Tuesday, 12th November 2013 | The US dollar was the only currency to strengthen against the Jamaican dollar on Tuesday. Trading in foreign currencies resulted in the highest buying rate for the US dollar closing up 70 cents at $107.00 and the lowest buying rate closing up 4 cents at $85.50; the highest selling rate closed up 6 cents at $109.57 while the lowest declined 8 cents to $85.38.

The highest buying rate for the Canadian dollar closed down 10 cents at $101.50 and the lowest buying rate closed down 33 cents at $79.93; the highest selling rate was down 50 cents at $ 103.20 and the low fell 25 cents to $96.45.

The highest buying rate for the British Pound closed down 65 cents at $169.70 while the low was off 87 cents at $134.71. The highest selling rate closed down $1.12 at $173.66 and the low was off $2.0 at $162.30.

There was buying for US$40,229,588. which was up 57 cents to $105.06 and selling of US$31,274,979 with the rate closing at $105.55 up 17 cents. C$1,032,115 was bought by dealers with the rate up 18 cents to $98.88 and selling amounted to C$820,954 as the rate was down 95 cents to $100.57.

£2,363,306 was bought as the rate moved up 40 cents to $167.12 and £1,233,803 was sold with the rate down $2.19 to $169.24.

Total foreign currencies trading translated to US$45,073,215 being bought by dealers or nearly US$11 million more than the US$34,244,536 being sold.

Tuesday, 5th November 2013 | The US dollar softened a bit against the Jamaican dollar in Tuesday’s trading as there was more inflows than sales, while the rates for buying and selling the Canadian fell and rates for trading the British Pound rose. Authorised dealers purchased the equivalent of US$26,094,968 and sold the equivalent of US$21,786,921.

The total amount of the US currency bought was US$22,018,618 at an average rate of $104.62 up 18 cents but the amount was quite a bit more than the US$19,787,316 that was sold, with the rate ending at $105.13 down 9 cents from Monday’s rate. The Canadian currency was purchased by dealers and amounted to C$1,704,090 as the rate went down 43 cents to $99.18 and dealers sold C$797,710 at $100.86 down 9 cents. Dealers bought £1,454,265 at $166.47 up 48 cents and sold £676,898 at $169.035 up 24 cents.

Highest & Lowest |The US dollar was sold for as high as $106.20 down 30 cents and the lowest buying rate was unchanged at $85.38; so too were the highest and lowest selling rates at $109.41 and $85.17 respectively.

The highest buying rate for the Canadian dollar rose 50 cents to $102.20 while the lowest was up 37 cents to $80.51. The highest selling moved up 98 cents to $104.50 and the lowest climbed 25 cents to $97.00.

The Pound was bought as high as $173.02 for an increase of $3.52 and as low as $134.21, down 17 cents. Selling was as high as $172.11 down by $1.12 and as low as $161.70 off by 20 cents.

Monday, 4th November 2013 | In Monday’s trading in the forex market the prices for the main currencies fell at the end of the day except for the selling rate of the US dollar which rose by 8 cents.

Dealers bought the equivalent of US$38,865,150 and sold US$37,680,070 with $34,232,617 of the amount purchased being US dollar denominated. The rate fell by 20 cents to $104.44 at the end of trading and they sold US$35,353,266 at $105.22 for the an increase of 8 cents.

The amount of Canadian dollars bought amounted to C$1,722,688 at $98.75 down 90 cents, selling amounted to $831,706 at $100.95, down a cent. Dealers bought £1,801,287 at $165.98 down 15 cents and they sold £856,587 at $168.796 down 34 cents.

High & Lows | The highest selling rate for the US dollar was $106.50 up 50 cents for the day and the lowest rate was $85.38, up 4 cents while selling was as high as $109.41, with no change for the day and as low as $85.17, down by $16.83.

The highest selling rate for the Canadian dollar was down 20 cents to $101.70 and the lowest rate was $80.14, up 13 cents while selling was as high as $103.52 up 21 cents and as low as $96.75, up 20 cents.

The highest selling rate for the British Pound was $169.50 down $1 and the lowest rate was $143.38, down 62 cents, while selling was as high as $173.23 up $1.64 and as low as $161.90 down 75 cents.

Friday, 1st November 2013 | Friday’s trading in the foreign exchange market resulted in the equivalent of US$29,913,501 being purchased by dealers and $32,143,784 being sold.

Trading in US dollars saw more selling than buying with buying amounting to US$26,390.820 at an average rate of $104.64, up 32 cents and US$29,771,104 being sold at $105.14, up 9 cents for the day. C$1,500,625 was bought down 10 cents to end at $99.65 and C$910,603 was sold at $100.96 down by 14 cents. £1,176,225 was purchased resulting in a fall of $2.61 at $166.14 and £771.827 was sold at $169.13 down $2.45.

The highest buying rate for the US dollar was unchanged at $106.00, as well as the lowest which was unchanged at $85.34; the highest selling rate increased by 6 cents to $109.41 and the lowest remained $102.

The highest buying rate for the Canadian dollar was 25 cents up at $101.90 the lowest as unchanged at $80.01 while the highest selling was 69 cent down at $103.31 as the lowest moved up 15 cents to $96.55.

The British Pound went down to $170.50 at the highest buying rate and was down 21 cents for the lowest buying rate at $135; selling was $2.71 lower at $171.59 for the highest selling rate and down 25 cents for the lowest at $162.65.

Image courtesy of Marcus/FreeDigitalPhotos.net

Thursday, 31 October 2013 | Buying of foreign currency was more than the selling as the equivalent of $30,722,115 was purchased by dealers while they sold the equivalent of $29,837,235. Rates moderated across the board except for the British pound that saw a rise in the selling rate.

Trading in the US dollar resulted in $23,396,287 being bought at 11 cents less than on Wednesday at $104.32 and selling amounted to $21,077,037, which was at $105.05, down 2 cents. The Canadian dollar buying rate declined by 22 cents to $99.75 as C$1,743,312 was bought and selling took place at $101.10, down 79 cents with sales of C$1,335,440.

The British Pound fetched $168.74, which was off by 40 cents as there was purchasing for £3,360,100 while selling amounted to £4,403,449 at $171.59, up 99 cents.

Highs Lows | Unlike the spot rates, the highs and lows in trading was mixed with the rate US dollar slipping by 30 cents to $106.00 as the low went up 17 cents to $85.34. The high point for selling was a 21 cent increase to $109.35 and the low was at $102.00, up all of $16.83.

The Canadian dollar buying rate went as high as $101.65, a fall of 35 cents and the low was up by 8 cents to $80.01. The high for selling was at $104.00, a 50 cents increase and the low for selling was at $96.40, up 10 cents.

The Pound went as high as $171.25 when bought by dealers, a 25 cents climb and as low as $135.21, down by 74 cents. The high in selling was at $174.30, a fall of 97 cents and the low was at $162.90, up a big $26.95.

Wednesday, 30th October 2013 | On Wednesday, trading in the foreign exchange market resulted in the equivalent of US$25,072,635 being purchased by dealers and $25,644,245 being sold.

Trading in US dollars was virtually even with buying of US$19,459,826 at an average rate of $104.43, up 3 cents and US$19,349,509 being sold at $105.08, up 3 cents for the day. C$3,081,133 was bought up 83 cents to end at $99.97 and C$4,541,925 was sold at $101.89 down by 14 cents. £1,522,895 was bought resulting in an increase of $1.63 at $169.14 and £1,065,989 was sold at $169.83 up 76 cents.

The highest buying rate for the US dollar was $106.30 up 40 cents and the lowest was unchanged at $85.17; the highest selling rate fell by 21 cents to $109.14 and the lowest dropped by $16.83 to $85.17.

The highest rate for the Canadian dollar was 60 cents up at $102.00 the lowest as unchanged at $79.93 while the highest selling was 50 cents down at $103.50 as the lowest remained unchanged at $96.30.

The British Pound went up by 25 cents at $171.00 at the highest buying rate and was up 24 cents for the lowest buying rate at $135.95; selling was 33 cents higher at $175.27 for the highest selling rate and $27.55 down for the lowest at $136.95.

Tuesday, 29th October 2013 | Trading in the forex market resulted in the equivalent of US$26,900,375 being purchased by dealers and $29,404,180 being sold.

Trading in US dollars showed more selling than buying with US$23,073,680 being bought at an average rate of $104.45, up 7 cents and US$26,171,118 being sold at $105.05, up a cent on the day,  C$1,142,152 was bought at 31 cents more to end at $99.14 and C$1,895,221 was sold at $102.03 up by $1.23. £1,510,755 was bought with the rate falling 83 cents at $167.51 and £744,001 was sold at $169.83 up 13 cents.

Highs & Lows | The highest buying rate for the US dollar was $105.90 down 40 cents and the lowest was unchanged at $85.17; the highest selling rate increased by 21 cents to $109.35 and the lowest jumped $16.83 to $102.00.

The highest rate for the Canadian dollar was 60 cents lower at $101.40; the lowest was unchanged at $79.93 while the highest selling was 50 cents up at $104.00 as the lowest remained unchanged at $96.30.

The British Pound went down by 25 cents at $170.75 for the highest buying rate and  down 24 cents for the lowest buying rate at $135.71; selling was 33 cents lower at $174.94 for the highest selling rate and $27.55 more for the lowest at $163.50.

Monday, 28th October 2013 | Buying and selling of foreign currencies was even on the first trading day of the week as dealers bought the equivalent of US$33,264,845 and sold US$32,464,095.

Buying of the US dollar amounted to US$29,604,479 as the rate fell 23 cents to $104.38 and they sold US$29,537,504 as the rate declined 3 cents to $105.04. Dealers bought C$1,535,427 as the rate was down 60 cents to $98.83 and sold C$1,184,509 at $100.80 down 2 cents. Buying of the Pound sterling amounted to £1,179,724 at $167.38, down 30 cents and the amount sold was £994,357 at $170.66 up 47 cents

Buying rates went as high $106.30 up 30 cents and as low as $85.17 unchanged for the US dollar, with no change for the highest and lowest selling rates of $109.14 and $85.17 respectively. The Canadian dollar was bought for 50 cents less than on Friday at $102.00 and the lowest at $79.93, down 25 cents as the highest selling rate fell 60 cents to close at $103.50 and the lowest fell by 30 cents to end at $96.30.

The British Pound was 50 cents cheaper at the high end of buying at $171.00 and 24 cents higher for the low of $135.95 while selling resulting in a $2.43 jump to $175.27 but the low fell by $27.55 to $135.95.

Friday, 25th October 2013 | There were signs of softening of rates for the purchase of foreign currency as evidenced in an across the board reduction in the maximum and minimum buying and selling rates except for the US dollar that had virtually no movement.

The move suggests that traders are somewhat cautious in buying at high rates, which should dampen the average selling rate going forward. Additionally, trading on Friday resulted in more buying than selling of foreign currencies by nearly US$11 million. Total forex purchased by dealers amounted to the equivalent of US$40,941,378 while US$30,097,925 was sold to the public.

The highest and lowest buying rate as well as the highest selling for the US dollar remained unchanged at $106.00, $85.17 and $109.14 respectively, but the lowest selling rate dropped $2.02 to end at $85.17.

The highest buying rate for the Canadian dollar remained the same as on Thursday at $102.50 but the lowest went down by 45 cents to $80.18. At the same time, the highest selling rate slipped 65 cents to $104.10 and the lowest was down $1.75 to $96.60.

The British Pound was bought as high as $171.50 a $1 reduction and was as low as $135.71, just 8 cents down, while selling was as high as $172.84, down $2.43 and as low as $163.50, off by just 10 cents.

There was purchasing by dealers of US$37,825,365 with the rate moving up 10 cents to $104.61 and the amount sold was US$28,190,795 at 7 cents up at $105.07. There was buying of C$1,153,658 for 42 cents less at $99.43 than on Thursday and selling of C$647,353 at a rate of 70 cents lower at $100.82. Pound purchases amounted to £1,170,706 at 24 cents down at $167.68, selling £644,752 was for $170.186, for 27 cents increase.

Thursday, 24th October 2013 | The forex market settled on Thursday with purchasing of US$29,652,775 by dealers and selling of US$28,150,839 on a day when the US dollar moved up slightly on both the selling and buying end while the rates for the Canadian fell by more than $1 for buying and selling but the Pound had mixed fortunes.

A total of US$24,976,554 traded at $104.51, up 3 cents while the US dollar selling amounted to US$26,184,112 as it traded at $104.996 up 6 cents. Purchases of C$1,372,188 traded at $99.85 down $1.02 and selling amounted to C$923,239 as the rate closed at $101.52 down $1.22. Buying for the British Pound amounted to £2,026,134 trading at an average of $167.92 up 54 cents and the amount sold was £467,762 at $169.91, down 41 cents.

Highs & Lows | The highest buying rate for the US dollar was at $106.00 down 50 cents while the lowest was unchanged at $85.17 the same applied to the highest selling rate of $109.14 but the lowest selling rate went up $2.02 to $87.19. The Canadian was sold as high as $102.50, down 50 cents and the low was at $80.63, down by 63 cents. The high rate for selling was $104.75, a decline of 25 cents and the low was at $98.35, up by 45 cents.

The Pound went as high as $172.50 an increase of 90 cents, while the low was $135.79 down 16 cents, but selling took place as high as $175.27 up 92 cents and the low was at $163.60, a decline of 20 cents.