On Thursday, foreign currencies trading ended with the equivalent of US$26,978,758 bought by dealers, compared with US$28,936,806 on Wednesday, while they sold the equivalent of US$26,028,106, versus US$30,128,813 previously.
In US dollar trading , dealers bought US$24,942,235 compared to US$26,540,452 on Wednesday. The buying rate for the US dollar added 23 cents to $118.19 and US$24,919,250 was sold versus US$29,051,112 on Wednesday, the selling rate rose 1 cent to close at $118.76. The Canadian dollar buying rate fell 35 cents to $86.88, with dealers buying C$597,553 and selling C$435,435, at an average rate that rose 2 cents to $89.14.
The rate for buying the British Pound climbed 53 cents to $180.43 for the purchase of £916,625, while £316,922 was sold, at an average rate that rose 12 cents to end at $182.97. At the end of trading, it took J$134.14 to purchase the Euro, a rise of 26 cents on Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.24, for a fall of 33 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$197,967 being bought, while US$293,765 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 35 cents to $119.30 on Thursday. The lowest buying, the highest and the lowest selling rates remained at $97.19, $124.55 and $97.19 respectively.
The highest buying rate for the Canadian dollar gained $1.20 to $91.20, the lowest buying rate added 16 cents to $71.21, the highest selling rate rose 50 cents to end at $92.50 and the lowest selling rate lost 50 cents to end at $85.50. The highest buying rate for the British Pound, rose 60 cents to $184.50, the lowest buying rate gained 83 cents to $147.49, the highest selling rate climbed $2.31 to $190.14 and the lowest selling rate fell $1 to $176.
J$ value slips slightly on Thursday
FX flows normalise on Wednesday
On Wednesday, foreign currencies trading returned to normalise levels with the equivalent of US$28,936,806 bought by dealers, up sharply from US$84,319,871 on Tuesday, while they sold the equivalent of US$30,128,813, well up on the US$76,815,510 previously.
In US dollar trading , dealers bought US$26,540,452 compared to US$81,554,806 on Tuesday. The buying rate for the US dollar fell 51 cents to $117.96 and US$29,051,112 was sold versus US$74,978,636 on Tuesday, the selling rate rose 1 cent to close at $118.75.
The Canadian dollar buying rate gained 12 cents to $87.23, with dealers buying C$892,891and selling C$551,153, at an average rate that fell 15 cents to $89.12. The rate for buying the British Pound climbed 50 cents to $179.90 for the purchase of £1,080,602, while £410,197 was sold, at an average rate that rose $1.35 to end at $182.85. At the end of trading, it took J$133.88 to purchase the Euro, a fall of 19 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.57, for a rise from Tuesday’s rate of 33 cents. The US dollar equivalent of other currencies traded, amounts to US$88,035 being bought, while US$32,489 was sold.
Highs & Lows| The highest buying rate for the US dollar dropped 10 cents to $118.95 on Wednesday.
The lowest buying and the highest selling rates remained at $97.19, and $124.55 respectively, while the lowest selling rose 41 cents to $97.19. The highest buying rate for the Canadian dollar rose 50 cents to $90, the lowest buying rate remained at $71.05, the highest selling rate loss 50 cents to end at $92 and the lowest selling rate gained 40 cents to end at $86. The highest buying rate for the British Pound, rose $1.90 to $183.90, the lowest buying rate remained at $146.66, the highest selling rate climbed $2.29 to $187.83 and the lowest selling rate rose 70 cents to $177.
FX inflows jump sharply on Tuesday
On Tuesday purchases by dealers of foreign currencies saw buying of the equivalent of US$84,319,871, up sharply from US$40,657,425 on Monday, while they sold the equivalent of US$76,815,510, well up on the US$34,677,307 previously.
In US dollar trading , dealers bought US$81,554,806 compared to US$36,337,858 on Monday. The buying rate for the US dollar rose 48 cents to $118.47 and US$74,978,636 was sold versus US$32,291,854 on Monday, the selling rate rose 2 cents to close at $118.74.
The Canadian dollar buying rate gained 88 cents to $87.11, with dealers buying C$1,081,845 and selling C$681,338, at an average rate that rose 60 cents to $89.27. The rate for buying the British Pound climbed 28 cents to $179.40 for the purchase of £1,141,587, while £533,676 was sold, at an average rate that declined 37 cents to end at $181.50. At the end of trading, it took J$134.07 to purchase the Euro, a rise of 12 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.24, for a fall from Monday’s rate by 4 cents. The US dollar equivalent of other currencies traded, amounts to US$240,864 being bought, while US$508,938 was sold.
Highs & Lows| The highest buying rate for the US dollar increased 5 cents to $119.05 on Tuesday.
The lowest buying, the highest selling and the lowest selling rates remained at $97.19, $124.55 and $96.78 respectively. The highest buying rate for the Canadian dollar fell 50 cents to $89.50, the lowest buying rate rose 8 cents to $71.05, the highest selling rate gained 48 cents to end at $92.50 and the lowest selling rate was up 60 cents to end at $85.60. The highest buying rate for the British Pound, fell $1.40 to $182, the lowest buying rate lost 50 cents to $146.66, the highest selling rate fell $4.17 to $185.54 and the lowest selling rate rose 30 cents to $176.30.
FX market back to normal – Friday
The foreign exchange market returned to normal on Friday the day after Bank of Jamaica had a massive intervention with over the US$100 million market on Thursday. The local currency moved even closer to $120 to the US dollar with a 6 cents fall. Purchases by dealers of foreign currencies saw buying of the equivalent of US$34,967,631 in contrast to large sum of US$124,150,664 on Thursday, while they sold the equivalent of US$28,565,935, well down from US$118,010,252 previously.
In US dollar trading , dealers bought US$30,769,583 compared to US$121,494,099 on Thursday. The buying rate for the US dollar declined 36 cents to $118.08 and US$26,705,554 was sold versus US$116,060,844 on Thursday, the selling rate rose 6 cents to close at $118.68.
The Canadian dollar buying rate fell 17 cents to $86.80, with dealers buying C$789,575 and selling C$779,936, at an average rate that dipped 25 cents to $89.56. The rate for buying the British Pound gained 85 cents to $180.43 for the purchase of £2,171,885, while £784,302 was sold, at an average rate that rose 51 cents to end at $183.09. At the end of trading, it took J$133.12 to purchase the Euro, a rise of 69 cents on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.92, for an increase on Thursday’s rate by $1.47. Other currencies bought,
Highs & Lows| The highest and lowest rates for trading the US dollarwere all unchanged on Friday. The highest and lowest buying, the highest and
lowest selling rates ended at $117.60, $96.19, $123.26 and $96.15 respectively. The highest buying rate for the Canadian dollar fell 90 cents to $90.10, the lowest buying rate remained unchanged at $71.63, the highest selling rate fell 16 cents to end at $92.34 and the lowest selling rate added 70 cents to end at $87. The highest buying rate for the British Pound, remained unchanged at $183.20, the lowest buying rate gained 5 cents to $147.33, the highest selling rate jumped $3 to $189.92 and the lowest selling rate climbed $2 to $178.
J$120 to US$ moved even closer
The selling rate for the Jamaican dollar moved 16 cents closer to $120 to the US dollar on Wednesday which is just over 1 percent away, but the public is buying the US dollar as high as J$124.12 in Wednesday trading.
Purchases by dealers of foreign currencies on Wednesday saw buying of the equivalent of US$26,434,145 in contrast to US$42,927,303 on Tuesday, while they sold the equivalent of US$32,677,054, previously US$39,419,041.
In US dollar trading , dealers bought US$23,310,357 compared to US$40,544,295 on Tuesday. The buying rate for the US dollar fell 14 cents to $117.68 and US$31,118,844 was sold versus US$37,654,298 on Tuesday, the selling rate rose 16 cents to close at $118.59.
The Canadian dollar buying rate eased 5 cents to $86.86, with dealers buying C$667,523 and selling C$457,173, at an average rate that climbed 85 cents to $89.09. The rate for buying the British Pound gained 87 cents to $178.78 for the purchase of £1,669,615, while £710,537 was sold, at an average rate that rose $1.48 to end at $182.27. At the end of trading, it took J$132.46 to purchase the Euro, an increase of 40 cents on Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.81, a rise of $1.06 on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$94,758, while the equivalent of US$122,637 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $119.30, the lowest buying rate inched up 8 cents to $96.86 and the
highest selling rate added 11 cents to end at $124.12 and the lowest selling rate jumped $16.87 to $115.30. The highest buying rate for the Canadian dollar climbed $1.11 to $90.50, the lowest buying rate is up 42 cents to $70.97 and highest selling rate added $1.38 to end at $93, the lowest selling rate remained unchanged at $85. The highest buying rate for the British Pound, climbed 20 cents to $182.70, the lowest buying rate jumped $2.32 to $146.41, the highest selling rates leapt $3 to $188.75 and the lowest selling rates gained $2.40 to $176.
J$ smelling $120 to US$1 on Tuesday
The selling rate for the Jamaican dollar is within smelling distance from $120 to the US dollar on Tuesday. Purchases by dealers of foreign currencies on Tuesday saw dealers buying the equivalent of US$42,927,303 in contrast to US$23,781,584 on Monday, while they sold the equivalent of US$39,419,041, previously US$27,537,023.
In US dollar trading , dealers bought US$40,544,295 compared to US$20,212,171 on Monday.
The buying rate for the US dollar rose 69 cents to $117.82 and US$37,654,298 was sold versus US$26,270,588 on Monday, the selling rate rose 9 cents to close at $118.43. The Canadian dollar buying rate climbed $1.04 to $86.91, with dealers buying C$1,003,271 and selling C$587,023, at an average rate that slipped 25 cents to $88.24. The rate for buying the British Pound gained 80 cents to $177.91 for the purchase of £1,006,635, while £771,681 was sold, at an average rate that rose $1.65 to end at $180.79. At the end of trading, it took J$132.06 to purchase the Euro, an increase of 72 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.75, a fall of 10 cents on Monday’s rate. Other currencies bought, amounted to the equivalent of US$122,771, while the equivalent of US$149,320 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 30 cents to $119.15, the lowest buying and the highest selling rates remain unchanged
at $96.78 and $124.01 respectively and the lowest selling rate rose $2.07 to $98.43. The highest buying rate for the Canadian dollar rose 14 cents to $89.39, the lowest buying rate fell 25 cents to $70.55 and highest selling rate added 15 cents to end at $91.62, the lowest selling rate remained unchanged at $85. The highest buying rate for the British Pound, climbed 70 cents to $182.50, the lowest buying, the highest and the lowest selling rates were unchanged at $144.09, $185.75 and $173.60 respectively.
J$ at lowest against US on Monday
The selling rate for the Jamaican dollar fell to it’s lowest, against the US dollar on Monday, with US$6 million more sold than bought. Purchases by dealers of foreign currencies on Monday, resulted in the Jamaican currency selling rate slipping against the Canadian dollar and the British Pound.
The market closed with dealers buying the equivalent of US$23,781,584 in contrast to US$43,580,467 on Friday, while they sold the equivalent of US$27,537,023, previously US$34,164,793.
In US dollar trading , dealers bought US$20,212,171 compared to US$40,116,402 on Friday. The buying rate for the US dollar declined 55 cents to $117.13 and US$26,270,588 was sold versus US$27,537,023 on Friday, the selling rate rose 18 cents to close at $118.34. The Canadian dollar buying rate fell 47 cents to $85.87, with dealers buying C$1,123,358 and selling C$669,416, at an average rate that slipped 90 cents to $88.49.
The rate for buying the British Pound fell 77 cents to $177.11 for the purchase of £1,693,501, while £459,251 was sold, at an average rate that fell 24 cents to end at $179.14. At the end of trading, it took J$131.34 to purchase the Euro, an increase of 23 cents on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.85, a rise of 47 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$185,140, while the equivalent of US$70,662 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 10 cents to $118.85, the lowest buying rate gained 9 cents to $96.78 and the highest selling rate rose 32 cents to $124.01.
The lowest selling rate dived $17.64 to $96.36. The highest buying rate for the Canadian dollar lost 15 cents to $89.25, the lowest buying rate closed 33 cents higher at $70.80 and highest selling rate remained unchanged at $91.47. The lowest selling rate added 10 cents to end at $85. The highest buying rate for the British Pound, climbed $1.20 to $181.80, the lowest buying rate eased 45 cents to $144.09, the highest selling rate dropped $1.70 to $185.75 and the lowest selling rate lost 40 cents to $173.60.
J$ steady against US on Friday
The selling rate for the Jamaican dollar was fairly stable against the US dollar on Friday as there was nearly US$8 million more bought than sold. Purchases by dealers of foreign currencies on Friday, resulted in the Jamaican currency selling rate slipping against the Canadian dollar and rising against the British Pound. The market closed with dealers buying the equivalent of US$43,580,467 in contrast to US$26,547,793 on Thursday, while they sold the equivalent of US$34,164,793, previously US$29,211,572.
In US dollar trading , dealers bought US$40,116,402 compared to US$23,903,351 on Thursday. The buying rate for the US dollar rose 23 cents to $117.68 and US$32,636,062 was sold versus US$27,572,536 on Thursday, the selling rate gained 1 cent to close at $118.16.
The Canadian dollar buying rate fell $1.14 to $86.34, with dealers buying C$760,150 and selling C$908,138, at an average rate that rose 50 cents to $89.39. The rate for buying the British Pound rose 93 cents to $177.88 for the purchase of £1,861,676, while £453,758 was sold, at an average rate that fell 92 cents to end at $179.38. At the end of trading, it took J$131.11 to purchase the Euro, down $1.43 on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.38, a decline of $1.45 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$92,322, while the equivalent of US$152,862 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $118.75, the lowest buying rate gained 16 cents to $96.69 and the highest selling rate remained at $123.69.
The lowest selling rate fell 70 cents to $114. The highest buying rate for the Canadian dollar lost 40 cents to $89.40, the lowest buying closed unchanged at $70.47 and highest selling rate put on 37 cents to $91.47. The lowest selling rate added 90 cents to end at $84.90. The highest buying rate for the British Pound, fell 10 cents to $180.60, the lowest buying rate eased 21 cents to $144.54, the highest selling rate jumped $3.41 to $187.45 and the lowest selling rate lost $1 to $174.
J$ falls lower on Thursday
The selling rate for the Jamaican dollar continues to decline against the US dollar on Thursday. Purchases by dealers of foreign currencies on Thursday, resulted in the Jamaican currency selling rate also slipping against the British Pound and rising moderately against the Canadian dollar.
The market closed with dealers buying the equivalent of US$26,547,793 in contrast to US$31,823,526 on Wednesday, while they sold the equivalent of US$29,211,572, previously US$35,037,208.
In US dollar trading , dealers bought US$23,903,351 compared to US$28,564,957 on Wednesday. The buying rate for the US dollar rose 9 cents to $117.45 and US$27,572,536 was sold versus US$33,039,394 on Wednesday, the selling rate gained 13 cents to close at $118.15.
The Canadian dollar buying rate rose 13 cents to $87.48, with dealers buying C$1,242,365 and selling C$626,370, at an average rate that fell 6 cents to $88.89. The rate for buying the British Pound declined by $1.25 to $176.95 for the purchase of £955,925, while £664,231 was sold, at an average rate that rose 94 cents to end at $180.30. At the end of trading, it took J$132.54 to purchase the Euro, down 23 cents on Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.83, a decline of 17 cents on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$278,949, while the equivalent of US$154,191 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 22 cents to $118.70, the lowest buying and the highest selling rates remained at $96.53 and $123.69 respectively.
The lowest selling rate rose $16.44 to $114.70. The highest buying rate for the Canadian dollar lost 5 cents to $89.80, the lowest buying rate lost 50 cents to $70.47 and highest selling rate fell 90 cents to $91.10. The lowest selling rate decline $1.20 to end at $84. The highest buying rate for the British Pound, fell $1.12 to $180.70, the lowest buying rate fell 33 cents to $144.75, the highest selling rate dropped $3 to $184.04 and the lowest selling rate rose by $1.60 to $175.


