Trading in Jamaica’s foreign exchange market saw another day when more purchases of the all foreign exchange currencies exceeded sales, with the net intake on Thursday, being US$7 million and with the net US dollar currency being US$6 million.
In Thursday’s trading, dealers bought US$25,525,850 and sold US$18,693,739 compared to US$29,014,871 purchased and US$34,171,553 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$23,108,190 compared to US$26,580,347 on Wednesday. The buying rate for the US dollar rose 9 cents to close at $126.97. A total of US$17,244,935 was sold versus US$22,841,237 on Wednesday, with the selling rate declining 9 cents to end at $127.61. 
The Canadian dollar buying rate rose 21 cents to $96.81, with dealers buying C$1,456,349 and selling C$796,883 at an average rate that declined by 55 cents to $98.34. The average rate for buying the British Pound dropped $1.20 to $165.99 for the purchase of £838,096 while only £470,436 was sold with the rate falling $1.30 to end at $169.84. At the end of trading, the selling rate for the Euro, jumped $3.21 to close at J$146.12 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$138.03 for a rise of 72 cents from the rate on Wednesday.
The US dollar equivalent of other currencies traded amounts to US$211,530 being bought, while US$208,586, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a rise of $1.55 in the highest buying rate for the Canadian Dollar to end at $102, a fall in the highest selling rate of $1.05 to settle at $103.50. Trading in the British Pound resulted in a fall of 45 cents in the highest buying rate to close at $170.15 and a big dive of $20.50 in the lowest selling rate to $141.50.
Jam. surplus FX rises again
Surplus FX dips on Wednesday
Trading in Jamaica’s foreign exchange market saw £6 million or just about US$8 million more sales than purchases of the Pound sterling on Wednesday, pushing the overall trading in the market into recording negative inflows, on a day when the inflows of US dollars currency exceeded sales by nearly US$4 million.
In Wednesday’s trading, dealers bought US$29,014,871 and sold US$34,171,553 compared to US$82,044,075 purchased and US$63,505,815 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$26,580,347 compared to US$78,399,363 on Tuesday. The buying rate for the US dollar fell 41 cents to close at $126.88. A total of US$22,841,237 was sold versus US$61,557,554 on Tuesday, with the selling rate rising 2 cents to end at $127.70.
The Canadian dollar buying rate rose 78 cents to $96.60, with dealers buying C$1,073,476 and selling C$720,284 at an average rate that rose $1.24 to $98.89. The average rate for buying the British Pound rose 74 cents to $167.19 for the purchase of £1,152,715 while an usually large amount of £7,208,359 was sold with the rate that rose 79 cents to end at $171.14.
At the end of trading, the selling rate for the Euro, fell 7 cents to close at J$142.91 from Tuesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.36 for a rise of $1.72 from the rate on Tuesday. The US dollar equivalent of other currencies traded amounts to US$98,219 being bought, while US$1,112,296, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Wednesday, include a rise of $1 in the highest buying rate for the Canadian Dollar to end at $100.45, a fall in the lowest selling rate of $1.20 to $93. Trading in the British Pound resulted in a 90 cents fall in the highest buying rate to $170.60 and a rise of $1.08 in the highest selling rate to $178.74 and a fall of $1.50 in the lowest selling rate to $162.
Surplus FX continues to rise
Trading in Jamaica’s foreign exchange market on Monday saw reduced flows coming in and out of the market only US$23 million entering and US$19.5 million leaving, as inflows again exceeded outflows as was the case for July and August.
In Monday’s trading, dealers bought US$23,079,436 and sold US$19,531,349 compared to US$42,537,612 purchased and US$33,911,288 sold on Friday, of all currencies.
In US dollar trading, dealers bought US$19,609,026 compared to US$39,102,100 on Friday. The buying rate for the US dollar dropped 77 cents to close at $126.26. A total of US$18,292,586 was sold versus US$31,532,699 on Friday,
with the selling rate rising 6 cents to end at $127.67. The Canadian dollar buying rate rose by 27 cents to $94.64, with dealers buying C$1,398,679 and selling C$727,965 at an average rate that gained 49 cents to $98.03. The average rate for buying the British Pound dropped $1.41 to $165.21 for the purchase of £1,674,712 while £359,434 was sold with the rate that falling 75 cents to end at $168.38.
At the end of trading, the selling rate for the Euro, rose 64 cents to close at J$142.80 from Friday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$141.12 for a jump of $5.13 from the rate on Friday. 
The US dollar equivalent of other currencies traded amounts to US$230,776 being bought, while US$205,828, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Monday, include a rise of $1.20 in the highest buying rate for the Canadian Dollar to $98.70, a fall in the lowest selling rate of $1 to $93. Trading in the British Pound resulted in a $3.50 fall in the highest buying rate to $170.40, a rise of $2.18 in the highest selling rate to close of $177.66 and a fall in the lowest selling rate of 50 cents to $162.
Surplus FX flows continue to grow
At the end of Friday’s trading in Jamaica’s foreign exchange market inflows again exceeded outflows with the sale of the United States currency being $7.6 million less than the amount purchased by dealers, leading to a slight revaluation of the local dollar.
On Friday authorized dealers bought another $8.6 million more than they sold, bringing the net inflows since the end of June, to US$280 million.
In Friday’s trading, dealers bought US$42,537,612 and sold US$33,911,288 compared to US$32,204,317 purchased and US$29,187,613 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$39,102,100 compared to US$29,599,812 on Thursday. The buying rate for the US dollar rose 14 cents to close at $127.03. 
A total of US$31,532,699 was sold versus US$28,195,660 on Thursday, with the selling rate declining 5 cents to end at $127.61. The Canadian dollar buying rate dropped $1.69 to $94.37, with dealers buying C$1,002,532 and selling C$793,772 at an average rate that gained 5 cents to $97.54. The average rate for buying the British Pound rose $1.92 to $166.62 for the purchase of £1,683,642 while £875,310 was sold with the rate that climbing $1.43 to end at $169.13.
At the end of trading, the selling rate for the Euro, dropped $2.35 to close at J$142.16 from Thursday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$135.99 for a fall of 29 cents from the rate on Thursday. The US dollar equivalent of other currencies traded amounts to US$156,176 being bought, while US$123,678, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include a drop of $3 in the highest buying rate for the Canadian Dollar to $97.50, a fall in the highest selling rate of $3.18 to $101.52 while the lowest selling rate climbed by $2 to $94. Trading in the British Pound resulted in a rise of $3.25 in the highest buying rate to $173.90, a rise of $1.41 in the lowest buying rate to close of $136.12 and a gain in the lowest selling rate of $2 to $162.50.
September off with surplus FX
The buoyancy in the foreign exchange market with inflows exceeding which characterized the market in August carried over into September with authorized dealers buying another $3 million more than they sold on Thursday, bringing the net inflows since the end of June, to US$271 million.
In Thursday’s trading, dealers bought US$32,204,317 and sold US$29,187,613 compared to US$38,398,614 purchased and US$35,708,315 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$29,599,812 compared to US$35,926,513 on Wednesday. The buying rate for the US dollar fell 1 cent to close at $126.89. 
A total of US$28,195,660 was sold versus US$31,057,928 on Wednesday, with the selling rate rising 8 cents to end at $127.66. The Canadian dollar buying rate rose $1.55 to $96.06, with dealers buying C$1,513,995 and selling C$629,370 at an average rate that fell $1.25 to $97.49. The average rate for buying the British Pound rose 44 cents to $164.70 for the purchase of £1,003,295 while only £295,065 was sold with the rate that climbing 47 cents to end at $167.70.
At the end of trading, the selling rate for the Euro, jumped $3.56 to close at J$144.51 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$136.28 for a fall of 98 cents from the rate on Wednesday. The US dollar equivalent of other currencies traded amounts to US$156,176 being bought, while US$123,678, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a drop of $19.08 in the lowest selling rate for the US dollar to $103.92. The highest buying rate for the Canadian Dollar jumped $3.30 to close at $100.50, the highest selling rate climbed $3.58 to $104.70 and the lowest selling rate fell by $2.20 to $92. Trading in the British Pound resulted in a rise of $1.05 in the highest buying rate to $170.65, a rise of $1.62 in the highest selling rate to close of $175.28 and a decline in the lowest selling rate of $2 to $160.50.
Surplus FX purchases at US$268M
Foreign exchange inflows continue to exceed sales but by a much smaller margins than for most of August with authorized dealers buying another $2.7 million more than they sold on Wednesday, bringing the net inflows since the end of June, to US$268 million. In Wednesday’s trading, dealers bought US$38,398,614 and sold US$35,708,315 compared to US$42,556,485 purchased and US$31,710,930 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$35,926,513 compared to US$38,239,418 on Tuesday. The buying rate for the US dollar gained 8 cents to close at $126.90.
A total of US$31,057,928 was sold versus US$29,280,909 on Tuesday, with the selling rate rising 6 cents to end at $127.57. The Canadian dollar buying rate dropped $2.60 to $94.51, with dealers buying C$771,704 and selling C$3,689,777 at an average rate that rose 55 cents to $98.74. The average rate for buying the British Pound rose 79 cents to $164.26 for the purchase of £1,406,245 while only £1,092,489 was sold with the rate that climbing $1.42 to end at $167.23.
At the end of trading, the selling rate for the Euro, dropped by $2.72 cents to close at J$140.94 from Tuesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.26 for a rise of 17 cents from the rate on Tuesday. The US dollar equivalent of other currencies traded amounts to US$77,039 being bought, while US$362,552, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Wednesday, include a jump of $19.17 in the lowest selling rate for the US dollar to $123. The highest buying rate for the Canadian Dollar dropped $1.45 to close at $97.20, the highest selling rate fell $1.76 to $101.12 and the lowest selling rate rose $2.20 to $94.20. Trading in the British Pound resulted in a rise of $2.60 in the highest buying rate to $169.60 and a fall of $3.35 in the highest selling rate to close of $173.66.
Surplus FX purchases up to US$265M
Foreign exchange inflows continue to exceed sales by wide margins for the past two months with authorized dealers buying another $10.8 million more than they sold on Tuesday, bringing the net inflows since the end of June, to US$265 million. In Tuesday’s trading, dealers bought US$42,556,485 and sold US$31,710,930 compared to US$63,176,140 purchased and US$47,394,596 sold on Monday, of all currencies.
In US dollar trading, dealers bought US$38,239,418 compared to US$59,700,993 on Monday. The buying rate for the US dollar dipped by 9 cents to close at $126.82. A total of US$29,280,909 was sold versus US$44,268,643 on Monday, with the selling rate rising 7 cents to end at $127.51. 
The Canadian dollar buying rate rose 94 cents to $97.11, with dealers buying C$2,776,775 and selling C$2,485,227 at an average rate that dropped 49 cents to $98.19. The average rate for buying the British Pound rose 49 cents to $163.47 for the purchase of £1,564,410 while only £252,501 was sold with the rate climbed 13 cents to end at $165.81.
At the end of trading, the selling rate for the Euro, fell 9 cents to close at J$143.66 from Monday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.09 for a drop of 87 cents from the rate on Monday. The US dollar equivalent of other currencies traded amounts to US$174,341 being bought, while US$187,808, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Tuesday, include a drop of 62 cents in the lowest buying rate for the Canadian Dollar to close at $78.44 and a fall of $1.30 in the lowest selling rate to $92. Trading in the British Pound resulted in a fall of $1 in the highest buying rate to $167, a fall of $1.58 in the lowest buying rate to close of $136.46 and a rise of $2 in the lowest selling rate to $162.
Monday’s inflows push surplus to US$254M
Foreign exchange inflows continue to exceed sales by wide margins for the past two months,as net inflows grew yet again, with authorized dealers buying another $15.8 million more than they sold on Monday, bringing the net inflows since the end of June, to US$254 million. In Monday’s trading, dealers bought US$63,176,140 and sold US$47,394,596 compared to US$40,765,078 purchased and US$32,968,997 sold on Friday, of all currencies.
In US dollar trading, dealers bought US$59,700,993 compared to US$38,520,593 on Friday. The buying rate for the US dollar climbed 15 cents to close at $126.91.
A total of US$44,268,643 was sold versus US$30,809,968 on Friday, with the selling rate rising 8 cents to end at $127.44. The Canadian dollar buying rate rose 55 cents to $96.17, with dealers buying C$2,398,362 and selling C$2,521,603 at an average rate that rose 14 cents to $98.68. The average rate for buying the British Pound fell $2.29 to $162.98 for the purchase of £1,111,668 while only £293,780 was sold with the rate dropped $1.99 to end at $165.68.
At the end of trading, the selling rate for the Euro, fell 37 cents to close at J$143.75 from Friday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.96 for a fall of $3.15 from the rate on Friday. The US dollar equivalent of other currencies traded amounts to US$230,040 being bought, while US$791,447, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Monday, include a drop of $1.40 in the highest buying rate for the Canadian Dollar to close at $98.60 and a fall of $1.30 in the lowest selling rate to $93.30. Trading in the British Pound resulted in a fall of $1.20 in the highest buying rate to $168 and a fall of $2.50 in the lowest selling rate to close of $160.
More net fx flows on Friday
As authorized dealers bought another $10 million more than they sold on Friday bringing the net inflows since the end of June, to US$238 million as dealers bought US$40,765,078 and sold US$32,968,997 compared to US$42,116,500 purchased and US$34,757,990 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$38,520,593 compared to US$38,450,163 on Thursday. The buying rate for the US dollar slipped 6 cents to close at $126.76. A total of US$30,809,968 was sold versus US$32,644,249 on Thursday, with the selling rate rising 5 cents to end at $127.36. 
The Canadian dollar buying rate rose 1 cent to $95.62, with dealers buying C$816,078 and selling C$789,840 at an average rate that rose 58 cents to $98.54. The average rate for buying the British Pound climbed 63 cents to $164.97 for the purchase of £1,167,267 while £1,014,519 was sold with the rate falling 30 cents to end at $167.97.
At the end of trading, the selling rate for the Euro, rose 54 cents to close at J$144.11 from Thursday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$141.11 for a rise of $1.39 from the rate on Thursday.
The US dollar equivalent of other currencies traded amounts to US$109,799 being bought, while US$209,951, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include a drop of $3.24 in the highest selling rate for the US dollar to $134.30, a rise of $1.60 in the lowest selling rate of the Canadian Dollar to close at $94.60. Trading in the British Pound resulted in a rise of $1.50 in the lowest selling rate to close of $162.50.
More inflows in Ja. FX market
As authorized dealers bought another $7.3 million more than they sold on Thursday bringing the net inflows since the end of June, to US$228 million. In Thursday’s trading, dealers bought US$42,116,500 and sold US$34,757,990 compared to US$48,991,761 purchased and US$30,732,595 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$38,450,163 compared to US$46,332,966 on Wednesday. The buying rate for the US dollar was unchanged at $126.82. A total of US$32,644,249 was sold versus US$28,655,368 on Wednesday, with the selling rate rising 6 cents to end at $127.31.
The Canadian dollar buying rate rose 12 cents to at $95.61, with dealers buying C$976,528 and selling C$516,412 at an average rate that fell 86 cents to $97.96. The average rate for buying the British Pound dropped 74 cents to $164.34 for the purchase of £2,007,388, while £1,030,002 was sold with the rate climbing $1.19 to end at $168.27.
At the end of trading, the selling rate for the Euro, fell 83 cents to close at J$143.57 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$139.72 for a rise of $1.49 from the rate on Wednesday. The US dollar equivalent of other 
currencies traded amounts to US$328,758 being bought, while US$354,975, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a jump of $3.24 in the highest selling rate for the US dollar to $137.54, a decline of $1.15 in the highest buying rate of Canadian Dollar to close at $99.50. Trading in the British Pound resulted in a rise of $1.96 in the highest selling rate to $176.58 and a fall of $1.50 in the lowest selling rate to close of $161.
