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 $168.20.
J$ loses v U$ up on others
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.
FX trading remains elevated on Tuesday
Heavy trading in Foreign currency which commenced on Friday last, continued into Tuesday with buying of more than US$51 million and selling of nearly $70 million. The Jamaican dollar gained value against the British Pound, the Canadian Dollar and the Euro, but slipped slightly against the US dollar.
Overall there was buying of the equivalent of US$51,072,479 versus US$67,262,829 on Monday, and selling of the equivalent of US$68,959,488 compared to US$54,210,527 on Monday. In US dollar trading, dealers bought US$45,621,979 compared to US$61,524,538 on Monday. The buying rate for the US dollar fell 17 cents to $113.92, and US$66,949,150 was sold versus US$51,640,183 on Monday, with the selling rate rising 3 cents to $114.57. The Canadian dollar buying rate gained 11 cents to $95.98 with dealers buying C$2,121,251 and selling C$972,385, at an average selling rate that fell 30 cents, to $97.77. The rate for buying the British Pound declined 26 cents to $176.09 for the purchase of £2,198,952 while £664,324 was sold, the rate eased 74 cents to $177.64. At the end of trading it took J$140.40 to purchase the Euro, 12 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.85, for a decline of 7 cents. Other currencies bought, amounted to the equivalent of US$264,243 while the equivalent of US$150,558, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained unchanged at $114.85, the lowest buying rate closed 17 cents lower at $93.77 and highest selling was unchanged at $120.37. The lowest selling rate fell $16.06 to $93.94. The highest buying rate for the Canadian dollar rose 30 cents to $99.80. The lowest buying rate fell 33 cents to $78.52. The highest selling rate rose 11 cents to $101.33 and the lowest selling rate was unchanged at $94.55. The highest buying rate for the British Pound, dropped $6.85 to $178.80. The lowest buying rate fell 8 cents to $144.01, highest selling rate increased 10 cents to $185.75 and the lowest selling rate was unchanged at $173.35.
FX Trading levels elevated on Monday
The Jamaican dollar gained value against the three main currencies it normally trades against, in Monday’s foreign exchange trading. The total value of currencies traded was elevated to $67 million, being bought by dealers and selling of $54 million.
Overall there was buying of the equivalent of US$67,262,829 versus US$52,174,458 on Friday, and selling of the equivalent of US$54,210,527 compared to US$44,651,307 on Friday. In US dollar trading, dealers bought US$61,524,538 compared to US$46,132,454 on Friday. The buying rate for the US dollar fell 1 cent to $114.09 and US$51,640,183 was sold versus US$41,961,857 on Friday with the selling rate falling 5 cents to $114.54. The Canadian dollar buying rate dropped $1.21 to $95.87 with dealers buying C$2,284,502 and selling C$1,182,905, at an average selling rate that fell 70 cents, to $98.07. The rate for buying the British Pound declined $1.29 to $176.35 for the purchase of £2,231,964, while £781,835 was sold, the rate eased 68 cents to $178.38. At the end of trading it took J$140.52 to purchase the Euro, $1.30 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.92, for an increase of 82 cents. Other currencies bought, amounted to the equivalent of US$368,867 while the equivalent of US$339,934, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $114.85, the lowest buying and highest selling rates closed unchanged at $93.94 and $120.37 respectively, the lowest selling rate fell $1 to $110. The highest buying rate for the Canadian dollar rose 20 cents to $99.50. The lowest buying rate rose 33 cents to $78.85. The highest selling rate declined 78 cents to $101.22 and the lowest selling rate eased 5 cents to end at $94.55. The highest buying rate for the British Pound, climbed $5.65 to $185.65. The lowest buying rate rose 8 cents to $144.09, highest selling rate increased $2.81 to $185.65 and the lowest selling rate lost 15 cents to $173.35.
J$ up vs euro & Pound, falters with others Thursday
The Jamaican dollar lost value against the United States and the Canadian dollar, but gained versus the euro and the Pound in Thursday foreign exchange trading in Jamaica.
Overall there was buying of the equivalent of US$42,831,449 versus US$37,454,527 on Wednesday, and selling of the equivalent of US$41,907,894 compared to US$35,556,606 on Wednesday. In US dollar trading, dealers bought US$36,830,088 compared to US$34,094,712 on Wednesday. The buying rate for the US dollar rose 10 cents to $114.04 and US$37,213,356 was sold versus US$30,789,157 on Wednesday while the selling rate rose 10 cents to $114.58. The Canadian dollar buying rate was up 58 cents to $96.44 with dealers buying C$1,634,656 and selling C$3,271,419, at an average selling rate that climbed $1.36, to $99.27. The rate for buying the British Pound rose 33 cents to $177.33 for the purchase of £2,525,435, while £873,242 was sold, the rate eased 75 cents to $179.30. At the end of trading it took J$141.82 to purchase the Euro, $1.23 less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.10, for a fall of $1.26. Other currencies bought, amounted to the equivalent of US$691,817 while the equivalent of US$493,746, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 9 cents higher at $114.89, the lowest buying rate closed 12 cents higher to $93.81. The highest selling rate gained 16 cents to $120.37 and the lowest selling rate fell $16.57 to $95.53. The highest buying rate for the Canadian dollar gained $1.26 to $99.88. The lowest buying rate was unchanged, at $78.19. The highest selling rate fell 50 cents to $101 and the lowest selling rate was unchanged at $94. The highest buying rate for the British Pound, rose 80 cents to $180.20. The lowest buying rate gained 79 cents to $144.75, highest selling rate put on $3.49 to $186.61 and the lowest selling rate rose $1.75 to $174.
J$ falls vs euro, US & Pound Wednesday
The Jamaican dollar lost value against the United States dollar, the euro and the Pound but gained on the Canadian dollar on Wednesday.
Overall there was buying of the equivalent of US$37,454,527 versus US$43,503,554 on Tuesday, and selling of the equivalent of US$35,556,606 compared to US$46,130,818 on Tuesday. In US dollar trading, dealers bought US$34,094,712 compared to US$38,358,526 on Tuesday. The buying rate for the US dollar rose 6 cents to $113.94 and US$30,789,157 was sold versus US$42,437,376 on Tuesday. The selling rate rose 7 cents to $114.48. The Canadian dollar buying rate fell 44 cents to $95.86 with dealers buying C$1,444,094 and selling C$1,029,110, at an average selling rate that declined 91 cents, to $97.91. The rate for buying the British Pound rose 13 cents to $177 for the purchase of £1,284,128, while £1,858,576 was sold, the rate climbed 88 cents to $180.05. At the end of trading it took J$143.12 to purchase the Euro, $1.14 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$140.32, for an increase of $1.26. Other currencies bought, amounted to the equivalent of US$150,076 while the equivalent of US$964,190, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $114.80, the lowest buying rate was unchanged at $93.69. The highest selling rate gained 16 cents to $120.21 and the lowest selling rate rose 60 cents to $112.10. The highest buying rate for the Canadian dollar was unchanged at $98.62. The lowest buying rate closed 33 cents lower, at $78.19. The highest selling rate fell $1 to $101.50 and the lowest selling rate moved down 60 cents to $94. The highest buying rate for the British Pound, dipped $1.10 to $179.40. The lowest buying rate was unchanged at $143.96, highest selling rate lost $2.47 to $183.12 the lowest selling rate lost $1.20 to $172.25.
