The Jamaican dollar gained against the British Pound and the Canadian dollar and remained stable versus the US dollar on Friday, as foreign exchanged flows remained at normal levels.
On Friday, authorized dealers purchased the equivalent of US$31,518,654 versus US$32,649,087, on Thursday and sold the equivalent of US$28,175,798 compared with US$28,021,523 on Thursday. In US dollar trading, dealers bought US$26,675,958 compared to US$25,714,484 on Thursday. The buying rate for the US dollar lost 9 cents to $112.23 and US$25,607,049 was sold versus US$24,894,405 on Thursday, the selling rate was unchanged at $112.76. The Canadian dollar buying rate, fell $3.03 to $97.63 with dealers buying C$1,113,258 and selling C$606,883, at an average selling rate that dropped $1.40, to $100.58. The rate for buying the British Pound moved up 54 cents to $178.64, for the purchase of £1,850,586, while £447,466 was sold, at $180.24, a fall of 22 cents. Other currencies bought, amounted to the equivalent of US$928,466, while the equivalent of US$1,312,188, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 15 cents to $112.85, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively but the lowest selling rate jumped $18.15 to $110. The highest buying rate for the Canadian dollar fell 74 cents to $100.66, the lowest buying rate declined 74 cents to $79.31, the highest selling rate was unchanged at $102.76. The lowest selling rate declined 90 cents to $95.55. The highest buying rate for the British Pound, dipped 80 cents to $180.70. The lowest buying rate eased $1.82 to $143.55, the highest selling rate declined by $3.35 to $184.06 and the lowest selling rate dropped $1.55 to $172.95.
J$ make gains on Friday
Low forex demand forced BOJ’s intervention
Jamaica’s Central Bank head quarters Downtown Kingston
IC Insider can now confirm that the country’s central bank (Bank of Jamaica) has been intervening in the market to purchase excess funds and thus prevent too much appreciation for the Jamaican dollar at a time when the rate of inflation has been rising and could erode the gains made against the US dollar, in 2014.
Authorized dealers purchased the equivalent of US$32,649,087 versus US$32,884,034, on Wednesday and sold the equivalent of US$28,021,523 compared with US$32,831,045 on Wednesday.
In US dollar trading, dealers bought US$25,714,484 compared to US$30,229,144 on Wednesday. The buying rate for the US dollar lost 3 cents to $112.32 and US$24,894,405 was sold versus US$31,632,195 on Wednesday, the selling rate rose 3 cent to $112.76. The Canadian dollar buying rate, rose $2.38 to $100.66 with dealers buying C$3,327,907 and selling C$1,986,255, at an average selling rate that climbed $1.37, to $101.98. The rate for buying the British Pound moved down 85 cents to $178.10, for the purchase of £943,417, while £400,984 was sold, at $180.46, a fall of $1.02. Other currencies bought, amounted to the equivalent of US$2,456,217, while the equivalent of US$689,010, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 50 cents to $113, the lowest buying, the highest selling and the lowest selling rates were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar fell 53 cents to $101.40, the lowest buying rate rose 70 cents to $80.05, the highest selling rate fell 36 cents to $102.76. The lowest selling rate declined $1.05 to $96.45. The highest buying rate for the British Pound, dipped 70 cents to $181.50. The lowest buying rate eased 46 cents to $145.37, the highest selling rate rose 27 cents to $187.41 and the lowest selling rate dropped $3.50 to $174.50.
J$ gained vs Canadian & Pound on Wednesday
The Jamaican dollar gained most against the British Pound and Canadian dollar, but fell moderately versus the US dollar, in trading on Wednesday. Authorized dealers purchased the equivalent of US$32,884,034 versus US$33,265,759, on Tuesday and sold the equivalent of US$32,831,045 compared with US$40,508,881 on Tuesday.
In US dollar trading, dealers bought US$30,229,144 compared to US$27,496,261 on Tuesday. The buying rate for the US dollar gained 10 cents to $112.35 and US$31,632,195 was sold versus US$35,263,494 on Tuesday, the selling rate rose 2 cent to $112.73. The Canadian dollar buying rate, fell $1.37 to $98.28 with dealers buying C$3,177,324 and selling C$532,191, at an average selling rate that declined 49 cents, to $100.61. The rate for buying the British Pound moved down 11 cents to $178.95, for the purchase of £942,161, while £356,742 was sold, at $181.48, a fall of 13 cents. Other currencies bought, amounted to the equivalent of US$259,832, while the equivalent of US$149,651, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 65 cents to $113.50, the lowest buying, the highest selling and the lowest selling rates were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose 93 cents to $101.93, the lowest buying rate remained at $79.35, the highest selling rate climbed 12 cents to $103.12. The lowest selling rate jumped $1.90 to $97.50. The highest buying rate for the British Pound, rose 45 cents to $182.20. The lowest buying rate was up by 75 cents to $145.83, the highest selling rate had no change at $187.14 and the lowest selling rate jumped $3.10 to $178.
$16M more US$ bought than sold on Monday
The Jamaican dollar underwent moderate changes in trading on Monday, as authorized dealers bought US$16 million more than was sold. They purchased the equivalent of US$59,284,131 versus US$35,558,566, on Friday and sold the equivalent of US$43,206,616, compared with US$33,852,780 on Friday.
In US dollar trading, dealers bought US$51,676,419 compared to US$29,263,800 on Friday. The buying rate for the US dollar gained 3 cents to $112.29 and US$38,092,548 was sold versus US$26,297,179 on Friday, the selling rate fell 1 cent to $112.67. The Canadian dollar buying rate, dived $1.06 to $98.87 with dealers buying C$5,612,540 and selling C$4,831,223, at an average selling rate that rose 11 cents, to $101.16. The rate for buying the British Pound fell back by 59 cents to $178.75, for the purchase of £1,581,380, while £418,877 was sold, at $180.93, down by 11 cents. Other currencies bought, amounted to the equivalent of US$148,806, while the equivalent of US$103,868, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 35 cents, to $112.85, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively and the lowest selling rate, dropped $1.81 to $91.85. The highest buying rate for the Canadian dollar rose 10 cents to $100.90, the lowest buying rate rose 12 cents to $79.51, the highest selling rate climbed 44 cents to $102.80. The lowest selling rate was up 15 cents to $95.80. The highest buying rate for the British Pound, jumped $6.50 to $188. The lowest buying rate rose 66 cents to $145.08, the highest selling rate climbed $3.28 to $188 and the lowest selling rate nosedived $22.62 to $151.38.
Jamaican$ loses value against all on Friday
The Jamaican dollar lost value on Friday, against the British Pound, the US and Canadian dollars, as authorized dealers purchased the equivalent of US$35,558,566 versus US$30,974,409, on Thursday. The equivalent of US$33,852,780 was sold, compared with US$30,021,063 on Thursday.
In US dollar trading, dealers bought US$29,263,800 compared to US$27,235,385 on Thursday. The buying rate for the US dollar was up 3 cents to $112.26 and US$26,297,179 was sold versus US$27,684,459 on Thursday, the selling rate rose 2 cents to $112.68. The Canadian dollar buying rate, climbed $1.47 to $99.93 with dealers buying C$3,703,602 and selling C$5,296,001, at an average selling rate that rose 38 cents, to $101.05. The rate for buying the British Pound moved up 59 cents to $179.34, for the purchase of £1,792,631, while £1,687,902 was sold, at $181.04, up 48 cents. Other currencies bought, amounted to the equivalent of US$134,294, while the equivalent of US$94,382, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 75 cents, to $113.20, the lowest buying and the highest selling and the lowest selling rates, were unchanged at $91.85, $117.70 and $93.66 respectively. The highest buying rate for the Canadian dollar rose 30 cents to $100.80, the lowest buying rate fell 29 cents to $79.39, the highest selling rate dropped 44 cents to $102.36. The lowest selling rate was down $1.65 to $95.65. The highest buying rate for the British Pound, rose 90 cents to $181.50, the lowest buying rate declined 21 cents to $144.42, the highest selling rate fell $1.73 to $184.72 and the lowest selling rate dived $2.30 to $174.
Jamaican$ loses value again on Thursday
The Jamaican dollar lost value on Thursday, against the US and Canadian dollars, but gained against the British Pound, as authorized dealers purchased the equivalent of US$30,974,409 versus US$40,832,885, on Wednesday. The equivalent of US$30,021,063 was sold, compared with US$39,334,085 on Wednesday.
In US dollar trading, dealers bought US$27,235,385 compared to US$33,287,323 on Wednesday. The buying rate for the US dollar was up 10 cents to $112.23 and US$27,684,459 was sold versus US$34,157,406 on Wednesday, the selling rate rose 2 cents to $112.66. The Canadian dollar buying rate, fell $1.06 to $98.46 with dealers buying C$1,412,993 and selling C$1,022,966, at an average selling rate that rose 36 cents, to $100.68. The rate for buying the British Pound dropped $1.26 to $178.75, for the purchase of £1,466,307, while £836,955 was sold, at $180.56, a decline of $1.06. Other currencies bought, amounted to the equivalent of US$163,936, while the equivalent of US$81,055, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.23, to $113.95, the lowest buying and the highest selling and the lowest selling rates, were unchanged at $91.85, $117.70 and $93.66 respectively. The highest buying rate for the Canadian dollar fell 20 cents to $100.50, the lowest buying rate climbed 25 cents to $79.68 and highest selling rate was unchanged at $102.80. The lowest selling rate was up $1.60 to $97.30. The highest buying rate for the British Pound, dropped $1.65 to $180.60, the lowest buying rate declined 95 cents to $144.63, the highest selling rate was up $1.91 to $186.45 and the lowest selling rate rose 90 cents to $176.30.
Jamaican$ loses value on Wednesday
The Jamaican dollar lost value on Wednesday, against all three main currencies it usually trades against, as authorized dealers purchased the equivalent of US$40,832,885 versus US$52,672,492, on Tuesday. The equivalent of US$39,334,085 was sold, compared with US$42,825,714 on Tuesday.
In US dollar trading, dealers bought US$33,287,323 compared to US$48,572,214 on Tuesday. The buying rate for the US dollar declined 9 cents to $112.13 and US$34,157,406 was sold versus US$40,081,642 on Tuesday, the selling rate rose 4 cents to $112.64. The Canadian dollar buying rate, rose $1.81 to $99.53 with dealers buying C$3,597,830 and selling C$2,871,473, at an average selling rate that rose 17 cents, to $100.32. The rate for buying the British Pound climbed $1.73 to $180.01, for the purchase of £2,614,045, while £1,527,787 was sold, at $181.61, an increase of 38 cents. Other currencies bought, amounted to the equivalent of US$155,493, while the equivalent of US$155,892, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 3 cents, to $112.72, the lowest buying and the highest selling rates, were unchanged at $91.85 and $117.70 respectively, and the lowest selling rate ended up $1.81 at $93.66. The highest buying rate for the Canadian dollar rose 25 cents to $100.70, the lowest buying rate climbed 58 cents to $79.43 and highest selling rate climbed 30 cents to $102.80. The lowest selling rate was up 70 cents at $95.70. The highest buying rate for the British Pound, rose 90 cents to $182.25, the lowest buying rate rose $1.16 to $145.58, the highest selling rate fell $1.64 to $184.54 and the lowest selling rate rose $1.40 to $175.40.
Jamaican$ gains value on Tuesday
The amount of foreign exchange traded by dealers on Tuesday, was more than on Friday. The equivalent of $10 million was purchased over the amount sold on Tuesday, the day after the market was closed for the public holiday. The Jamaican dollar lost value against the British Pound but gained against the others.
Authorized dealers purchased the equivalent of US$52,672,492 versus US$29,491,248, on Friday, with Monday being a public holiday. The equivalent of US$42,825,714 was sold, compared with US$24,981,810 on Friday.
In US dollar trading, dealers bought US$48,572,214 compared to US$25,874,570 on Friday. The buying rate for the US dollar gained 7 cents to $112.22 and US$40,081,642 was sold versus US$22,602,758 on Friday, the selling rate fell 4 cents to $112.60. The Canadian dollar buying rate, rose 17 cents to $97.72 with dealers buying C$1,732,588 and selling C$1,204,424, at an average selling rate that fell 50 cents, to $100.15. The rate for buying the British Pound dropped 27 cents to $178.29, for the purchase of £1,547,779, while £913,135 was sold, at $181.24, an increase of 5 cents. Other currencies bought, amounted to the equivalent of US$132,491, while the equivalent of US$202,971, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed with a rise of 3 cents, to $112.75, the lowest buying and the highest selling rates, were unchanged at $91.85 and $117.70 respectively and the lowest selling rate ended $1.81 lower at $91.85. The highest buying rate for the Canadian dollar rose 45 cents to $100.45, the lowest buying rate remained unchanged at $78.85 and highest selling rate climbed 50 cents to $102.50. The lowest selling rate was unchanged at $95. The highest buying rate for the British Pound, rose 35 cents to $181.35, the lowest buying rate inched up 21 cents to $144.42, the highest selling rate was unchanged at $186.18 and so was the lowest selling rate at $174.
Jamaican$ loses value on Friday
The amount of foreign exchange bought by dealers on Friday, was more than on Thursday, but the sales were less, but the Jamaican dollar lost value against the three main currencies, the country trades in.
Authorized dealers purchased the equivalent of US$29,491,248 versus US$27,425,390, on Thursday. The equivalent of US$24,981,810 was sold, compared with US$26,636,124 on Thursday.
In US dollar trading, dealers bought US$25,874,570 compared to US$24,447,336 on Thursday. The buying rate for the US dollar remained at $112.15 and US$22,602,758 was sold versus US$23,969,529 on Thursday, the selling rate put on 2 cents to $112.64. The Canadian dollar buying rate, fell 84 cents to $97.55 with dealers buying C$1,192,088 and selling C$1,239,544, at an average selling rate that rose $1.16, to $100.65. The rate for buying the British Pound climbed $1.51 to $178.55, for the purchase of £1,526,027, while £622,015 was sold, at $181.19, an increase of $1.46. Other currencies bought, amounted to the equivalent of US$150,333, while selling was for the equivalent of US$270,851.
Highs & Lows| The highest buying rate for the US dollar, closed with a fall of 8 cents, to $112.72, the lowest buying and the highest selling rates, were unchanged at $91.85 and $117.70 respectively and the lowest selling rate ended $1.81 higher at $93.66. The highest buying rate for the Canadian dollar fell $1 to $100, the lowest buying rate declined 33 cents to $78.85 and highest selling rate fell 51 cents to $102. The lowest selling rate declined 40 cents to $95. The highest buying rate for the British Pound, rose 45 cents to $181, the lowest buying rate was unchanged at $144.21, the highest selling rate inched up 27 cents to $186.18 and the lowest selling rate rose 25 cents to $174.
Jamaican$ gains on Thursday
The volume of foreign exchange traded by dealers on Thursday, was much less than on Wednesday, but the Jamaican dollar was stable, against the US dollar and gained versus the British Pound and the Canadian dollar.
Authorized dealers purchased the equivalent of US$27,425,390 versus US$35,555,039, on Wednesday. The equivalent of US$26,636,124was sold, compared with US$31,228,226 on Wednesday.
In US dollar trading, dealers bought US$24,447,336 compared to US$29,154,363 on Wednesday. The buying rate for the US dollar slipped 1 cent to $112.15 and US$23,969,529 was sold versus US$27,180,996 on Wednesday, the selling rate remained at $112.62. The Canadian dollar buying rate, fell 6 cents to $98.39 with dealers buying C$1,819,686 and selling C$1,759,068, at an average selling rate that dropped 18 cents, to $99.49. The rate for buying the British Pound dropped $1.66 to $177.04, for the purchase of £768,058, while £582,736 was sold, at $179.73, down 20 cents. Other currencies bought, amounted to the equivalent of US$169,221, while selling was for the equivalent of US$182,648.
Highs & Lows| The highest buying rate for the US dollar, closed down $1.15, at $112.80, the lowest buying, the highest and the lowest selling rates, were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar climbed 72 cents to $101, the lowest buying rate declined 33 cents to $79.18 and highest selling rate fell $1.49 to $102.51. The lowest selling rate closed up 30 cents to $95.40. The highest buying rate for the British Pound, rose 22 cents to $180.55, the lowest buying rate is down $2.32 to $144.21, the highest selling rate jumped $2.69 to $185.91 and the lowest selling rate rose 75 cents to $173.75.
