Forex inflows drop to US$33M – Thursday

Trading in the Jamaican foreign exchange market on Thursday resulted much lower inflows of US$32.94 million in contrast to US$43.52 million on Wednesday and outflows of US$32.74 million compared to US$32.38 million of all currencies previously.
Approximately, 25 percent of the intake is surrendered by dictate to Bank of Jamaica and would amount to $8 million based on Thursdays trading.
In USA dollar trading, inflows ended at US$27.59 million versus US$38.58 million on Wednesday with outflows of US$26.19 million compared to US$27 million.
The value of the Jamaican dollar fell in value against the US dollar, with the selling rate ending at J$128.51 from J$128.49 previously. Dealers bought the US currency at an average of J$127.15, versus J$127.32 on Wednesday.
The selling rate for the Canadian dollar rose to J$101.69 from J$101.54 at the close on Wednesday while the British Pound was less costly, with J$164.96 buying the British currency versus J$165.40 and the euro, receded in value against the Jamaican dollar, with it taking J$149.92 to buy the European common currency, versus J$151.97 previously.

Forex inflows falls to US$43.5M – Wednesday

Trading in the Jamaican foreign exchange market on Wednesday resulted inflows of US$43.52 million in contrast to US$53.68 million on Tuesday and outflows of US$32.38 million compared to US$37.34 million of all currencies previously.
Approximately, 25 percent of the intake is to be surrendered by dictate to Bank of Jamaica and would amount to $11 million, which is line with the net inflows of $11 million.
In USA dollar trading, inflows ended at US$38.58 million versus US$47.98 million on Tuesday with outflows of US$27.58 million compared to US$33.04 million.
The value of the Jamaican dollar fell in value against the US dollar, with the selling rate ending at J$128.49 from J$128.23 previously. Dealers bought the US currency at an average of J$127.32, versus J$127.22 on Tuesday.
The selling rate for the Canadian dollar slipped to J$101.54 from J$101.82 at the close on Tuesday while the British Pound was slightly less costly at the close, with J$165.40 buying the British currency versus J$165.60 and the euro, gained in value against the Jamaican dollar, with it taking J$151.97 to buy the European common currency, versus J$151.80 previously.

Forex inflows jump to US$54M – Tuesday

Trading in the Jamaican foreign exchange market on Tuesday resulted inflows of US$53.68 million in contrast to US$30.45 million on Monday and outflows of US$37.34 million compared to US$27.05 million of all currencies previously.
Approximately, 25 percent of the intake is surrendered by dictate to Bank of Jamaica and would amount to $13 million, which is more than the percentage of the net inflows equal to $16 million.
In USA dollar trading, inflows ended at US$47.98 million versus US$25.6 million on Monday with outflows of US$33.04 million compared to US$24.65 million.
The value of the Jamaican dollar rose in value against the US dollar, with the selling rate ending at J$128.23 from J$128.40 previously. Dealers bought the US currency at an average of J$127.22, versus J$127.01 on Monday.
The selling rate for the Canadian dollar slipped to J$101.82 from J$101.85 at the close on Monday while the British Pound was slightly more costly at the close, with J$165.60 buying the British currency versus J$165.57 and the euro, gained in value against the Jamaican dollar, with it taking J$151.80 to buy the European common currency, versus J$150.48 previously.

Forex inflows drop to US$30M – Monday

Trading in the Jamaican foreign exchange market on Monday resulted inflows of US$30.45 million in contrast to US$47.01 million on Friday and outflows of US$27.05 million compared to US$39.89 million of all currencies previously.
Approximately, 25 percent of the intake is to be surrendered by dictate to Bank of Jamaica and would amount to $7.6 million, which is well short of the net inflows of $4 million.
In USA dollar trading, inflows ended at US$25.6 million versus US$38.25 million on Friday with outflows of US$24.65 million compared to US$30.84 million.
The value of the Jamaican dollar rose in value against the US dollar, with the selling rate ending at J$128.40 from J$128.55 previously. Dealers bought the US currency at an average of J$127.01, versus J$127.38 on Friday.
The selling rate for the Canadian dollar climbed to J$101.85 from J$101.83 at the close on Friday while the British Pound was less costly at the close, with J$165.57 buying the British currency versus J$166.34 and the euro, declined in value against the Jamaican dollar, with it taking J$150.48 to buy the European common currency, versus J$150.77 previously.

Forex inflows in at US$47M – Friday

Trading in the Jamaican foreign exchange market on Friday resulted inflows of US$47.01 million in contrast to US$48.44 million on Thursday and outflows of US$39.89 million compared to US$37.65 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $12 million, which is well short of the net inflows of $7 million.
In USA dollar trading, inflows ended at US$38.25 million versus US$42.03 million on Thursday with outflows of US$30.84 million compared to US$34.14 million.
The value of the Jamaican dollar slipped in value against the US dollar, with the selling rate ending at J$128.55 from J$128.44 previously. Dealers bought the US currency at an average of J$127.38, versus J$127.36 on Thursday.
The selling rate for the Canadian dollar climbed to J$101.83 from J$101.30 at the close on Thursday while the British Pound was less costly at the close, with J$166.34 buying the British currency versus J$167.68 and the euro, declined in value against the Jamaican dollar, with it taking J$150.77 to buy the European common currency, versus J$151.67 previously.

Forex inflows down to US$48M – Thursday

Trading in the Jamaican foreign exchange market on Thursday resulted inflows of US$48.44 million in contrast to US$57.76 million on Wednesday and outflows of US$37.65 million compared to US$45.81 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $12 million, which is almost in line with the net inflows.
In USA dollar trading, inflows ended at US$42.03 million versus US$48.22 million on Wednesday, with outflows of US$34.14 million compared to US$40.11 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate ending at J$128.44 from J$128.36 previously. Dealers bought the US currency at an average of J$127.36, versus J$127.39 on Wednesday.
The selling rate for the Canadian dollar climbed to J$101.30 from J$101.01 at the close on Wednesday, while the British Pound was more costly at the close, with J$167.68 buying the British currency versus J$167.14 and the euro, declined in value against the Jamaican dollar, with it taking J$151.67 to buy the European common currency , versus J$151.74 previously.

Forex inflows still high – Wednesday

Trading in the Jamaican foreign exchange market on Wednesday resulted inflows of US$57.76 million in contrast to US$69.11 million on Tuesday and outflows of US$45.81 million compared to US$45.43 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $14 million, US$2 million more than the net inflows of US$12 million.
In USA dollar trading, inflows ended at US$48.22 million versus US$60.09 million on Tuesday, with outflows of US$40.11 million compared to US$39.85 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate ending at J$128.36 from J$128.28 previously. Dealers bought the US currency at an average of J$127.39, versus J$127.21 on Tuesday.
The selling rate for the Canadian dollar dropped to J$101.01 from J$102.02 at the close on Tuesday, while the British Pound was slightly less costly at the close, with J$167.14 buying the British currency versus J$167.15 and the euro, rose in value against the Jamaican dollar, with it taking J$151.74 to buy the European common currency , versus J$151.31 previously.

Jamaican dollar slips slightly – Tuesday

Trading in the Jamaican foreign exchange market resumed on Tuesday after the holiday on Monday and resulted inflows of US$69.11 million in contrast to US$44.65 million on Friday and outflows of US$45.43 million compared to US$35.11 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $17 million, US$6 million less than the net inflows of US$23.68 million.
In USA dollar trading, inflows ended at US$60.09 million versus US$36.97 million on Friday, with outflows of US$39.85million compared to US$28.73 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.28 from J$128.23 previously. Dealers bought the US currency at an average of J$127.21, versus J$127.17 on Friday.
The selling rate for the Canadian dollar slipped to J$102.02 from J$102.57 at the close on Friday, while the British Pound was less costly at the close, with J$167.15 buying the British currency versus J$167.81 and the euro, declined in value against the Jamaican dollar, with it taking J$151.31 to buy the European common currency , versus J$151.88 previously.

Jamaican dollar gains value – Friday

Trading in the Jamaican foreign exchange market on Friday resulted in inflows of US$44.65 million, in contrast to US$44.28 million on Thursday and outflows of US$35.11 million compared to US$46.34 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million.
In USA dollar trading, inflows ended at US$36.97 million versus US$37.42 million on Thursday, with outflows of US$28.73 million compared to US$40.88 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.23 from J$128.27 previously. Dealers bought the US currency at an average of J$127.17, down from J$127.23 on Thursday.
The selling rate for the Canadian dollar slipped to J$102.57 from J$102.79 at the close on Thursday, while the British Pound was less costly at the close, with J$167.81 buying the British currency versus J$168.51 and the euro, declined in value against the Jamaican dollar, with it taking J$151.88 to buy the European common currency , versus J$152.05 previously.

More forex sold than bought in Jamaica

Trading in the Jamaican foreign exchange market on Thursday, resulted in inflows of US$44.28 million in contrast to US54.48 million on Wednesday and outflows of US$46.34 million compared to US$40.55 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million and would require the dealers to cover the difference by the middle of the coming week.
In USA dollar trading, inflows ended at US$37.42 million versus US$50.77 million on Wednesday, with outflows of US$40.88 million compared to US$38.99 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.27 from J$128.29 previously. Dealers bought the US currency at an average of J$127.23, up from J$127.30 on Wednesday.
The selling rate for the Canadian dollar increased to J$102.79 from J$102.19 at the close on Wednesday, while the British Pound was less costly at the close, with J$168.51 buying the British currency versus J$169.15 and the euro, rose in value against the Jamaican dollar, with it taking J$152.05 to buy the European common currency , versus J$151.78 previously.