As authorized dealers bought another $10 million more than they sold on Friday bringing the net inflows since the end of June, to US$238 million as dealers bought US$40,765,078 and sold US$32,968,997 compared to US$42,116,500 purchased and US$34,757,990 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$38,520,593 compared to US$38,450,163 on Thursday. The buying rate for the US dollar slipped 6 cents to close at $126.76. A total of US$30,809,968 was sold versus US$32,644,249 on Thursday, with the selling rate rising 5 cents to end at $127.36. The Canadian dollar buying rate rose 1 cent to $95.62, with dealers buying C$816,078 and selling C$789,840 at an average rate that rose 58 cents to $98.54. The average rate for buying the British Pound climbed 63 cents to $164.97 for the purchase of £1,167,267 while £1,014,519 was sold with the rate falling 30 cents to end at $167.97.
At the end of trading, the selling rate for the Euro, rose 54 cents to close at J$144.11 from Thursday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$141.11 for a rise of $1.39 from the rate on Thursday. The US dollar equivalent of other currencies traded amounts to US$109,799 being bought, while US$209,951, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include a drop of $3.24 in the highest selling rate for the US dollar to $134.30, a rise of $1.60 in the lowest selling rate of the Canadian Dollar to close at $94.60. Trading in the British Pound resulted in a rise of $1.50 in the lowest selling rate to close of $162.50.
More inflows in Ja. FX market
As authorized dealers bought another $7.3 million more than they sold on Thursday bringing the net inflows since the end of June, to US$228 million. In Thursday’s trading, dealers bought US$42,116,500 and sold US$34,757,990 compared to US$48,991,761 purchased and US$30,732,595 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$38,450,163 compared to US$46,332,966 on Wednesday. The buying rate for the US dollar was unchanged at $126.82. A total of US$32,644,249 was sold versus US$28,655,368 on Wednesday, with the selling rate rising 6 cents to end at $127.31. The Canadian dollar buying rate rose 12 cents to at $95.61, with dealers buying C$976,528 and selling C$516,412 at an average rate that fell 86 cents to $97.96. The average rate for buying the British Pound dropped 74 cents to $164.34 for the purchase of £2,007,388, while £1,030,002 was sold with the rate climbing $1.19 to end at $168.27.
At the end of trading, the selling rate for the Euro, fell 83 cents to close at J$143.57 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$139.72 for a rise of $1.49 from the rate on Wednesday. The US dollar equivalent of other currencies traded amounts to US$328,758 being bought, while US$354,975, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a jump of $3.24 in the highest selling rate for the US dollar to $137.54, a decline of $1.15 in the highest buying rate of Canadian Dollar to close at $99.50. Trading in the British Pound resulted in a rise of $1.96 in the highest selling rate to $176.58 and a fall of $1.50 in the lowest selling rate to close of $161.
FX stock pile now US$189M – Friday
Authorized dealers added another $6 million to their stockpile of foreign exchange on Friday moving the net purchases since the end of June, to US$189 million by Jamaica’s foreign exchange dealers as the selling rate for the United States dollar rose again.
In Friday’s trading, dealers bought US$44,787,776 and sold US$38,925,904 compared to US$43,395,032 purchased and US$37,474,064 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$42,010,057 compared to US$39,678,921 on Thursday. The buying rate for the US dollar fell 1 cent to $126.65. A total of US$36,526,935 was sold versus US$35,507,077 on Thursday, with the selling rate rising 5 cents to end at $127.20. The Canadian dollar buying rate fell 54 cents to end at $95.62, with dealers buying C$1,077,564 and selling C$1,486,362 at an average rate that jumped $1.14 to $99.28. The average rate for buying the British Pound climbed $1.01 to $163.53 for the purchase of £1,409,548, while £854,904 was sold with the rate jumping by $1.15 to end at $166.07.
At the end of trading, the selling rate for the Euro, dropped $2.33 to close at J$142.59 from Thursday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$457,288 being bought, while US$411,932 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include a drop of $18.80 in the lowest selling rate for the US dollar to $104.20, a rise of 97 cents in the highest selling rate of Canadian Dollar to close at $103.68, a jumped of $5 in the lowest selling rate to end at $95. Trading in the British Pound resulted in a rise of $3.64 in the highest buying rate to $170.74, a rise of $1.91 in the lowest buying rate to $134.88, a rise of $2.48 in the lowest buying rate to end at $175.50 while the lowest selling rate climbed $2 to close of $160.
FX stock pile now US$183M – Thursday
Authorized dealers added $6 million to their stockpile of foreign exchange on Thursday, moving the net purchases since the end of June, to just above US$183 million by Jamaica’s foreign exchange dealers.
In Thursday’s trading, dealers bought US$43,395,032 and sold US$37,474,064 compared to US$45,088,179 purchased and US$44,439,314 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$39,678,921 compared to US$41,895,891 on Wednesday. The buying rate for the US dollar rose 9 cents to $126.66. A total of US$35,507,077 was sold versus US$42,609,761 on Wednesday, with the selling rate rising 3 cents to end at $127.15. The Canadian dollar buying rate fell 25 cents to end at $96.16, with dealers buying C$1,276,184 and selling C$953,348 at an average rate that slipped 26 cents to $98.14. The average rate for buying the British Pound rose 13 cents to $162.52 for the purchase of £1,784,815, while £631,596 was sold with the rate falling by 17 cents to end at $164.92.
At the end of trading, the selling rate for the Euro, rose $1.90 to close at J$144.92 from Wednesday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$457,288 being bought, while US$411,932 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a rise of $19.51 in the lowest selling rate for the US dollar to $123, a fall of $1 in the highest buying rate of Canadian Dollar to close at $99.50, a dropped of $2 in the lowest selling rate to end at $90. Trading in the British Pound resulted in a rise of $1.50 in the highest buying rate to $167.10 and the lowest selling rate fell 60 cents to close of $158.
Stock pile moves just above US$177M – Wednesday
Authorized dealers added under $1 million to their stockpile of foreign exchange on Wednesday, moving the net purchases since the end of June, to just above US$177 million by Jamaica’s foreign exchange dealers.
In Wednesday’s trading, dealers bought US$45,088,179 and sold US$44,439,314 compared to US$49,290,241 purchased and US$37,062,318 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$41,895,891 compared to US$47,271,163 on Tuesday. The buying rate for the US dollar rose 8 cents to $126.57. A total of US$42,609,761 was sold versus US$35,570,768 on Tuesday, with the selling rate rising 9 cents to end at $127.12. The Canadian dollar buying rate rose $1.15 to end at $96.41, with dealers buying C$1,640,529 and selling C$980,057 at an average rate that slipped 4 cents to $98.40. The average rate for buying the British Pound jumped $2.18 to $162.39 for the purchase of £1,307,986, while £745,124 was sold to end at $165.09, for a rise of $1.07.
At the end of trading, the selling rate for the Euro, rose 82 cents to close at J$143.02 from Tuesday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$264,486 being bought, while US$103,202 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Wednesday, include a rise of $2.30 in the highest buying rate of the Canadian Dollar to close at $100.50, a jump of $2 in the lowest selling rate to end at $92. Trading in the British Pound resulted in a drop of 80 cents in the highest buying rate to $165.60, the highest selling rate jumped $4.12 to close at $172.80 and lowest selling rate fell 40 cents to close of $158.60.