Bank Of Jamaica intervened in the forex market on Monday by selling into the system, helping to swell the amounts traded to nearly $80 million. The intervention did not stop slippage in the Jamaican dollar as it fell in value against the US and the British Pound, but gained on Canadian dollar, on Monday. Purchase of all currencies by dealers, translated to US$79,904,490 compared with the US$36,907,493, on Friday and selling of the equivalent of US$79,481,863 versus US$31,955,892 sold on Friday.
In US dollar trading, dealers bought US$75,875,427 compared to US$32,907,129 on Friday. The buying rate for the US dollar rose 25 cents to $115.46 and US$74,047,298 was sold versus US$29,758,416 on Friday, with the selling rate climbing 3 cents to $115.75. The Canadian dollar buying rate lost $1.76 to $90.41 with dealers buying C$1,149,455, and selling C$818,541, at an average selling rate that dropped 43 cents, to $92.98. The rate for buying the British Pound rose 21 cents to $171.79 for the purchase of £1,963,437, while £2,926,101 was sold, the rate rose 82 cents to $174.15. At the end of trading it took J$130.19 to purchase the Euro, $1.70 lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.67, $1.63 lower than on Friday. Other currencies bought, amounted to the equivalent of US$207,763 while the equivalent of US$374,464, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 95 cents to $117 and the lowest buying rate rose 12 cents to $94.31. The highest selling rate moved up 6 cents to $120.91, while the lowest selling rate dropped $18.76 to $94.19. The highest buying rate for the Canadian dollar fell 9 cents to $94, the lowest buying fell 17 cents to $73.87. The highest selling rate fell $1 to $97 and the lowest selling rate eased 20 cents to $89. The highest buying rate for the British Pound, declined 50 cents to $174.40. The lowest buying rate dropped $1.95 to $138.61, the highest selling rate climbed 44 cents to $178.69 and the lowest selling rate declined $2.20 to $167.
BOJ sale swells volume in forex market
J$ loses against US gains on others
The Jamaican dollar fell in value against the US but gained on Canadian dollars and the British Pound on Friday. Purchase of all currencies by dealers, translated to US$36,907,493 compared with the US$32,199,150, on Thursday and selling of the equivalent of US$31,955,892 versus US$32,727,717 sold on Thursday.
In US dollar trading, dealers bought US$32,907,129 compared to US$28,635,833 on Thursday. The buying rate for the US dollar rose 24 cents to $115.21 and US$29,758,416 was sold versus US$29,864,735 on Thursday with the selling rate climbing 20 cents to $115.72. The Canadian dollar buying rate lost 42 cents to $92.16 with dealers buying C$1,482,650, and selling C$995,859, at an average selling rate that dropped 10 cents, to $93.41. The rate for buying the British Pound fell $1.48 to $171.58 for the purchase of £1,228,129, while £560,898 was sold, the rate dipped $1.52 to $173.33. At the end of trading it took J$131.89 to purchase the Euro, $1.88 lower than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.29, $1.77 lower than on Thursday. Other currencies bought, amounted to the equivalent of US$985,359 while the equivalent of US$553,553, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 20 cents to $116.05 and the lowest buying rate remained at $94.19. The highest selling rate moved up 16 cents to $120.86, while the lowest selling rate rose 45 cents to $112.95. The highest buying rate for the Canadian dollar fell $1.21 to $94.09, the lowest buying fell 66 cents to $74.04. The highest selling rate rose 4 cents to $98 and the lowest selling rate eased 80 cents to $89.20. The highest buying rate for the British Pound, declined $1.10 to $174.90. The lowest buying rate rose 95 cents to $140.56, the highest selling rate fell $1.72 to $178.25 and the lowest selling rate rose $1 to $169.20.
J$ slippage continues on Wednesday
The Jamaican dollar fell in value against the British Pound, the US and Canadian dollars on Wednesday. Purchase of all currencies by dealers, translated to US$33,823,587, compared with the US$31,812,301, on Tuesday, and selling of the equivalent of US$31,109,776 versus US$30,810,659 sold on Tuesday.
In US dollar trading, dealers bought US$29,495,536 compared to US$27,613,916 on Tuesday. The buying rate for the US dollar rose 5 cents to $114.83 and US$27,071,062 was sold versus US$28,053,075 on Tuesday, with the selling rate climbing 6 cents to $115.45. The Canadian dollar buying rate lost 17 cents to $94.09 with dealers buying C$2,013,833, and selling C$2,681,448, at an average selling rate that climbed 41 cents, to $96.39. The rate for buying the British Pound rose 23 cents to $172.61 for the purchase of £1,689,613, while £947,926 was sold, the rate climbed 70 cents to $174.46. At the end of trading it took J$133.53 to purchase the Euro, 63 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.83 for a fall of 79 cents from Tuesday. Other currencies bought, amounted to the equivalent of US$138,214 while the equivalent of US$367,556, was sold.
Highs & Lows| The highest buying rate US dollar, climbed 15 cents to $115.80 and the lowest buying rate remained at $94.10. The highest selling rate rose 11 cents to $120.70, while the lowest selling rate dropped $18.59 to $94.11. The highest buying rate for the Canadian dollar fell 60 cents to $95.60, the lowest buying fell 29 cents to $75.99. The highest selling rate rose 50 cents to $99 and the lowest selling rate eased 35 cents to $91.55. The highest buying rate for the British Pound, dipped $1.20 to $174.80. The lowest buying rate rose 41 cents to $140.35, the highest selling rate fell 40 cents to $180 and the lowest selling rate gained 50 cents to $169.10.
J$ slips against USD & Canadian Tuesday
The Jamaican dollar gained against the British Pound but fell versus the US and Canadian dollar on Tuesday. Purchase of all currencies by dealers, translated to US$31,812,301, compared with the US$43,325,043, on Monday, and selling of the equivalent of US$30,810,659 versus US$44,738,328 sold on Monday.
In US dollar trading, dealers bought US$27,613,916 compared to US$39,907,638 on Monday. The buying rate for the US dollar slipped 11 cents to $114.78 and US$28,053,075 was sold versus US$42,884,931 on Monday with the selling rate climbing 4 cents to $115.39. The Canadian dollar buying rate gained 64 cents to $94.26 with dealers buying C$1,498,091, and selling C$1,565,382, at an average selling rate that climbed 30 cents, to $95.98. The rate for buying the British Pound rose 66 cents to $172.38 for the purchase of £1,389,310, while £349,039 was sold, the rate dived only 7 cents to $173.76. At the end of trading it took J$134.16 to purchase the Euro, $1.59 up from Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.63 for a rise of $1.51 over Monday. Other currencies bought, amounted to the equivalent of US$881,603 while the equivalent of US$929,930, was sold.
Highs & Lows| The highest and the lowest buying and the highest selling rates for the US dollar, remained at $115.65, $94.10 and $120.59 respectively while lowest selling rate climbed $17.30 to $112.70. The highest buying rate for the Canadian dollar fell 80 cents to $96.20, the lowest buying rate rose 33 cents to $76.28. The highest selling rate declined by $1.01 to $98.50 and the lowest selling rate jumped $13.72 to $91.90. The highest buying rate for the British Pound, dipped $1.50 to $176. The lowest buying rate fell 21 cents to $139.94, the highest selling rate fell 27 cents to $180.40 and the lowest selling rate eased 25 cents to $168.60.
J$ gains big on the Pound & Canadian
The Jamaican dollar made big gains against the British Pound and the Canadian dollar on Monday. Purchase of all currencies by dealers, translated to US$43,325,043, compared with the US$46,887,942, on Friday, and selling of the equivalent of US$44,738,328 versus US$51,219,344 sold on Friday.
In US dollar trading, dealers bought US$39,907,638 compared to US$42,022,513 on Friday. The buying rate for the US dollar remained at $114.89 and US$42,884,931 was sold versus US$40,341,432 on Friday with the selling rate climbing 4 cents to $115.35. The Canadian dollar buying rate lost $1.71 to $93.62 with dealers buying C$1,510,308 and selling C$782,714, at an average selling rate that dropped $2.19, to $95.68. The rate for buying the British Pound dropped 92 cents to $171.72 for the purchase of £1,283,715, while £632,777 was sold, the rate dived $2.29 to $173.83. At the end of trading it took J$132.57 to purchase the Euro, 90 cents down from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.11 for a decline of 91 cents from Friday. Other currencies bought, amounted to the equivalent of US$267,950 while the equivalent of US$250,533, was sold.
Highs & Lows| The highest and the lowest buying and the highest selling rates for the US dollar, remained at $115.65, $94.10 and $120.59 respectively while lowest selling rate climbed $1.71 to $95.40. The highest buying rate for the Canadian dollar rose 50 cents to $97, the lowest buying rate fell $1.24 to $75.95. The highest selling rate remained at $99.51 and the lowest selling rate dropped $15.02 to $78.18. The highest buying rate for the British Pound, climbed $2.50 to $177.50. The lowest buying rate fell 58 cents to $140.15, the highest selling rate rose $2.17 to $180.67 and the lowest selling rate fell 70 cents to $168.85.
J$ drops again on Friday
The Jamaican dollar fell in value against the major currencies on Friday with the purchase of all currencies by dealers, translating to US$46,887,942, compared with the US$49,795,240, on Thursday, and selling of the equivalent of US$51,219,344 which is more than the US$47,872,723 sold on Thursday.
In US dollar trading, dealers bought US$42,022,513 compared to US$42,661,663 on Thursday. The buying rate for the US dollar rose 10 cents to $114.89 and US$40,341,432 was sold versus US$40,923,096 on Thursday with the selling rate climbing 12 cents to $115.31. The Canadian dollar buying rate lost 98 cents to $95.33 with dealers buying C$3,005,276 and selling C$4,042,357, at an average selling rate that rose 4 cents, to $97.86. The rate for buying the British Pound dropped 58 cents to $172.64 for the purchase of £1,391,659, while £4,723,982 was sold, the rate climbed $1.44 to $176.12. At the end of trading it took J$133.48 to purchase the Euro, $2.24 down from Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.02 for a decline of $1.95 from Thursday. Other currencies bought, amounted to the equivalent of US$280,637 while the equivalent of US$231,622, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.65, the lowest buying rate rose 8 cents to $94.10, the highest selling rate climbed 11 cents to $120.59 and lowest selling rate dropped 33 cents to $93.69. The highest buying rate for the Canadian dollar declined 75 cents to $96.50, the lowest buying rate rose 95 cents to $77.19. The highest selling rate rose 38 cents to $99.51 and the lowest selling rate gained $1.35 to $93.20. The highest buying rate for the British Pound, declined by 65 cents to $175. The lowest buying rate gained 25 cents to $140.73, the highest selling rate dropped $2.60 to $178.50 and the lowest selling rate climbed 30 cents to $169.55.
J$ loses against US & Can$
<strong Trading in the forex market in Jamaica on Wednesday, resulted in the Jamaican dollar fell against the United States and Canadian dollars but gained against the British pound. The purchases of all currencies by dealers, translated to the equivalent of US$31,380,373, in contrast to US$33,687,953 on Tuesday, and selling of the equivalent of US$37,740,338 compared to US$38,181,833 on Tuesday.
In US dollar trading, dealers bought US$27,919,483 compared to US$28,451,468 on Tuesday. The buying rate for the US dollar rose 10 cents to $114.11 and US$35,545,832 was sold versus US$34,814,610 on Tuesday with the selling rate climbing 11 cents to $114.83. The Canadian dollar buying rate fell 43 cents to $94.68 with dealers buying C$1,441,249 and selling C$1,127,664, at an average selling rate that rose 18 cents, to $96.88. The rate for buying the British Pound fell 66 cents to $171.38 for the purchase of £1,158,566, while £514,331 was sold, the rate fell 33 cents to $173.28. At the end of trading it took J$136.74 to purchase the Euro, 10 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.86 for a 2 cents gain. Other currencies bought, amounted to the equivalent of US$525,051 while the equivalent of US$466,972, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 15 cents to $115.20, the lowest buying rate gained 27 cents at $93.52. The highest selling rate remained at $119.84 and lowest selling rate dropped $16.14 to $95.36. The highest buying rate for the Canadian dollar fell 25 cents to $97.45, the lowest buying rate fell 70 cents to $77.07. The highest selling rate rose 24 cents to $100.50 and the lowest selling rate remained unchanged at $92.85. The highest buying rate for the British Pound, gained $1.66 to $178.50. The lowest buying rate fell $1.91 to $139.61, the highest selling rate lost 33 cents to $179.97 and the lowest selling rate remained at $168.20.
J$ loses v U$ up on others
Trading in the forex market in Jamaica on Tuesday, resulted in the Jamaican dollar gaining against the Pound, the Canadian dollar but lose against the US dollar. Overall the equivalent of US$33,687,953 was purchased by dealers in contrast to US$42,460,718 on Monday, and selling of the equivalent of US$38,181,833 compared to US$35,555,294 on Monday.
In US dollar trading, dealers bought US$28,451,468 compared to US$37,309,537 on Monday. The buying rate for the US dollar rose 18 cents to $114.01 and US$34,814,610 was sold versus US$33,644,999 on Monday with the selling rate climbing 8 cents to $114.72. The Canadian dollar buying rate rose 34 cents to $95.11 with dealers buying C$1,888,659 and selling C$1,254,447, at an average selling rate that lost 12 cents, to $96.70. The rate for buying the British Pound fell $1.55 to $172.04 for the purchase of £1,664,301, while £1,029,771 was sold, the rate fell $1.29 to $173.61. At the end of trading it took J$136.84 to purchase the Euro, $1.13 less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.84 for a $1.18 fall. Other currencies bought, amounted to the equivalent of US$1,149,628 while the equivalent of US$751,458, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.05, the lowest buying rate closed down 27 cents at $93.25. The highest selling rate remained at $119.84 and lowest selling rate jumped $17.98 to $111.50. The highest buying rate for the Canadian dollar fell 80 cents to $97.70, the lowest buying remained unchanged at $77.77. The highest selling rate declined 3 cents to $100.26 and the lowest selling rate dipped 85 cents to end at $92.85. The highest buying rate for the British Pound, lost 66 cents to $176.84. The lowest buying rate remained at $141.52, the highest selling rate lost $2.14 to $180.30 and the lowest selling rate ended $1.80 lower, at $168.20.
FX volume lowest since December 4
<strong Trading in the forex market in Jamaica on Friday, resulted in the lowest volume of trades since December 4 last year, when dealers bought US$27.6 million and sold US$27.3 million. The value of the Jamaican dollar was mostly up except for a slight slip in the selling rate against the US dollar.
Overall the equivalent of US$29,319,403 was purchased by dealers versus US$39,424,623 on Wednesday, and selling of the equivalent of US$32,815,088 compared to US$36,883,135 on Wednesday, the day before the market closed, for the New Year public holiday. In US dollar trading, dealers bought US$26,478,249 compared to US$35,027,815 on Wednesday. The buying rate for the US dollar declined 18 cents to $113.94 and US$31,451,847 was sold versus US$34,615,995 on Wednesday with the selling rate rising 2 cents to $114.68. The Canadian dollar buying rate dropped 94 cents to $95.40 with dealers buying C$1,417,177 and selling C$798,352, at an average selling rate that lost 4 cents, to $97.65. The rate for buying the British Pound fell $1.95 to $174.02 for the purchase of £960,308, while £384,502 was sold, the rate fell $1.36 to $176.31. At the end of trading it took J$138.75 to purchase the Euro, 64 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.02 for a 64 cents fall. Other currencies bought, amounted to the equivalent of US$187,910 while the equivalent of US$92,313, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $114.85, the lowest buying, the highest selling and lowest selling rates closed unchanged at $93.52, $119.84 and $95.37 respectively. The highest buying rate for the Canadian dollar rose 80 cents to $100.60, the lowest buying was unchanged at $78.14. The highest selling rate rose 14 cents to $100.95 and the lowest selling rate is up 35 cents to end at $94.35. The highest buying rate for the British Pound, gained 21 cents to $178.60. The lowest buying rate bounced back by $43.05 to $143.05, the highest selling rate gained $2.34 to $184.41 and the lowest selling rate ended 35 cents lower, at $171.50.
J$ ends 2014 down
Trading in the forex market in Jamaica resulted in the value of the Jamaican dollar slipping in value against the three main foreign currencies. Overall there was buying of the equivalent of US$39,424,623 versus US$54,541,839 on Tuesday, and selling of the equivalent of US$36,883,135 compared to US$51,849,629 on Tuesday.
In US dollar trading, dealers bought US$35,027,815 compared to US$46,951,936 on Tuesday. The buying rate for the US dollar rose 6 cents to $114.12 and US$34,615,995 was sold versus US$48,252,657 on Tuesday with the selling rate rising 7 cents to $114.66. The Canadian dollar buying rate lost 31 cents to $96.34 with dealers buying C$1,903,363 and selling C$1,148,199, at an average selling rate that gained 11 cents, to $97.69. The rate for buying the British Pound fell 50 cents to $175.97 for the purchase of £1,705,748, while £724,736 was sold, the rate gained 47 cents to $177.68. At the end of trading it took J$139.39 to purchase the Euro, 15 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.66 for an increase of 26 cents. Other currencies bought, amounted to the equivalent of US$159,733 while the equivalent of US$165,851, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $114.90, the lowest buying and highest selling rates closed unchanged at $93.52 and $119.84 respectively. The lowest selling rate dropped $16.43 to $95.37. The highest buying rate for the Canadian dollar rose 60 cents to $99.80, the lowest buying rate climbed 29 cents $78.14. The highest selling rate rose 6 cents to $100.81 and the lowest selling rate is up 20 cents to end at $94. The highest buying rate for the British Pound, gained 26 cents to $178.39. The lowest buying rate plummeted by $42.14 to $100, the highest selling rate slipped $1.17 to $182.07 and the lowest selling rate ended 60 cents higher at $171.85.
