Authorized dealers added another $4.5 million to the stockpile of foreign exchange on Tuesday, moving the net purchases since the end of June, to US$203 million by Jamaica’s foreign exchange dealers, as the selling rate for the United States dollar moved 4 more Jamaican cents higher.
In Tuesday’s trading, dealers bought US$42,680,027 and sold US$38,124,870 compared to US$52,424,074 purchased and US$42,905,414 sold on Monday, of all currencies.
In US dollar trading, dealers bought US$39,305,076 compared to US$49,240,991 on Monday. The buying rate for the US dollar rose 15 cents to $126.76. A total of US$36,480,180 was sold versus US$40,550,485 on Monday, with the selling rate rising 4 cents to end at $127.24. The Canadian dollar buying rate rose $1.35 to at $96.77, with dealers buying C$1,365,349 and selling C$833,472 at an average rate that dropped 36 cents to $98.76. The average rate for buying the British Pound climbed $1.56 to $163.53 for the purchase of £1,705,938, while £644,243 was sold with the rate climbing 24 cents to end at $167.23.
At the end of trading, the selling rate for the Euro, jumped $1.38 to close at J$145.26 from Monday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$131,957 being bought, while US$150,982 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 jump of $6.76 in the highest selling rate for the US dollar to $141, a decline of $1.49 in the highest selling rate of Canadian Dollar to close at $102.19, a rise of 80 cents in the lowest selling rate to end at $92.80. Trading in the British Pound resulted in a leap of $5.10 in the highest buying rate to $171.50, a rise of 83 cents in the lowest buying rate to $134.88, a jump of $5.58 in the highest selling rate to end at $180, while the lowest selling rate declined by $2 to close of $160.
FX stock pile now US$189M – Friday
Authorized dealers added another $6 million to their stockpile of foreign exchange on Friday moving the net purchases since the end of June, to US$189 million by Jamaica’s foreign exchange dealers as the selling rate for the United States dollar rose again.
In Friday’s trading, dealers bought US$44,787,776 and sold US$38,925,904 compared to US$43,395,032 purchased and US$37,474,064 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$42,010,057 compared to US$39,678,921 on Thursday. The buying rate for the US dollar fell 1 cent to $126.65. A total of US$36,526,935 was sold versus US$35,507,077 on Thursday, with the selling rate rising 5 cents to end at $127.20. The Canadian dollar buying rate fell 54 cents to end at $95.62, with dealers buying C$1,077,564 and selling C$1,486,362 at an average rate that jumped $1.14 to $99.28. The average rate for buying the British Pound climbed $1.01 to $163.53 for the purchase of £1,409,548, while £854,904 was sold with the rate jumping by $1.15 to end at $166.07.
At the end of trading, the selling rate for the Euro, dropped $2.33 to close at J$142.59 from Thursday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$457,288 being bought, while US$411,932 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 $18.80 in the lowest selling rate for the US dollar to $104.20, a rise of 97 cents in the highest selling rate of Canadian Dollar to close at $103.68, a jumped of $5 in the lowest selling rate to end at $95. Trading in the British Pound resulted in a rise of $3.64 in the highest buying rate to $170.74, a rise of $1.91 in the lowest buying rate to $134.88, a rise of $2.48 in the lowest buying rate to end at $175.50 while the lowest selling rate climbed $2 to close of $160.
FX stock pile now US$183M – Thursday
Authorized dealers added $6 million to their stockpile of foreign exchange on Thursday, moving the net purchases since the end of June, to just above US$183 million by Jamaica’s foreign exchange dealers.
In Thursday’s trading, dealers bought US$43,395,032 and sold US$37,474,064 compared to US$45,088,179 purchased and US$44,439,314 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$39,678,921 compared to US$41,895,891 on Wednesday. The buying rate for the US dollar rose 9 cents to $126.66. A total of US$35,507,077 was sold versus US$42,609,761 on Wednesday, with the selling rate rising 3 cents to end at $127.15. The Canadian dollar buying rate fell 25 cents to end at $96.16, with dealers buying C$1,276,184 and selling C$953,348 at an average rate that slipped 26 cents to $98.14. The average rate for buying the British Pound rose 13 cents to $162.52 for the purchase of £1,784,815, while £631,596 was sold with the rate falling by 17 cents to end at $164.92.
At the end of trading, the selling rate for the Euro, rose $1.90 to close at J$144.92 from Wednesday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$457,288 being bought, while US$411,932 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 $19.51 in the lowest selling rate for the US dollar to $123, a fall of $1 in the highest buying rate of Canadian Dollar to close at $99.50, a dropped of $2 in the lowest selling rate to end at $90. Trading in the British Pound resulted in a rise of $1.50 in the highest buying rate to $167.10 and the lowest selling rate fell 60 cents to close of $158.
Stock pile moves just above US$177M – Wednesday
Authorized dealers added under $1 million to their stockpile of foreign exchange on Wednesday, moving the net purchases since the end of June, to just above US$177 million by Jamaica’s foreign exchange dealers.
In Wednesday’s trading, dealers bought US$45,088,179 and sold US$44,439,314 compared to US$49,290,241 purchased and US$37,062,318 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$41,895,891 compared to US$47,271,163 on Tuesday. The buying rate for the US dollar rose 8 cents to $126.57. A total of US$42,609,761 was sold versus US$35,570,768 on Tuesday, with the selling rate rising 9 cents to end at $127.12. The Canadian dollar buying rate rose $1.15 to end at $96.41, with dealers buying C$1,640,529 and selling C$980,057 at an average rate that slipped 4 cents to $98.40. The average rate for buying the British Pound jumped $2.18 to $162.39 for the purchase of £1,307,986, while £745,124 was sold to end at $165.09, for a rise of $1.07.
At the end of trading, the selling rate for the Euro, rose 82 cents to close at J$143.02 from Tuesday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$264,486 being bought, while US$103,202 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 $2.30 in the highest buying rate of the Canadian Dollar to close at $100.50, a jump of $2 in the lowest selling rate to end at $92. Trading in the British Pound resulted in a drop of 80 cents in the highest buying rate to $165.60, the highest selling rate jumped $4.12 to close at $172.80 and lowest selling rate fell 40 cents to close of $158.60.
US$ build up $11m to US$132m – Wednesday
Jamaica’s foreign exchange dealers bought US$11 million more than the amount sold on Wednesday, putting the surplus bought since the end of June to US$132 million, with the rate of the Jamaican dollar rising marginally against the United States currency.
In Wednesday’s trading, dealers bought US$35,858,443 and sold US$24,832,468 compared to US$32,763,938 purchased and US$35,875,715 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$32,777,120 compared to US$29,193,791 on Tuesday. The buying rate for the US dollar rose 16 cents to $125.98. A total of US$23,290,324 was sold versus US$34,459,336 on Tuesday, with the selling rate falling 5 cents to end at $126.66. The Canadian dollar buying rate climbed 18 cents to end at $93.65, with dealers buying C$1,287,555 and selling C$914,662 at an average rate that increased by 96 cents to $96.21. The average rate for buying the British Pound fell 43 cents to $161.18 for the purchase of £1,537,436, while £513,286 was sold to end at a rate of $162.98, for a gain of $1.80.
No rates were posted by Bank Of Jamaica for the Euro, on Wednesday. The US dollar equivalent of other currencies traded amounts to US$145,042 being bought, while US$186,931 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 fall of 85 cents in the highest buying rate of the US dollar to $127.15, a jump of $19.75 in the lowest selling rate to $123, a decline of $1 in the lowest selling rate of Canadian Dollar to close at $88, while trading in the British Pound resulted in a dip of $1.75 in the lowest selling rate to $158.