The local dollar lost value against all the majors on Monday even as inflows outnumbered outflows with $50 million bought to only $39.4 million sold. On Friday, dealers bought of the equivalent of US$39,803,642 with the equivalent of US$25,324,698 sold.
In US dollar trading, dealers bought US$44,649,343 compared to US$33,708,870 on Friday as the buying rate for the US dollar rose 8 cents to $111.11 and sold US$36,125,994 versus US$23,139,314 on Friday with the rate closing up a cent to $111.56.
The Canadian dollar buying rate rose 65 cents to end at $100.91 with dealers buying C$1,466,526 and selling C$1,067,452 with the rate rising 8 cents to end at $102.53.
The Pound closed at $187.24, for the purchase of £2,344,280, the rate gained 76 cents, while £1,254,031 was sold, with the rate climbing 59 cents to $188.96. Other currencies bought, amounted to the equivalent of only US$158,563 while selling accounted for the equivalent of just $174,570.
Highs & Lows| The highest rate for buying the US dollar gained 22 cents to $112, the lowest buying rate fell 34 cents to $90.26 and the highest selling rate rose by 27 cents to $116.36. The lowest selling rate declined by $17.90 to $90.60.
The highest buying rate for the Canadian dollar climbed 40 cents to $103, the lowest buying rate inched up 4 cents to $81.13, the highest selling rate was up 30 cents to $104.89 and lowest selling rate was up by 25 cents to $98.
The highest buying rate for the Pound gained 65 cents to $189.75 while the lowest buying rate rose $1.45 to $151.27. The highest selling rate rose by $1.87 to $195.01 and the lowest selling rate was up $1.75 to $182.25.
Inflows more than outflows as J$ falls
Moderate flows as J$ looses ground
The Jamaican dollar continues its slide against the main currencies on Thursday as the purchase of foreign currency by dealers, saw more demand than inflows. The equivalent of only US$23,283,938 entered the market with the equivalent of US$26,565,251 leaving. In contrast, on Wednesday dealers bought the equivalent of US$24,428,168 and sold the equivalent of US$31,678,079.
In US dollar trading, dealers bought only US$17,549,276 compared to US$19,806,494 on Wednesday as the buying rate for the US dollar rose 8 cents to $110.85 and sold US$21,696,188 versus US$22,336,540 on Wednesday with the rate closing up 5 cents to $111.50.
The Canadian dollar buying rate fell by 18 cents to end at $101.47 with dealers buying C$1,913,368 and selling C$1,734,868 with the rate rising 4 cents to end at $102.39.
The Pound closed at $186.23, for the purchase of £2,307,441 as the rate gained $1.58, while £1,868,362 was sold, with the rate rising 77 cents to $187.49. Other currencies bought amounted to the equivalent of only US$106,784 while selling accounted for the equivalent of just $134,343.
Highs & Lows| The highest buying rate for the US dollar gained 5 cents to $111.70 but the lowest buying rate along with the highest selling rates remained unchanged at $90.60 and $116.09 respectively. The lowest selling rate declined by 40 cents to $108.10.
The highest buying rate for the Canadian dollar rose 20 cents to $102.80, the lowest buying rate gained 8 cents to end at $80.76, the highest selling rate was up 6 cents to $104.54 and lowest selling rate was up by 40 cents to $97.70.
The highest buying rate for the Pound gained 75 cents to $187.85 while the lowest buying rate remained unchanged at $149.40 as well as the highest selling rate at $192.60 and the lowest selling rate at $180.
Outflows dominate
The Jamaican dollar was mixed against the main currencies, in Wednesday’s trading as the purchase of foreign currency by dealers, saw more demand than supply, breaking a three day spell of more inflows than outflows. A total of the equivalent of only US$24,428,168 entered the market with the equivalent of US$31,678,079 leaving. On Tuesday dealers bought the equivalent of US$33,917,829 and they sold the equivalent of US$28,025,802.
In US dollar trading, dealers bought only US$19.8 million compared to US$26.38 million on Tuesday as the buying rate for the US dollar fell 7 cents to $110.77 and sold US$27,301,779 versus US$22,336,540 on Tuesday with the rate closing up 5 cents to $111.45.
The Canadian dollar buying rate rose by 47 cents to end at $101.64 with dealers buying C$3,126,844 and selling C$3,327,533 with the rate rising 16 cents to end at $102.36.
The Pound closed at $184.65, for the purchase of £980,484 as the rate gained 18 cents, while £755,239 was sold, with the rate dropping 46 cents to $186.72. Other currencies bought amounted to the equivalent of only US$118,036 while selling accounted for the equivalent of just $54,991.
Highs & Lows| The highest rate gained 5 cents to $111.65 but the lowest buying rate along with the highest selling for the US dollar remained unchanged at $90.60 and $116.09 respectively. The lowest selling rate was up $17.90 to $108.50.
The highest buying rate for the Canadian dollar rose 45 cents to $102.60, the lowest buying rate remained unchanged at $80.68, the highest selling rate was up 38 cents to $104.48 and lowest selling rate was up by a mere 10 cents to $97.30.
The highest buying rate for the Pound gained 10 cents to $187.10 while the lowest buying rate remained unchanged at $149.40. The highest selling rate rose by $1.06 to $192.60 and the lowest selling rate was up 55 cents to $180.
