BOJ buys $5m at J$133.65

The rate Bank of Jamaica paid on Wednesday, July 25 to purchase US$5 million in the B-FXITT Standard Intervention Tool – buy operation average J$133.65.
Eligible dealers placed bids to buy only $5.5 million with the highest priced offer at 137.24 to sell $200,000 and the lowest at $126 for $200,000. BOJ purchased funds as high as $137.10 amounting 40 percent of the amount offered while the amount of $350,000 that was offered at $137 was fully taken up. Eligible Offers were received from 19 sellers while 18 had funds bought.
The central bank will buy US$5 on Wednesday July 31 and August 8 and will sell $10 million to the market on August 19.

BOJ sale swells volume in forex market

Bank Of Jamaica intervened in the forex market on Monday by selling into the system, helping to swell the amounts traded to nearly $80 million. The intervention did not stop slippage in the Jamaican dollar as it fell in value against the US and the British Pound, but gained on Canadian dollar, on Monday. Purchase of all currencies by dealers, translated to US$79,904,490 compared with the US$36,907,493, on Friday and selling of the equivalent of US$79,481,863 versus US$31,955,892 sold on Friday.
FX sum 26-1-15 In US dollar trading, dealers bought US$75,875,427 compared to US$32,907,129 on Friday. The buying rate for the US dollar rose 25 cents to $115.46 and US$74,047,298 was sold versus US$29,758,416 on Friday, with the selling rate climbing 3 cents to $115.75. The Canadian dollar buying rate lost $1.76 to $90.41 with dealers buying C$1,149,455, and selling C$818,541, at an average selling rate that dropped 43 cents, to $92.98. The rate for buying the British Pound rose 21 cents to $171.79 for the purchase of £1,963,437, while £2,926,101 was sold, the rate rose 82 cents to $174.15. At the end of trading it took J$130.19 to purchase the Euro, $1.70 lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.67, $1.63 lower than on Friday. Other currencies bought, amounted to the equivalent of US$207,763 while the equivalent of US$374,464, was sold.
FX hl 26-1-15Highs & Lows| The highest buying rate for the US dollar, climbed 95 cents to $117 and the lowest buying rate rose 12 cents to $94.31. The highest selling rate moved up 6 cents to $120.91, while the lowest selling rate dropped $18.76 to $94.19. The highest buying rate for the Canadian dollar fell 9 cents to $94, the lowest buying fell 17 cents to $73.87. The highest selling rate fell $1 to $97 and the lowest selling rate eased 20 cents to $89. The highest buying rate for the British Pound, declined 50 cents to $174.40. The lowest buying rate dropped $1.95 to $138.61, the highest selling rate climbed 44 cents to $178.69 and the lowest selling rate declined $2.20 to $167.

Bank of Jamaica tames market with big sale

BankofJamaicaBOJBank of Jamaica’s announcement on Wednesday that they would intervene in the forex market on Thursday, led to heavy volume of US dollar being bought and sold, with dealers buying US$79.2 million and selling US$75 million, the rate for selling the US dollar slipped back by 3 cents Jamaican to J$112.71, compared with J$112.74 on Wednesday.
FX sum 10-7-14On Thursday, dealers bought the equivalent of $81,413,723 versus US$30,976,689 on Wednesday and they sold the equivalent of US$76,753,326 compared to US$27,377,149 sold on the previous trading day.
In US dollar trading, dealers bought US$79,215,627 compared to US$27,065,797 on Wednesday as the buying rate for the US dollar rose 36 cents to $112.50 and sold US$75,110,656 versus US$29,837,045 on Wednesday, with the rate falling 3 cents to $112.71.
The Canadian dollar buying rate fell 33 cents, to $102.79 with dealers buying only C$749,467 and selling even less, C$510,916 as the rate declined, 56 cents to $105.99.
The Pound closed at $189.20, for the purchase of £751,860, the rate declined 19 cents, while £341,356 was sold, with the rate unchanged at $192.97. Other currencies bought, amounted to the equivalent of US$248,856 while selling was the equivalent of just US$577,766.
FX hl -10-7-14Highs & Lows| The highest rate for buying the US dollar fell 5 cents to $113.20, the lowest buying and the highest selling rates were unchanged at $92.02 and $117.91 respectively and the lowest selling rate rose $16.33 to $109.80.
The highest buying rate for the Canadian dollar was up by 10 cents, to $106.20 and the lowest buying rate was unchanged at $83.83. The highest selling rate fell 32 cents, to $108.07 and lowest selling rate was unchanged, at $101.
The highest buying rate for the British Pound, fell 35 cents to $193.30, while the lowest buying rate was unchanged, at $154.75 and the highest selling rate climbed by $3.22, to $199.56, the lowest selling rate was rose $1.35 cents, to $186.45.