Tuesday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of US$34,883,289 in contrast to US$44,006,677 on Monday, while they sold the equivalent of US$38,197,799 versus US$45,314,596 previously.
In US dollar trading, dealers bought US$27,766,608 compared to US$40,659,188 on Monday. The buying rate for the US dollar rose 6 cents to $116.35 and US$35,932,831 was sold versus US$42,723,695 on Monday, the selling rate fell 1 cent to $116.98. The Canadian dollar buying rate rose 58 cents to $92.56 with dealers buying C$1,573,168 and selling C$889,991, at an average rate that declined 46 cents to $93.84. 
The rate for buying the British Pound increased $1.99 cents to $182.25 for the purchase of £3,643,918, while £869,965 was sold, at an average rate that fell 10 cents to $183.78. At the end of trading, it took J$130.45 to purchase the Euro, 20 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.72 for 36 cents less than Monday’s rate. Other currencies bought, amounted to the equivalent of US$157,210, while the equivalent of US$184,358 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 3 cents to $117.10, the lowest buying rate dropped $4.61 to $91, the highest selling rates put on 26 cents $122.78, while the lowest selling rate remained at $95.61. 
The highest buying rate for the Canadian dollar jumped $2.58 to $96.88, the lowest buying rate gained 4 cents at $75.03. The highest selling rate dipped $1.37 to $96.73 and the lowest selling rate lost 35 cent to $90. The highest buying rate for the British Pound, fell 45 cents to $183.90, the lowest buying rate remained at $147.82, with the highest selling rate diving $3.19 to $187.38 and the lowest selling rate fell $1.40 to $176.70.
J$ 1 cent from $117 to US$1 Monday
Monday’s trading in foreign currencies in Jamaican came down from the lofty heights of Friday’s trading as foreign exchange dealers bought the equivalent of US$44,006,677, in contrast to US$109,789,460 on Friday, while they sold the equivalent of US$45,314,596 versus US$86,467,457 previously.
In US dollar trading, dealers bought US$40,659,188 compared to US$104,883,104 on Friday. The buying rate for the US dollar declined 43 cents to $116.29 and US$42,723,695 was sold versus US$83,731,477 on Friday, the selling rate rose 7 cents to $116.99. The Canadian dollar buying rate fell $1.38 to $91.98 with dealers buying C$1,474,785 and selling C$633,071, at an average rate that declined 14 cents to $94.30. 
The rate for buying the British Pound lost $1.58 cents to $180.26 for the purchase of £1,100,105, while £825,122 was sold, at an average rate that climbed 17 cents to $183.88. At the end of trading, it took J$130.26 to purchase the Euro, 57 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.08 for 4 cents less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$475,673, while the equivalent of US$783,772 was sold.
Highs & Lows| The highest buying rate for the US dollar dipped 3 cents to $117.07, the lowest buying rate and the highest selling rates remained at $$95.61 and $122.52, respectively while the lowest selling rate dropped $17.69 to $95.61. The highest buying rate for the Canadian dollar moved down 30 cents to $94.30, the lowest buying rate gained 4 cents at $74.99. 
The highest selling rate rose $1.55 to $98.10 and the lowest selling rate lost $1.45 to $90.35. The highest buying rate for the British Pound, fell 65 cents to $184.35, the lowest buying rate put on 8 cents to $147.82, with the highest selling rate rising $2.57 to $190.57 and the lowest selling rate climbed $1.60 to $178.10.
Huge forex trading in Jamaica Friday
NCB buys US$32.9m on Friday
Scotia Bank bought US$18.7 million and sold US$16.8 million while National Commercial Bank bought US$32.85 and sold only US$21.5 million, the next largest trade was Sagicor Bank with US$10.9 million bought to US$8.6 million sold.
In US dollar trading, dealers bought US$104,883,104 compared to US$27,666,499 on Thursday. The buying rate for the US dollar increased 50 cents to $116.72 and US$83,731,477 was sold versus US$26,103,111 on Thursday, the selling rate rose 3 cents to $116.92. The Canadian dollar buying rate rose $1.05 to $93.36 with dealers buying C$2,034,353 and selling C$1,742,563, at an average rate that rose 2 cents to $94.44.
The rate for buying the British Pound gained 48 cents to $181.84 for the purchase of £1,661,063, while £785,759 was sold, at an average rate that climbed 34 cents to $183.71. At the end of trading, it took J$130.83 to purchase the Euro, 20 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.13 for 21cents more than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$691,331, while the equivalent of US$93,900 was sold.Highs & Lows| The highest buying rate for the US dollar dipped 12 cents to $117.10, the lowest buying rate jumped $4.91 to $95.61. The highest selling rate remained at $122.52 and the lowest selling rate jumped $17.69 to $113.30.
The highest buying rate for the Canadian dollar moved down $1.40 to $94.60, the lowest buying rate remained at $74.95. The highest selling rate declined $1.45 to $96.55 and the lowest selling rate rose $1.50 to $91.80. The highest buying rate for the British Pound, rose 85 cents to $185, the lowest buying rate remained at $147.74, with the highest selling rate rising $1.08 to $188 and the lowest selling rate climbed $1.70 to $179.70.
J$ just 11 cents away from $117 to US
The J$ is just 11 cents away from $117 to the US dollar on Thursday
In US dollar trading, dealers bought US$27,666,499 compared to US$26,945,527 on Wednesday. The buying rate for the US dollar increased 11 cents to $116.22 and US$26,103,111 was sold versus US$33,784,230 on Wednesday, the selling rate rose 9 cents to $116.89. The Canadian dollar buying rate fell 36 cents to $92.31 with dealers buying C$870,248 and selling C$445,174, at an average rate that fell 28 cents to $94.42.
The rate for buying the British Pound gained 49 cents to $181.36 for the purchase of £955,239, while £755,546 was sold, at an average rate that declined 46 cents to $183.37. At the end of trading, it took J$130.63 to purchase the Euro, 12 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.92 for 4 cents more than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$98,887, while the equivalent of US$374,801 was sold.Highs & Lows| The highest buying rate for the US dollar rose 12 cents to $117.22, the lowest buying rate dropped $4.91 to $90.70. The highest and lowest selling rates remained at $122.52 and $95.61 respectively.
The highest buying rate for the Canadian dollar moved up $1.40 to $96, the lowest buying rate remained at $74.95. The highest selling rate added 60 cents to $98 and the lowest selling rate dipped $1.50 to $90.30. The highest buying rate for the British Pound, rose 15 cents to $184.15, the lowest buying rate remained at $147.74, with the highest selling rate falling $3.54 to $186.92 and the lowest selling rate dipped $2 to $178.
J$ edges closer to $117 to the US
The Jamaican dollar lost ground on Wednesday against the US dollar as it edges close to J$117 and the Pound but gained on the Canadian dollar.The Jamaican dollar which started the year at $114.66 to the US dollar has so far lost nearly 2 percent, with inflation at roughly zero, the currency has gained a bit in competitiveness this year as well as since October last year with negative inflation between then and December.
Dealers bought the equivalent of US$30,175,916 compared with US$33,052,701 on Tuesday, while they sold the equivalent of US$36,534,605 versus US$35,474,277 previously.
In US dollar trading, dealers bought US$26,945,527 compared to US$29,480,545 on Tuesday. The buying rate for the US dollar increased 3 cents to $116.11 and US$33,784,230 was sold versus US$32,534,666 on Tuesday, the selling rate rose 10 cents to $116.80. The Canadian dollar buying rate fell 3 cents to $92.67 with dealers buying C$1,157,439 and selling C$845,699, at an average rate that fell 5 cents to $94.70. 
The rate for buying the British Pound lost 97 cents to $180.87 for the purchase of £1,179,293, while £657,132 was sold, at an average rate that rose 3 cents to $183.83. At the end of trading, it took J$130.51 to purchase the Euro, $2.43 less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.87 for $2.30 less than Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$469,585, while the equivalent of US$1,030,411 was sold.
Highs & Lows| The highest buying rate for the US dollar fell 5 cents to $117.10, the lowest buying and the highest selling rates remained at $95.61 and $122.52 respectively, but the lowest selling rate dropped $18.39 to $95.61. 
The highest buying rate for the Canadian dollar declined 90 cents to $94.60, the lowest buying rate ended 58 cents lower at $74.95. The highest selling rate was down 60 cents to $97.40 and the lowest selling rate climbed $1.20 to $91.80. The highest buying rate for the British Pound, remained at $184, the lowest buying rate fell 83 cents to $147.74, with the highest selling rate rising $2.81 to $190.46 and the lowest selling rate climbed $1 to $180.
Ja$ loses value vs US on Tuesday
The Jamaican dollar lost ground on Tuesday against the US dollar but gained on the Canadian dollar and the Pound. Dealers bought the equivalent of US$33,052,701 compared with US$38,566,283 on Monday, while they sold the equivalent of US$35,474,277 versus US$33,558,404 previously.
In US dollar trading, dealers bought US$29,480,545 compared to US$35,549,329 on Monday. The buying rate for the US dollar increased 12 cents at $116.08 and US$32,534,666 was sold versus US$31,984,474 on Monday, the selling rate rose 5 cents to $116.70. The Canadian dollar buying rate rose 32 cents to $92.70 with dealers buying C$1,040,772 and selling C$781,080, at an average rate that fell 33 cents to $94.75.
The rate for buying the British Pound gained 69 cents to $181.84 for the purchase of £1,661,629, while £960,999 was sold, at an average rate that dropped 77 cents to $183.80. At the end of trading, it took J$132.94 to purchase the Euro, 78 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.18 for 65 cents more than Monday’s rate. Other currencies bought, amounted to the equivalent of US$138,081, while the equivalent of US$791,938 was sold.
Highs & Lows| The highest buying rate for the US dollar dropped $3.36 to $117.15 the lowest buying and the highest selling rates remained at $95.61 and $122.52 respectively but the lowest selling rate leapt $18.64 to $114. 
The highest buying rate for the Canadian dollar rose 30 cents to $95.50, the lowest buying rate ended 12 cents lower at $75.53. The highest selling rate was down 17 cents to $98 and the lowest selling rate fell 55 cents to $90.60. The highest buying rate for the British Pound, dipped 60 cents to $184, the lowest buying rate gained 33 cents to $148.57, with the highest selling rate falling $3.45 to $187.65 and the lowest selling rate climbed 40 cents to $179.
J$ gains value on Monday
The Jamaican dollar gained ground on Monday against the US and Canadian dollars and the Pound as dealers bought the equivalent of US$38,566,283 compared with US$31,243,493 on Friday, while they sold the equivalent of US$33,558,404 versus US$30,952,352 previously.
In US dollar trading, dealers bought US$35,549,329 compared to US$27,235,624 on Friday. The buying rate for the US dollar declined 11 cents at $115.96 and US$31,984,474 was sold versus US$28,289,318 on Friday, the selling rate fell 1 cent to $116.65. 
The Canadian dollar buying rate dropped $1.28 to $92.38 with dealers buying C$942,773 and selling C$649,533, at an average rate that fell 2 cents to $95.08. The rate for buying the British Pound gained 22 cents to $181.15 for the purchase of £1,348,215, while £578,473 was sold, at an average rate that dropped $2.09 to $184.57. At the end of trading, it took J$132.16 to purchase the Euro, 74 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.53 for 62 cents less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$159,912, while the equivalent of US$129,218 was sold.
Highs & Lows| The highest buying rate for the US dollar climbed $2.31 to $120.51 the lowest buying rate rose $2.61 to $95.61, the highest selling rate remained at $122.52 and lowest selling rate lost 25 cents $95.36. The highest buying rate for the Canadian dollar declined 30 cents to $95.20, 
the lowest buying rate ended 53 cents higher at $75.65. The highest selling rate was up 27 cents to $98.17 and the lowest selling rate fell 60 cents to $91.15. The highest buying rate for the British Pound, dipped 47 cents to $184.60, the lowest buying rate dropped 83 cents to $148.24, with the highest selling rate falling $1.07 to $191.10 and the lowest selling rate eased $1 to $178.60.
J$ mostly down in value on Friday
The Jamaican dollar suffered losses on Friday against the US dollar and the Pound, the euro and gained on the Canadian dollar. Dealers bought the equivalent of US$31,243,493 compared with US$24,746,899 on Thursday, while they sold the equivalent of US$30,952,352 versus US$27,237,059 previously.
In US dollar trading, dealers bought US$27,235,624 compared to US$19,916,588 on Thursday. The buying rate for the US dollar rose 20 cents at $116.07 and US$28,289,318 was sold versus US$22,177,217 on Thursday, the selling rate rose 11 cents to $116.66. 
The Canadian dollar buying rate dropped $1.19 to $93.65 with dealers buying C$1,262,421 and selling C$1,264,620, at an average rate that fell 84 cents to $95.10. The rate for buying the British Pound declined 85 cents to $180.93 for the purchase of £1,851,088, while £953,554 was sold, at an average rate that rose $2.94 to $186.66. At the end of trading, it took J$132.90 to purchase the Euro, $2.04 more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.14 for $2.11 more than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$103,899, while the equivalent of US$106,323 was sold.
Highs & Lows| The highest buying rate for the US dollar climbed $1.35 to $118.20, the lowest buying rate dropped $2.36 to $93, the highest selling rate rose 33 cents to $122.52 and lowest selling rate added 25 cents $95.61. 
The highest buying rate for the Canadian dollar declined 45 cents to $95.50, the lowest buying rate ended 17 cents higher at $75.12. The highest selling rate was up 2 cents to $97.90 and the lowest selling rate climbed $1.25 to $91.75. The highest buying rate for the British Pound, dipped 8 cents to $185.07, the lowest buying rate jumped $2.82 to $149.07, with the highest selling rate climbing $3 to $192.17 and the lowest selling rate jumping $3.60 to $179.60.
Trading picked up on junior market
Jamaican Teas is one of 3 stocks closing at 52 weeks’ high on Friday.
At the close of the market, there were 2 stocks with bids higher than their last selling prices, 2 with lower offers and 5 securities closing with no bids to buy and 6 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial lost 35 cents to close at $15.50 while trading 100 shares, AMG Packaging ending with 1,233 shares changing hands to close unchanged at $3.16, Caribbean Flavours closed with16,581 shares trading at $2.30, while gaining 21 cents. Caribbean Producers with 76,978 shares trading, ended lower by 12 cents to $2.88, Consolidated Bakeries finishing trading with 33,200 shares, the price inched up 1 cent to a 52 weeks’ high of $1.18 at the end.
Dolphin Cove closed trading with 11,167 shares at a new high of $12 after gaining 50 cents, General Accident Insurance concluded trading with 10,590 shares changing hands to close 11 cents higher at $1.67. Jamaican Teas closed trading with 47,930 shares and gained 48 cents for a 52 weeks’ high of $4. Lasco Distributors traded 18,564 shares, 3 cents lower at $1.65, Lasco Financial Services in trading with 432,000 units, gained 5 cents to end at $1.95, Lasco Manufacturing in trading 14,349 shares, ended 8 cents higher at $1.40, but closed with an offer to sell at $1.37 and Paramount Trading ended with 123,959 shares changing hands with an increase of 11 cents to $5.11.
FED comments shake up rates for J$
The Jamaican dollar suffered losses on Thursday as the world major currencies gained sharply on the US dollar resulting in a decline in the value of the local currency against the Pound, the euro and the Canadian dollar, it also slipped against the US dollar as inflows declined during the period for low foreign exchange.
Dealers bought the equivalent of US$24,746,899 compared with US$26,333,879, on Wednesday while they sold the equivalent of US$27,237,059 versus US$29,923,738 previously.
In US dollar trading, dealers bought US$19,916,588 compared to US$21,903,791 on Wednesday. The buying rate for the US dollar rose 16 cents at $115.87 and US$22,177,217 was sold versus US$27,504,837 on Wednesday, the selling rate rose 7 cents to $116.55. 
The Canadian dollar buying rate jumped $1.36 to $94.84 with dealers buying C$3,575,485 and selling C$14,665,541, at an average rate that climbed $1.70 to $95.94. The rate for buying the British Pound increased $2.28 to $181.78 for the purchase of £1,119,476, while £717,241 was sold, at an average rate that rose $1.59 to $183.72. At the end of trading, it took J$130.84 to purchase the Euro, 4 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.03 for 11 cents less than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$147,539, while the equivalent of US$88,643 was sold.
Highs & Lows| The highest buying rate for the US dollar inched up 5 cents to $116.85, the lowest buying, the highest and lowest selling rates remained at $95.36, $122.19 and $95.36 respectively. 
The highest buying rate for the Canadian dollar climbed $1.20 to $95.95, the lowest buying rate and the lowest selling rates ended unchanged at $74.95 and $90.50 respectively, the highest selling rate was up $1.15 to $97.88. The highest buying rate for the British Pound, climbed $1.90 to $185.15, the lowest buying rate was unchanged at $146.25, with the highest selling rate climbing $2.46 to $189.17 and the lowest selling rate jumping $23.97 to $176.