Jamaica’s US$178M FX surplus for December

In foreign exchange trading on Friday, net inflows continue to be positive but with just over with US$1 million, bringing the net inflows for December to $178 million with the Jamaican dollar losing value against all the major currency it normal trades against.
At the close of the market, dealers bought the equivalent of US$49,393,835 of all currencies and sold US$48,140,699, compared to US$53,928,226 purchased and US$39,262,075 sold on Thursday.
In US dollar trading, dealers bought US$41,924,249 compared to US$48,357,262 on Thursday. The buying rate for the US dollar lost 12 cents to close at $127.48. A total of US$42,123,238 was sold versus US$35,027,831 on Thursday, with the selling rate inching up 8 cents to $128.44. The Canadian dollar buying rate rose 94 cents to $94.41, with dealers buying C$4,856,783 and selling C$6,251,539 at an average rate that gained 63 cents to end at $95.88. The average rate for buying the British Pound jumped $3.19 to $157.03 for the purchase of £2,971,174 while £892,056 was sold with a rise of 80 cents to end at $157.42.
At the end of trading on Friday, dealers sold €218,636 with the selling rate for the Euro, closing with a rise of 9 cents to $134.91, according to data from Bank of Jamaica. Dealers purchased €165,108 of the European common currency at $129.76 after gaining $1.26. The US dollar equivalent of other currencies traded, amounts to US$44,823 being bought and selling of US$27,851.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include the highest buying rate for the British Pound declining $2.58 to $159.10, the lowest buying rate jumping $33.99 to $126.99 and the lowest selling rate rising $1 to $152, while the lowest selling rate for the Euro dived $6.50 to $122.

Jamaica’s FX surplus rises to $177M

In foreign exchange trading on Thursday, net inflows continue to be positive with US$15 million, bringing the net inflows for December to $177 million with the Jamaican dollar gaining in value against the euro, was steady versus the Canadian dollar but slipping slightly against the others.
At the close of the market, dealers bought the equivalent of US$53,928,226 of all currencies and sold US$39,262,075, compared to US$65,090,524 purchased and US$47,042,348 sold on Wednesday.
In US dollar trading, dealers bought US$48,357,262 compared to US$55,315,886 on Wednesday. The buying rate for the US dollar rose 29 cents to close at $127.60. A total of US$35,027,831 was sold versus US$38,694,334 on Wednesday, with the selling rate inching up 2 cents to $128.36. The Canadian dollar buying rate fell 53 cents to $93.47, with dealers buying C$3,517,657 and selling C$3,639,157 at an average rate that remained unchanged at $95.25. The average rate for buying the British Pound dropped 92 cents to $153.84 for the purchase of £2,305,644 while £976,838 was sold with a rise of 6 cents to end at $156.62.
At the end of trading on Thursday, dealers sold €300,672 with the selling rate for the Euro, closing with a fall of $1.63 to $134.82, according to data from Bank of Jamaica. Dealers purchased €188,001 of the European common currency at $128.50 after declining $2.42. The US dollar equivalent of other currencies traded, amounts to US$129,105 being bought and selling of US$128,832.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a recovery of $16.67 in the lowest selling rate of the US dollar to $120. The highest buying rate for the British Pound jumped $2.94 to $161.68, the lowest buying rate dropped $33.99 to $93 and lowest selling rate fell $1 to $151, while the lowest selling rate for the Euro jumped $20.44 to $128.50.

December’s FX surplus builds to $162M

In foreign exchange trading on Wednesday after the market closed for the long holiday period, net inflow was again positive with US$18 million, bringing the net inflows for December to $162 million with the Jamaican dollar gaining in value against the Canadian dollar and the pound, slipping slightly versus the US and down against the euro.
At the close of the market, dealers bought the equivalent of US$65,090,524 of all currencies and sold US $47,042,348, compared to US$46,079,393 purchased and US$34,359,179 sold on Friday.
In US dollar trading, dealers bought US$55,315,886 compared to US$39,993,301 on Friday. The buying rate for the US dollar fell 27 cents to close at $127.31. A total of US$38,694,334 was sold versus US$29,111,300 on Friday, with the selling rate inching up 1 cent to $128.34. The Canadian dollar buying rate fell 49 cents to $94, with dealers buying C$9,075,794 and selling C$8,755,639 at an average rate that fell 11 cents to finish at $95.25. The average rate for buying the British Pound dropped 33 cents to $154.76 for the purchase of £1,903,806 while £934,004 was sold with a fall of $1.06 to end at $156.56.
At the end of trading on Wednesday, dealers sold €547,303 with the selling rate for the Euro, closing with a rise of $2.80 to $136.45, according to data from Bank of Jamaica. Dealers purchased €612,472 of the European common currency at $130.92 after adding $1.71 cents. The US dollar equivalent of other currencies traded, amounts to US$129,105 being bought and selling of US$128,832.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a fall of $16.67 in the lowest selling rate of the US dollar to $103.33. The highest selling rate for the Canadian dollar fell $1.08 to end at $98.82. The highest buying rate for the British Pound lost $1.23 to $158.74, the lowest buying rate fell $1.25 to $126.99, the highest selling rate climbed $3.34 to $165.24, the highest buying rate for the Euro dropped $2.47 to $123.80 and the lowest selling rate dived $19.94 to $108.06.

FX surplus continues to build

1000front In foreign exchange trading on Friday, net inflow was again positive, with US$11.7 million, bringing the net inflows for December to $144.3 million with the Jamaican dollar mostly gaining in value.
At the close of the market, dealers bought the equivalent of US$46,079,393 of all currencies and sold US$34,359,179, compared to US$39,589,559 purchased and US$32,426,860 sold on Thursday.
In US dollar trading, dealers bought US$39,993,301 compared to US$35,025,983 on Thursday. The buying rate for the US dollar fell 4 cents to close at $127.58. A total of US$29,111,300 was sold versus US$27,928,981 on Thursday, with the selling rate remaining unchanged at $128.33. FX sum 23-12-16The Canadian dollar buying rate gained 13 cents to $94.49, with dealers buying C$5,734,004 and selling C$5,539,238 at an average rate that fell $1.04 to finish at $95.36. The average rate for buying the British Pound dropped $2.26 to $155.09 for the purchase of £1,397,743 while £513,571 was sold with a fall of $1.10 to end at $157.62.
At the end of trading on Friday, dealers sold €441,154 with the selling rate for the Euro, closing with a fall of $2.89 to $133.65, according to data from Bank of Jamaica. Dealers purchased €119,654 of the European common currency at $129.27 after rising 77 cents. The US dollar equivalent of other currencies traded, amounts to US$19,134 being bought and selling of US$41,550.
FX h&l 23-12-16Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a rise of $16.67 in the lowest selling rate of the US dollar to at end $120. The highest buying rate for the Canadian dollar fell $1.45 to end at $95.63. The highest buying rate for the British Pound lost $2.70 to $159.97, the highest selling rate fell $5.28 to $161.90, the lowest selling rate fell $1.80 to $152 and the lowest selling rate for the Euro dropped $1.50 to $128.

FX surplus continues to build

USDollarClock In foreign exchange trading on Thursday, net inflow was again positive with US$7 million, continuing the net inflows for December. Market activity led to the selling rates of the US and Canadian dollars and the pound falling.
At the close of the market, dealers bought the equivalent of US$39,589,559 of all currencies and sold US$32,426,860, compared to US$53,620,805 purchased and US$34,296,736 sold on Wednesday.
In US dollar trading, dealers bought US$35,025,983 compared to US$44,977,358 on Wednesday. The buying rate for the US dollar fell 15 cents to close at $127.62. A total of US$27,928,981 was sold versus US$27,142,705 on Wednesday, with the selling rate declining 17 cents to end at $128.33.FX sum 22-12-16 The Canadian dollar buying rate fell $1.27 to $94.36, with dealers buying C$3,065,234 and selling C$3,625,253 at an average rate that eased 29 cents to finish at $96.40. The average rate for buying the British Pound rose 30 cents to $157.35 for the purchase of £1,727,460 while £1,063,217 was sold with a fall of 38 cents to end at $158.72.
At the end of trading on Thursday, dealers sold €420,085 with the selling rate for the Euro, closing with a rise of 76 cents to $136.54, according to data from Bank of Jamaica. Dealers purchased €140,293 of the European common currency at $128.44 after falling 65 cents. The US dollar equivalent of other currencies traded, amounts to US$26,347 being bought and selling of US$12,647.
FX h&l  22-12-16Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a fall of $1 in the highest buying rate of the US dollar to $128.90. The lowest selling rate for the Canadian dollar fell $1.60 to end at $91.40. The highest selling rate for the British Pound gained $2.17 to $162.67, the lowest selling rate fell $1.20 to $153.80 and the highest buying rate for the Euro jumped $1.14 to $137.14.

US$19M added to December’s surplus

FX_USPound In foreign exchange trading on Wednesday, net inflows was a positive US$19.3 million, continuing the positive flows for December, with only two trading days with negative flows. Market activity led to the selling rates of the US and Canadian dollars and that of the euro falling.
At the close of the market, dealers bought the equivalent of US$53,620,805 of all currencies and sold only US$34,296,736, compared to US$56,569,758 purchased and US$50,911,941 sold on Tuesday.
In US dollar trading, dealers bought US$44,977,358 compared to US$39,593,605 on Tuesday. The buying rate for the US dollar remained unchanged at $127.77. A total of US$27,142,705 was sold versus US$39,593,605 on Tuesday, with the selling rate declining 8 cents to end at $128.50. FX sum 21-12-16The Canadian dollar buying rate fell 43 cents to $95.63, with dealers buying C$7,531,239 and selling C$7,227,209 at an average rate that eased 1 cent to finish at $96.69. The average rate for buying the British Pound dropped $1.15 to $157.05 for the purchase of £2,325,710 while £1,268,083 was sold with a rise of 31 cents to end at $159.10.
At the end of trading on Wednesday, dealers sold €121,818 with the selling rate for the Euro, closing with a fall of 33 cents to $135.78, according to data from Bank of Jamaica. Dealers purchased €127,157 of the European common currency at $129.09 after falling 95 cents. The US dollar equivalent of other currencies traded, amounts to US$19,813 being bought and selling of US$16,639.
FX h&l  21-12-16Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a fall of $17.88 in the lowest selling rate of the US dollar to $103.12. The highest selling rate for the Canadian dollar fell $1.66 to end at $100.44, while the lowest selling rate rose $3 to $93. The highest selling rate for the British Pound dropped $8.46 to $166.54. The highest buying rate for the Euro jumped $4.50 to $136, the highest selling rate rose $3.26 to $140.40 and the lowest selling rate climbed $1.20 to $130.20.

Strong positive US$ inflows for December

US$ 100 In foreign exchange trading on Tuesday net inflows was a positive US$5.6 million, continuing the positive flows for the month to date, with only two trading days with negative flows. Market activity led to the selling rates of the three most heavily traded currencies falling.
At the close of the market, dealers bought the equivalent of US$56,569,758 of all currencies and sold US$50,911,941, compared to US$57,145,968 purchased and US$44,171,546 sold on Monday.
In US dollar trading, dealers bought US$42,554,466 compared to US$49,535,429 on Monday. The buying rate for the US dollar rose 4 cents to $127.77. A total of US$39,593,605 was sold versus US$40,408,814 on Monday, with the selling rate declining 3 cents to end at $128.58. The Canadian dollar buying rate rose $1.16 to $96.06, with dealers buying C$13,395,825 and selling C$12,250,744 at an average rate that increased 39 cents to finish at $96.70. FX sum 20-12-16The average rate for buying the British Pound rose $1 to $158.20 for the purchase of £2,920,959 while £953,157 was sold with a fall of 81 cents to end at $158.79.
At the end of trading on Tuesday, dealers sold €519,303 with the selling rate for the Euro, closing with a rise of 41 cents to $136.11, according to data from Bank of Jamaica. Dealers purchased €212,007 of the European common currency at $130.04 after rising $1.29. The US dollar equivalent of other currencies traded, amounts to US$111,749 being bought and selling of US$377,917.
FX h&l  20-12-16Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a rise of $1 in the lowest selling rate of the US dollar to $121. The highest buying rate for the Canadian dollar fell $2.45 to end at $97.55, while the highest selling rate dipped $2.34 to $102.10 and the lowest selling rate lost $1.50 to $90. The highest buying rate for the British Pound fell $5.25 to $160.36, the highest selling rate jumped $7.28 to end at $175 and the highest selling rate for the Euro dropped $2.72 to $137.14.

More gains for Jamaican$ – Monday

FX_USPound The Jamaican dollar recorded all-round gains in foreign exchange trading on Monday. At the close of the market, dealers bought the equivalent of US$57,145,968 of all currencies and sold US$44,171,546, compared to US$44,831,673 purchased and US$39,459,521 sold on Friday.
In US dollar trading, dealers bought US$49,535,429 compared to US$39,652,245 on Friday. The buying rate for the US dollar fell 25 cents to $127.73. A total of US$40,408,814 was sold versus US$32,675,259 on Friday, with the selling rate declining 8 cents to end at $128.61. The Canadian dollar buying rate rose 4 cents to $94.90, with dealers buying C$6,252,854 and selling C$2,626,895 at an average rate that decreased by $1.19 to finish at $96.31. FX sum 19-12-16The average rate for buying the British Pound dropped 60 cents to $157.20 for the purchase of £2,267,695 while £1,191,171 was sold with a fall of 7 cents to end at $159.60.
At the end of trading on Monday, dealers sold €292,265 with the selling rate for the Euro, closing with a fall of 36 cents to $135.70, according to data from Bank of Jamaica. Dealers purchased €147,019 of the European common currency at $128.75 after falling $1.99. The US dollar equivalent of other currencies traded, amounts to US$26,092 being bought and selling of US$8,997.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a rise of $16.67 in the lowest selling rate of the US dollar to $120. FX h&l  19-12-16The highest buying rate for the Canadian dollar rose $3.10 to end at $100, while the highest selling rate jumped $4 to $104.44 and the lowest selling rate lost 80 cents to $91.50. The lowest buying rate for the British Pound fell $1 to $128.90, the highest selling rate dipped $1.30 to end at $167.72 and the lowest selling rate gained $1 to $154. The highest buying rate for the Euro dropped $1.50 to $132, the highest selling rate dropped $3.89 to $139.86, while the lowest selling rate climbed $1.50 to $129.50.

Jamaican$ slips vs US – Friday

US$ bungle The Jamaican dollar selling rate slipped against the US and Canadian dollar and made gains versus the British pound and the euro in foreign exchange trading on Friday. At the close of the market, dealers bought the equivalent of US$44,831,673 of all currencies and sold US$39,459,521, compared to US$41,707,136 purchased and US$29,836,153 sold on Thursday.
In US dollar trading, dealers bought US$39,652,245 compared to US$37,328,635 on Thursday. The buying rate for the US dollar rose 7 cents to $127.98. A total of US$32,675,259 was sold versus US$26,728,474 on Thursday, with the selling rate rising 5 cents to end at $128.69. The Canadian dollar buying rate rose 43 cents to $94.86, with dealers buying C$3,763,209 and selling C$6,662,780 at an average rate that increased by 76 cents to finish at $97.50. FX sum 16-12-16The average rate for buying the British Pound dropped $2.04 to $157.80 for the purchase of £1,779,653 while £1,159,661 was sold with a fall of $1.53 to end at $159.67.
At the end of trading on Friday, dealers sold €269,095 with the selling rate for the Euro, closing with a fall of 46 cents to $136.06, according to data from Bank of Jamaica. Dealers purchased €180,841 of the European common currency at $130.74 after falling $4.24. The US dollar equivalent of other currencies traded, amounts to US$11,048 being bought and selling of US$12,976.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a drop of $19.67 in the lowest selling rate of the US dollar to $103.33. FX h&l  16-12-16The highest buying rate for the Canadian dollar fell $3.10 to end at $96.90, the lowest buying rate declined $1.95 to $77.19, while the highest selling rate dipped $2.54 to $100.44 and the lowest selling rate rose $1.30 to $92.30. The highest buying rate for the British Pound jumped $2.35 to $165, The lowest buying rate fell $2.07 to $129.90, while the highest selling rate dipped $2.70 to end at $169.02 and the lowest selling rate fell by $1 to $153. The highest buying rate for the Euro dropped $5.70 to $133.50, the lowest buying rate dropped $2.57 to $107.90, while the lowest selling rate dropped $2.50 to $128.

Jamaican$ holds vs US – Thursday

FX_USPound The Jamaican dollar selling rate held against the US dollar and made more gains versus the British pound and the Canadian dollar and declined against the euro in foreign exchange trading on Thursday. At the close of the market, dealers bought the equivalent of US$41,707,136 of all currencies and sold US$29,836,153, compared to US$58,868,333 purchased and US$36,828,727 sold on Wednesday.
In US dollar trading, dealers bought US$37,328,635 compared to US$50,506,344 on Wednesday. The buying rate for the US dollar dropped 31 cents to $127.91. A total of US$26,728,474 was sold versus US$30,039,107 on Wednesday, with the selling rate holding at $128.64. FX sum 15-12-16The Canadian dollar buying rate dropped $3.12 to $94.43, with dealers buying C$2,145,822 and selling C$839,400 at an average rate that declined $1.29 to finish at $96.74. The average rate for buying the British Pound slipped 13 cents to $159.84 for the purchase of £1,752,754 while £1,397,593 was sold with a fall of $1.72 to end at $161.20.
At the end of trading on Thursday, dealers sold €655,049 with the selling rate for the Euro, closing with a rise of 64 cents to $136.52, according to data from Bank of Jamaica. Dealers purchased €560,586 of the European common currency at $134.98 after rising $2.80. The US dollar equivalent of other currencies traded, amounts to US$12,367 being bought and selling of US$29,948.
FX h&l  15-12-16Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a jump of $19.05 in the lowest selling rate of the US dollar to $123. A rise of $1.49 in the highest selling rate for the Canadian dollar to end at $102.98 and a $1 fall in the lowest selling rate to $91. The highest buying rate for the Euro jumped $4.70 to $139.20, the lowest buying rate dropped $6.57 to $110.47, while the highest selling rate gained $4.30 to end at $143.75 and the lowest selling rate dropped $1.80 to $130.50.