In Forex trading the total inflows of funds was slightly higher than outflows, with the equivalent of US$34,797,225 purchased, to US$33,786,541 sold compared to the equivalent of US$43,468,700 bought and $39,107,616 sold on the previous trading day.
In US dollar trading, dealers bought US$30,303,191 compared to US$36,202,132 on Monday as the buying rate for the US dollar increased by 14 cents to $111.66 and sold US$31,522,303 versus US$32,694,269 on Monday with the rate closing up 6 cents at $112.26.
The Canadian dollar buying rate fell 43 cents to $103.36 with dealers buying C$1,447,974 and selling C$964,815 as the rate declined by 71 cents to end at $105.01.
The Pound closed at $189.51 for the purchase of £1,649,198, the rate rose 32 cents, while £684,741 was sold, with the rate climbing by 12 cents to $192.02. Other currencies bought, amounted to the equivalent of US$354,670 while selling accounted for the equivalent of just US$190,442.
Highs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.80, the lowest buying rate was unchanged at $91.02, the highest selling rate rose 54 cents to $117.17 at the end of trading but the lowest selling rate rose $18.69 to $109.50.
The highest buying rate for the Canadian dollar rose 15 cents to $105.70, in the meantime the lowest buying rate rose 46 cents at $83.29, the highest selling rate rose by 37 cents to $107.37 and lowest selling rate climbed 55 cents to $100.35.
The highest buying rate for the British Pound increased $1.50 to $194 while the lowest buying rate inched up $1.04 to $153.18. The highest selling rate rose by $1.34 to $197.47 and the lowest selling rate was up $1.25 to $184.55.
J$112.26 to buy the US dollar
J$112.15 to buy the US dollar
Dealers sold more US dollars than they bought on Friday helping to push the value of the Jamaican down to the lowest levels on record at J$112.15 to US dollar as the local currency lost value against all three major currencies.
Overall, the total inflows of funds was slightly higher than the outflows, with the equivalent of US$32,458,785 purchased, to US$31,869,468 sold compared to the equivalent of US$27,672,890 bought and $27,581,379 sold on the previous trading day. In US dollar trading, dealers bought US$24,215,389 compared to US$23,556,430 on Thursday as the buying rate for the US dollar rose by 11 cents to $111.54 and sold US$26,206,729 versus US$24,262,138 on Thursday with the rate closing up 12 cents at $112.15.
The Canadian dollar buying rate increased by 39 cents to $104.34 with dealers buying C$4,167,477 and selling C$3,710,374 as the rate rose by 4 cents to end at $104.92.
The Pound closed at $189.09 for the purchase of £2,472,622, the rate rose $1.05, while £1,192,484 was sold, the rate climbed by 68 cents to $191.18. Other currencies bought, amounted to the equivalent of US$153,206 while selling accounted for the equivalent of just US$158,485.
Highs & Lows| The highest rate for buying the US dollar fell 5 cents to $112.55, the lowest buying rate of $91.02 and the highest selling rate of $116.63 were unchanged at the end of trading but the lowest rate climbed $18.19 to of $109.
The highest buying rate for the Canadian dollar rose 47 cents to $105.45, in the meantime the lowest buying rate rose 13 cents at $82.63, the highest selling rate fell by 71 cents to $106.86 and lowest selling rate dropped 50 cents to $99.
The highest buying rate for the British Pound increased 30 cents to $191.30 while the lowest buying rate inched up 4 cents to $151.93. The highest selling rate of $195.86 remained unchanged and the lowest selling rate was up 20 cents to $183.25.
J$ crosses $112 mark for first time
Dealers sold US$24,262,138 on Thursday at a record high of J$112.03 to US$1 as the selling rate rose by 4 cents compared to the closing rate on Wednesday. The Canadian dollar also gained against the local currency but the Jamaican dollar gained against the British Pound. Inflows and outflows were almost even, with the equivalent of US$27,672,890 purchased, to US$27,581,379 sold compared to the equivalent of US$29,420,890 bought and $30,842,690 sold on the previous trading day. In US dollar trading, dealers bought US$23,556,430 compared to US$24,714,017 on Wednesday as the buying rate for the US dollar slipped by a cent to $111.43 and sold US$24,262,138 versus US$27,513,720 on Wednesday with the rate closing up 4 cents at $112.03.
The Canadian dollar buying rate increased by $1.51 to $103.95 with dealers buying C$2,340,981 and selling C$2,655,428 as the rate rose by 39 cents to end at $104.89.
The Pound closed at $188.04, for the purchase of £1,066,780, the rate fell back $1.01, while £460,546 was sold, with the rate easing by 18 cents to $190.50. Other currencies bought, amounted to the equivalent of US$132,656 while selling accounted for the equivalent of just US$49,931.
Highs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.60, the lowest buying rate of $91.02, the highest selling rate at $116.63 and the lowest rate of $90.81 were all unchanged at the end of Thursday’s trading.
The highest buying rate for the Canadian dollar rose 28 cents to $104.98, in the meantime the lowest buying rate remained unchanged at $82.50, the highest selling rate rose by $1.21 to $107.57 and lowest selling rate rose 10 cents to $99.50.
The highest buying rate for the Pound increased 5 cents to $191 while the lowest buying rate fell back by $7.32 to $151.89. The highest selling rate rose by $2.63 to $195.86 and the lowest selling rate was up 5 cents to $183.05.
J$ loses value against all
The local dollar slipped against all three main currencies Wednesday as inflows were slightly lower than outflows, with the equivalent of US$29,420,890 purchased, to US$30,842,690 sold compared to the equivalent of US$32,499,886 bought and $30,817,870 sold on the previous trading day.
In US dollar trading, dealers bought US$24,714,017 compared to US$29,563,621 on Tuesday as the buying rate for the US dollar was unchanged at $111.44 and sold US$27,513,720 versus US$28,277,012 on Tuesday with the rate closing up 6 cents at $111.99.
The Canadian dollar buying rate climbed by 84 cents to $102.44 with dealers buying C$816,780 and selling C$723,988 as the rate rose 86 cents to end at $104.50. The Pound closed at $189.05, for the purchase of £2,267,992, the rate was up $1.90, while £1,507,826 was sold, with the rate rising 69 cents to $190.68. Other currencies bought, amounted to the equivalent of US$108,643 while selling accounted for the equivalent of just US$86,081.
Highs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.50, the lowest buying rate climbed 21 cents to $91.02 but the highest selling rate was unchanged at $116.63 and the lowest fell 21 cents to $90.81.
The highest buying rate for the Canadian dollar rose 45 cents to $104.70, the lowest buying rate remained unchanged at $82.50, the highest selling rate rose by 21 cents to $106.36 and lowest selling rate remained unchanged at $99.40.
The highest buying rate for the Pound increased 75 cents to $190.95 while the lowest buying rate increased by $7.32 to $159.21. The highest selling rate declined by $2.90 to $193.23 and the lowest selling rate was down 30 cents to $183.
J$ drops against US dollar
The local dollar slipped against the US on Tuesday but was up against the Canadian dollar and mixed versus the Pound sterling, as inflows were once more higher than outflows, with the equivalent of US$32,499,886 being bought, to US$30,817,870 sold. On Monday dealers bought the equivalent of US$44,472,177 to $36,939,559 sold. In US dollar trading, dealers bought US$29,563,621 compared to US$38,400,461 on Monday as the buying rate for the US dollar rose 20 cents to $111.44 and sold US$28,277,012 versus US$33,754,880 on Monday with the rate closing up 8 cents at $111.93.
The Canadian dollar buying rate was down by 88 cents to $101.60 with dealers buying C$789,494 and selling C$497,142 as the rate fell 41 cents to end at $103.63.
The Pound closed at $187.16, for the purchase of £907,493, the rate fell 94 cents, while £801,571 was sold, with the rate rising 43 cents to $189.98. Other currencies bought, amounted to the equivalent of $692,375 while selling accounted for the equivalent of just $720,056.
Highs & Lows| The highest rate for buying the US dollar gained 5 cents to $112.40, the lowest buying rate remained unchanged at $90.81 but the highest selling rate was up 27 cents to $116.63 and the lowest was up 21 cents to $91.02.
The highest buying rate for the Canadian dollar fell 20 cents to $104.25, the lowest buying rate moved up 50 cents to $82.50, the highest selling rate rose by 15 cents to $106.15 and lowest selling rate gained 60 cents to $99.40.
The highest buying rate for the Pound lost 40 cents to $190.20 while the lowest buying rate was unchanged at $151.89. The highest selling rate increased by 32 cents to $196.13 and the lowest selling rate was up 30 cents to $183.30.
J$ stable against US dollar
The local dollar was stable against the US on Monday but slipped against the Canadian dollar and was mixed versus the Pound sterling, as inflows were once more higher than outflows, with the equivalent of US$44,472,177 being bought, to US$36,939,559 sold. On Friday dealers bought the equivalent of US$34,329,485 to $37,187,229 sold.
In US dollar trading, dealers bought US$38,400,461 compared to US$32,014,992 on Friday as the buying rate for the US dollar fell 8 cents to $111.24 and sold US$33,754,880 versus US$31,747,005 on Friday with the rate closing unchanged at $111.86.
The Canadian dollar buying rate was unchanged at $102.48 with dealers buying C$2,501,983 and selling C$1,535,408 as the rate rose 53 cents to end at $104.05.
The Pound closed at $188.10, for the purchase of £1,918,159, the rate rose 19 cents, while £920,449 was sold, with the rate dipping 68 cents to $189.56. Other currencies bought, amounted to the equivalent of US$523,239 while selling accounted for the equivalent of just $196,611.
Highs & Lows|The highest rate for buying the US dollar gained 15 cents to $112.35, the lowest buying rate remained unchanged at $90.81 and so is the case with the highest selling rate at $116.36 and the lowest at $90.80.The highest buying rate for the Canadian dollar increased by 45 cents to $104.45, the lowest buying rate moved up 41 cents to $82, the highest selling rate rose by 34 cents to $106 and lowest selling rate gained 50 cents to $98.80.
The highest buying rate for the Pound rose 30 cents to $190.60 while the lowest buying rate fell by 12 cents to $151.89. The highest selling rate increased by $1.81 to $195.81 and the lowest selling rate was down 15 cents to $183.
J$ loses against US & Canadian
The local dollar lost ground against the US and Canadian dollar and lost value versus the Pound sterling, in Friday’s forex trading as inflows were slightly more than outflows with the equivalent of $37,187,229 being bought, to $34,329,485 sold. On Thursday dealers bought the equivalent of US$23,475,190 to $22,721,583 sold. In US dollar trading,
dealers bought US$32,014,992 compared to US$19,582,408 on Thursday as the buying rate for the US dollar rose 23 cents to $111.32 and sold US$31,747,005 versus US$19,642,222 on Thursday with the rate closing up 10 cents at $111.86.
The Canadian dollar buying rate rose $1.37 to end at $102.47 with dealers buying C$2,142,994 and selling C$1,618,928 as the rate rose 25 cents to end at $103.52.
The Pound closed at $187.91, for the purchase of £1,824,361, the rate fell 70 cents, while £580,004 was sold, with the rate dipping 8 cents to $190.24. Other currencies bought, amounted to the equivalent of US$120,109 while selling accounted for the equivalent of just $97,794.
High & Lows| The highest rate for buying the US dollar gained 15 cents to $112.20, the lowest buying rate remained unchanged at $90.81, the highest selling rate closed down by 6 cents at $116.36 but the lowest selling rate dipped back $17.29 to $90.81.
The highest buying rate for the Canadian dollar increased by 80 cents to $104, the lowest buying rate moved up 25 cents to $81.59, the highest selling rate was down by 6 cents to $105.66 and lowest selling rate gained 30 cents to $98.30.
The highest buying rate for the Pound dipped 30 cents to $190.30 while the lowest buying rate grew by 78 cents to $152.01. The highest selling rate lost 95 cents to $194 and the lowest selling rate was up $2.15 to $183.15.
J$ makes gain versus US
The local dollar lost ground against the Pound sterling, was mixed against Canadian dollar but gained against the US dollar in Thursday’s forex trading as inflows were slightly more than outflows with the equivalent of $23,475,190 being bought, to $22,721,583 sold. On Wednesday dealers bought the equivalent of US$31,876,372 to $34,108,329 sold.
In US dollar trading, dealers bought US$19.58 million compared to US$24.57 million on Wednesday as the buying rate for the US dollar declined 3 cents to $111.09 and sold US$19,642,222 versus US$29,670,705 on Wednesday with the rate closing down 3 cents to $111.76.
The Canadian dollar buying rate fell 73 cents to end at $101.10 with dealers buying C$748,328 and selling C$755,327 as the rate rose 77 cents to end at $103.27.
The Pound closed at $188.61, for the purchase of £1,815,425, the rate is up $2.15, while £1,089,821 was sold, with the rate rising $1.79 to $190.32. Other currencies bought, amounted to the equivalent of US$129,641 while selling accounted for the equivalent of just $525,516.
Highs & Lows| The highest rate for buying the US dollar gained 15 cents to $112.05, the lowest buying rate remained unchanged at $90.81 as well as the highest selling rate at $116.42 but the lowest selling rate was up $17.29 to $108.10.
The highest buying rate for the Canadian dollar increased by 30 cents to $103.20, the lowest buying rate moved down 12 cents to $81.34, the highest selling rate was unchanged at $105.72 and lowest selling rate fell 15 cents to $98.
The highest buying rate for the Pound climbed $1.10 to $190.60 while the lowest buying rate inched down 8 cents to $151.23. The highest selling rate gained $2.44 to $194.95 and the lowest selling rate fell $1.30 to $181.
More funds sold than Inflows as – J$ slips
The local dollar lost ground against the US and Canadian dollars on Wednesday as inflows were less than outflows for the second day in a row with the equivalent of $31,876,372 being bought to $34,108,329 sold. On Tuesday dealers bought the equivalent of US$26,494,130 to $36,419,004 sold.
In US dollar trading, dealers bought US$24.57 million compared to US$22.1 million on Tuesday as the buying rate for the US dollar was up 3 cents to $111.13 and sold US$29,670,705 versus US$31,688,770 on Tuesday with the rate closing up 17 cents to $111.79.
The Canadian dollar buying rate rose 39 cents to end at $101.83 with dealers buying C$2,582,416 and selling C$2,670,666 with the rate rose 7 cents to end at $102.50.
The Pound closed at $186.46, for the purchase of £1,547,416, the rate lost 46 cents, while only £300,664 was sold, with the rate falling 20 cents to $188.53. Other currencies bought, amounted to the equivalent of US$2,340,485 while selling accounted for the equivalent of just $1,481,964.
Highs & Lows| The highest rate for buying the US dollar lost 80 cents to $111.90, the lowest buying rate was up 55 cents $90.81, the highest selling rate climbed 6 cents $116.42 and the lowest selling rate was up 21 cents to $90.81.
The highest buying rate for the Canadian dollar eased 5 cents to $102.90, the lowest buying rate moved down 42 cents to $81.46, the highest selling rate was up 16 cents to $105.72 and lowest selling rate fell 50 cents to $98.15.
The highest buying rate for the Pound remained unchanged at $189.50 while the lowest buying rate inched up 4 cents to $151.31. The highest selling rate dropped $2.82 to $192.51 and the lowest selling rate fell 25 cents to $182.30.
More funds sold than Inflows
The local dollar was mixed against the majors on Tuesday as inflows was far less than outflows with the equivalent of $26,494,130 bought to $36,419,004 sold pretty much utilizing the excess amounts purchased on Monday when dealers bought of the equivalent of US$50 million with the equivalent of US$39.4 million sold.
In US dollar trading, dealers bought US$22,119,731 compared to US$44,649,343 on Monday as the buying rate for the US dollar eased 2 cents to $111.09 and sold US$31,688,770 versus US$36,125,994 on Monday with the rate closing up 6 cents to $111.62.
The Canadian dollar buying rate rose 53 cents to end at $101.44 with dealers buying C$1,443,301 and selling C$1,256,387 with the rate falling 10 cents to end at $102.43.
The Pound closed at $186.92, for the purchase of £1,416,577, the rate lost 32 cents, while £1,151,219 was sold, with the rate falling 22 cents to $188.73. Other currencies bought, amounted to the equivalent of US$673,078 while selling accounted for the equivalent of just $1,630,839.
Highs & Lows| The highest rate for buying the US dollar gained 70 cents to $112.70, the lowest buying, the highest selling and the lowest selling rates all remained unchanged at $90.26, $116.36 and $90.60 respectively.
The highest buying rate for the Canadian dollar eased 5 cents to $102.95, the lowest buying rate moved up 75 cents to $81.88, the highest selling rate was up 67 cents to $105.56 and lowest selling rate was up by 65 cents to $98.65.
The highest buying rate for the Pound declined 25 cents to $189.50 while the lowest buying rate remained unchanged at $151.27. The highest selling rate rose by 32 cents at $195.33 and the lowest selling rate was up 30 cents to $182.55.
