Jam$ loses value all round – Monday

GhanaMoney280x150 Trading in the Jamaican foreign exchange market rose on Monday, from Friday levels and well above trading on the prior Monday when only $27.6 million was purchased. Monday ended with dealers buying the equivalent of US$43,368,650 and selling US$39,093,223, compared with US$29,100,279 purchased and US$26,283,796 sold on Friday.
In US dollars trading, dealers bought US$38,895,652 compared to US$26,956,579 on Friday with the buying rate for the US dollar rising 4 cents to $120.42. A total of US$37,043,813 was sold versus US$25,059,286 on Friday as the selling rate climbed by 6 cents to $121.11. FX sum -25-01-16The Canadian dollar buying rate gained $1.46 to end at $82.91 with dealers buying C$2,285,181 and selling C$1,484,552, at an average rate that rose 28 cents to $84.87. The rate for buying the British Pound climbed $1.41 to $169.73 for the purchase of £1,835,997, while £520,136 was sold, with the rate gaining 47 cents to $170.63. At the end of trading the sale of the Euro, ended with a gain of 2 cents at J$131.03, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the FX HL-25-01-16European common currency at J$128.35 for a fall of 42 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$311,814 being bought, while US$276,301 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $1.42 in the lowest buying rate of the British Pound, to end at $138.20 and a fall in the lowest selling rate of $1.55 to $163.75.

Jamaican $ fairly stable on Friday

FX_USPound Trading in the Jamaican foreign exchange market declined sharply on Friday, from the expanded level on Thursday with dealers buying the equivalent of US$29,100,279 and selling US$26,283,796, compared with US$86,482,978 purchased and US$81,286,470 sold on Thursday.
In US dollars trading, dealers bought US$26,956,579 compared to US$81,408,190 on Thursday with the buying rate for the US dollar falling 40 cents to $120.38. A total of US$25,059,286 was sold versus US$76,491,607 on Thursday as the selling rate climbed by just 1 cent to $121.05.FX sum -22-01-16r The Canadian dollar buying rate dropped $2.70 to end at $81.45 with dealers buying C$975,164 and selling C$756,808, at an average rate that fell 85 cents to $84.59. The rate for buying the British Pound slipped $1.39 to $168.32 for the purchase of £942,480, while £313,967 was sold, with the rate gaining 19 cents to $170.16. At the end of trading the sale of the Euro, ended with a loss of 85 cents at J$131.01, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.77 for a fall of 17 cents from Thursday’s rate. FX HL-22-01-16The US dollar equivalent of other currencies traded, amounts to US$166,009 being bought, while US$254,239 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a sharp drop of $16.55 in the lowest selling rate of the US dollar to $100.95. The Canadian dollar lowest selling rate rose by $1.50 to $79.50 and there was a rise of $1.32 in the highest buying rate of the British Pound, to $173.75.

Big jump in FX trades on Thursday

US$ bungle Trading picked up in the Jamaican foreign exchange market on Thursday over the low level on Wednesday but is still below the levels expected for this time of the year with dealers buying the equivalent of US$86,482,978 and selling US$81,286,470, compared with US$30,144,415 purchased and US$32,965,153 sold on Wednesday.
In US dollars trading, dealers bought US$81,408,190 compared to US$25,692,915 on Wednesday with the buying rate for the US dollar rising 65 cents to $120.78. A total of US$76,491,607 was sold versus US$27,660,961 on Wednesday as the selling rate climbed by 3 cents to $121.04.FX sum -21-01-16 The Canadian dollar buying rate jumped $1.95 to end at $84.15 with dealers buying C$3,747,853 and selling C$5,750,040, at an average rate that rose $1.86 to $85.44. The rate for buying the British Pound climbed $1.14 to $169.71 for the purchase of £1,686,196, while £456,382 was sold, with the rate gaining 3 cents to $169.97. At the end of trading, it took J$131.86 to purchase the Euro, for a rise of 15 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.94 for a climb of 12 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$94,363 being bought, while US$95,194 was sold.
FX HL-21-01-16Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a jump of $18.72 in the lowest selling rate of the US dollar to $117.50. The Canadian dollar highest buying rate rose by $1.60 to $85.25. There was a rise of $3.74 in the highest selling rate of the British Pound, to $179.01 and an increase in the lowest selling rate of $1.20 to $164.50.

FX Inflows depressed on Tuesday

bob-marley Trading in the Jamaican foreign exchange market on Tuesday was still below the levels expected for this time of a week in the winter months. Dealers bought the equivalent of just US$24,412,348 and sold US$31,030,871, compared with US$27,603,340 purchased and US$28,177,563 sold on Monday.
In US dollars trading, dealers bought US$21,172,486 compared to US$23,407,422 on Monday with the buying rate for the US dollar rising 37 cents to $120. A total of US$28,937,052 was sold versus US$26,363,858 on Monday as the selling rate climbed by 5 cents to $120.85. The Canadian dollar buying rate rose $1.05 to end at $81.84 with dealers buying C$2,359,149 and selling C$1,905,459, at an average rate that rose 89 cents to $83.05. The rate for buying the British Pound dropped $1.20 to $167.90 for the purchase of £1,052,798, FX sum -19-01-16while only £374,507 was sold, with the rate falling $1.72 to $169.60. At the end of trading, it took J$131.37 to purchase the Euro, for a fall of 91 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.15 for a decline of $1.64 from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$157,901 being bought, while US$258,822 was sold.
FX HL-19-01-16Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.87 in the lowest selling rate of the US dollar to $98.86. The highest buying rate of the Canadian dollar fell $1.35 to $83.65 and the lowest selling rate slipped by $1.15 to $77. The British Pound, dropped $1.25 in the highest buying rate to $172.20 and by $1.50 in the lowest selling rate to $164.

Jam$ gains vs Pound & Can$ – Friday

FX_USPound2 The Jamaican foreign exchange market returned to normal on Friday with gains against the Canadian dollar and the Pound sterling with dealers buying the equivalent US$58,820,996 and selling US$48,672,598, compared with US$33,372,380 purchased and US$30,923,069 sold on Thursday.
In US dollars trading, dealers bought US$55,716,976 compared to US$28,892,317 on Thursday with the buying rate for the US dollar rising 18 cents to $120.31. A total of US$45,573,684 was sold versus US$29,140,678 on Thursday as the selling rate climbed by just 1 cent to $120.78.FX sum -15-01-16 The Canadian dollar buying rate fell 77 cents to end at $80.51 with dealers buying C$1,061,474 and selling C$2,675,194, at an average rate that declined by 65 cents to $83.65. The rate for buying the British Pound dropped $1.37 to $172.13 for the purchase of £1,449,673, while £599,840 was sold, with the rate falling $1.24 to $171.54. At the end of trading, it took J$130.91 to purchase the Euro, for a fall of 8 cents on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.26 for a fall of 9 cents from Thursday’s rate. FX HL-15-01-16
The US dollar equivalent of other currencies
traded, amounts to US$319,663 being bought, while US$394,128 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $16.88 in the lowest selling rate for the US dollar to $100.57, the Canadian dollar highest buying rate rising $1.39 to $85 and the highest selling rate of British Pound, dropping $2.20 to $177.56.

FX market normalizes on Wednesday

FX_USPound2 The Jamaican foreign exchange market returned to normal on Wednesday with dealers buying the equivalent US$36,348,672 and selling US$33,993,285, compared with US$113,650,452 purchased and US$115,800,882 sold on Tuesday. Changes in the rates of the various currencies were mixed with the US dollar continuing to gain.
In US dollars trading, dealers bought US$32,927,644 compared to US$110,719,783 on Tuesday with the buying rate for the US dollar fell 40 cents to $120.10. A total of US$31,914,028 was sold versus US$114,279,943 on Tuesday as the selling rate climbed 2 cents to $120.73.FX sum -13-01-16 The Canadian dollar buying rate fell 29 cents to end at $81.76 with dealers buying C$1,224,307 and selling C$911,193, at an average rate that rose 11 cents to $83.78. The rate for buying the British Pound climbed 81 to $171.20 for the purchase of £1,659,859, while £935,638 was sold, with the rate dropping 74 cents to $172.69. At the end of trading, it took J$130.68 to purchase the Euro, for fall of 30 cents on Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.50 for a rise of 28 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$221,512 being bought, while US$108,614 was sold.
FX HL-13-01-16Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at were, a fall of $1.80 in the highest buying rate for the Canadian dollar to $84.60, a rise in the highest selling rate of $2.05 to $90, a fall in the highest buying rate of British Pound, by $2.30 to $175.20 and a $2.79 decline in the highest selling rate that closed at $178.90.

Huge US$114m trading Tuesday

US$ bungleTuesday was a big day for trading in the Jamaican foreign exchange market, as dealers bought the equivalent US$113,650,452 and sold US$115,800,882, compared with US$45,414,864 purchased and US$40,270,681 sold on Monday. Changes in the rates of the various currencies were mixed with the US dollar continuing to gain.
In US dollars trading, dealers bought US$110,719,783 compared to US$41,206,124 on Monday with the buying rate for the US dollar rising 57 cents to $120.50 A total of US$114,279,943 was sold versus US$38,724,325 on Monday as the selling rate climbed 3 cents to $120.71. The Canadian dollar buying rate fell 62 cents to end at $82.05 with dealers buying C$1,475,053 and selling C$923,548, at an average rate that fell 62 cents to $83.67. FX sum -12-01-16The rate for buying the British Pound declined by $2.70 to $170.39 for the purchase of £1,158,431, while £465,990 was sold, with the rate rising 96 cents to $173.43. At the end of trading, it took J$130.98 to purchase the Euro, for fall of 57 on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.21 for a decline of 32 cents on Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$288,183 being bought, while US$211,300 was sold.
FX HL-12-01-16Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at were, a rise in the lowest selling rate of the US dollar of $1.96 to $100.57, a rise of $1.25 in the highest buying rate for the Canadian dollar to $86.40, a fall in the highest selling rate of $1.55 to $87.95, a rise in the highest buying rate of British Pound, by $1.10 to $177.50 and a $1.80 decline in the lowest selling rate that closed at $167.20.

Jamaican$ had mixed Monday

In the Jamaican foreign exchange market, dealers bought the equivalent of US$45,414,864 and sold US$40,270,681, compared with US$21,534,854 purchased and US$25,878,122 sold on Friday. Changes in the rates of the various currencies were mixed with the US dollar gaining.
FX sum -11-01-16In US dollars trading, dealers bought US$41,206,124 compared to US$18,827,307 on Friday with the buying rate for the US dollar rising 27 cents to $119.93. A total of US$38,724,325 was sold versus US$24,377,840 on Friday as the selling rate climbed 5 cents to $120.68. The Canadian dollar buying rate gained 28 cents to end at $82.67 with dealers buying C$2,311,311 and selling C$1,118,593, at an average rate that fell 42 cents to $84.29. The rate for buying the British Pound rose $1.37 to $173.09 for the purchase of £1,681,260, while £421,527 was sold, with the rate dropping $2.34 to $172.47. At the end of trading, it took J$131.55 to purchase the Euro, FX HL-11-01-16 for an increase of $1 on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.68 for a rise of 55 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$188,807 being bought, while US$162,575 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at were, a fall in the lowest selling rate of the US dollar of $18.39 to $98.61, a rise in the highest buying rate for the British Pound, of $1 to $176.40 and a $1.50 increase in the highest selling rate that closed at $180.69.

Jamaican$ drops on Friday

In the Jamaican foreign exchange market, dealers bought the equivalent of only US$21,534,854 and sold a relatively small amount of US$25,878,122, compared with US$34,094,250 purchased and US$35,478,418 sold on Thursday.
FX sum -08-01-16In US dollars trading, dealers bought US$18,827,307 compared to US$31,441,995 on Thursday with the buying rate for the US dollar falling 28 cents to $119.66. A total of US$24,377,840 was sold versus US$33,323,464 on Thursday as the selling rate climbed 12 cents to $120.63. The Canadian dollar buying rate dropped 8 cents to end at $82.39 with dealers buying C$1,332,949 and selling C$692,965, at an average rate that rose 68 cents to $84.71. The rate for buying the British Pound rose 13 cents to $171.72 for the purchase of £1,019,002, while £436,967 was sold, with the rate gaining $1.70 to $174.81. At the end of trading, it took J$130.55 to purchase the Euro, for an increase of $1.09 on Thursday’s rate, according to data from FX HL-08-01-16strong>Bank of Jamaica, while dealers purchased the European common currency at J$127.98 for a rise of $1.16 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,438 being bought, while US$380,382 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the highest selling rate for Canadian dollar by $1.19 to $90 and a fall of $3.81 in the highest selling rate for the British Pound, that closed at $180.19.

Jam$ gains against all on Thursday

In the Jamaican foreign exchange market, dealers bought the equivalent of US$34,094,250 and sold US$35,478,418, compared with US$41,941,236 purchased and US$39,746,285 sold on Wednesday.
FX sum -07-01-16In US dollars trading, dealers bought US$31,441,995 compared to US$36,834,944 on Wednesday with the buying rate for the US dollar rising 17 cents to $119.94. A total of US$33,323,464 was sold versus US$37,031,528 on Wednesday as the selling rate climbed 8 cents to $120.51. The Canadian dollar buying rate dropped 88 cents to end at $82.47 with dealers buying C$1,416,413 and selling C$1,254,073, at an average rate that declined 90 cents to $84.03. The rate for buying the British Pound lost $1.91 to $171.59 for the purchase of £1,008,931, while £654,763 was sold, with the rate gaining 28 cents to $173.12. At the end of trading, it took J$129.46 to purchase the Euro, for an increase of 32 cents on Wednesday’s rate, FX HL-07-01-16according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.82 for a rise of 27 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$234,961 being bought, while US$339,986 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a fall in the highest selling rate for Canadian dollar by $1.19 to $88.81 and a fall of $1.24 in the highest buying rate for the British Pound, that closed at $176, a rise of $1.84 in the highest selling rate that ended at $184 and a fall in the lowest selling rate of $1.70 to close $16.30.