In foreign exchange trading on Thursday, net inflow was again positive with US$7 million, continuing the net inflows for December. Market activity led to the selling rates of the US and Canadian dollars and the pound falling.
At the close of the market, dealers bought the equivalent of US$39,589,559 of all currencies and sold US$32,426,860, compared to US$53,620,805 purchased and US$34,296,736 sold on Wednesday.
In US dollar trading, dealers bought US$35,025,983 compared to US$44,977,358 on Wednesday. The buying rate for the US dollar fell 15 cents to close at $127.62. A total of US$27,928,981 was sold versus US$27,142,705 on Wednesday, with the selling rate declining 17 cents to end at $128.33. The Canadian dollar buying rate fell $1.27 to $94.36, with dealers buying C$3,065,234 and selling C$3,625,253 at an average rate that eased 29 cents to finish at $96.40. The average rate for buying the British Pound rose 30 cents to $157.35 for the purchase of £1,727,460 while £1,063,217 was sold with a fall of 38 cents to end at $158.72.
At the end of trading on Thursday, dealers sold €420,085 with the selling rate for the Euro, closing with a rise of 76 cents to $136.54, according to data from Bank of Jamaica. Dealers purchased €140,293 of the European common currency at $128.44 after falling 65 cents. The US dollar equivalent of other currencies traded, amounts to US$26,347 being bought and selling of US$12,647.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a fall of $1 in the highest buying rate of the US dollar to $128.90. The lowest selling rate for the Canadian dollar fell $1.60 to end at $91.40. The highest selling rate for the British Pound gained $2.17 to $162.67, the lowest selling rate fell $1.20 to $153.80 and the highest buying rate for the Euro jumped $1.14 to $137.14.
More gains for Jamaican$ – Monday
The Jamaican dollar recorded all-round gains in foreign exchange trading on Monday. At the close of the market, dealers bought the equivalent of US$57,145,968 of all currencies and sold US$44,171,546, compared to US$44,831,673 purchased and US$39,459,521 sold on Friday.
In US dollar trading, dealers bought US$49,535,429 compared to US$39,652,245 on Friday. The buying rate for the US dollar fell 25 cents to $127.73. A total of US$40,408,814 was sold versus US$32,675,259 on Friday, with the selling rate declining 8 cents to end at $128.61. The Canadian dollar buying rate rose 4 cents to $94.90, with dealers buying C$6,252,854 and selling C$2,626,895 at an average rate that decreased by $1.19 to finish at $96.31. The average rate for buying the British Pound dropped 60 cents to $157.20 for the purchase of £2,267,695 while £1,191,171 was sold with a fall of 7 cents to end at $159.60.
At the end of trading on Monday, dealers sold €292,265 with the selling rate for the Euro, closing with a fall of 36 cents to $135.70, according to data from Bank of Jamaica. Dealers purchased €147,019 of the European common currency at $128.75 after falling $1.99. The US dollar equivalent of other currencies traded, amounts to US$26,092 being bought and selling of US$8,997.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a rise of $16.67 in the lowest selling rate of the US dollar to $120. The highest buying rate for the Canadian dollar rose $3.10 to end at $100, while the highest selling rate jumped $4 to $104.44 and the lowest selling rate lost 80 cents to $91.50. The lowest buying rate for the British Pound fell $1 to $128.90, the highest selling rate dipped $1.30 to end at $167.72 and the lowest selling rate gained $1 to $154. The highest buying rate for the Euro dropped $1.50 to $132, the highest selling rate dropped $3.89 to $139.86, while the lowest selling rate climbed $1.50 to $129.50.
Jamaican$ slips vs US – Friday
The Jamaican dollar selling rate slipped against the US and Canadian dollar and made gains versus the British pound and the euro in foreign exchange trading on Friday. At the close of the market, dealers bought the equivalent of US$44,831,673 of all currencies and sold US$39,459,521, compared to US$41,707,136 purchased and US$29,836,153 sold on Thursday.
In US dollar trading, dealers bought US$39,652,245 compared to US$37,328,635 on Thursday. The buying rate for the US dollar rose 7 cents to $127.98. A total of US$32,675,259 was sold versus US$26,728,474 on Thursday, with the selling rate rising 5 cents to end at $128.69. The Canadian dollar buying rate rose 43 cents to $94.86, with dealers buying C$3,763,209 and selling C$6,662,780 at an average rate that increased by 76 cents to finish at $97.50. The average rate for buying the British Pound dropped $2.04 to $157.80 for the purchase of £1,779,653 while £1,159,661 was sold with a fall of $1.53 to end at $159.67.
At the end of trading on Friday, dealers sold €269,095 with the selling rate for the Euro, closing with a fall of 46 cents to $136.06, according to data from Bank of Jamaica. Dealers purchased €180,841 of the European common currency at $130.74 after falling $4.24. The US dollar equivalent of other currencies traded, amounts to US$11,048 being bought and selling of US$12,976.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a drop of $19.67 in the lowest selling rate of the US dollar to $103.33. The highest buying rate for the Canadian dollar fell $3.10 to end at $96.90, the lowest buying rate declined $1.95 to $77.19, while the highest selling rate dipped $2.54 to $100.44 and the lowest selling rate rose $1.30 to $92.30. The highest buying rate for the British Pound jumped $2.35 to $165, The lowest buying rate fell $2.07 to $129.90, while the highest selling rate dipped $2.70 to end at $169.02 and the lowest selling rate fell by $1 to $153. The highest buying rate for the Euro dropped $5.70 to $133.50, the lowest buying rate dropped $2.57 to $107.90, while the lowest selling rate dropped $2.50 to $128.
Jamaican$ holds vs US – Thursday
The Jamaican dollar selling rate held against the US dollar and made more gains versus the British pound and the Canadian dollar and declined against the euro in foreign exchange trading on Thursday. At the close of the market, dealers bought the equivalent of US$41,707,136 of all currencies and sold US$29,836,153, compared to US$58,868,333 purchased and US$36,828,727 sold on Wednesday.
In US dollar trading, dealers bought US$37,328,635 compared to US$50,506,344 on Wednesday. The buying rate for the US dollar dropped 31 cents to $127.91. A total of US$26,728,474 was sold versus US$30,039,107 on Wednesday, with the selling rate holding at $128.64. The Canadian dollar buying rate dropped $3.12 to $94.43, with dealers buying C$2,145,822 and selling C$839,400 at an average rate that declined $1.29 to finish at $96.74. The average rate for buying the British Pound slipped 13 cents to $159.84 for the purchase of £1,752,754 while £1,397,593 was sold with a fall of $1.72 to end at $161.20.
At the end of trading on Thursday, dealers sold €655,049 with the selling rate for the Euro, closing with a rise of 64 cents to $136.52, according to data from Bank of Jamaica. Dealers purchased €560,586 of the European common currency at $134.98 after rising $2.80. The US dollar equivalent of other currencies traded, amounts to US$12,367 being bought and selling of US$29,948.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a jump of $19.05 in the lowest selling rate of the US dollar to $123. A rise of $1.49 in the highest selling rate for the Canadian dollar to end at $102.98 and a $1 fall in the lowest selling rate to $91. The highest buying rate for the Euro jumped $4.70 to $139.20, the lowest buying rate dropped $6.57 to $110.47, while the highest selling rate gained $4.30 to end at $143.75 and the lowest selling rate dropped $1.80 to $130.50.
More gains for Jamaican$ on Wednesday
The Jamaican dollar made more gains against the US dollar and the euro in foreign exchange trading on Wednesday, following gains made on Tuesday but lost value against the British pound and the Canadian dollar. At the close of the market, dealers bought the equivalent of US$58,868,333 of all currencies and sold US$36,828,727, compared to US$57,996,882 purchased and US$49,187,617 sold on Tuesday.
In US dollar trading, dealers bought US$50,506,344 compared to US$53,844,073 on Tuesday. The buying rate for the US dollar rose 10 cents to $128.22. A total of US$30,039,107 was sold versus US$47,268,489 on Tuesday, with the selling rate slipping by 6 cents to $128.64. The Canadian dollar buying rate gained $2.91 to $97.55, with dealers buying C$7,270,007 and selling C$6,871,594 at an average rate that climbed $1.12 to finish at $98.03. The average rate for buying the British Pound slipped 26 cents to $159.97 for the purchase of £2,209,920 while £1,156,688 was sold with a rise of 80 cents to end at $162.92.
At the end of trading on Wednesday, dealers sold €66,011 with the selling rate for the Euro, closing with a fall of 27 cents to $135.88, according to data from Bank of Jamaica. Dealers purchased €63,330 of the European common currency at $132.18 after rising 27 cents. The US dollar equivalent of other currencies traded, amounts to US$8,283 being bought and selling of US$18,267.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a jump of $2.80 in the highest buying rate for the Canadian dollar to end at $99.73. The highest buying rate for the Euro dropped $3 to $134.50 and the lowest buying rate for the jumped $6.65 to $117.04.
More gains for Jamaican$
The Jamaican dollar made more gains against the US dollar, the Canadian dollar and the euro in foreign exchange trading on Tuesday, following gains made on Monday but lost value against the British pound. At the close of the market, dealers bought the equivalent of US$57,996,882 of all currencies and sold US$49,187,617, compared to US$57,401,488 purchased and US$40,932,708 sold on Monday.
In US dollar trading, dealers bought US$53,844,073 compared to US$52,617,172 on Monday. The buying rate for the US dollar rose 11 cents to $128.12. A total of US$47,268,489 was sold versus US$38,895,105 on Monday, with the selling rate slipping by 2 cents to $128.70. The Canadian dollar buying rate gained 53 cents to $94.64, with dealers buying C$1,692,991 and selling C$843,626 at an average rate that lost 12 cents to finish at $96.91. The average rate for buying the British Pound jumped $1.05 to $160.23 for the purchase of £2,229,345 while £918,792 was sold with a rise of 49 cents to end at $162.12.
At the end of trading on Tuesday, dealers sold €108,436 with the selling rate for the Euro, closing with a fall of $1.10 to $136.14, according to data from Bank of Jamaica. Dealers purchased €103,237 of the European common currency at $131.91 after rising 56 cents. The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a fall of $1.27 in the highest buying rate for the Canadian dollar to end at $96.93. The highest buying rate for the British Pound dropped $2.78 to $163.40, while the highest selling rate gained $1.08 to end at $171.72. The highest selling rate for the Euro dropped $2.96 to $139.60.
A little more gain for Jamaican$
The Jamaican dollar made more gains against the US dollar and the euro in foreign exchange trading on Friday, following gains made on Thursday but lost value against the British pound and the Canadian dollar. At the close of the market, dealers bought the equivalent of US$32,880,249 of all currencies and sold US$32,936,449, compared to US$27,160,634 purchased and US$26,921,870 sold on Thursday.
In US dollar trading, dealers bought US$29,263,004 compared to US$23,108,403 on Thursday. The buying rate for the US dollar rose 6 cents to $127.91. A total of US$29,805,643 was sold versus US$24,915,142 on Thursday, with the selling rate slipping by just 1 cent to $128.78. The Canadian dollar buying rate fell 13 cents to $94.67, with dealers buying C$2,044,327 and selling C$3,142,188 at an average rate that increased by $1.51 to finish at $98.17. The average rate for buying the British Pound dropped 66 cents to $158.80 for the purchase of £1,563,019 while £452,709 was sold with a rise of 32 cents to end at $161.77.
At the end of trading on Friday, dealers sold €151,295 with the selling rate for the Euro, closing with a fall of 43 cents to $137.30, according to data from Bank of Jamaica. Dealers purchased €150,857 of the European common currency at $132.33 after falling $3.87. The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a fall of $1.50 in the lowest selling rate for the US dollar to end at $121.50. The highest buying rate for the British Pound rose $1.30 to $163.50, while the lowest selling rate slipped $1.50 to end at $154. The highest buying rate for the Euro dropped $8.88 to $135.30 and the lowest selling rate fell $1.25 to $132.
More revaluation for Jamaican$
The Jamaican dollar made more gains against all four major foreign currencies on Thursday, following gains it made on Wednesday. At the close of the market, dealers bought the equivalent of US$27,160,634 of all currencies and sold US$26,921,870, compared to US$34,294,467 purchased and US$30,046,671 sold on Wednesday.
In US dollar trading, dealers bought US$23,108,403 compared to US$30,548,763 on Wednesday. The buying rate for the US dollar fell by 30 cents to $127.85. A total of US$24,915,142 was sold versus US$27,155,752 on Wednesday, with the selling rate slipping by 5 cents to $128.79. The Canadian dollar buying rate rose 91 cents to $94.80, with dealers buying C$1,776,682 and selling C$1,342,067 at an average rate that declined by 28 cents to $96.66. The average rate for buying the British Pound dropped $2.01 to $159.46 for the purchase of £1,805,624 while £470,139 was sold with a slip of $1.77, to end at $161.45.
At the end of trading on Thursday, dealers sold €373,840 with the selling rate for the Euro, closing with a fall of $1 to $137.73, according to data from Bank of Jamaica. Dealers purchased €447,343 of the European common currency at $136.20 after falling 71 cents. The US dollar equivalent of other currencies traded, amounts to US$6,099 being bought and selling of US$10,342.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a fall of $1 in the lowest selling rate for the US dollar to end at $123. The highest buying rate for the British Pound dropped $5.55 to $162.20, the lowest buying rate fell $1.66 to$131.14, the highest selling rate climbed $4.04 to $170.64, while the lowest selling rate slipped $1.84 to end at $155.50 and the highest buying rate for the Euro jumped $6.58 to $144.18.