Demand for foreign currency declined on Tuesday with only US$25.5 million being purchased by the public. The large trades on Monday seemed to have satisfied end users and resulted in a slight gain for the Jamaican dollar against all the three main currencies. The purchase of all currencies by dealers amounted to the equivalent of US$25,499,013 compared with US$81,922,835, on Monday and selling of the equivalent of US$29,260,764 versus sale of US$75,530,417, previously.
In US dollar trading, dealers bought US$24,763,312 compared to US$79,149,402 on Monday. The buying rate for the US dollar fell 28 cents to $115.54 and US$23,550,793 was sold versus US$73,608,891 on Monday, the selling rate declined by 2 cents to $116.08. The Canadian dollar buying rate rose 7 cents to $93.24 with dealers buying C$965,604 and selling C$513,384, at an average rate that declined $1.59 to $94.87.
The rate for buying the British Pound fell 40 cents to $178.46 for the purchase of £2,342,104, while £870,233, was sold, at an average rate that slipped $2.38 to $179.82. At the end of trading it took J$131.94 to purchase the Euro, 89 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.65 for an fall of 60 cents on Monday’s rate. Other currencies bought, amounted to the equivalent of US$100,864, while the equivalent of US$180,509, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 6 cents to $116.22. The lowest buying rate jumped $2.68 to $94.98, the highest selling rate remained unchanged at $121.71, while the lowest selling rate fell 21 cents to $94.77.
The highest buying rate for the Canadian dollar fell $1 to $95.30. The lowest buying rate was down 37 cents to $76.03, the highest selling rate slipped 14 cents to $99.10 and the lowest selling rate fell 75 cents to $91.30. The highest buying rate for the British Pound, declined 70 cents to $181.80, the lowest buying rate dropped 62 cents to $146.08, the highest selling rate dived $4.97 to $184.15 with the lowest selling rate gaining $1.20 at $175.50.
J$ gains as demand falls
J$ stable vs US Monday
On Monday, the Jamaican dollar held firm against the US dollar, gained on the British pound and the Canadian dollar, as purchases of all currencies by dealers amounted to the equivalent of US$81,922,835 compared with US$29,862,314, on Friday and selling of the equivalent of US$75,530,417 versus sale of US$29,000,152, previously.
In US dollar trading, dealers bought US$79,149,402 compared to US$26,604,631 on Friday. The buying rate for the US dollar rose 25 cents to $115.82 and US$73,608,891 was sold versus US$27,054,347 on Friday, the selling rate was unchanged at $116.10.
The Canadian dollar buying rate slipped $1.43 to $93.17 with dealers buying C$979,814 and selling C$901,592, at an average rate that declined 15 cents to $96.46. The rate for buying the British Pound fell $1.67 to $178.86 for the purchase of £1,199,567, while £653,972, was sold, at an average rate that slipped 35 cents to $182.20. At the end of trading it took J$132.83 to purchase the Euro, 78 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.25 for an increase of 81 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$132,792, while the equivalent of US$146,183, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 34 cents to $116.16. The lowest buying rate declined $2.47 to $92.30,
the highest selling rate rose 27 cents to $121.71, while the lowest selling rate rose 21 cents to $94.98. The highest buying rate for the Canadian dollar fell $1.20 to $96.30. The lowest buying rate was down 58 cents to $76.40, the highest selling rate remained at $99.24 and the lowest selling rate fell 70 cents to $92.05. The highest buying rate for the British Pound, declined 75 cents to $182.50, the lowest buying rate gained 20 cents to $146.70, the highest selling rate climbed $3.58 to $189.12 with the lowest selling rate remaining at $174.30.
J$ slips against US & Pound Friday
On Friday, the Jamaican dollar slipped against the US dollar and British pound and gained against the Canadian dollar, as purchases of all currencies by dealers amounted to the equivalent of US$29,862,314 compared with US$32,964,911, on Thursday and selling of the equivalent of US$29,000,152 versus sale of US$27,642,328, previously.
In US dollar trading, dealers bought US$26,604,631 compared to US$28,792,177 on Thursday. The buying rate for the US dollar rose 10 cents to $115.57 and US$27,054,347 was sold versus US$26,502,659 on Thursday, the selling rate was up 7 cents to $116.10. The Canadian dollar buying rate slipped 9 cents to $94.60 with dealers buying C$1,106,157 and selling C$550,926, at an average rate that declined 67 cents to $96.61. The rate for buying the British Pound jumped $2.45 to $180.53 for the purchase of £1,449,736, while £860,481, was sold, at an average rate that rose 67 cents to $182.55.
At the end of trading it took J$132.05 to purchase the Euro, 39 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.43 for an increase of 37 cents on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$87,807, while the equivalent of US$134,455, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 19 cents to $116.50. The lowest buying, the highest and the lowest selling rates were unchanged at $94.77, $121.44 and $94.77 respectively.
The highest buying rate for the Canadian dollar rose 55 cents to $97.50. The lowest buying rate was up 20 cents to $76.98, the highest selling rate rose just 12 cents to $99.24 and the lowest selling rate gained $1.75 to $92.75. The highest buying rate for the British Pound, rose 60 cents to $183.25, the lowest buying rate gained 42 cents to $146.50, the highest selling rate fell 94 cents to $185.54 with the lowest selling rate rising 74 cents to $174.30.
J$ slips against all on Thursday
On Thursday, the Jamaican dollar slipped against the US dollar, British pound and Canadian dollar, as purchases of all currencies by dealers amounted to the equivalent of US$32,964,911 compared with US$29,494,214, on Wednesday and selling of the equivalent of US$27,642,328 versus sale of US$33,928,300, previously.
In US dollar trading, dealers bought US$28,792,177 compared to US$27,139,403 on Wednesday. The buying rate for the US dollar rose 5 cents to $115.47 and US$26,502,659 was sold versus US$31,570,143 on Wednesday, the selling rate was up 6 cents to $116.03. The Canadian dollar buying rate climbed 42 cents to $94.69 with dealers buying C$1,327,786 and selling C$713,715, at an average rate that rose 37 cents to $97.28. The rate for buying the British Pound fell 95 cents to $179.08 for the purchase of £1,915,229, while £310,883, was sold, at an average rate that rose 75 cents to $181.88.
At the end of trading it took J$131.66 to purchase the Euro, $1.29 more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.06 for an increase of $1.15 on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$130,163, while the equivalent of US$53,985, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 6 cents to $116.31. The lowest buying rate was unchanged at $94.77 and highest selling rate fell $4.46 to $121.44, while the lowest selling rate dropped $18.53 to $94.77 The highest buying rate for the Canadian dollar slipped 10 cents to $96.95.
The lowest buying rate was up 42 cents to $76.78, the highest selling rate rose just 5 cents to $99.12 and the lowest selling rate declined by $1 to $91. The highest buying rate for the British Pound, rose 5 cents to $182.65, the lowest buying rate gained 33 cents to $146.08, the highest selling rate fell $1.41 to $186.48 with the lowest selling rate falling 44 cents to $173.56.
J$ declines on Wednesday
On Wednesday, the Jamaican dollar slipped slightly against the US dollar and aggressively against the British pound and Canadian dollar, as purchases of all currencies by dealers amounted to the equivalent of US$29,494,214 compared with US$37,319,246, on Tuesday and selling of the equivalent of US$33,928,300 versus sale of US$36,844,761, previously.
In US dollar trading, dealers bought US$27,139,403 compared to US$32,364,099 on Tuesday. The buying rate for the US dollar fell 4 cents to $115.42 and US31,570,143 was sold versus US$33,685,585 on Tuesday, the selling rate was up 5 cents to $115.97. The Canadian dollar buying rate declined 93 cents to $94.27 with dealers buying C$711,704 and selling C$646,108, at an average rate that rose $1.06 to $96.91.
The rate for buying the British Pound increased $1.27 to $179.03 for the purchase of £1,032,769, while £754,408, was sold, at an average rate that rose $98 cents to $181.13. At the end of trading it took J$130.37 to purchase the Euro, $1.17 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.91 for an increase of $1.19 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$171,509, while the equivalent of US$639,991, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 13 cents to $116.25. The lowest buying rate added $4.27 to $94.77 and highest selling rate increased $4.46 to $125.90, while the lowest selling rate jumped $18.69 to $113.30.
The highest buying rate for the Canadian dollar rose 40 cents to $97.05. The lowest buying rate was up 50 cents to $76.36, the highest selling rate rose 93 cents $99.07 and the lowest selling rate climbed 30 cents to $92. The highest buying rate for the British Pound, climbed 60 cents to $182.60, the lowest buying rate gained $4.65 to $145.75, the highest selling rate rose $2.50 to $187.89 with the lowest selling rate rising 50 cents to $174.
Healthy flows but J$ slips Tuesday
On Tuesday, the Jamaican dollar slipped slightly against the US dollar and aggressively against the British pound and Canadian dollar as purchases of all currencies by dealers amounted to the equivalent of US$37,319,246 compared with US$51,284,150, on Monday and selling of the equivalent of US$36,844,761 versus sale of US$40,876,396, previously.
In US dollar trading, dealers bought US$32,364,099 compared to US$46,738,177 on Monday. The buying rate for the US dollar rose 10 cents to $115.46 and US$33,685,585 was sold versus US$38,332,897 on Monday, the selling rate was up 6 cents to $115.92. The Canadian dollar buying rate rose $1.22 to $95.20 with dealers buying C$2,449,582 and selling C$2,136,624, at an average rate that rose 49 cents to $95.85.
The rate for buying the British Pound increased $2.43 to $177.76 for the purchase of £1,333,135, while £480,156, was sold, at an average rate that rose $1.79 to $180.15. At the end of trading it took J$129.20 to purchase the Euro, 77 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.71 for a fall of 71 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$882,881, while the equivalent of US$646,260, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 2 cents to $116.12. The lowest buying rate dropped $4.11 to $90.50 and highest selling rate remained at $121.44, while the lowest selling rate declined $18.69 to $94.61.
The highest buying rate for the Canadian dollar rose 90 cents to $96.65. The lowest buying rate was unmoved at $75.86, the highest selling rate dropped 62 cents $98.14 and the lowest selling rate climbed 30 cents to $91.70. The highest buying rate for the British Pound, climbed $1.35 to $182, the lowest buying rate remained at $141.10, the highest selling rate rose $2.17 to $185.39 with the lowest selling rate rising $3.50 to $173.50.
J$ declined moderately on Monday
On Monday, the Jamaican dollar slipped slightly against the US dollar and the British pound and gained against Canadian dollar as purchases of all currencies by dealers amounted to the equivalent of US$51,284,150 compared with US$30,912,231, on Friday and selling of the equivalent of US$40,876,396 versus sale of US$25,107,740, previously.
In US dollar trading, dealers bought US$46,738,177 compared to US$26,664,183 on Friday. The buying rate for the US dollar rose 4 cents to $115.36 and US$38,332,897 was sold versus US$22,768,790 on Friday, the selling rate was up 1 cent to $115.86.
The Canadian dollar buying rate fell 51 cents to $93.98 with dealers buying C$1,976,566 and selling C$1,296,743, at an average rate that fell 33 cents to $95.36 The rate for buying the British Pound declined $1.22 to $175.33 for the purchase of £1,826,519, while £578,004, was sold, at an average rate that rose 26 cents to $178.36. At the end of trading it took J$129.97 to purchase the Euro, 46 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.43 for a fall of 37 cents from Friday’s rate. Other currencies bought, amounted to the equivalent of US$159,772, while the equivalent of US$586,357, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $116.10. The lowest buying rate remained at $94.61 and highest selling rate rose 21 cents to $121.44, while the lowest selling rate jumped $19.45 to $113.30.
The highest buying rate for the Canadian dollar fell 21 cents to $95.75. The lowest buying rate dropped 75 cents to $75.86, the highest selling rate was unmoved at $98.76 and the lowest selling rate climbed $1.40 to $91.40. The highest buying rate for the British Pound, climbed $1.65 to $180.65, the lowest buying rate jumped $17.10 to $141.10, the highest selling rate rose $1.09 to $183.22 with the lowest selling rate rising $1 to $170.
FX levels rise but J$ falls Friday
In US dollar trading, dealers bought US$26,664,183 compared to US$21,139,764 on Thursday. The buying rate for the US dollar rose 11 cents to $115.32 and US$22,768,790 was sold versus US$22,178,470 on Thursday, the selling rate was up 4 cents to $115.85. The Canadian dollar buying rate jumped $1.42 to $94.49 with dealers buying C$1,775,802 and selling C$912,584, at an average rate that fell 29 cents to $95.69. The rate for buying the British Pound jumped $3.70 to $176.54 for the purchase of £1,673,900, while £929,356, was sold, at an average rate that rose $2.62 to $178.10.
At the end of trading it took J$130.42 to purchase the Euro, $1.06 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.80 for a fall of $1.05 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$230,328, while the equivalent of US$156,522, was sold.Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $116.15.
The lowest buying and highest selling rates remained at $94.61 and $121.23 respectively, while the lowest selling rate dropped 76 cents to $93.85. The highest buying rate for the Canadian dollar fell 4 cents to $95.96. The lowest buying rate rose 25 cents to $76.61, the highest selling rate fell 2 cents to $98.76 and the lowest selling rate dropped $2 to $90. The highest buying rate for the British Pound, climbed $2.50 to $179, the lowest buying rate plunged $16.69 to $124, the highest selling rate rose 76 cents to $182.13 with the lowest selling rate falling 50 cents to $169.
Currency volumes normalize Wednesday
Trading in the foreign exchange market return to normal levels on Wednesday after a big jump in the buying and selling volumes on Tuesday. On Wednesday the Jamaican dollar slipped against all it major peers as purchases of all currencies by dealers amounted to the equivalent of US$30,557,484, compared with US$78,256,318, on Tuesday and selling of the equivalent of US$32,121,997 versus sale of US$81,132,131, previously.
In US dollar trading, dealers bought US$26,518,924 compared to US$75,998,214 on Tuesday. The buying rate for the US dollar declined 33 cents to $115.21 and US$30,223,008 was sold versus US$79,709,830 on Tuesday, the selling rate was up 4 cents to $115.80. The Canadian dollar buying rate rose 48 cents to $93.91 with dealers buying C$907,443 and selling C$707,284, at an average rate that rose 64 cents to $96.19. The rate for buying the British Pound gained $1.93 to $174.25 for the purchase of £2,102,100, while £825,265, was sold, at an average rate that crept up 94 cents to $175.75.
At the end of trading it took J$129.51 to purchase the Euro, 33 cents more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.33 for a rise of 70 cents on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$119,641, while the equivalent of US$58,947, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 20 cents to $116. The lowest buying rate declined by $2.86 to $91.50 and highest selling rate remained at $121.23, while the lowest selling rate dropped back by $16.83 to $96.47. The highest buying rate for the Canadian dollar gained 80 cents to $96.80.
The lowest buying rate rose 63 cents at $75.99, the highest selling rate climbed 60 cents to $98.78 and the lowest selling rate gained $1 to $92. The highest buying rate for the British Pound, climbed $1.30 to $176.80, the lowest buying rate rose 25 cents to $140.69, the highest selling rate jumped $11.17 to $190 with the lowest selling rate jumping $2.80 to $172.
J$ steady against US & Canadian
The slippage of the Jamaican dollar was halted on Monday against the US and the Canadian dollar but it rose against the British currencies as purchases of all currencies by dealers amounted to US$45,348,873 equivalent, compared with US$34,733,786, on Friday and selling of the equivalent of US$39,052,916 versus sale of US$32,565,352, previously.
In US dollar trading, dealers bought US$40,589,132 compared to US$32,036,309 on Friday. The buying rate for the US dollar fell 3 cents to $115.18 and US$36,727,675 was sold versus US$30,771,394 on Friday, the selling rate was unchanged at $115.74. The Canadian dollar buying rate jumped $1.37 to $94.19 with dealers buying C$2,570,440 and selling C$1,724,288, at an average rate that remained at $95.43.
The rate for buying the British Pound fell 51 cents to $172.98 for the purchase of £1,664,090, while £397,770, was sold, at an average rate that declined by $1.52 to $174.71. At the end of trading it took J$129.89 to purchase the Euro, 29 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.36 for a rise of 36 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$158,563, while the equivalent of US$303,185, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $116.30. The lowest buying and highest selling rates remained at $94.36 and $120.91 respectively, with the lowest selling rate falling $2.28 to $93.94. The highest buying rate for the Canadian dollar climbed $1.40 to $97.
The lowest buying rate declined by 17 cents to $75.36, the highest selling rate rose 13 cents to $97.50 and the lowest selling rate fell 20 cents to $90.80. The highest buying rate for the British Pound, declined $1 to $176, the lowest buying rate dipped 33 cents to $140.77, the highest selling rate rose $1.18 to $181.47 with the lowest selling rate falling 40 cents to $169.60.
