The Jamaican foreign exchange market remained buoyant on Tuesday, with more $43 million entering the market, but the rate of the Jamaican dollar slipped moderately against the US dollar and the British pound, with the latest selling rate for the US rising to $120.10. The local currency made gains on the Canadian dollar.
Funds purchased by dealers were below the amounts sold by $3.6 million. The equivalent of US$43,508,060 was purchased and the equivalent of US$47,115,930 sold, compared with US$54,650,382 they purchased and US$55,741,013 sold on Monday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$4.8 million with dealers buying US$39,170,370 compared to US$51,011,470 on Monday. The buying rate for the US dollar fell 11 cents to $119.48. A total of US$44,984,754 was sold versus US$53,616,142 on Monday, the selling rate moved up by 7 cents to $120.10. 
The Canadian dollar buying rate rose 2 cents to end at $85.89 with dealers buying C$1,425,785 and selling C$747,774, at an average rate that declined by 73 cents to $87.45. The rate for buying the British Pound climbed by 83 cents to $177.66 for the purchase of £2,007,951, while £671,544 was sold, with the rate gaining 53 cents to $179.01. At the end of trading, it took J$130.27 to purchase the Euro, a fall of 43 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.84 for a decline of 32 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,015 being bought, while US$585,694 was sold.
Highs & Lows| The highest buying rate for the US dollar, 
rose by 10 cents to $120.40, the lowest buying rate put on 4 cents to $98.70, the highest selling rate gained 5 cents to $126.47 and lowest selling rate jumped $1.94 to $100.60. The highest buying rate for the Canadian dollar dropped $1.15 to end at $88.35, the lowest buying rate ended 41 cents lower at $70.97, the highest selling rate fell 64 cents to $91.38 and the lowest selling rate jumped $10.66 to $83.50. The highest buying rate for the British Pound, fell $1.20 to end at $180.30. The lowest buying rate fell 25 cents to $145, while the highest selling rate lost 32 cents to end at $186.93 and the lowest selling rate declined by $2.15 to $171.85.
Jamaican$ lost ground to US – Tuesday
Jamaican $120.03 to US holds – Monday
More funds flowed into the Jamaican foreign exchange market on Monday than on Friday, with the rate of the Jamaican dollar holding against the US dollar, with the latest selling rate for the US remaining at $120.03. The local currency made gains on the British pound and the Canadian dollar.
Funds purchased by dealers were below the amounts sold by $1 million with the equivalent of US$54,650,382 being purchased and the equivalent of US$55,741,013 sold, compared with US$38,210,272 they purchased and US$32,468,928 sold on Friday. One week ago on Monday November 30, dealers bought $44.6 million and sold US41.4 million equivalent.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$2.6 million with dealers buying US$51,011,470 compared to US$34,482,286 on Friday. The buying rate for the US dollar gained 9 cents to $119.59 and US$53,616,142 was sold versus US$30,528,147 on Friday, the selling rate remained at $120.03, 
The Canadian dollar buying rate fell $1.09 to end at $85.87 with dealers buying C$1,869,227 and selling C$1,085,803, at an average rate that declined by $1.06 to $88.18. The rate for buying the British Pound declined by 94 cents to $176.83 for the purchase of £1,264,655, while £483,586 was sold, with the rate falling 84 cents to $178.48. At the end of trading, it took J$130.70 to purchase the Euro, a climb of 49 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.16 for a rise of 62 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$426,901 being bought, while US$608,134 was sold.
Highs & Lows| The highest buying rate for the US dollar, 
the lowest buying and the highest selling rates were unchanged at $120.30, $98.66 and $126.42 respectively but the lowest selling rate dropped sharply by $18.34 to $98.66. The highest buying rate for the Canadian dollar dropped 30 cents to end at $89.50, the lowest buying rate ended unchanged at $71.38, the highest selling rate fell 98 cents to $92.02 and the lowest selling rate dived $12.16 to $72.84. The highest buying rate for the British Pound, rose 50 cents to end at $181.50. The lowest buying rate gained 41 cents to $145.25, while the highest selling rate climbed by $2.26 to $187.25 and the lowest selling rate rose by 50 cents to $174.
It’s now $120.03 Jamaican to US$1
More funds flowed into the foreign exchange market on Friday but that did prevent the Jamaican dollar from losing value against the US, with the latest selling rate for the US dollar officially crossing the new landmark of $120, for the first time. The local currency made modest gains on the pound but slipped against the Canadian dollar.
The decline in the local currency which started in earnest in the mid to late 1970s and worsened in the 1990s, is coming from 77 US cents for j$1, back in late 1960s and has lost value as governments pursued ruinous economic and social policies, that led to high inflation, high interest rates, a mostly overvalued currency, flight of capital and closure of once viable enterprises. The poor policy decisions also led to a major collapse of the financial sector in the mid to late 1990s that ultimately heaped hundred of billions of dollars of debt on the country.
Funds purchased by dealers exceeded the amounts sold by $6 million. The equivalent of US$38,210,272 was purchased and the equivalent of US$32,468,928 was sold, compared with US$29,610,178 they purchased and US$30,889,097 sold on Thursday.
In US dollar trading , dealers bought US$34,482,286 compared to US$26,774,865 on Thursday.
The buying rate for the US dollar gained 18 cents to $119.50 and US$30,528,147 was sold versus US$29,627,807 on Thursday, the selling rate rose 4 cents to $120.03, The Canadian dollar buying rate fell 4 cents to end at $86.96 with dealers buying C$1,284,103 and selling C$857,019, at an average rate that rose 35 cents to $89.24. The rate for buying the British Pound climbed 98 cents to $177.77 for the purchase of £1,076,624, while £679,010 was sold, with the rate falling 2 cents to $179.32. At the end of trading, it took J$130.21 to purchase the Euro, a big jump of $3.37 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.54 for a rise of $3.33 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$439,193 being bought, while US$289,232 was sold.
Highs & Lows| The highest buying rate for the US dollar on Friday, gained 10 cents to $120.30 while the lowest buying, the highest and the lowest selling rates were unchanged at $98.66, $126.42 and $117 respectively. The highest buying rate for the Canadian dollar dropped $3.20 to end at $89.80, the lowest buying rate climbed 41 cents to $71.38, the highest selling rate fell $1 to $93 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, fell 50 cents to end at $181. The lowest buying rate gained 42 cents to $144.84, while the highest selling rate fell $1.19 to $184.99 and the lowest selling rate rose by 50 cents to $173.50.
Almost $120 Jamaican vs US – Thursday
The Jamaican dollar lost value against the US and the Pound on Thursday, with only 1 cents separating the latest selling rate for the US dollar from what would be new landmark of $120. The local currency made modest gains on Canadian dollar. Funds purchased by dealers were closely matched with the amounts sold.
The equivalent of US$29,610,178 was purchased and the equivalent of US$30,889,097 was sold, compared with US$29,557,919 they purchased and US$37,613,356 sold on Wednesday. In US dollar trading , dealers bought US$26,774,865 compared to US$25,882,409 on Wednesday.
The buying rate for the US dollar gained 5 cents to $119.32 and US$29,627,807 was sold versus US$35,819,736 on Wednesday, the selling rate rose 3 cents to $119.99. The Canadian dollar buying rate rose 10 cents to end at $87 with dealers buying C$1,227,415 and selling C$630,679, at an average rate that fell 70 cents to $88.89. The rate for buying the British Pound dropped $1.39 to $176.79 for the purchase of £1,076,624, while £508,977 was sold, with the rate rising 62 cents to $179.34. At the end of trading, it took J$126.84 to purchase the Euro, a fall of 36 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.22 for a decline of 39 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$345,225 being bought, while US$33,379 was sold.
Highs & Lows| On Thursday, the highest buying rate for the US dollar fell 10 cents to $120.20 while the lowest buying,
the highest and the lowest selling rates were unchanged at $98.66, $126.42 and $117 respectively. The highest buying rate for the Canadian dollar jumped $2.53 to end at $93, the lowest buying rate fell 41 cents to $70.97, the highest selling rate jumped $1.98 to $94 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, climbed $1.38 to end at $181.50. The lowest buying rate fell 58 cents to $144.42, the highest selling rate jumped $1.87 to $186.18 and the lowest selling rate declined by 80 cents to $173.
Jamaican $ slips vs. US – Wednesday
The Jamaican dollar lost value against the US and Canadian dollars, but made modest gains on the Pound on Wednesday. Funds purchased by dealers were much less than the amount sold by US$8 million. The equivalent of US$29,557,919 was purchased and the equivalent of US$37,613,356 was sold, compared with US$30,303,656 they purchased and US$40,066,275 sold on Tuesday.
In US dollar trading , dealers bought US$25,882,409 compared to US$26,764,918 on Tuesday. The buying rate for the US dollar gained 1 cent to $119.27 and US$35,819,736 was sold versus US$37,677,186 on Tuesday, the selling rate rose 5 cents to $119.96. 
The Canadian dollar buying rate rose 2 cents to end at $86.90 with dealers buying C$1,189,875 and selling C$1,293,626, at an average rate that jumped $1.30 to $89.59. The rate for buying the British Pound jumped $1.82 to $178.18 for the purchase of £1,821,912, while £494,520 was sold, with the rate falling 51 cents to $178.72. At the end of trading, it took J$127.20 to purchase the Euro, a rise of 53 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.61 for a rise of 56 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$86,949 being bought, while US$90,845 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar rose 20 cents to $120.30 while the lowest buying and the highest selling 
rates were unchanged at $98.66 and $126.42 respectively and the lowest selling rate leapt $18.34 to $117. The highest buying rate for the Canadian dollar fell 36 cents to end at $90.47, the lowest buying rate held at $71.38, the highest selling rate inched down by 6 cents to $92.02 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, dropped by $1.30 to end at $180.12. The lowest buying rate rose 41 cents to $145, the highest selling rate dipped $2.08 to $184.31 and the lowest selling rate rose 10 cents to $173.80.
J$ makes gains on Monday
On Monday, the Jamaican dollar mostly rose against the three major currencies it normally trades against, in the foreign exchange market. Purchasing by dealers was slightly more than the funds they sold. At the close of trading, dealers bought the equivalent of US$44,621,458 and sold the equivalent of US$41,429,650, compared with US$40,251,301 they purchased and US$39,350,916 sold on Friday.
In US dollar trading , dealers bought US$40,585,146 compared to US$36,593,430 on Friday. The buying rate for the US dollar fell 20 cents to $119.25 and US$39,341,893 was sold versus US$37,420,311 on Friday, the selling rate fell 4 cents to $119.93.
The Canadian dollar buying rate fell 55 cents to end at $86.81 with dealers buying C$1,993,998 and selling C$752,076, at an average rate that dropped 54 cents to $88.15. The rate for buying the British Pound declined $1.90 to $177.01 for the purchase of £1,658,881, while £513,635 was sold, with the rate rising 61 cents to $179.81. At the end of trading, it took J$127.10 to purchase the Euro, a fall of 26 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.66 for a rise of 25 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$122,185 being bought, while US$764,928 was sold. Highs & Lows| On Monday, the highest buying rate for the US dollar rose 15 cents to $120.25 
while the lowest buying and the highest selling rates were unchanged at $98.66 and $126.42 respectively and the lowest selling rate jumped $1.94 to $100.60. The highest buying rate for the Canadian dollar fell 40 cents to end at $89.60, the lowest buying rate rose 58 cents to $71.38, the highest selling rate dipped 15 cents to $92.02 and the lowest selling rate eased by 30 cents to $84.50. The highest buying rate for the British Pound, declined by 60 cents to end at $180.40. The lowest buying rate fell gained 17 cents to $144.59, the highest selling rate jumped $3.24 to $187.50 and the lowest selling rate fell $1 to $173.
J$ slips against all on Friday
On Friday, the Jamaican dollar slipped against the three major currencies it usually trades against, in the foreign exchange market. Purchasing by dealers was just slightly more than the funds they sold. At the close of trading, dealers bought the equivalent of US$40,251,301 and sold the equivalent of US$39,350,916, compared with US$16,888,330 they purchased and US$24,496,549 sold on Thursday.
US dollar trading , dealers bought US$36,593,430 compared to US$14,549,371 on Thursday. The buying rate for the US dollar rose 51 cents to $119.45 
and US$37,420,311 was sold versus US$20,657,823 on Thursday, the selling rate rose 4 cents to $119.97. The Canadian dollar buying rate fell 3 cents to end at $87.36 with dealers buying C$1,562,984 and selling C$1,203,103, at an average rate that dropped 87 cents to $88.69. The rate for buying the British Pound jumped $1.75 to $178.91 for the purchase of £1,598,967, while £622,047 was sold, with the rate falling $1.36 to $179.20. At the end of trading, it took J$127.36 to purchase the Euro, a rise of 27 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.41 for a fall of 15 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$120,061 being bought, while US$111,998 was sold.
Highs & Lows| On Friday, the highest and lowest buying rates for the 
US dollar and the highest and the lowest selling rates were all unchanged at $120.10, $98.66, $126.42 and $98.66 respectively. The highest buying rate for the Canadian dollar fell $1 to end at $90, the lowest buying rate dipped 83 cents to $70.80, the highest selling rate rose 49 cents to $92.17 and the lowest selling rate was unchanged at $84.50. The highest buying rate for the British Pound, remained at $181. The lowest buying rate fell by 83 cents to $144.42, the highest selling rate dropped $2.99 to $184.26 and the lowest selling rate was unchanged at $174.
No price change for TTSE – Friday
Trading on the Trinidad and Tobago Stock Exchange was moderate Friday, ending with 14 active securities but there were no prices changes based on last traded prices and only 60,287 shares changed hands for a value of $1,263,624.
At the close, the Composite Index ending with a fall of 1.82 points at 1,158.66, the
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
Firm Trades| Agostini’s traded 170 shares at $18.20, ANSA McAL contributed 200 shares and ended at $67, Ansa Merchant Bank traded 500 units to close at $38.96, Clico Investment Fund closed with 7,389 shares changing hands at $22.65. 
First Citizens Bank traded 6,769 shares to close at $35.01, Guardian Holdings with 5,680 shares changing hands, closed at $12.90, Massy Holdings closed at $61.95 with 20 shares changing hands, National Commercial Bank traded 10,200 shares at $1.95. National Enterprises with 350 shares changing hands at $16.49, National Flour with 1,000 shares ended at $2.22, Republic Bank closed at $112, with 1,000 shares changing hands. Sagicor Financial Corporation closed with 8,377 shares changing hands at $6.03, One Caribbean Media ended with 17,205 shares valued at $378,510, changing hands at $22.05 and West Indian Tobacco added 1,427 shares and ended at $126.15.
J$ slips against all on Thursday
On Thursday the Jamaican dollar slipped against the three major currencies it usually trades against in the foreign exchange market. Purchasing by dealers was US$7.6 million less than the funds they sold. At the close of the market, the equivalent of only US$16,888,330 was bought by dealers with the equivalent of US$24,496,549 sold, compared with US$32,919,431 they purchased and US$37,604,938 sold on Wednesday.
In US dollar trading , dealers bought US$14,549,371 compared to US$30,545,842 on Wednesday. The buying rate for the US dollar declined 34 cents to $118.94 and US$20,657,823 was sold versus US$35,916,393 on Wednesday, the selling rate rose 6 cents to $119.93. 
The Canadian dollar buying rate fell 8 cents to end at $87.39 with dealers buying C$942,453 and selling C$646,643, at an average rate that gained 26 cents to $89.56. The rate for buying the British Pound fell 81 cents to $177.16 for the purchase of £1,008,120, while £383,784 was sold, with the rate rising 97 cents to $180.56. At the end of trading, it took J$127.09 to purchase the Euro, a fall of 46 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.56 for a fall of 49 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$144,899 being bought, while US$2,778,069 was sold.
Highs & Lows| On Thursday, the highest and lowest buying rates for the US dollar and the highest selling rate were unchanged at $120.10, $98.66 and $126.42, respectively. 
The lowest selling rate declined by $18.34 to $98.66. The highest buying rate for the Canadian dollar fell 40 cents to end at $91, the lowest buying rate remained at $71.63, the highest selling rate fell 66 cents to at $91.68 and the lowest selling rate declined by $1 to $84.50. The highest buying rate for the British Pound, rose 50 cents to end at $181. The lowest buying rate was unchanged at $145.25, the highest selling rate jumped $3.12 to $187.25 and the lowest selling rate was down by $1 to end at $174.
J$ firm vs US up on others – Wednesday
Trading in Jamaica’s foreign exchange market saw US$4.7 million more funds flowing out of the market than the amount entering on Wednesday but the Jamaican dollar held against the US and gained against others. At the close of trading, the equivalent of US$32,919,431 was bought by dealers, compared with US$38,773,432 on Tuesday, while they sold the equivalent of US$37,604,938 versus US$32,724,247 previously.
In US dollar trading , dealers bought US$30,545,842 compared to US$33,795,098 on Tuesday. The buying rate for the US dollar decline 4 cents to $119.28 and US$35,916,393 was sold versus US$30,120,276 on Tuesday, the selling rate was unchanged at $119.87. 
The Canadian dollar buying rate fell 73 cents to end at $87.47 with dealers buying C$1,021,907 and selling C$938,883, at an average rate that shed 29 cents to $89.30. The rate for buying the British Pound fell $1.64 to $177.97 for the purchase of £1,041,355, while £499,144 was sold, with the rate falling 98 cents to $179.59. At the end of trading, it took J$127.55 to purchase the Euro, a rise of 27 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.05 for an increase of 39 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$70,476 being bought, while US$241,278 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar rose 12 cents to $120.10, the lowest buying rate was unchanged at $98.66 and the highest selling rate remained at $126.42. 
The lowest selling rate jumped $18.34 to $117. The highest buying rate for the Canadian dollar rose 40 cents to end at $91.40, the lowest buying rate gained 25 cents to $71.63, the highest selling rate is up 9 cents to at $92.34 and the lowest selling rate ended higher by 50 cents to $85.50. The highest buying rate for the British Pound, dropped $1.50 to end at $180.50. The lowest buying rate increased by 33 cents to $145.25, the highest selling rate dropped $2.69 to $184.23 and the lowest selling rate rose $1 to end at $175.