FX Inflows fall in past week

Inflows into the Jamaican foreign exchange market at US$47.4 million on Friday was the highest for the week and so were outflows of $43.2 million but they helped in bringing the month’s surplus of all currencies traded to US$120 million, so far.
For the week to Friday, trading levels were almost the same as for the first week in July but quite different from the previous week with total inflows of US$213 million, US$7 million less than the week before and outflows of US$182 million, US$17 million higher with net inflows of all currencies ending with US$30.6 million surplus. In USA dollar trading, inflows into the system ended at US$38 million on Friday versus US$33 million on Thursday, while inflows for the week was US$177 down from US$195 million, with outflows at US$4 million more than the previous week, to end at US$150 million.
The value of the Jamaican dollar fell modestly against the US dollar on Friday with the selling rate for the US dollar ending at J$128.44 from J$128.33 previously. Dealers bought the US currency at an average of J$127.41 down from JS$127.21 on Thursday.
The selling rate for the Canadian dollar rose to J$104.38 from J$103.14 at the close on Thursday, while the British Pound was less costly at the close, with J$166.67 buying the British currency versus J$167.83 and the euro, rose against the Jamaican dollar, with it taking J$150.36 to buy the European common currency on, versus J$149.06 previously.

Jamaican$ value inch higher

The value of the Jamaican dollar gained modestly against the US dollar on Thursday with the selling rate for the US dollar ending at J$128.33 from J$128.35 previously. Dealers bought the US currency at an average of J$127.21 down from JS$127.27 on Wednesday.
Inflows into the Jamaican foreign exchange market increased slightly by US$2.5 million on Thursday compared to the same day last week, but selling by dealers rose US$8 million compared to last week. For the week to Thursday the inflows are running well behind last week’s inflows for the same period while outflows are in line.
On Wednesday, dealers purchased US$39.6 million compared to US$34.3 million bought and sold US$37.9 million, of all currencies compared to US$33.5 million sold on previously. In USA dollar trading, inflows into the system ended at US$33 million versus US$29.2 million on Wednesday, while selling amounted to US$29.6 million versus US$30.2 million on the prior trading day.
The selling rate for the Canadian dollar rose to J$103.14 from J$102.01 at the close on Wednesday, while the British Pound was more costly at the close, with J$167.83 buying the British currency versus J$166.99 on Wednesday and the euro, rose against the Jamaican dollar, with it taking J$149.06 to buy the European common currency on, versus J$147.16 previously.

Jamaican$ value slips

The value of the Jamaican dollar slipped against the US dollar on Wednesday, with the selling rate for the US dollar ending at J$128.35 from J$128.16 previously. 
Inflows into the system fell by several million dollars but selling remained inline with Tuesday’s levels.
Dealers bought the US currency at an average of J$127.27 down from JS$127.48 on Tuesday.
Inflows into the Jamaican foreign exchange market declined sharply by US$13.5 million on Wednesday compared to the same day last week, but selling by dealers rose just US$2 million compared to last week.
On Tuesday, dealers purchased US$34.3 million compared to US$45.6 million bought and sold US$33.5 million, of all currencies compared to US$37.4 million sold on previously. In USA dollar trading, inflows into the system ended at US$29.2 million versus US$38 million on Tuesday, while selling amounted to US$30.2 million versus US$30.4 million on the prior trading day.
The selling rate for the Canadian dollar rose to J$102.01 from J$101.92 at the close on Tuesday, while the British Pound was more costly at the close, with J$166.99 buying the British currency versus J$166.93 on Tuesday and the euro, lost value against the Jamaican dollar, with it taking J$147.16 to buy the European common currency on, versus J$146.46 previously.

Jamaican$ heading to $127 band

The value of the Jamaican dollar continues to climb against the US dollar as it heads towards the JS$127 band, with the selling rate for the US dollar falling to J$128.16 from J$128.22 previously. Dealers bought the US currency at an average of J$127.48, up from JS$127.28 on Monday.
Inflows into the Jamaican foreign exchange market declined on Tuesday compared to the same day last week, but selling by dealers dropped compared to last week, resulting in no change to the net inflows compared to last week.
Dealers purchased US$45.6 million compared to US$46.2 million bought on Monday and sold US$37.4 million, of all currencies compared to US$30.4 million sold on previously. In USA dollar trading, inflows into the system ended at US$38 million versus US$39 million on Monday, while selling amounted to US$30.4 million versus US$25.8 million on the prior trading day.
The selling rate for the Canadian dollar rose to J$101.92 from J$101.55 at the close on Monday, while the British Pound was more costly at the close, with J$166.93 buying the British currency versus J$166.89 on Monday and the euro, lost value against the Jamaican dollar, with it taking J$146.46 to buy the European common currency on, versus Monday’s J$148.91.

More gains for Jamaican$ – Monday

The value of the Jamaican dollar climbed against the US dollar at the start of the week, versus the close on Friday, with the selling rate for the US dollar falling to J$128.22 from J$128.39 previously.

Dealers bought the US currency at an average of J$127.28, up from JS$127.27 on Friday.
Inflows into the Jamaican foreign exchange market declined on Monday compared to the same day last week, but selling by dealers dropped compared last week, more than compensating for the week over week fall in inflows.
Dealers purchased US$46 million compared to US$37 million bought on Friday and sold US$30.4 million, of all currencies compared to US$26 million sold on Friday. In USA dollar trading, inflows into the system ended at US$39 million versus US$33 million on Friday, while selling amounted to US$25.8 million versus US$22 million previously.
The selling rate for the Canadian dollar rose to J$101.55 from J$101.44 at the close on Friday, while the British Pound was less costly at the close on Friday, with J$165.89 buying the British currency versus J$166.41 on Friday and the euro, rose in value against the Jamaican dollar, with it taking J$148.91 to buy the European common currency on Friday, versus Friday’s J$145.65.

FX inflows rise demand falls

Inflows into the Jamaican foreign exchange market rose during the past week, compared to the first week in July and selling by dealers dropped. Dealers purchased US$220 million of all currencies, US$6 million more than in the previous week and sold US$165 million, down $15 million for the same period.
The Jamaican dollar rose in value against the US dollar at the end of the week versus the close of the previous week, with the selling rate declining moderately to J$128.39 from J$128.43, the rate fell to a low of J$128.30 for the week on Wednesday.
Dealers bought the US currency at an average of J$127.27 on Friday, down from JS$127.55 on Thursday and $127.41 at the close of the previous week.
Dealers purchased US$37 million similar to the amount bought on Thursday and sold US$26 million, of all currencies on Friday compared to US$29 million sold. In USA dollar trading, inflows into the system ended at US$33 million versus US$35 million on Thursday, while selling amounted to just US$22 million versus US$28 million previously. For the week, net inflows of US$50 million USA dollar entered the system up from US$30 million in the first week of the month.
Inflows for July are running ahead of those for June, while outflows are less resulting a higher net inflows for the two weeks to July 14.
The selling rate for the Canadian dollar rose to J$101.44 from J$101.12 at the close on Thursday, while the British Pound was less costly at the close on Friday, with J$166.41 buying the British currency versus J$166.91 on Thursday and the euro, fell in value against the Jamaican dollar, with it taking J$145.65 to buy the European common currency on Friday, versus Thursday’s J$147.14.

Net FX inflows rise J$ value falls – Thursday

The Jamaican dollar gave back 9 cents of its value as measured by the average selling rate for the United States dollar on Thursday as net inflows into the Jamaican foreign exchange market declined on Thursday from the net position on Wednesday.
At the close, the United States currency was being sold at an average of J$128.38, co0mpared to J$128.30 on Wednesday. Dealers bought the US currency at an average of J$127.55, up slightly from JS$127.53 previously. Dealers bought the equivalent of US$8 million more funds than they sold, up from US$15 million on the prior trading day, bringing the surplus for the week to US$44.5 million.
Dealers purchased US$37 million and sold US$29 million, of all currencies on Thursday. On Wednesday, US$47.87 million entered the market and US$32.54 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$35 million versus US$41.3 million previously, while selling amounted to US$28 million versus US$27.9 million on Wednesday.
The selling rate for the Canadian dollar rose to J$101.12 from J$100.04 at the close on Wednesday, while the British Pound was more costly at the close on Thursday, with J$166.91 buying the British currency versus J$164.23 on Wednesday and the Jamaican dollar fell in value against the euro, with it taking J$147.14 to buy the European common currency on Thursday, versus Wednesday’s rate of J$146.28.

Jamaican$ gains as net inflows rise – Wednesday

A net increased inflows of foreign currency entered the Jamaican foreign exchange market on Wednesday, leading to the value of the Jamaican dollar gaining 9 cents against the United States dollar. At the close, the United States currency was being sold at an average of J$128.30, down from J$128.39 on Tuesday.
In Wednesday’s trading on foreign currency market dealers bought the US currency at an average of J$127.53, up slightly from JS$127.52 previously. Dealers bought the equivalent of US$15 million more funds than they sold, up from US$8 million on the prior trading day bring the surplus for the week to US$37 million.
Dealers purchased US$47.87 million and sold US$32.54 million, of all currencies on Wednesday. On Tuesday, US$47.77 million entered the market and US$39.4 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$41.3 million versus US$42.4 million on Tuesday, while selling amounted to US$27.9 million versus US$33.2 million on Tuesday.
The selling rate for the Canadian dollar rose to J$100.04 from J$99.73 at the close on Tuesday, while the British Pound cost less at the close on Wednesday, with J$164.23 buying the British currency versus J$165.86 on Tuesday and the Jamaican dollar jumped in value against the euro, with it taking J$146.28 to buy the European common currency on Wednesday versus Tuesday’s rate of J$149.03.

 

Jamaican dollar value slips – Tuesday

The value of the Jamaican dollar slipped by 2 cents against the United States dollar rising to J$128.39 from J$128.37 on Monday. Dealers bought the US currency at J$127.52 up from JS$127.49 previously.
On Tuesday’s trading in Jamaica’s foreign currency market saw the equivalent of US$8 million more funds coming into the system than left, down from US$13 million on the prior trading day bring the surplus for the week to US$21.4.
Dealers purchased US$47.8 million and sold US$39.4 million, of all currencies on Tuesday. On Monday, US$50.44 million entered the market and US$37.4 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$42.4 million versus US$46.3 million on Monday while selling amounted to US$33.2 million versus US$34.8 million on Monday.
The selling rate for the Canadian dollar fell to J$99.73 from J$99.98 at the close on Monday, while the British Pound cost more at the close on Tuesday, with J$165.86 buying the British currency versus J$163.85 on Monday and the Jamaican dollar fell in value against the euro, with it taking J$149.03 to buy the European common currency on Tuesday versus Monday’s rate of J$146.69.

More gains for Jamaican dollar – Monday

Dealers in Jamaica’s foreign currency market saw the equivalent of US$13 million more funds coming into the system than left, helping to drive the value of Jamaican dollar further upwards with the selling rates of the United States dollar dropping to J$128.37, down from J$128.43 on Friday.
Dealers bought the United States dollar at J$127.49 up from JS$127.41 previously.
The positive net inflows on Monday continue the trend set for the prior week with surplus inflows on each day.
Dealers purchased US$50.44 million and sold US$37.4 million, of all currencies on Monday. On Friday, inflows into the market generated US$36.2 million in all currencies, while US$30.2 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$46.3 million versus US$32.3 million on Friday while selling amounted to US$34.8 million versus US$27 million on Friday.
The selling rate for the Canadian dollar rose to J$99.98 compared to J$99.79 at the close on Friday, while the British Pound cost less at the close on Monday, with J$163.85 buying the British currency versus J$165.19 on Friday and the Jamaican dollar gained value against the euro, with it taking J$146.69 to buy the European common currency on Monday versus Friday’s rate of J$148.09.