At the close of trading, the Jamaica dollar rose 19 cents value on Monday for the average rate for the public to buy the US dollar. The local currency also fell in value against the euro but rose against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$42.49 million, versus US$35.38 million on Friday with selling of US$40.81 million compared with US$32.88 million sold on Friday.
In US dollar, trading dealers sold US$37.36 million at an average of $124.55 at the close, compared US$30.04 million at an average of $124.74 on Friday. US currency purchases by dealers, amounted to US$37.34 million, at an average rate of $123.08, compared to Friday, with US$31.20 million, at an average rate of $123.25.
On Monday at midday dealers purchased US$18.49 million at an average rate of J$123.86 and sold US$16.09 million at an average of J$124.60. At mid-day on Friday dealers purchased US$15.16 million at an average rate of J$124.09 while they sold US$10.26 million at an average of J$124.75.
The selling rate for the Canadian dollar fell to J$98.01 from J$100.06 at the close on Friday. The selling rate for the British Pound rose to J$166.70 versus J$167.37 previously and the euro gained value against the Jamaican dollar at J$152.85 to buy the European common currency, versus the prior selling rate of J$150.82.

At the close of trading, the Jamaica dollar lost moderate value on Friday with the average rate for the public to buy the US dollar, rising by less than a cent Jamaican. The local currency also fell in value against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$35.38 million, versus US$33.61 million on Thursday with selling of US$32.88 million compared with US$36.26 million sold on Thursday.
In US dollar, trading dealers sold US$30.04 million at an average of $124.74 at the close, compared US$33.91 million at an average of $124.73 on Thursday. US currency purchases by dealers, amounted to US$31.2 million, at an average rate of $123.25, compared to Thursday, with US$29.01 million, at an average rate of $123.28.
At mid-day on Friday dealers purchased US$15.16 million at an average rate of J$124.09 while they sold US$10.26 million at an average of J$124.75. On Thursday at midday dealers purchased US$11.95 million at an average rate of J$124.11 and sold US$12.29 million at an average of J$124.76.
The selling rate for the Canadian dollar climbed to J$100.06 from J$99.01 at the close on Thursday. The selling rate for the British Pound rose to J$167.37 versus J$166.64 previously and the euro gained value against the Jamaican dollar at J$150.82 to buy the European common currency, versus the prior selling rate of J$150.34.
With market forces resulting in a continuing revaluation of the local currency, Bank of Jamaica announced the continuing suspension of their weekly foreign exchange auction for the next four weeks.

At the close of trading, the Jamaica dollar continued to revalue on Thursday with the average rate for the public to buy the US dollar, declining by 6 cents Jamaican. The local currency also rose against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$33.61 million, versus US$37.26 million on Wednesday with selling of US$36.26 million compared with US$46.19 million sold on Wednesday.
In US dollar, trading dealers sold US$33.91 million at an average of $124.73 at the close, compared US$43.16 million at an average of $124.79 on Wednesday. US currency purchases by dealers, amounted to US$29.01 million, at an average rate of $123.28, compared to Wednesday, with US$32.39 million, at an average rate of $123.12.
On Thursday at midday dealers purchased US$11.95 million at an average rate of J$124.11 and sold US$12.29 million at an average of J$124.76.
The selling rate for the Canadian dollar slipped to J$99.01 from J$99.10 at the close on Wednesday. The selling rate for the British Pound fell to J$166.64 versus J$167.82 previously and the euro gained value against the Jamaican dollar at J$150.34 to buy the European common currency, versus the prior selling rate of J$149.85.

At the close of trading the Jamaica’s Forex market on Wednesday the average rate for the public to buy the US dollar remained below $125 Jamaican but the value slipped against all four major than on Tuesday .
Inflows of all currencies ended at US$37.26 million, versus US$53.25 million on Tuesday with selling of US$46.19 million compared with US$51.48 million sold on Tuesday.
In US dollar, trading dealers sold US$43.16 million at an average of $124.79 at the close, compared US$48.72 million at an average of $124.76 on Tuesday. US currency purchases by dealers, amounted to US$32.39 million, at an average rate of $123.12, compared to Tuesday, with US$48.72 million, at an average rate of $123.29.
The selling rate for the Canadian dollar jumped to J$99.10 from J$96.81 at the close on Tuesday. The selling rate for the British Pound rose to J$167.82 versus J$165.96 previously and the euro gained value against the Jamaican dollar at J$149.85 to buy the European common currency, versus the prior selling rate of J$147.49.

At the close of trading the Jamaica’s Forex market on Tuesday the average rate for the public to buy the US dollar declined below $125 Jamaican and lower than at the close of 2017.
Inflows of all currencies ended at US$53.25 million, versus US$47.75 million on Friday with selling of US$51.48 million compared with US$56.28 million sold on Friday.
In US dollar, trading dealers sold US$48.72 million at an average of $124.76 at the close, compared US$55.06 million at an average of $125 on Friday. US currency purchases by dealers, amounted to US$48.72 million, at an average rate of $123.29, compared to Friday, with US$40.80 million, at an average rate of $123.61.
On Tuesday at midday dealers purchased US$18.05 million at an average rate of J$123.93 and sold US$25.4 million at an average of J$124.87. At mid-day on Friday dealers purchased US$17.6 million at an average rate of J$124.48 while they sold US$9.87 million at an average of J$124.95.
The selling rate for the Canadian dollar dropped to J$96.81 from J$97.39 at the close on Friday. The selling rate for the British Pound fell to J$165.96 versus J$167.03 previously and the euro slipped in value against the Jamaican dollar at J$147.49 to buy the European common currency, versus the prior selling rate of J$147.52.

At the close of trading the Jamaica’s Forex market on Friday the average rate for the public to buy the US dollar declined to $125 Jamaican for the first time since May 17, 2016, when the rate was $124.80.
Inflows of all currencies ended at US$47.75 million, versus US$75.53 million on Thursday with selling of US$56.28 million compared with US$82.73 million sold on Thursday. Total purchases for December came to US1.055 billion while the dealers sold a similar amount in all currencies.
In US dollar ,trading dealers sold US$55.06 million at an average of $125 at the close, compared US$73.32 million at an average rate of $125.09 on Thursday. US currency purchases by dealers, amounted to US$40.80 million, at an average rate of $124.06, compared to Thursday, with US$65.24 million at $124.06.
On Friday at midday dealers purchased US$17.6 million at an average rate of J$124.48 and sold US$9.87 million at an average of J$124.95. At mid-day on Thursday dealers purchased US$26.33 million at an average rate of J$124.45 while they sold US$24.36 million at an average of J$124.99.
The selling rate for the Canadian dollar dropped to J$97.39 from J$99.87 at the close on Thursday. The selling rate for the British Pound rose to J$167.03 versus J$164.20 previously and the euro gained in value against the Jamaican dollar at J$147.52 to buy the European common currency, versus the prior selling rate of J$146.75.

Chart show that the Jamaican dollar could go back to 120 to US dollar in 2018.

With the Jamaica’s Forex market closed for the Christmas holiday dealers’ on Wednesday, purchased US$76.84 million, versus US$46.49 million on Friday of all currencies and sold US$62.63 million compared with US$51.79 million sold on Friday.
In US dollar ,trading dealers sold US$56.68 million at an average of $125.12 at the close compared US$45.45 million at an average rate of $125.22 on Friday. US currency purchases by dealers, amounted to US$69.43 million on Wednesday, at an average rate of $123.90, compared to Friday, with US$39.05 million at $123.95.
On Wednesday at midday dealers purchased US$21.98 million at an average rate of J$124.21 and sold US$16.75 million at an average of J$125.11. At mid-day on Friday dealers purchased US$11.56 million at an average rate of J$124.12 while they sold US$11.66 million at an average of J$125.05.
The selling rate for the Canadian dollar dipped to J$98.40 from J$98.95 at the close on Friday. The selling rate for the British Pound fell to J$166.53 versus J$167.57 previously and the euro rose in value against the Jamaican dollar at J$150.38 to buy the European common currency, versus the prior selling rate of J$148.19.

The rate for exchanging the Jamaican dollar against the US dollar, dropped by 21 cents in foreign currency trading on Thursday, with total inflows of all foreign currencies less than outflows as dealers continue to offload excess funds.
The public bought the US dollar at $125.34 with dealers selling US$60.19 million in US currency, compared US$60.97 million at an average rate of $125.55 on Wednesday. US currency purchases by dealers, amounted to US$47.45 million on Thursday, at an average rate of $124.23, compared to Wednesday, with US$49.36 million at $124.35.
On Thursday at midday dealers purchased US$17.14 million at an average rate of J$124.66 and sold US$10.63 million at an average of J$125.27. At mid-day on Wednesday dealers purchased US$13.65 million at an average rate of J$124.76 while they sold US$17.02 million at an average of J$125.61.
Dealers’ purchased US$51.81 million, versus US$53.56 million on Wednesday in all currencies, in Jamaica’s Forex market and sold US$62.42 million compared with US$63.79 million sold, previously.
The selling rate for the Canadian dollar declined to J$96.33 from J$96.78 at the close on Wednesday. The selling rate for the British Pound declined to J$167.37 versus J$168.00 previously and the euro rose in value against the Jamaican dollar at J$150.67 to buy the European common currency, versus the prior selling rate of J$149.28.