Flows into the Jamaican foreign exchange market started the week on a strong note with dealers buying almost $67 million or $13 million than they sold, bringing the total surplus along with that of the week ending December 18, to US$26 million as the Jamaican dollar made a small recovery against the US dollar.
Dealers actually bought the equivalent of US$66,694,884 and sold US$53,329,088, compared with US$48,985,627 and US$38,223,472 respectively on Friday.
Purchases of US dollars , exceeded the amount sold by dealers by US$11.5 million with dealers buying US$62,348,278 compared to US$45,286,649 on Friday. The buying rate for the US dollar slipped by 16 cents to $119.73. A total of US$50,843,441 was sold versus US$36,755,007 on Friday, the selling rate fell by 3 cents to $120.34. The Canadian dollar buying rate rose 30 cents to end at $83.67 with dealers buying C$2,180,609 and selling C$1,455,256, at an average rate that climbed 25 cents to $85.54. The rate for buying the British Pound declined $2.83 to $175.59 for the purchase of £1,775,301, while £708,226 was sold, with the rate rising 41 cents to $177.54. At the end of trading, it took J$130.53 to purchase the Euro, for a rise of 17 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.89 for a gain of 17 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$219,141 being bought, while US$406,451 was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.88 to $122, the lowest buying rate rose 29 cents to $98.86, the highest selling rate gained 38 cents to $126.69 and lowest selling rate was up 21 cents to $98.78. The highest buying rate for the Canadian dollar dropped $3.20 to $86.55, the lowest buying rate declined $3.16 to $68.72, the highest selling rate dipped $2.66 to $90 and the lowest selling rate dipped $4 to $82. The highest buying rate for the British Pound, fell $3 to end at $179. The lowest buying rate lost $2.07 to $143.76, while the highest selling rate fell 31 cents to end at $185.32 and the lowest selling rate dipped $4 to $172.

Flows into the Jamaican foreign exchange market remains elevated at the close of the week as dealers bought $10.8 million than they sold. For the week ending December 18, total foreign currencies bought exceeded the amounts sold by US$13 million.
Dealers bought the equivalent of US$48,985,627 and sold US$38,223,472, compared with US$42,340,656 and US$36,886,077 respectively on Thursday.
Purchase of US dollars , exceeded the amount sold by dealers by US$8.5 million with dealers buying US$45,286,649 compared to US$38,568,833 on Thursday. The buying rate for the US dollar rose 5 cents to $119.89. A total of US$36,755,007 was sold versus US$33,479,725 on Thursday, the selling rate moved up by 5 cents to $120.37. < The Canadian dollar buying rate dropped $1.70 to end at $83.37 with dealers buying C$1,240,010 and selling C$967,704, at an average rate that lost $1.14 to $85.29. a href=”http://icinsider.com/wp-content/uploads/2015/12/FX-trade-sum-18-12-15.png”>The rate for buying the British Pound climbed $2.88 to $178.42 for the purchase of £1,607,390, while £395,048 was sold, with the rate falling 51 cents to $177.13. At the end of trading, it took J$130.36 to purchase the Euro, for a fall of $1.37 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.89 for a decline of $1.13 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$444,482 being bought, while US$201,416 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 43 cents to $120.12, the lowest buying rate dropped 29 cents to $98.57, the highest selling rate slipped 38 cents to $126.31 and lowest selling rate was down 21 cents to $98.57. The highest buying rate for the Canadian dollar climbed $2.23 cents to $89.75, the lowest buying rate jumped $2.57 to $71.88, the highest selling rate dipped 29 cents to $92.66 and the lowest selling rate climbed $4 to $86. The highest buying rate for the British Pound, rose 93 cents to end at $182. The lowest buying rate gained $2.07 to $145.83, while the highest selling rate fell $1.87 to end at $185.63 and the lowest selling rate rose by $3 to $176.

Flows into the Jamaican foreign exchange market remains above the $40 million level as dealers bought the equivalent of US$40,443,682 and sold US$38,941,809, compared with US$43,117,589 and US$51,950,671 respectively on Tuesday.
Purchase of US dollars , was below the amount sold by dealers by just over US$1 million with dealers buying US$36,794,485 compared to US$36,930,693 on Tuesday. The buying rate for the US dollar rose 1 cent to $119.69. A total of US$37,917,698 was sold versus US$45,466,315 on Tuesday, the selling rate moved up 4 cents to $120.38. The Canadian dollar buying rate dropped $2.41 to end at $84.20 with dealers buying C$1,367,212 and selling C$607,368, at an average rate that dived $1.97 to $85.81. The rate for buying the British Pound rose 17 cents to $178.71 for the purchase of £1,716,642, while £310,227 was sold, with the rate falling $1.37 to $178.56. At the end of trading, it took J$131.43 to purchase the Euro, a fall of $1.21 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.74 for a decline of $1.24 from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$124,217 being bought, while US$130,987 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 40 cents to $120.55, the lowest buying rate was unchanged at $98.78, the highest selling rate rose 5 cents to $126.63 and lowest selling rate rose 8 cents to $98.78. The highest buying rate for the Canadian dollar fell $1.40 to $87.20, the lowest buying rate remained at $69.97, the highest selling rate fell 40 cents to $90.20 and the lowest selling rate slipped 50 cents $83. The highest buying rate for the British Pound, declined 40 cents to end at $181.60. The lowest buying rate gained 17 cents to $146.08, while the highest selling rate declined $2.43 to end at $185.68 and the lowest selling rate stayed at $174.

Inflows into the Jamaican foreign exchange market continue to remain buoyant, but Tuesday’s intake was down to $43 million, nearly US$9 million less than the amount that was sold, wiping out the surplus on Monday. The rate of the Jamaican dollar continued its slippage against the three main currencies it trades with.
Dealers bought the equivalent of US$43,117,589 and sold US$51,950,671, compared with US$55,520,746 and US$46,446,771 respectively on Monday.
Purchase of US dollars , was below the amount sold by dealers by US$8.5 million with dealers buying US$36,930,693 compared to US$51,497,060 on Monday. The buying rate for the US dollar rose 2 cents to $119.68. A total of US$45,466,315 was sold versus US$44,706,868 on Monday, the selling rate moved up 7 cents to $120.34. The Canadian dollar buying rate jumped $1.98 to end at $86.61 with dealers buying C$5,134,711 and selling C$7,157,309, at an average rate that climbed by 80 cents to $87.78. The rate for buying the British Pound rose $1.18 to $178.54 for the purchase of £1,556,554, while £549,245 was sold, with the rate gaining 35 cents to $179.93. At the end of trading, it took J$132.63 to purchase the Euro, a rise of 41 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.98 for a 17 cents gain from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$148,810 being bought, while US$442,544 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 25 cents to $120.95, the lowest buying rate jumped $14.93 to $98.78, the highest selling rate was unchanged at $126.58 and lowest selling rate dived $18 to $98.70. The highest buying rate for the Canadian dollar rose 40 cents to $88.60, the lowest buying rate fell 17 cents to $69.97, the highest selling rate rose 18 cents to $90.60 and the lowest selling rate remained at $83.50. The highest buying rate for the British Pound, rose 35 cents to end at $182. The lowest buying rate fell 17 cents to $145.91, while the highest selling rate slipped 21 cents to end at $188.11 and the lowest selling rate jumped $27.93 to $174.

Flows into the Jamaican foreign exchange market continue to remain buoyant, with Monday’s intake amounting to more than $55.5 million, US$9 million more than the amount that was sold, but the rate of the Jamaican dollar slipped slightly against the US dollar but gained versus the Canadian dollar and the British pound.
Dealers bought the equivalent of US$55,520,746 and sold US$46,446,771, compared with US$57,959,306 and US$53,791,134 respectively on Friday.
Purchase of US dollars , exceeded the amounts sold by dealers by US$7 million with dealers buying US$51,497,060 compared to US$53,896,854 on Friday. The buying rate for the US dollar fell 18 cents to $119.66. A total of US$44,706,868 was sold versus US$49,125,914 on Friday, the selling rate moved up by 4 cents to $120.27. The Canadian dollar buying rate fell 45 cents to end at $85.64 with dealers buying C$2,251,115 and selling C$1,259,799, at an average rate that declined by $1.72 to $86.98. The rate for buying the British Pound dived $2.18 to $177.36 for the purchase of £1,506,241, while £439,278 was sold, with the rate losing 97 cents to $179.58. At the end of trading, it took J$132.22 to purchase the Euro, a rise of 74 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.81 for a 94 cents gain from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$198,988 being bought, while US$172,955 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 25 cents to $120.70, the lowest buying rate dropped $14.89 to $83.85, the highest selling rate gained 5 cents to end at $126.58 and lowest selling rate lost 30 cents to $116.70. The highest buying rate for the Canadian dollar rose 30 cents to $88.20, the lowest buying rate fell 24 cents to $70.14, the highest selling rate dipped 38 cents to $90.42 and the lowest selling rate slipped 50 cents to $83.50. The highest buying rate for the British Pound, declined $1.25 to end at $181.65. The lowest buying rate gained 41 cents to $146.08, while the highest selling rate climbed 54 cents to end at $188.32 and the lowest selling rate dived $27.93 to $146.07.

Flows into the Jamaican foreign exchange market continue to remain strong on Friday, with over $57 million, but the rate of the Jamaican dollar slipped slightly against the US dollar and the Canadian dollar but gained versus the British pound.
Dealers bought the equivalent of US$57,959,306 and sold US$53,791,134, compared with US$37,528,023 and US$37,646,794 respectively on Thursday.
Purchase of US dollars , exceeded the amounts sold by dealers by US$4.7 million with dealers buying US$53,896,854 compared to US$34,101,622 on Thursday. The buying rate for the US dollar rose 21 cents to $119.84. A total of US$49,125,914 was sold versus US$35,323,948 on Thursday, the selling rate moved up by 2 cents to $120.23. The Canadian dollar buying rate fell 92 cents to end at $85.09 with dealers buying C$1,160,529 and selling C$4,684,848, at an average rate that rose $1.35 to $88.70. The rate for buying the British Pound climbed $1.15 to $179.54 for the purchase of £2,055,013, while £729,623 was sold, with the rate losing $1 to $180.55. At the end of trading, it took J$131.48 to purchase the Euro, an decline of 25 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.88 for a 32 cents fall from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$159,711 being bought, while US$113,315 was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $120.45, the lowest buying rate rose 4 cents to $98.74 , the highest selling rate gained 6 cents to end at $126.53 and lowest selling rate remained and $117. The highest buying rate for the Canadian dollar fell $1.60 to $87.90, the lowest buying rate was unchanged at $70.38, the highest selling rate rose 6 cents to $90.80 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, declined 70 cents to end at $182.90. The lowest buying rate gained 83 cents to $145.67, while the highest selling rate climbed $1.07 to end at $187.78 and the lowest selling rate remained at $174.

Flows into the Jamaican foreign exchange market continue to remain strong on Thursday, but with less than the over $40 million, entering the market over the last three trading days, but the rate of the Jamaican dollar slipped against the US dollar and the British pound, but rose against the Canadian dollar.
Dealers bought and sold almost the same amount of foreign currency with the equivalent of US$37,528,023 purchased and US$37,646,794 sold, compared with US$40,650,808 they purchased and US$45,415,068 sold on Wednesday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$1 million with dealers buying US$34,101,622 compared to US$36,006,397 on Wednesday. The buying rate for the US dollar lost 1 cent to $119.63. A total of US$35,323,948 was sold versus US$42,190,336 on Wednesday, the selling rate moved up by 5 cents to $120.21. The Canadian dollar buying rate fell 68 cents to end at $86.01 with dealers buying C$1,391,801 and selling C$652,803, at an average rate that declined 74 cents to $87.35. The rate for buying the British Pound fell 73 cents to $178.39 for the purchase of £1,564,232, while £1,152,327 was sold, with the rate gaining $1.28 to $181.55. At the end of trading, it took J$131.73 to purchase the Euro, an increase of $1.17 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.19 for an increase of $1.25 from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$93,118 being bought, while US$108,235 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 2 cents to $120.45, the lowest buying, the highest and lowest selling rates remained at $98.70, $126.47 and $117 respectively. The highest buying rate for the Canadian dollar gained 90 cents to end at $89.50, the lowest buying rate ended 8 cents higher at $70.38, the highest selling rate rose 11 cents to $90.74 and the lowest selling rate fell 50 cents to $83.50. The highest buying rate for the British Pound, rose $1.60 to end at $183.60. The lowest buying rate gained 75 cents to $144.84, while the highest selling rate climbed $2.03 to end at $186.71 and the lowest selling rate rose 30 cents to $174.

The Jamaican foreign exchange market still remained strong on Wednesday, with more $40 million entering the market, but the rate of the Jamaican dollar slipped against the US dollar, the British pound and the Canadian dollar.
Dealers sold $5 million more foreign currency than they purchased on Wednesday. The equivalent of US$40,650,808 was purchased and US$45,415,068 sold, compared with US$43,508,060 they purchased and US$47,115,930 sold on Tuesday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$6 million with dealers buying US$36,006,397 compared to US$39,170,370 on Tuesday. The buying rate for the US dollar gained 16 cents to $119.64. A total of US$42,190,336 was sold versus US$44,984,754 on Tuesday, the selling rate moved up by 6 cents to $120.16. The Canadian dollar buying rate rose 80 cents to end at $86.69 with dealers buying C$1,959,978 and selling C$1,820,778, at an average rate that rose by 64 cents to $88.09. The rate for buying the British Pound climbed by $1.46 to $179.12 for the purchase of £2,083,411, while £1,131,287 was sold, with the rate gaining $1.26 to $180.27. At the end of trading, it took J$130.56 to purchase the Euro, an increase of 29 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.94 for a decline of 10 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$105,091 being bought, while US$192,701 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 3 cents to $120.43, the lowest buying and the highest selling rates remained at $98.70 and $126.47 respectively and lowest selling rate jumped $16.40 to $117. The highest buying rate for the Canadian dollar gained 25 cents to end at $88.60, the lowest buying rate ended 67 cents lower at $70.30, the highest selling rate fell 75 cents to $90.63 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, rose $1.70 to end at $182. The lowest buying rate fell 91 cents to $144.09, while the highest selling rate lost $2.25 to end at $184.68 and the lowest selling rate rose $1.85 to $173.70.