J$ revaluation continues – Thursday

The Jamaican dollar made gains on Thursday in Jamaican forex market as dealers sold US$39.07 million at an average rate of J$129.34 versus J$129.45 for US$56.74 million previously.
US currency purchases, accounted for US$33.93 million at an average rate of JS$128.35 compared in total inflows US$38.54 million on Wednesday, at an average rate of J$128.55.
Inflows of all currencies into Jamaica’s forex market ended at US$41.15 million compared to US$44.76 million on Wednesday, while dealers sold US$46.03 million, well down on the US$62.53 million, previously.
The selling rate for the Canadian dollar slipped to J$104.11 from J$104.14 at the close on Wednesday. The British Pound declined to J$171.45 for buying the British currency versus J$172.35 previously and the euro lost value against the Jamaican dollar, with it taking J$153.03 to buy the European common currency, versus J$154.41, previously.

Big US$ sell off by dealers – Wednesday

Dealers in Jamaican forex market, sold off US dollars on Wednesday with the selling rate falling below Tuesday’s rate of JS$129.57 to the US and ending at J$129.46 on Wednesday as selling exceeded buying by a wide margin.
Inflows of all currencies into Jamaica’s forex market ended down, at US$44.76 million compared to US$48.33 million on Tuesday, while dealers sold US$62.53 million versus US$49.45 million, previously.
US currency purchases, accounted for US$38.54 million of total inflows, at an average rate of J$128.55 versus J$128.62 for US$40.80 million on Tuesday, while dealers sold US$56.74 million compared to US$43.61 million previously.
The selling rate for the Canadian dollar rose to J$104.14 from J$103.94 at the close on Tuesday. The British Pound rose to J$172.35 for buying the British currency versus J$170.96 previously and the euro gained in value against the Jamaican dollar, with it taking J$154.41 to buy the European common currency, versus J$152.57, previously.

JS$ inched lower in value vs US – Tuesday

The Jamaican dollar marginally lost value on Tuesday, with the rate against the US dollar that dealers sold at, inching to $129.57 from JS$129.56 on Monday and as slightly more funds were sold than bought.
Inflows of all currencies into Jamaica’s forex market ended on Tuesday at US$48.33 million compared to Monday’s US$46.95 million, while dealers sold US$49.45 million versus US$53.91 million, previously.
US currency purchases, accounted for US$40.80 million of the total inflows, at an average of J$128.62 versus J$128.48 for US$43.78 million on Monday, while dealers sold US$43.61 million compared to US$52.12 million previously.
The selling rate for the Canadian dollar rose to J$103.94 from J$102.48 at the close on Monday. The British Pound dropped to J$170.96 for buying the British currency versus J$171.50 previously and the euro gained in value against the Jamaican dollar, with it taking J$152.57 to buy the European common currency, versus J$151.84, previously.

JS$ gains more ground on Monday

The Jamaican dollar recovered more value on Monday, with the rate against the US dollar that dealers sold at, falling to $129.56 from JS$129.91 on Friday and as more funds were sold than bought.
Inflows of all currencies into Jamaica’s forex market ended on Monday at US$46.95 million compared to Friday’s US$37.34 million, while dealers sold US$ 53.91 million versus US$37.23 million, previously.
US currency purchases, accounted for US$43.78 million of the total inflows, at an average of J$128.48 versus J$128.49 for US$28.65 million on Friday, while dealers sold US$52.12 million compared to US$30.35 million previously.
The selling rate for the Canadian dollar dropped to J$102.48 from J$105.10 at the close on Friday. The British Pound dropped to J$171.50 for buying the British currency versus J$173.88 previously and the euro declined in value against the Jamaican dollar, with it taking J$151.84 to buy the European common currency, versus J$152.45, previously.

JS$ gains more ground vs US$ – Friday

The Jamaican dollar made further gains in recovering lost value on Friday, with the rate against the US dollar that dealers sold at, falling to $129.91 from JS$129.99 on Thursday.
Inflows of all currencies into Jamaica’s forex market ended on Friday at US$37.34 million down from Thursday’s US$46.71 million, while dealers sold US$37.23 million versus US$50.04 million, previously.
US currency purchases, accounted for US$28.65 million of the total inflows, at an average of J$128.49 versus J$129.12 for US$36.83 million on Thursday, while dealers sold US$30.35 million compared to US$38.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.10 from J$105.55 at the close on Thursday. The British Pound dropped to J$173.88 for buying the British currency versus J$176.21 previously and the euro declined in value against the Jamaican dollar, with it taking J$152.45 to buy the European common currency, versus J$157.14, previously.

JS$ back below $130 to US$ – Thursday

The Jamaican dollar made gains on Thursday, with the rate against the US dollar falling back below $130 after it surged earlier in the month to more than J$131 to the US.
Selling by Bank of Jamaica through the new weekly auction system of US$75 million since the last week in August seems to have met most of the demand so far. Inflows of all currencies into Jamaica’s forex market ended on Thursday at US$46.71 million down from Wednesday’s US$48.90 million, inclusive of the BOJ auction sale of US$10 million, while dealers sold US$50.04 million versus US$47.27 million, previously.
US currency purchases, accounted for US$36.83 million of the total inflows, at an average of J$129.12 versus J$129.40 for US$40.57 million on Wednesday, while dealers sold US$38.66 million at JS$129.99 compared to J$130.37 for US$39.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.55 from J$105.80 at the close on Wednesday. The British Pound was marginally more costly, with J$176.21 buying the British currency versus J$175.50 previously and the euro rose in value against the Jamaican dollar, with it taking J$157.14 to buy the European common currency, versus J$154.06 previously.

Forex inflows upto US$49m – Wednesday

Inflows of all currencies into Jamaica’s forex market, rose on Wednesday to US$48.90 million from Tuesdays’ US$45.06 million, while dealers sold US$47.27 million versus US$49.48 million, previously.
Bank of Jamaica weekly auction scheduled for Wednesday would have pumped $10 million into the system and is expected to be included in the total inflows.
US currency purchases, accounted for US$40.57 million of the total inflows, at an average of J$129.40 versus J$129.26 for US$36.50 million on Tuesday, while dealers sold US$39.66 million at JS$130.37 compared to J$130.45 for US$41.60 million previously.
The selling rate for the Canadian dollar dropped to J$105.80 from J$106.41 at the close on Tuesday. The British Pound was marginally more costly, with J$175.50 buying the British currency versus J$175.34 previously and the euro fell in value against the Jamaican dollar, with it taking J$154.06 to buy the European common currency, versus J$156.15 previously.

Forex inflows up to US$45m – Tuesday

Inflows of all currencies into Jamaica’s forex market rose on Tuesday to US$45.06 million from Mondays’ US$41.73 million, while dealers sold US$49.48 million versus US$40.33 million, previously.
US currency purchases, accounted for US$36.50 million at an average of J$129.26 versus J$129.28 for US$36.29 million on Monday, while dealers sold US$41.60 million at JS$130.45 compared to J$130.52 for US$36.04 million previously.
The selling rate for the Canadian dollar rose to J$106.41 from J$106.06, at the close on Monday. The British Pound was marginally more costly, with J$175.34 buying the British currency versus J$175.30 previously and the euro, fell slightly in value against the Jamaican dollar, with it taking J$156.15 to buy the European common currency, versus J$156.18 previously.

Forex inflows dip to US$42m – Monday

Inflows of all currencies into Jamaica’s forex market dipped on Monday to US$41.73 million from Fridays’ US$51.07 million, while dealers sold US$40.33 million versus US$35.61 million, previously.
US currency purchases, accounted for US$36.29 million at an average of J$129.28 versus J$129.78 for US$40.99 million on Friday, while dealers sold US$36.04 million at JS$130.52 compared to J$131.18 for US$29.71 million previously.
The selling rate for the Canadian dollar fell to J$106.06 from J$106.43, at the close on Friday. The British Pound was less costly, with J$175.30 buying the British currency versus J$176.75 previously and the euro, fell in value against the Jamaican dollar, with it taking J$156.18 to buy the European common currency, versus J$157.29 previously.

Forex inflows jump to US$51m – Friday

Inflows of all currencies into Jamaica’s forex market jumped on Friday of US$51.07 million from Thursdays’ US$30.75 million, while dealers sold only US$35.61 million versus US$26.40 million.
US currency purchases accounted for US$40.99 million at an average of J$129.78 versus J$129.82 for US$28.22 million on Thursday, while dealers sold US$29.71 million at JS$130.81 compared to J$131 for US$24.62 million previously. For the week Purchases by dealers accounted for US$276 million and selling of US$186 million of all currencies.
The selling rate for the Canadian dollar fell to J$106.43 from J$107.09, at the close on Thursday. The British Pound was less costly, with J$176.75 buying the British currency versus J$177.81 previously and the euro, fell in value against the Jamaican dollar, with it taking J$157.29 to buy the European common currency, versus J$158.92 previously.