The Jamaican dollar made more gains in foreign exchange trading on Monday against the US dollar, with the selling rate falling by 7 cents and the buying rate rising by 22 cents.
The market closed with inflows of all currencies, ending at US$60.68 million, versus US$49.55 million on Friday and dealers sold US$59.71 million in contrast to US$49.70 million, in previous trading.
In US dollar trading, dealers sold US$51.22 million at a rate of J$125.33 at the close, compared to US$40.11 million at a rate of J$125.40 on Friday. Purchases of the US currency by dealers, amounted to US$50.66 million at an average rate of $124.30, compared to US$37.09 million at an average rate of $124.08 on Friday.
At mid-day on Monday dealers purchased US$28.59 million at an average rate of J$124.70 and sold US$15.95 million at an average of J$125.15. At mid-day on Friday dealers purchased US$13.8 million at an average rate of J$124.61 and sold US$12.75 million at an average of J$125.43.
The selling rate on Monday, for the Canadian dollar, rose to J$98.63 from J$98.33 at the close on Friday. The selling rate for the British Pound fell to J$174.87 from J$176.53 previously and the euroslipped against the Jamaican dollar to J$154.26 to buy the European common currency, versus the prior selling rate of J$155.54.

The Jamaican dollar made just modest gains in the foreign exchange trading on Friday against the US dollar, with the selling rate falling by 1 cent and the buying rate declining 6 cents.
The market closed with inflows of all currencies, ending at US$49.55 million, versus US$39.41 million on Thursday and dealers sold US$49.70 million in contrast to US$40.18 million, in previous trading.
In US dollar trading, dealers sold US$40.11 million at a rate of J$125.40 at the close, compared to US$36.4 million at a rate of J$125.41 on Thursday. Purchases of the US currency by dealers, amounted to US$37.09 million at an average rate of $124.08, compared to US$35.31 million at an average rate of $124.14 on Thursday.
At mid-day on Friday dealers purchased US$13.8 million at an average rate of J$124.61 and sold US$12.75 million at an average of J$125.43. At mid-day on Thursday dealers purchased US$11.12 million at an average rate of J$124.68 and sold US$10.58 million at an average of J$125.31.
For the shortened week, dealers bought US$192 million in all currencies, down from US$216 million in all currencies bought in the previous week. Dealers sold US$197 million, compared to the selling of US$237.6 million in the prior week. Actual US dollar purchases by dealers amounted to US$164 million down from US$191 million in the prior week and they sold US$172 million compared to US$215 million.
The selling rate on Friday, for the Canadian dollar, rose to J$98.33 from J$98.11 at the close on Thursday. The selling rate for the British Pound increased to J$176.53 from J$176.37 previously and the eurogained against the Jamaican dollar to J$155.54 to buy the European common currency, versus the prior selling rate of J$154.62.

The Jamaican dollar made further gains in the foreign exchange trading on Thursday against the US dollar, with the selling rate falling by 15 cents and the buying rate declining 16 cents.
The market closed with inflows of all currencies, ending at US$39.41 million, versus US$48.18 million on Wednesday and dealers sold US$40.18 million in contrast to US$47.92 million, previously.
In US dollar trading, dealers sold US$36.4 million at a rate of J$125.41 at the close, compared to US$44.87 million at a rate of J$125.56 on Wednesday. Purchases of the US currency by dealers, amounted to US$35.31 million at an average rate of $124.14, compared to US$43.69 million at an average rate of $124.30 on Wednesday.
At mid-day on Thursday dealers purchased US$11.12 million at an average rate of J$124.68 and sold US$10.58 million at an average of J$125.31. At mid-day on Wednesday dealers purchased US$14.8 million at an average rate of J$124.68 and sold US$12.06 million at an average of J$125.35.
The selling rate on Thursday, for the Canadian dollar rose to J$98.11 from J$97.79 at the close on Wednesday, the selling rate for the British Pound increased to J$176.37 from J$176.06 previously and the eurodropped against the Jamaican dollar to J$154.62 to buy the European common currency, versus the prior selling rate of J$156.59.

The rate of exchange between the Jamaican$ & the US$. The rate has fallen below the 120 moving average again.

The Jamaican dollar made further gains in the foreign exchange trading on Wednesday but at a slower pace than for the past two trading days. The selling rate fell by just 5 cents on Tuesday but the buying rate rose 15 cents.
The market closed with inflows of all currencies, ending at US$48.18 million, versus US$54.67 million on Tuesday, but dealers sold US$47.92 million in contrast to US$59.04 million, previously.
In US dollar trading, dealers sold US$44.87 million at a rate of J$125.56 at the close, compared to US$50.99 million at a rate of J$125.61 on Tuesday. Purchases of the US currency by dealers, amounted to US$43.69 million at an average rate of $124.30, compared to US$47.67 million at an average of $124.15 on Tuesday.
At mid-day on Wednesday dealers purchased US$14.8 million at an average rate of J$124.68 and sold US$12.06 million at an average of J$125.35. At mid-day on Tuesday dealers purchased US$20.42 million at an average rate of J$124.99 and sold US$20.31 million at an average of J$125.70.
The selling rate on Wednesday, for the Canadian dollar fell to J$97.79 from J$98.02 at the close on Tuesday, the selling rate for the British Pound increased to J$176.06 from J$174.94 previously and the euroslipped against the Jamaican dollar to J$156.59 to buy the European common currency, versus the prior selling rate of J$157.59.

The Jamaican dollar made further gains in the foreign exchange trading on Tuesday the selling rate fell 38 cents from $126.99 on Thursday and the buying rate dropped 50 cents.
The market closed with inflows of all currencies, ending at US$54.67 million, versus US$46.04 million on Thursday, but dealers sold US$59.04 million in contrast to US$61.22 million, previously.
In US dollar trading, dealers sold US$50.99 million at a rate of J$125.61 at the close, compared to US$57.26 million at a rate of J$125.99 on Thursday. Purchases of the US currency by dealers, amounted to US$47.67 million at an average of just over $124.15, compared to US$40.66 million at an average of just over $124.65 on Thursday.
At mid-day on Tuesday dealers purchased US$20.42 million at an average rate of J$124.99 and sold US$20.31 million at an average of J$125.70. At mid-day on Thursday dealers purchased US$12.69 million at an average rate of J$125.04 and sold US$12.37 million at an average of J$125.76.
The selling rate on Tuesday, for the Canadian dollar rose to J$98.02 from J$97.20 at the close on Thursday, the selling rate for the British Pound increased to J$174.94 from J$178.11 previously and the euroslipped against the Jamaican dollar to J$157.59 to buy the European common currency, versus the prior selling rate of J$159.18.

There was heavy trading in the foreign exchange on Tuesday with volumes exceeding the amounts purchased and sold on Monday as dealers continue to sell off excess US dollars.
The market closed with inflows of all currencies, ending at US$56.40 million, versus US$47.24 million on Monday. Dealers sold US$61.03 million in contrast to US$54.79 million, previously.
The buying and selling rates fell in US dollar trading but with smaller movements than on Monday. The rate to buy the US dollar fell against the Jamaican dollar by 12 cents while the buying rate by dealer was down by 11 cents.
In US dollar trading, dealers sold US$50.24 million at a rate of J$126.33 at the close, compared to US$50.75 million at a rate of J$126.45 on Monday. Purchases of the US currency by dealers, amounted to US$43.96 million at an average of $125.25, compared to US$44.27 million at an average of $125.36 on Monday.
At mid-day on Tuesday, dealers purchased US$14.77 million at an average rate of J$125.53 and sold US$15.72 million at an average of J$126.18. At mid-day on Monday dealers purchased US$19.12 million at an average rate of J$125.86 and sold US$27.58 million at an average of J$126.37.
The selling rate on Tuesday, for the Canadian dollar rose to J$99.02 from J$98.33 at the close on Monday, the selling rate for the British Pound increased to J$178.38 from J$176.63 previously and the euro fell against the Jamaican dollar to J$156.73 to buy the European common currency, versus the prior selling rate of J$158.26.

The rate for buying the US dollar dropped again on Monday against the Jamaican dollar by 41 cents on top of the 34 cents fall on Friday as the rate hits $126.45 and is down from $127.86 on the previous Monday.
The fall in the rate suggest that dealers are getting rid of surplus funds accumulated when the rate was rising since January. The upward movement in the rate came to an end with unscheduled sale of a total of $40 million in its foreign exchange auction over two Wednesdays to March 14.
Buying of foreign exchange in the Jamaican market fell on Monday from Friday’s levels, with inflows of all currencies, ending at US$47.24 million, versus US$58 million on Friday. Dealers sold US$54.79 million in contrast to US$44.5 million, previously.
In US dollar trading, dealers sold US$50.75 million at a rate of J$126.45 at the close, compared to US$43.44 million at a rate of J$126.86 on Friday. Purchases of the US currency by dealers, amounted to US$44.27 million at an average of $125.36, compared to US$48.8 million at an average of $125.86 on Friday.
At mid-day on Monday dealers purchased US$19.12 million at an average rate of J$125.86 and sold US$27.58 million at an average of J$126.37. At mid-day on Friday dealers purchased US$13.38 million at an average rate of J$126.34 and sold US$13.20 million at an average of J$126.74.
The selling rate on Monday, for the Canadian dollar slipped to J$98.23 from J$98.45 at the close on Friday, the selling rate for the British Pound fell to J$176.63 from J$178.67 previously and the euro rose against the Jamaican dollar at J$158.26 to buy the European common currency, versus the prior selling rate of J$157.67.