selling rate that rose 18 cents, to $96.88. The rate for buying the British Pound fell 66 cents to $171.38 for the purchase of £1,158,566, while £514,331 was sold, the rate fell 33 cents to $173.28. At the end of trading it took J$136.74 to purchase the Euro, 10 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.86 for a 2 cents gain. Other currencies bought, amounted to the equivalent of US$525,051 while the equivalent of US$466,972, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $115.20, the lowest buying rate gained 27 cents at $93.52. The highest selling rate remained at $119.84 and lowest selling rate dropped $16.14 to $95.36. The highest buying rate for the Canadian dollar fell 25 cents to $97.45, the lowest buying rate fell 70 cents to $77.07. The highest selling rate rose 24 cents to $100.50 and the lowest selling rate remained unchanged at $92.85. The highest buying rate for the British Pound, gained $1.66 to $178.50. The lowest buying rate fell $1.91 to $139.61, the highest selling rate lost 33 cents to $179.97 and the lowest selling rate remained at $168.20.
J$ loses v U$ up on others
Trading in the forex market in Jamaica on Tuesday, resulted in the Jamaican dollar gaining against the Pound, the Canadian dollar but lose against the US dollar. Overall the equivalent of US$33,687,953 was purchased by dealers in contrast to US$42,460,718 on Monday, and selling of the equivalent of US$38,181,833 compared to US$35,555,294 on Monday.
In US dollar trading, dealers bought US$28,451,468 compared to US$37,309,537 on Monday. The buying rate for the US dollar rose 18 cents to $114.01 and US$34,814,610 was sold versus US$33,644,999 on Monday with the selling rate climbing 8 cents to $114.72. The Canadian dollar buying rate rose 34 cents to $95.11 with dealers buying C$1,888,659 and selling C$1,254,447, at an average selling rate that lost 12 cents, to $96.70. The rate for buying the British Pound fell $1.55 to $172.04 for the purchase of £1,664,301, while £1,029,771 was sold, the rate fell $1.29 to $173.61. At the end of trading it took J$136.84 to purchase the Euro, $1.13 less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.84 for a $1.18 fall. Other currencies bought, amounted to the equivalent of US$1,149,628 while the equivalent of US$751,458, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.05, the lowest buying rate closed down 27 cents at $93.25. The highest selling rate remained at $119.84 and lowest selling rate jumped $17.98 to $111.50. The highest buying rate for the Canadian dollar fell 80 cents to $97.70, the lowest buying remained unchanged at $77.77. The highest selling rate declined 3 cents to $100.26 and the lowest selling rate dipped 85 cents to end at $92.85. The highest buying rate for the British Pound, lost 66 cents to $176.84. The lowest buying rate remained at $141.52, the highest selling rate lost $2.14 to $180.30 and the lowest selling rate ended $1.80 lower, at $168.20.
J$ starts week with gains
Trading in the forex market in Jamaica on Monday, resulted in the Jamaican dollar gaining against all the major currencies it normally trades against. Overall the equivalent of US$42,460,718 was purchased by dealers in contrast to US$29,319,403 on Friday, and selling of the equivalent of US$35,555,294 compared to US$32,815,088 on Friday.
In US dollar trading, dealers bought US$37,309,537 compared to US$26,478,249 on Friday. The buying rate for the US dollar declined 11 cents to $113.83 and US$33,644,999 was sold versus US$31,451,847 on Friday with the selling rate slipping 4 cents to $114.64. The Canadian dollar buying rate dropped 63 cents to $94.77 with dealers buying C$2,195,107 and selling C$947,385, at an average selling rate that lost 83 cents, to $96.82. The rate for buying the British Pound fell 43 cents to $173.59 for the purchase of £1,983,561, while £462,288 was sold, the rate fell $1.41 to $174.90. At the end of trading it took J$137.97 to purchase the Euro, 78 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.02 for a $1 fall. Other currencies bought, amounted to the equivalent of US$298,693 while the equivalent of US$404,852, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $115, the lowest buying and the highest selling rates closed unchanged at $93.52 and $119.84 respectively and lowest selling rate fell $1.85 to $93.52. The highest buying rate for the Canadian dollar fell $2.10 to $98.50, the lowest buying dropped 37 cents to $77.77. The highest selling rate declined 66 cents to $100.29 and the lowest selling rate dipped 65 cents to end at $93.70. The highest buying rate for the British Pound, lost $1.10 to $177.50. The lowest buying rate eased $1.53 to $141.52, the highest selling rate lost $1.97 to $182.44 and the lowest selling rate ended $1.50 lower, at $170.
FX volume lowest since December 4
<strong Trading in the forex market in Jamaica on Friday, resulted in the lowest volume of trades since December 4 last year, when dealers bought US$27.6 million and sold US$27.3 million. The value of the Jamaican dollar was mostly up except for a slight slip in the selling rate against the US dollar.
Overall the equivalent of US$29,319,403 was purchased by dealers versus US$39,424,623 on Wednesday, and selling of the equivalent of US$32,815,088 compared to US$36,883,135 on Wednesday, the day before the market closed, for the New Year public holiday. In US dollar trading, dealers bought US$26,478,249 compared to US$35,027,815 on Wednesday. The buying rate for the US dollar declined 18 cents to $113.94 and US$31,451,847 was sold versus US$34,615,995 on Wednesday with the selling rate rising 2 cents to $114.68. The Canadian dollar buying rate dropped 94 cents to $95.40 with dealers buying C$1,417,177 and selling C$798,352, at an average selling rate that lost 4 cents, to $97.65. The rate for buying the British Pound fell $1.95 to $174.02 for the purchase of £960,308, while £384,502 was sold, the rate fell $1.36 to $176.31. At the end of trading it took J$138.75 to purchase the Euro, 64 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.02 for a 64 cents fall. Other currencies bought, amounted to the equivalent of US$187,910 while the equivalent of US$92,313, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $114.85, the lowest buying, the highest selling and lowest selling rates closed unchanged at $93.52, $119.84 and $95.37 respectively. The highest buying rate for the Canadian dollar rose 80 cents to $100.60, the lowest buying was unchanged at $78.14. The highest selling rate rose 14 cents to $100.95 and the lowest selling rate is up 35 cents to end at $94.35. The highest buying rate for the British Pound, gained 21 cents to $178.60. The lowest buying rate bounced back by $43.05 to $143.05, the highest selling rate gained $2.34 to $184.41 and the lowest selling rate ended 35 cents lower, at $171.50.
J$ ends 2014 down
Trading in the forex market in Jamaica resulted in the value of the Jamaican dollar slipping in value against the three main foreign currencies. Overall there was buying of the equivalent of US$39,424,623 versus US$54,541,839 on Tuesday, and selling of the equivalent of US$36,883,135 compared to US$51,849,629 on Tuesday.
In US dollar trading, dealers bought US$35,027,815 compared to US$46,951,936 on Tuesday. The buying rate for the US dollar rose 6 cents to $114.12 and US$34,615,995 was sold versus US$48,252,657 on Tuesday with the selling rate rising 7 cents to $114.66. The Canadian dollar buying rate lost 31 cents to $96.34 with dealers buying C$1,903,363 and selling C$1,148,199, at an average selling rate that gained 11 cents, to $97.69. The rate for buying the British Pound fell 50 cents to $175.97 for the purchase of £1,705,748, while £724,736 was sold, the rate gained 47 cents to $177.68. At the end of trading it took J$139.39 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$136.66 for an increase of 26 cents. Other currencies bought, amounted to the equivalent of US$159,733 while the equivalent of US$165,851, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $114.90, the lowest buying and highest selling rates closed unchanged at $93.52 and $119.84 respectively. The lowest selling rate dropped $16.43 to $95.37. The highest buying rate for the Canadian dollar rose 60 cents to $99.80, the lowest buying rate climbed 29 cents $78.14. The highest selling rate rose 6 cents to $100.81 and the lowest selling rate is up 20 cents to end at $94. The highest buying rate for the British Pound, gained 26 cents to $178.39. The lowest buying rate plummeted by $42.14 to $100, the highest selling rate slipped $1.17 to $182.07 and the lowest selling rate ended 60 cents higher at $171.85.
Forex flows remain buoyant
Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$54,541,839 versus US$49,122,107 on Monday, and selling of the equivalent of US$51,849,629 compared to US$46,110,654 on Monday.
In US dollar trading, dealers bought US$46,951,936 compared to US$42,122,796 on Monday. The buying rate for the US dollar rose 37 cents to $114.06 and US$48,252,657 was sold versus US$43,345,164 on Monday with the selling rate rising 3 cents to $114.59. The Canadian dollar buying rate gained 93 cents to $96.66 with dealers buying C$3,420,037 and selling C$1,802,538, at an average selling rate that fell 19 cents, to $97.58. The rate for buying the British Pound was up 69 cents to $176.47 for the purchase of £2,861,176, while £1,203,874 was sold, the rate gained 11 cents to $177.21. At the end of trading it took J$139.54 to purchase the Euro, 14 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.40, for an decrease of 25 cents. Other currencies bought, amounted to the equivalent of US$264,830 while the equivalent of US$200,228, was sold.
Highs & Lows| The lowest selling rate for the US dollar, fell 20 cent to $111.80 with all the other rates remaining unchanged. The highest buying rate for the Canadian dollar rose 20 cents to $99.20 with the other rates remained unchanged. The highest buying rate for the British Pound, lost 62 cents to $178.13 and the others were unchanged.
J$ slips slightly on Monday
Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$49,122,107 versus US$46,285,377 on Wednesday, and selling of the equivalent of US$46,110,654 compared to US$42,969,928 on Wednesday.
In US dollar trading, dealers bought US$42,122,796 compared to US$42,996,967 on Wednesday. The buying rate for the US dollar fell 30 cents to $113.69 and US$43,345,164 was sold versus US$41,082,846 on Wednesday with the selling rate rising 2 cents to $114.56. The Canadian dollar buying rate gained 9 cents to $95.73 with dealers buying C$2,857,912 and selling C$1,504,269, at an average selling rate that climbed 14 cents, to $97.77. The rate for buying the British Pound was up 9 cents to $175.77 for the purchase of £2,708,246, while £810,142 was sold, the rate eased 13 cents to $177.10. At the end of trading it took J$139.40 to purchase the Euro, 11 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.65, for an increase of 2 cents. Other currencies bought, amounted to the equivalent of US$405,582 while the equivalent of US$229,242, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell $1.02 to $114.85, the lowest buying rate closed unchanged at $93.52 and highest selling rate fell 32 cents to $119.84. The lowest selling rate climbed $18.06 to $112. The highest buying rate for the Canadian dollar and the lowest buying rate remained unchanged at $99 and $77.85 respectively. The highest selling rate fell 47 cents to $100.75 and the lowest selling rate is unchanged at $93.80. The highest buying rate for the British Pound, lost 25 cents to $178.75. The lowest buying rate and the lowest selling rate remained at $142.14 and $171.25, respectively and the highest selling rate climbed $1.51 to $183.24.
J$ gains on strong flows Wednesday
The Jamaican dollar gained value against the three main currencies it normally trades against, in Wednesday’s foreign exchange trading. The total value of currencies traded while down from the heavy trades in the previous three days, was still relatively high on Christmas eve, with more than US$42 million.
Overall there was buying of the equivalent of US$46,285,377 versus US$51,072,479 on Tuesday, and selling of the equivalent of US$42,969,928 compared to US$68,959,488 on Tuesday. In US dollar trading, dealers bought US$42,996,967 compared to US$45,621,979 on Tuesday. The buying rate for the US dollar rose 7 cents to $113.99 and US$41,082,846 was sold versus US$66,949,150 on Tuesday with the selling rate falling 3 cents to $114.54. The Canadian dollar buying rate lost 34 cents to $95.64 with dealers buying C$1,522,032 and selling C$877,928, at an average selling rate that fell 14 cents, to $97.63. The rate for buying the British Pound declined 43 cents to $175.68 for the purchase of £1,183,049, while £516,953 was sold, the rate eased 41 cents to $177.23. At the end of trading it took J$139.51 to purchase the Euro, 89 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.63, for a decline of $3.22. Other currencies bought, amounted to the equivalent of US$188,078 while the equivalent of US$338,918, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.02 to $115.87, the lowest buying rate closed 25 cents lower at $93.52 and highest selling rate fell 21 cents to $120.16. The lowest selling rate remained unchanged at $93.94. The highest buying rate for the Canadian dollar dipped 80 cents to $99. The lowest buying rate fell 67 cents to $77.85. The highest selling rate fell 11 cents to $101.22 and the lowest selling rate slipped 75 cents to $93.80. The highest buying rate for the British Pound, rose 20 cents to $179. The lowest buying rate fell $1.87 to $142.14, the highest selling rate declined by $4.02 to $181.73 and the lowest selling rate fell $2.10 to $171.25.