The Jamaican dollar closed May at a selling rate of J$130.144 for one US dollar and ended June at J$128.62, $1.52 improvement in June. The closing rate is lowest for the month as the local foreign exchange market generated US$51 million more inflows than the amounts sold to the public.
Net total foreign exchange inflows into the system in June ended at US$59 million but US$70 million excluding the first two days which were the last two days of the first week of the month.
On Friday authorised and cambio dealers bought US$5 million more than they sold of all currencies and just US$3 million. A total of US$48 million of all currencies was bought and US$43 was sold while in US dollars trading US$35 million was bought and US$32 million was sold. For the week, total Inflows amounted to US$263 million, the most for any week in June, with the prior week being the next highest, with US$217 million.
Inflows of United States dollars reached US$36.58 million and selling $46.69 million on Friday. Overall foreign exchange of all currencies entering the market totaled the equivalent of US$45.3 million with US$53.2 million sold.
The selling rate for the Canadian dollar rose to J$99.39 compared to J$99.07 at the close on Thursday while the British Pound cost slightly more at the close on Thursday with J$166.58 buying the British currency versus J$165.40 on Thursday and the Jamaican dollar lost value against the euro, with it taking J$147.94 to buy the European common currency on Friday versus Thursday’s J$146.66.
July is one of the best months for inflows of foreign exchange, and that should result in the local currency recording further gains, with the surplus for the month likely to be higher than for June.
Jamaican dollar strengthens
Authorised and cambio dealers sold US$10 million more than they bought on Thursday, an amount similar to the amount the central bank sold in their first monthly auction of US dollars trading, on Wednesday.
The increased take by the public did not have an adverse effect on the rate for trading the United States currency.
The Jamaican dollar that is set to close out June with a higher value than at the start of the month, gained more ground versus the United States dollar at the close on Thursday. The selling rate for the US dollar dipped to J$128.73 to US$1 as US dollar, down from J$128.81 on Wednesday. The buying rate for the US dollar fell to JS$127.95 from $128.16 at the end of trading on Wednesday.
Inflows of United States dollars reached US$36.58 million and selling $46.69 million. Overall foreign exchange of all currencies entering the market totaled the equivalent of US$45.3 million with US$53.2 million sold.
The selling rate for the Canadian dollar rose to J$99.07 compared to J$98.14 at the close on Wednesday while the British Pound cost slightly more at the close on Thursday with J$165.40 buying the British currency versus J$165.10 on Wednesday and the Jamaican dollar gained value against the euro, with it taking J$146.66 to buy the European common currency on Thursday versus Wednesday’s J$147.25.
Inflows in June is set to exceed out flows by a good level. With July being one of the best months for inflows of foreign exchange, the value of the local currency should see further gains in the days ahead, with the surplus for the month being higher than for June.
Jamaican$ gains more ground
A
uthorised and Cambios dealers sold the United States dollar on Tuesday for less Jamaican dollars than they did on Monday as well as on Wednesday.
On Tuesday, they sold US$36.57 million at an average rate of $128.89, 4 cents lower than on Monday and on Wednesday they sold US$42.62 million at $128.81, the lowest for the Month. The latest movement of the local currency, continues a daily rise in value since the start of June, with the exception of one day.
The traded selling rate for the United States dollar is still some distance off from the lowest amount of Jamaican dollar required to purchase one US dollar of JS$127.93 reached on February 13, this year.
Dealers bought the United States currency at an average of J$128.25 on Tuesday and at 128.16 on Wednesday. The Canadian dollar was sold to the public at 26 cents less than on Tuesday while the British Pound and the Euro selling price rose by JS$2.16 each.
Overall, total foreign exchange of all currencies entering the market totaled US$60.92 million on Tuesday with US$45.76 million sold and on Wednesday the equivalent of US$57.39 was bought by dealers and US$51.32 was sold. In US dollar trading US$52.17 was bought on Tuesday with US$36.57 being sold while Wednesday saw buying of US$49.53 with selling of US$42.62.
Jamaican dollar records more gains
The Jamaican dollar gained more ground versus the United States dollar on Monday with the selling rate dipped to J$128.89 to US$1 as US dollar inflows reached US$45.15 million and selling accounted for $39.14.
Inflows were just US$1 less than entered the market on Monday June 19. Overall, total foreign exchange of all currencies entering the market totaled US$50.79 million with US$42.2 million sold.
The buying rate for the US dollar fell to JS$128 from $128.15 at the end of trading on Friday.
The selling rate for the Canadian dollar declined to J$97.32 compared to J$97.83 at the close on Friday while the British Pound cost more at the close on Monday with J$163.71 buying the British currency versus J$162.63 on Friday and the Jamaican dollar gained value against the euro it taking J$144.89 to buy the European common currency on Monday versus Friday’s J$145.84.
Jamaican dollar gains value
Up to the end of foreign exchange trading on Monday, Jamaica enjoyed a surplus of US$157 million for January. On Monday the central bank reported net inflows US$3.9 million with the selling rates for the main currencies for the Jamaican dollar gaining but for the euro.
At the close of the market, dealers bought the equivalent of US$39,284,459 of all currencies and sold just US$35,398,981, compared to US$50,312,663 purchased and US$32,969,840 sold on Friday.
In US dollar trading, dealers bought US$35,900,623 compared to US$47,964,301 on Friday. The buying rate for the US dollar fell 33 cents to close at $127.52. A total of US$33,452,927 was sold versus US$32,074,678 on Friday, with the selling rate falling by a much smaller level than for purchases with 
a fall of 7 cents to $128.35. The Canadian dollar buying rate fell 87 cents to $93.98, with dealers buying C$1,471,931 and selling C$964,733 at an average rate that lost 15 cents to end at $97.75. The average rate for buying the British Pound fell 31 cents to $158.02 for the purchase of £1,694,767 while £852,079 was sold with a decline of 60 cents, to end at $159.90.
At the end of trading on Monday, dealers sold €124,122, with the selling rate for the Euro, closing with a gain of 6 cents to $136.91, according to data from Bank of Jamaica. Dealers purchased €173,210 of the European common currency at $136.85 after rising $2.47. The US dollar equivalent 
of other currencies traded, amounts to US$21,471 being bought and selling of US$17,304.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a drop in the lowest selling rate of the US dollar by $1.35 to $121.65. The highest buying rate for the British Pound fell $2.62 to $161.20 while the lowest selling rate rose $3 to $155. The highest selling rate for the Euro rose $6.70 to $146.30 and the lowest selling rate rose $2 to $132.
Healthy net FX inflows continue
Up to the end of foreign exchange trading on Friday, Jamaica enjoyed a surplus of US$153 million for January. On Friday the central bank reported net inflows US$17 million with the selling rates for the main currencies for the Jamaican dollar gaining but for the Canadian dollar.
At the close of the market, dealers bought the equivalent of US$50,312,663 of all currencies and sold just US$32,969,840, compared to US$40,366,101 purchased and US$34,607,120 sold on Thursday.
In US dollar trading, dealers bought US$47,964,301 compared to US$37,146,996 on Thursday. The buying rate for the US dollar fell 10 cents to close at $127.85. A total of US$32,074,678 was sold versus US$33,530,844 on Thursday, with the selling rate falling by 13 cents to $128.42.
The Canadian dollar buying rate fell 29 cents to $94.85, with dealers buying C$1,110,230 and selling C$586,246 at an average rate that climbed 37 cents to end at $97.90. The average rate for buying the British Pound rose 93 cents to $158.33 for the purchase of £1,088,337 while £241,103 was sold with a decline of 94 cents, to end at $160.50.
At the end of trading on Friday, dealers sold €135,899, with the selling rate for the Euro, closing with a fall of $1.63 to $136.85, according to data from Bank of Jamaica. Dealers purchased €153,437 of the European common currency at $133.18 after rising $2.70. The US dollar equivalent of other currencies traded, amounts to US$17,035 being bought and selling of US$2,116.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a jump in the lowest selling rate of the US dollar by $19.27 to $123. The highest buying rate for the British Pound jumped $1.82 to $163.82 while the lowest selling rate dropped $3.50 to $152. The highest buying rate for the Euro fell $4.47 to close at $135.30, the highest selling rate fell $6.70 to $139.60 and the lowest selling rate lost $3 to $130.
Jamaican$ made gains on Monday
On Monday the Jamaica’s central bank reported net inflows US$13 million with the buying and selling rates for the main currencies for the Jamaican dollar gaining but for the euro.
At the close of the market, dealers bought the equivalent of US$46,846,024 of all currencies and sold US$33,710,044, compared to US$73,405,937 purchased and US$70,539,453 sold on Friday.
In US dollar trading, dealers bought US$41,767,700 compared to US$70,170,675 on Friday. The buying rate for the US dollar fell 57 cents to close at $127.52. A total of US$31,452,380 was sold versus US$69,102,218 on Friday, with the selling rate falling by 11 cents to $128.44. 
The Canadian dollar buying rate fell 36 cents to $93.18, with dealers buying C$2,332,284 and selling C$1,056,715 at an average rate that slipped 41 cents to end at $95.89. The average rate for buying the British Pound declined 99 cents to $154.85 for the purchase of £2,235,899 while £939,607 was sold with a decline of 47 cents to end at $156.46.
At the end of trading on Monday, dealers sold €287,843, with the selling rate for the Euro, closing with a rise of 3 cents to $135.18, according to data from Bank of Jamaica. Dealers purchased €596,051 of the European common currency at $133.20 after rising $3.78. The US dollar equivalent of other currencies traded, amounts to US$36,122 being bought and selling of US$21,146.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a fall in the lowest selling rate of the US dollar by $16.88 to $103.12. A fall of $3.10 in the highest buying rate for the Canadian dollar to end at $96.90 while the lowest selling rate declined by $2.30 to $90. The lowest selling rate for the British Pound dropped $3 to $150.50 while the highest buying rate for the Euro put on $6.70 to close at $140 and the lowest selling rate lost $3 to $126.80.
Jamaican$ ended mixed on Friday
On Friday the central bank reported net inflows US$2.9 million with the buying and selling rates for the main currencies for the Jamaican dollar being mixed.
At the close of the market, dealers bought the equivalent of US$73,405,937 of all currencies and sold US$70,539,453, compared to US$36,967,257 purchased and US$39,708,349 sold on Thursday.
In US dollar trading, dealers bought US$70,170,675 compared to US$30,748,354 on Thursday. The buying rate for the US dollar rose 60 cents to close at $128.09. A total of US$69,102,218 was sold versus US$35,784,226 on Thursday, with the selling rate remaining unchanged at $128.55.
The Canadian dollar buying rate fell $1.59 to $93.54, with dealers buying C$1,672,927 and selling C$680,212 at an average rate that slipped 41 cents to end at $96.30. The average rate for buying the British Pound climbed just 5 cents to $155.84 for the purchase of £1,529,299 while £360,627 was sold with a decline of 30 cents to end at $156.93.
At the end of trading on Friday, dealers sold €456,848 with the selling rate for the Euro, closing with a rise of $2.02 to $135.15, according to data from Bank of Jamaica. Dealers purchased €123,157 of the European common currency at $129.42 after falling 14 cents. The US dollar equivalent of other currencies traded, amounts to US$28,507 being bought and selling of US$7,109.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a rise in the lowest selling rate of the US dollar by $16.68 to $120. A rise of $1.50 in the highest buying rate for the Canadian dollar to end at $100 while the lowest selling rate grew $1.30 to $92.30. The highest buying rate for the British Pound dropped $1.80 to $158 and the lowest selling rate rose $2.50 to $153.50, while the lowest selling rate for the Euro put on $3.55 to close at $129.80.
Jamaican$ loses ground on Thursday
On Thursday the central bank reported net outflows US$2.7 million and an across the board fall in the value for the Jamaican dollar except for a gain in the selling rate of the euro.
At the close of the market, dealers bought the equivalent of US$36,967,257 of all currencies and sold US$39,708,349, compared to US$85,048,825 purchased and US$70,824,719 sold on Wednesday.
In US dollar trading, dealers bought US$30,748,354 compared to US$76,958,108 on Wednesday. The buying rate for the US dollar rose 18 cents to close at $127.49. A total of US$35,784,226 was sold versus US$64,143,542 on Wednesday, with the selling rate rising 21 cents to $128.55.
The Canadian dollar buying rate climbed $3.03 to $95.13, with dealers buying C$3,819,861 and selling C$2,730,497 at an average rate that rose $1.61 to end at $96.71. The average rate for buying the British Pound climbed $1.03 to $155.79 for the purchase of £2,574,231 while £1,415,888 was sold with a rise of 60 cents to end at $157.23.
At the end of trading on Thursday, dealers sold €108,162 with the selling rate for the Euro, closing with a decline of $1.11 to $133.13, according to data from Bank of Jamaica. Dealers purchased €190,099 of the European common currency at $129.56 after gaining $1.62. The US dollar equivalent of other currencies traded, amounts to US$29,692 being bought and selling of US$25,989.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a rise of $1 in the highest buying rate for the Canadian dollar to end at $98.50. The highest buying rate for the British Pound dropped $2.39 to $159.80, the lowest selling rate fell $1.20 to $151, while the highest buying rate for the Euro added $1 to end at $133, the highest selling rate declined by $1.30 to end at $140.40 and the lowest selling rate put on $12.11 to close at $126.25.
Jamaican$ gains in value – Wednesday
Bank of Jamaica had no trading data for the first trading day of 2017, for foreign exchange trading on Tuesday. On Wednesday, the central bank reported net inflows of US$14 million and an across the board increased value for the Jamaican dollar.
At the close of the market, dealers bought the equivalent of US$85,048,825 of all currencies and sold US$70,824,719, compared to US$49,393,835 purchased and US$48,140,699 sold on Friday.
In US dollar trading, dealers bought US$76,958,108 compared to US$41,924,249 on Friday. The buying rate for the US dollar lost 17 cents to close at $127.31. A total of US$64,143,542 was sold versus US$42,123,238 on Friday, with the selling rate declining by 10 cents to $128.34.
The Canadian dollar buying rate fell $2.31 to $92.10, with dealers buying C$4,445,438 and selling C$5,022,483 at an average rate that eased 78 cents to end at $95.10. The average rate for buying the British Pound dipped $2.27 to $154.76 for the purchase of £3,651,060 while £1,884,689 was sold with a fall of 79 cents to end at $156.63.
At the end of trading on Wednesday, dealers sold €581,518 with the selling rate for the Euro, closing with a decline of 67 cents to $134.24, according to data from Bank of Jamaica. Dealers purchased €344,728 of the European common currency at $127.94 after gaining $1.82. The US dollar equivalent of other currencies traded, amounts to US$89,949 being bought and selling of US$25,989.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a fall in the lowest selling rate of the US dollar by $16.88 to $103.12. A rise of $1.30 in the highest buying rate for the Canadian dollar to end at $97.50, while the highest selling rate rose $1.07 to $100.30. The highest buying rate for the British Pound gained $3.09 to $162.19, the highest selling rate climbed $1.08 to $166.32, while the highest buying rate for the Euro dived $1.50 to $132, the lowest buying rate declined by $1.49 to end at $107.07 and the lowest selling rate fell $7.86 to $114.14.