Purchase of all currencies by dealers exceeded the amounts sold by US$5 million on Friday and by $4 million on Monday. Changes in the rates were mixed on Monday with the Jamaican dollar easing slightly versus the US dollar and sliding a bit against the Canadian but the Jamaican gained ground on the Pound. Dealers bought the equivalent of US$42,299,523 compared with US$36,853,492, on Friday while they sold the equivalent of US$37,983,946 versus US$ $31,821,560 previously.
In US dollar trading, dealers bought US$39,031,074 compared to US$34,602,528 on Friday. The buying rate for the US dollar fell 10 cents at $115.68 and US$36,387,817 was sold versus US$30,415,132 on Friday, the selling rate rose 1 cent to $116.23.
The Canadian dollar buying rate fell 1 cent to $90.46 with dealers buying C$1,087,438 and selling C$683,0624, at an average rate that rose 17 cents to $93.22. The rate for buying the British Pound fell 90 cents to $174.23 for the purchase of £1,413,526, while £597,187, was sold, at an average rate that eased by 79 cents to $177.45. At the end of trading it took J$129.12 to purchase the Euro, $1.93 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.69 for $1.78 less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$289,244, while the equivalent of US$136,644, was sold.
Highs & Lows| The highest buying rate for the US dollar was unchanged at $116.40, the lowest buying rate dropped $1.70 to $88.06, the highest selling rate remained unchanged at $121.98, but the lowest selling rate fell $1.88 to $95.19.
The highest buying rate for the Canadian dollar rose 90 cents to $94, the lowest buying rate slipped 25 cents to $73.62, the highest selling rate rose $1.94 at $96.50 and the lowest selling rate declined $1.30 to $88.70. The highest buying rate for the British Pound, slipped 50 cents to $178.50, the lowest buying rate closed down $8.18 to $135, with the highest selling rate rising $1.94 to $183.24 with the lowest selling rate declining $1.25 to $171.25.
Buying exceeds selling for second day
J$ stable against US$ on Wednesday
Purchase of all currencies by dealers, amounted to the equivalent of US$23,652,668 on Wednesday compared with US$29,566,209, on Tuesday. Dealers sold the equivalent of US$30,343,409 versus US$34,947,602 previously, as the Jamaican dollar was stable against the US dollar but fell in value versus the Pound and Canadian dollar at the end of trading.
In US dollar trading, dealers bought US$21,643,631 compared to US$24,221,951 on Tuesday. The buying rate for the US dollar fell 10 cents at $115.43 and US$27,817,822 was sold versus US$32,246,014 on Tuesday, the selling rate remained at $116.12.
The Canadian dollar buying rate fell 59 cents to $90.84 with dealers buying C$712,047 and selling C$1,155,983, at an average rate that climbed $1 to $93.82. The rate for buying the British Pound declined $1.19 to $174.71 for the purchase of £915,729, while £815,969, was sold, at an average rate that climbed 66 cents to $177.78. At the end of trading it took J$129.23 to purchase the Euro, $2.68 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.64 for $2.58 more Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$62,758, while the equivalent of US$342,336, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents t0 $116.35, the lowest buying rate jumped $5.84 to $95.19. The highest selling and the lowest selling rates remained unchanged $121.98 and $113.30 respectively. The highest buying rate for the Canadian dollar declined 15 cents to $93.50.
The lowest buying rate fell 54 cents to $73.16, the highest selling rate declined 30 cents to $96.20 and the lowest selling rate rose 50 cents to $89.30. The highest buying rate for the British Pound, fell 44 cents to $178.36, the lowest buying rate closed at $142.88, up 87 cents, the highest selling rate rose $1.40 to $184.20 with the lowest selling rate jumping $8.80 to $173.80.
J$ mostly stable on Tuesday
Purchase of all currencies by dealers, amounted to the equivalent of US$29,566,209 on Tuesday compared with US$47,377,158, on Monday. Dealers sold the equivalent of US$34,947,602 versus US$47,123,153 previously, as the Jamaican was fairly stable at the end of trading.
In US dollar trading, dealers bought US$24,221,951 compared to US$43,312,675 on Monday. The buying rate for the US dollar fell 5 cents at $115.53 and US$32,246,014 was sold versus US$44,182,307 on Monday, the selling rate fell 1 cent to $116.12.
The Canadian dollar buying rate rose 4 cents to $91.43 with dealers buying C$1,356,807 and selling C$890,766, at an average rate that inched down 20 cents to $92.82. The rate for buying the British Pound climbed 1.95 to $175.89 for the purchase of £2,293,954, while £899,414, was sold, at an average rate that climbed 86 cents to $177.13. At the end of trading it took J$126.55 to purchase the Euro, 76 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.06 for 82 cents down from Monday’s rate. Other currencies bought, amounted to the equivalent of US$777,967, while the equivalent of US$617,682, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained unchanged at $116.30, the lowest buying rate dropped $5.63 to $89.35, the highest selling rates rose 27 cents to and $121.98.
The lowest selling rate jumped $18.32 to $113.30. The highest buying rate for the Canadian dollar rose 15 cents to $93.65. The lowest buying rate fell 17 cents to $73.70, the highest selling rate rose 30 cents to $96.50 and the lowest selling rate fell 20 cents to $88.80. The highest buying rate for the British Pound, climbed 30 cents to $178.80, the lowest buying rate closed at $142.01, down 50 cents, the highest selling rate fell 92 cents to $182.80 with the lowest selling rate diving $6.70 to $165.
J$ mostly stable on Monday
Purchase of all currencies by dealers, amounted to the equivalent of US$47,377,158 on Monday compared with US$35,027,214, on Friday they sold the equivalent of US$47,123,153 versus sale of US$37,165,779 previously, as the Jamaican was fairly stable in trading.
In US dollar trading, dealers bought US$43,312,675 compared to US$31,693,062 on Friday. The buying rate for the US dollar fell 6 cents at $115.58 and US$44,182,307 was sold versus US$35,366,192 on Friday, the selling rate inched up 1 cent to $116.13.
The Canadian dollar buying rate rose 47 cents to $91.39 with dealers buying C$2,246,955 and selling C$2,486,972, at an average rate that inched down 14 cents to $93.02. The rate for buying the British Pound dropped $2.02 to $173.94 for the purchase of £1,345,949, while £480,987, was sold, at an average rate that declined by $1.30 to $176.27. At the end of trading it took J$127.31 to purchase the Euro, 53 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.88 for 56 cents more than Friday’s rate. Other currencies bought, amounted to the equivalent of US$262,094, while the equivalent of US$218,753, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $116.30, $94.98 and $121.71 respectively. The lowest selling rate dropped $18.32 to $94.98.
The highest buying rate for the Canadian dollar rose 45 cents to $93.50. The lowest buying rate gained 17 cents to $73.87, the highest selling rate fell 70 cents to $96.20 and the lowest selling rate fell $1 to $89. The highest buying rate for the British Pound, declined 5 cents to $178.50, the lowest buying rate closed at $142.51, up 8 cents, the highest selling rate climbed $2.93 to $183.72 with the lowest selling rate rising 98 cents to $171.70.
J$ mostly stable on Friday
Purchase of all currencies by dealers, amounted to the equivalent of US$35,027,214 on Friday compared with US$35,830,645, on Thursday they sold the equivalent of US$37,165,779 versus sale of US$40,929,461 previously, as the Jamaican was fairly stable in trading.
In US dollar trading, dealers bought US$31,693,062 compared to US$31,357,331 on Thursday. The buying rate for the US dollar is up 4 cents at $115.64 and US$35,366,192 was sold versus US$37,143,967 on Thursday, the selling rate is unchanged at $116.12. The Canadian dollar buying rate fell $1.25 to $90.92 with dealers buying C$1,102,498 and selling C$1,073,281, at an average rate that inched down 1 cent to $93.16.
The rate for buying the British Pound dropped 75 cents to $175.96 for the purchase of £1,481,732, while £446,276, was sold, at an average rate that rose 16 cents to $177.57. At the end of trading it took J$126.78 to purchase the Euro, 51 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.33 for 49 cents more than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$212,700, while the equivalent of US$256,063, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $116.30 and so did the lowest buying rate that traded at $94.98 and the highest selling rate that remained unchanged at $121.71. The lowest selling rate jumped $21.80 to $113.30. The highest buying rate for the Canadian dollar fell 20 cents to $93.05.
The lowest buying rate declined 21 cents to $73.70, the highest selling rate rose 40 cents to $96.90 and the lowest selling rate gained 70 cents to $90. The highest buying rate for the British Pound, declined 49 cents to $178.55, the lowest buying rate closed at $142.43, down 50 cents, the highest selling rate dropped $3.31 to $180.79 with the lowest selling rate falling 28 cents to $170.72.
J$ suffers losses on Thursday
Purchase of all currencies by dealers, amounted to the equivalent of US$35,830,645 on Thursday compared with US$34,384,758, on Wednesday they sold the equivalent of US$40,929,461 versus sale of US$41,745,870 previously, as the Jamaican suffered mostly losses in trading.
In US dollar trading, dealers bought US$31,357,331 compared to US$30,900,997 on Wednesday. The buying rate for the US dollar was unchanged at $115.60 and US$37,143,967 was sold versus US$39,876,181 on Wednesday, the selling rate rose 1 cent to end at $116.12.
The Canadian dollar buying rate rose $1.03 to $92.17 with dealers buying C$2,528,148 and selling C$3,242,100, at an average rate that inched up 12 cents to $93.17. The rate for buying the British Pound gained $1.10 to $176.71 for the purchase of £1,514,771, while £460,679, was sold, at an average rate that slipped 41 cents to $177.41. At the end of trading it took J$126.27 to purchase the Euro, 26 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.83 for a fall of 9 cents from Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$141,955, while the equivalent of US$480,139, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 70 cent to $116.30. The lowest buying rate jumped $5.29 to $94.98, but the highest selling rate was unchanged at $121.71 and the lowest selling rate dropped $21.80 to $91.50.
The highest buying rate for the Canadian dollar fell just 5 cents to $93.25. The lowest buying rate declined 29 cents to $73.91, the highest selling rate remained at $96.50 and the lowest selling rate fell 10 cents to $89.30. The highest buying rate for the British Pound, declined 10 cents to $179.04, the lowest buying rate closed at $142.93, down 37 cents, the highest selling rate dropped 64 cents to $ 184.10 with the lowest selling rate falling $1.65 to $171.
J$ makes gains on Wednesday
Purchase of all currencies by dealers, amounted to the equivalent of US$34,384,758 on Wednesday compared with US$37,791,833, on Tuesday and selling, the equivalent of US$41,745,870 versus sale of US$47,446,182, previously as the Jamaican gained in trading.
In US dollar trading, dealers bought US$30,900,997 compared to US$33,833,409 on Tuesday. The buying rate for the US dollar rose 15 cents to $115.60 and US$39,876,181 was sold versus US$44,463,077 on Tuesday, the selling rate was unchanged at $116.11.
The Canadian dollar buying rate dropped 21 cents to $91.14 with dealers buying C$922,677 and selling C$677,514, at an average rate that fell 75 cents to $93.05. The rate for buying the British Pound fell $1.23 to $175.61 for the purchase of £1,295,130, while £463,591, was sold, at an average rate that slipped $2.06 to $177.82. At the end of trading it took J$126.54 to purchase the Euro, $1.45 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.92 for a fall of $1.79 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$788,872, while the equivalent of US$616,774, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 70 cent to $117. The lowest buying rate dropped $1.41 to $89.69, but the highest selling rate was unchanged at $121.71 and the lowest selling rate jumped $18.32 to $113.30.
The highest buying rate for the Canadian dollar fell 90 cents to $93.30. The lowest buying rate declined $1.12 to $74.20, the highest selling rate lost 60 cents to $96.50 and the lowest selling rate fell $1.10 to $89.40. The highest buying rate for the British Pound, declined $1.06 to $179.14, the lowest buying rate closed at $143.30, down $1.33, the highest selling rate dropped $1.71 to $184.74 with the lowest selling rate falling $1.35 to $172.65.
J$ makes gains on Tuesday
Purchase of all currencies by dealers after the labour day holiday, amounted to the equivalent of US$37,791,833 on Tuesday compared with US$46,758,067, on Friday and selling, the equivalent of US$47,446,182 versus sale of US$40,993,978, previously.
In US dollar trading, dealers bought US$33,833,409 compared to US$44,452,045 on Friday. The buying rate for the US dollar fell 33 cents to $115.45 and US$44,463,077 was sold versus US$39,857,108 on Friday, the selling rate increased by 1 cent to $116.11.
The Canadian dollar buying rate dropped $1.25 to $91.35 with dealers buying C$1,028,480 and selling C$554,891, at an average rate that fell $1.19 to $93.78. The rate for buying the British Pound fell $1.17 to $176.84 for the purchase of £1,952,202, while £1,426,205, was sold, at an average rate that slipped 90 cents to $179.88. At the end of trading it took J$127.99 to purchase the Euro, $1.16 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.72 for a fall of $1.02 on Friday’s rate. Other currencies bought, amounted to the equivalent of US$154,318, while the equivalent of US$325,559, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 1 cent to $116.30. The lowest buying, dropped $3.88 to $91.10, but the highest and the lowest selling rates were unchanged at $121.71 and $94.98 respectively.
The highest buying rate for the Canadian dollar fell $1.60 to $94.20. The lowest buying rate remained at $75.32, the highest selling rate lost $1.60 to $97.10 and the lowest selling rate fell 25 cents to $90.50. The highest buying rate for the British Pound, declined $2.31 to $180.20, the lowest buying rate closed unchanged at $144.63, the highest selling rate climbed $1.43 to $186.45 with the lowest selling rate falling 25 cents to $174.
J$ makes gains on Friday
Trading on Friday in the foreign exchange market saw buoyant flows to end off the week as inflows were more than the amount sold by dealers and resulted in slight appreciation of the Jamaican dollar. The purchase of all currencies by dealers amounted to the equivalent of US$46,758,067 compared with US$34,195,247, on Thursday and selling, the equivalent of US$40,993,978 versus sale of US$65,454,392, previously.
In US dollar trading, dealers bought US$44,452,045 compared to US$30,929,977 on Thursday. The buying rate for the US dollar rose 9 cents to $115.78 and US$39,857,108 was sold versus US$64,242,043 on Thursday, the selling rate declined by 2 cents to $116.10. The Canadian dollar buying rate rose 28 cents to $92.60 with dealers buying C$760,341 and selling C$523,539, at an average rate that fell 25 cents to $94.97.
The rate for buying the British Pound fell $1.60 to $178.01 for the purchase of £1,001,924, while £370,134, was sold, at an average rate that slipped 5 cents to $180.78. At the end of trading it took J$129.15 to purchase the Euro, 23 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.74 for a rise of 19 cents on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$157,447, while the equivalent of US$132,292, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 4 cents to $116.31.
The lowest buying, the highest and the lowest selling rates were unchanged at $94.98, $121.71 and $94.98 respectively. The highest buying rate for the Canadian dollar rose 70 cents to $95.80. The lowest buying rate fell 4 cents at $75.32, the highest selling rate gained $1.54 to $98.70 and the lowest selling rate fell 5 cents to $90.75. The highest buying rate for the British Pound, rose 61 cents to $182.51, the lowest buying rate closed unchanged at $144.63, the highest selling rate fell 50 cents to $185.02 with the lowest selling rate remained unchanged at $174.25.
FX demand rises J$ falters Wednesday
Demand for foreign currency climbed on Wednesday with US$43 million being purchased by the public and resulted in a slight decline for the Jamaican dollar against all the three main currencies the Jamaican dollar usually trades against. The purchase of all currencies by dealers amounted to the equivalent of US$40,851,340 compared with US$25,499,013, on Tuesday and selling, the equivalent of US$44,427,944 versus sale of US$29,260,764, previously.
In US dollar trading, dealers bought US$38,957,982 compared to US$24,763,312 on Tuesday. The buying rate for the US dollar rose 18 cents to $115.72 and US$42,974,812 was sold versus US$23,550,793 on Tuesday, the selling rate increased by 3 cents to $116.11. The Canadian dollar buying rate declined 88 cents to $92.36 with dealers buying C$466,971 and selling C$524,583, at an average rate that rose 38 cents to $95.25.
The rate for buying the British Pound fell 59 cents to $177.87 for the purchase of £931,844, while £623,692, was sold, at an average rate that rose 5 cents to $179.87. At the end of trading it took J$129.17 to purchase the Euro, $2.78 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.64 for a fall of $3 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$88,288, while the equivalent of US$56,655, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 8 cents to $116.30. The lowest buying, the highest and the lowest selling rates were unchanged at $94.98, $121.71 and $94.77 respectively.
The highest buying rate for the Canadian dollar fell 50 cents to $94.80. The lowest buying rate was down 67 cents to $75.36, the highest selling rate slipped $1.10 to $98 and the lowest selling rate rose 70 cents to $92. The highest buying rate for the British Pound, declined $1.50 to $180.30, the lowest buying rate dropped $1.45 to $144.63, the highest selling rate climbed $2.30 to $186.45 with the lowest selling rate being unchanged at $175.50.