Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$54,541,839 versus US$49,122,107 on Monday, and selling of the equivalent of US$51,849,629 compared to US$46,110,654 on Monday.
In US dollar trading, dealers bought US$46,951,936 compared to US$42,122,796 on Monday. The buying rate for the US dollar rose 37 cents to $114.06 and US$48,252,657 was sold versus US$43,345,164 on Monday with the selling rate rising 3 cents to $114.59. The Canadian dollar buying rate gained 93 cents to $96.66 with dealers buying C$3,420,037 and selling C$1,802,538, at an average selling rate that fell 19 cents, to $97.58. The rate for buying the British Pound was up 69 cents to $176.47 for the purchase of £2,861,176, while £1,203,874 was sold, the rate gained 11 cents to $177.21. At the end of trading it took J$139.54 to purchase the Euro, 14 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.40, for an decrease of 25 cents. Other currencies bought, amounted to the equivalent of US$264,830 while the equivalent of US$200,228, was sold.
Highs & Lows| The lowest selling rate for the US dollar, fell 20 cent to $111.80 with all the other rates remaining unchanged. The highest buying rate for the Canadian dollar rose 20 cents to $99.20 with the other rates remained unchanged. The highest buying rate for the British Pound, lost 62 cents to $178.13 and the others were unchanged.
Forex flows remain buoyant
J$ slips slightly on Monday
Trading levels were in the forex market in Jamaica was normal for this time of the year with the market closed for two days. Overall there was buying of the equivalent of US$49,122,107 versus US$46,285,377 on Wednesday, and selling of the equivalent of US$46,110,654 compared to US$42,969,928 on Wednesday.
In US dollar trading, dealers bought US$42,122,796 compared to US$42,996,967 on Wednesday. The buying rate for the US dollar fell 30 cents to $113.69 and US$43,345,164 was sold versus US$41,082,846 on Wednesday with the selling rate rising 2 cents to $114.56. The Canadian dollar buying rate gained 9 cents to $95.73 with dealers buying C$2,857,912 and selling C$1,504,269, at an average selling rate that climbed 14 cents, to $97.77. The rate for buying the British Pound was up 9 cents to $175.77 for the purchase of £2,708,246, while £810,142 was sold, the rate eased 13 cents to $177.10. At the end of trading it took J$139.40 to purchase the Euro, 11 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.65, for an increase of 2 cents. Other currencies bought, amounted to the equivalent of US$405,582 while the equivalent of US$229,242, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell $1.02 to $114.85, the lowest buying rate closed unchanged at $93.52 and highest selling rate fell 32 cents to $119.84. The lowest selling rate climbed $18.06 to $112. The highest buying rate for the Canadian dollar and the lowest buying rate remained unchanged at $99 and $77.85 respectively. The highest selling rate fell 47 cents to $100.75 and the lowest selling rate is unchanged at $93.80. The highest buying rate for the British Pound, lost 25 cents to $178.75. The lowest buying rate and the lowest selling rate remained at $142.14 and $171.25, respectively and the highest selling rate climbed $1.51 to $183.24.
J$ gains on strong flows Wednesday
The Jamaican dollar gained value against the three main currencies it normally trades against, in Wednesday’s foreign exchange trading. The total value of currencies traded while down from the heavy trades in the previous three days, was still relatively high on Christmas eve, with more than US$42 million.
Overall there was buying of the equivalent of US$46,285,377 versus US$51,072,479 on Tuesday, and selling of the equivalent of US$42,969,928 compared to US$68,959,488 on Tuesday. In US dollar trading, dealers bought US$42,996,967 compared to US$45,621,979 on Tuesday. The buying rate for the US dollar rose 7 cents to $113.99 and US$41,082,846 was sold versus US$66,949,150 on Tuesday with the selling rate falling 3 cents to $114.54. The Canadian dollar buying rate lost 34 cents to $95.64 with dealers buying C$1,522,032 and selling C$877,928, at an average selling rate that fell 14 cents, to $97.63. The rate for buying the British Pound declined 43 cents to $175.68 for the purchase of £1,183,049, while £516,953 was sold, the rate eased 41 cents to $177.23. At the end of trading it took J$139.51 to purchase the Euro, 89 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.63, for a decline of $3.22. Other currencies bought, amounted to the equivalent of US$188,078 while the equivalent of US$338,918, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.02 to $115.87, the lowest buying rate closed 25 cents lower at $93.52 and highest selling rate fell 21 cents to $120.16. The lowest selling rate remained unchanged at $93.94. The highest buying rate for the Canadian dollar dipped 80 cents to $99. The lowest buying rate fell 67 cents to $77.85. The highest selling rate fell 11 cents to $101.22 and the lowest selling rate slipped 75 cents to $93.80. The highest buying rate for the British Pound, rose 20 cents to $179. The lowest buying rate fell $1.87 to $142.14, the highest selling rate declined by $4.02 to $181.73 and the lowest selling rate fell $2.10 to $171.25.
FX trading remains elevated on Tuesday
Heavy trading in Foreign currency which commenced on Friday last, continued into Tuesday with buying of more than US$51 million and selling of nearly $70 million. The Jamaican dollar gained value against the British Pound, the Canadian Dollar and the Euro, but slipped slightly against the US dollar.
Overall there was buying of the equivalent of US$51,072,479 versus US$67,262,829 on Monday, and selling of the equivalent of US$68,959,488 compared to US$54,210,527 on Monday. In US dollar trading, dealers bought US$45,621,979 compared to US$61,524,538 on Monday. The buying rate for the US dollar fell 17 cents to $113.92, and US$66,949,150 was sold versus US$51,640,183 on Monday, with the selling rate rising 3 cents to $114.57. The Canadian dollar buying rate gained 11 cents to $95.98 with dealers buying C$2,121,251 and selling C$972,385, at an average selling rate that fell 30 cents, to $97.77. The rate for buying the British Pound declined 26 cents to $176.09 for the purchase of £2,198,952 while £664,324 was sold, the rate eased 74 cents to $177.64. At the end of trading it took J$140.40 to purchase the Euro, 12 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.85, for a decline of 7 cents. Other currencies bought, amounted to the equivalent of US$264,243 while the equivalent of US$150,558, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained unchanged at $114.85, the lowest buying rate closed 17 cents lower at $93.77 and highest selling was unchanged at $120.37. The lowest selling rate fell $16.06 to $93.94. The highest buying rate for the Canadian dollar rose 30 cents to $99.80. The lowest buying rate fell 33 cents to $78.52. The highest selling rate rose 11 cents to $101.33 and the lowest selling rate was unchanged at $94.55. The highest buying rate for the British Pound, dropped $6.85 to $178.80. The lowest buying rate fell 8 cents to $144.01, highest selling rate increased 10 cents to $185.75 and the lowest selling rate was unchanged at $173.35.
FX Trading levels elevated on Monday
The Jamaican dollar gained value against the three main currencies it normally trades against, in Monday’s foreign exchange trading. The total value of currencies traded was elevated to $67 million, being bought by dealers and selling of $54 million.
Overall there was buying of the equivalent of US$67,262,829 versus US$52,174,458 on Friday, and selling of the equivalent of US$54,210,527 compared to US$44,651,307 on Friday. In US dollar trading, dealers bought US$61,524,538 compared to US$46,132,454 on Friday. The buying rate for the US dollar fell 1 cent to $114.09 and US$51,640,183 was sold versus US$41,961,857 on Friday with the selling rate falling 5 cents to $114.54. The Canadian dollar buying rate dropped $1.21 to $95.87 with dealers buying C$2,284,502 and selling C$1,182,905, at an average selling rate that fell 70 cents, to $98.07. The rate for buying the British Pound declined $1.29 to $176.35 for the purchase of £2,231,964, while £781,835 was sold, the rate eased 68 cents to $178.38. At the end of trading it took J$140.52 to purchase the Euro, $1.30 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.92, for an increase of 82 cents. Other currencies bought, amounted to the equivalent of US$368,867 while the equivalent of US$339,934, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $114.85, the lowest buying and highest selling rates closed unchanged at $93.94 and $120.37 respectively, the lowest selling rate fell $1 to $110. The highest buying rate for the Canadian dollar rose 20 cents to $99.50. The lowest buying rate rose 33 cents to $78.85. The highest selling rate declined 78 cents to $101.22 and the lowest selling rate eased 5 cents to end at $94.55. The highest buying rate for the British Pound, climbed $5.65 to $185.65. The lowest buying rate rose 8 cents to $144.09, highest selling rate increased $2.81 to $185.65 and the lowest selling rate lost 15 cents to $173.35.
J$ up vs euro & Pound, falters with others Thursday
The Jamaican dollar lost value against the United States and the Canadian dollar, but gained versus the euro and the Pound in Thursday foreign exchange trading in Jamaica.
Overall there was buying of the equivalent of US$42,831,449 versus US$37,454,527 on Wednesday, and selling of the equivalent of US$41,907,894 compared to US$35,556,606 on Wednesday. In US dollar trading, dealers bought US$36,830,088 compared to US$34,094,712 on Wednesday. The buying rate for the US dollar rose 10 cents to $114.04 and US$37,213,356 was sold versus US$30,789,157 on Wednesday while the selling rate rose 10 cents to $114.58. The Canadian dollar buying rate was up 58 cents to $96.44 with dealers buying C$1,634,656 and selling C$3,271,419, at an average selling rate that climbed $1.36, to $99.27. The rate for buying the British Pound rose 33 cents to $177.33 for the purchase of £2,525,435, while £873,242 was sold, the rate eased 75 cents to $179.30. At the end of trading it took J$141.82 to purchase the Euro, $1.23 less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.10, for a fall of $1.26. Other currencies bought, amounted to the equivalent of US$691,817 while the equivalent of US$493,746, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 9 cents higher at $114.89, the lowest buying rate closed 12 cents higher to $93.81. The highest selling rate gained 16 cents to $120.37 and the lowest selling rate fell $16.57 to $95.53. The highest buying rate for the Canadian dollar gained $1.26 to $99.88. The lowest buying rate was unchanged, at $78.19. The highest selling rate fell 50 cents to $101 and the lowest selling rate was unchanged at $94. The highest buying rate for the British Pound, rose 80 cents to $180.20. The lowest buying rate gained 79 cents to $144.75, highest selling rate put on $3.49 to $186.61 and the lowest selling rate rose $1.75 to $174.
J$ falls vs euro, US & Pound Wednesday
The Jamaican dollar lost value against the United States dollar, the euro and the Pound but gained on the Canadian dollar on Wednesday.
Overall there was buying of the equivalent of US$37,454,527 versus US$43,503,554 on Tuesday, and selling of the equivalent of US$35,556,606 compared to US$46,130,818 on Tuesday. In US dollar trading, dealers bought US$34,094,712 compared to US$38,358,526 on Tuesday. The buying rate for the US dollar rose 6 cents to $113.94 and US$30,789,157 was sold versus US$42,437,376 on Tuesday. The selling rate rose 7 cents to $114.48. The Canadian dollar buying rate fell 44 cents to $95.86 with dealers buying C$1,444,094 and selling C$1,029,110, at an average selling rate that declined 91 cents, to $97.91. The rate for buying the British Pound rose 13 cents to $177 for the purchase of £1,284,128, while £1,858,576 was sold, the rate climbed 88 cents to $180.05. At the end of trading it took J$143.12 to purchase the Euro, $1.14 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$140.32, for an increase of $1.26. Other currencies bought, amounted to the equivalent of US$150,076 while the equivalent of US$964,190, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $114.80, the lowest buying rate was unchanged at $93.69. The highest selling rate gained 16 cents to $120.21 and the lowest selling rate rose 60 cents to $112.10. The highest buying rate for the Canadian dollar was unchanged at $98.62. The lowest buying rate closed 33 cents lower, at $78.19. The highest selling rate fell $1 to $101.50 and the lowest selling rate moved down 60 cents to $94. The highest buying rate for the British Pound, dipped $1.10 to $179.40. The lowest buying rate was unchanged at $143.96, highest selling rate lost $2.47 to $183.12 the lowest selling rate lost $1.20 to $172.25.
J$ gain on euro falls vs others Tuesday
The Jamaican dollar lost value against the United States dollar and against the euro but gained against the Pound and the Canadian dollar on Tuesday, a day of robust foreign exchange trading.
Overall, there was buying of the equivalent of US$43,503,554 versus US$56,094,979 on Monday, and selling of the equivalent of US$46,130,818 compared to US$47,505,422 on Monday. In US dollar trading, dealers bought US$38,358,526 compared to US$49,500,391 on Monday. The buying rate for the US dollar rose 23 cents to $113.88 and US$42,437,376 was sold versus US$43,962,004 on Monday. The selling rate rose 12 cents to $114.41. The Canadian dollar buying rate inched up 8 cents to $96.30 with dealers buying C$1,987,289 and selling C$2,034,522, at an average selling rate that rose 36 cents, to $98.82. The rate for buying the British Pound fell 44 cents to $176.87 for the purchase of £2,127,681, while £992,180 was sold, the rate climbed 30 cents to $179.17. At the end of trading it took J$141.98 to purchase the Euro, 24 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.06, as the rate fell 56 cents. Other currencies bought, amounted to the equivalent of US$160,113 while the equivalent of US$382,324, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.75, the lowest buying rate gained 17 cents to $93.69. The highest selling rate was unchanged $120.05 and the lowest selling rate jumped $17.98 to $111.50. The highest buying rate for the Canadian dollar declined by 38 cents to end at $98.62. The lowest buying rate closed 12 cents lower, at $78.52. The highest selling rate rose 59 cents to $102.50 and the lowest selling rate moved down 15 cents to $94.60. The highest buying rate for the British Pound, rose 80 cents to $180.50. The lowest buying rate closed 21 cents lower at $143.96, highest selling rate lost 27 cents to $185.59 the lowest selling rate rose 45 cents to $173.45.
J$ loses against US & euro Monday
The Jamaican dollar lost value against the United States dollar and the euro but gained on the Pound and the Canadian dollar on Monday, a day of robust foreign exchange trading.
Overall there was buying of the equivalent of US$56,094,979 versus US$60,517,416 on Friday, and selling of the equivalent of US$47,505,422 compared to US$56,937,674 on Friday. In US dollar trading, dealers bought US$49,500,391 compared to US$56,245,001 on Friday. The buying rate for the US dollar fell 11 cents to $113.65 and US$43,962,004 was sold versus US$44,323,676 on Friday. The selling rate rose 17 cents to $114.29. The Canadian dollar buying rate fell $2.03 to $96.22 with dealers buying C$2,054,639 and selling C$1,104,263, at an average selling rate that lost $1.43, to $98.46. The rate for buying the British Pound climbed 78 cents to $177.31 for the purchase of £2,944,023, while £1,463,435 was sold, the rate fell 86 cents to $178.87. At the end of trading it took J$142.22 to purchase the Euro, 98 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.64, a rise of $1.36. Other currencies bought, amounted to the equivalent of US$261,706 while the equivalent of US$301,699, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.65, the lowest buying rate was unchanged at $93.52. The highest selling rate gained 21 cents to $120.05 and the lowest selling rate fell $1.84 to $93.52. The highest buying rate for the Canadian dollar declined by 70 cents to end at $99. The lowest buying rate closed 38 cents lower, at $78.64. The highest selling rate remained unchanged at $101.91 and the lowest selling rate moved down 45 cents to $94.75. The highest buying rate for the British Pound, lost 15 cents to $179.70. The lowest buying rate closed 21 cents higher at $144.17 and highest selling rate climbed $3.08 to $185.86, the lowest selling rate fell 45 cents to $173.
US dollar buying nets US$12M on Friday
The Jamaican dollar lost value against all three major currencies, on Friday in spite of more foreign exchange being bought by dealers than the amount they sold.
Authorized dealers purchased a net equivalent of US$3.6 million for all currencies, but that disguises what took place on the day, as a net selling of the British pound primarily by National Commercial Bank (NCB) with a net sale of £4.6 million overshadows the net buying of US$12 million by dealers, mainly by Scotia Bank with a net of US$4.5 million, NCB net of US$3 million, Sagicor net of US$2 million.
Overall there was buying of the equivalent of US$60,517,416 versus US$32,509,858 on Thursday, and selling of the equivalent of US$56,937,674 compared to US$26,135,874 on Thursday. In US dollar trading, dealers bought US$56,245,001 compared to US$25,759,759 on Thursday. The buying rate for the US dollar rose 39 cents to $113.76 and US$44,323,676 was sold versus US$22,639,166 on Thursday. The selling rate rose 5 cents to $114.12. The Canadian dollar buying rate fell 37 cents to $98.25 with dealers buying C$2,597,398 and selling C$3,597,398, at an average selling rate that gained 65 cents, to $99.90. The rate for buying the British Pound climbed 17 cents to $176.53, for the purchase of £1,176,395, while £5,626,341 was sold, the rate rose 86 cents to $179.73. At the end of trading it took J$141.24 to purchase the Euro, 35 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.28, a fall of 40 cents. Other currencies bought, amounted to the equivalent of US$203,636 while the equivalent of US$604,170, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 20 cents higher at $114.55, the lowest buying and the highest selling rates were unchanged at $93.52 and $119.84 respectively and the lowest selling rate fell $16.14 to $95.36. The highest buying rate for the Canadian dollar climbed 25 cents to end at $99.70. The lowest buying rate closed 17 cents higher, at $79.02. The highest selling rate fell 28 cents to $101.91 and the lowest selling rate moved up 20 cents to $95.20. The highest buying rate for the British Pound, gained 55 cents to $179.85. The lowest buying rate closed with 37 cents gain at $143.96 and highest selling rate dropped $2.33 to $182.78, the lowest selling rate rose 45 cents to $173.45.
