Euro up sharply vs Jamaican$ – Wednesday

The euro jumped sharply in value against the Jamaican dollar on Wednesday to end at J$155.12 to buy the European common currency, up from J$151.76 on Tuesday.
At the close of trading on Wednesday, the rate the public bought the US dollar fell 16 cents Jamaican but the rate dealers bought the Green back jumped by 37 cents.
Inflows of all currencies climbed to US$39.84 million, from US$29.27 million on Tuesday with the selling of US$38.79 million slightly up from US$37.14 million sold on Tuesday.
In US dollar, trading dealers sold US$32.50 million at an average of $124.80 at the close, compared US$36.03 million at an average of $124.96 on Tuesday. US currency purchases by dealers, amounted to US$33.95 million, at an average rate of $123.60, compared to Tuesday, with US$26.30 million, at an average rate of $123.33.
On Wednesday at midday dealers purchased US$11.47 million at an average rate of J$124.06 and sold US$6.85 million at an average of J$124.80. At mid-day on Tuesday dealers purchased US$12.54 million at an average rate of J$122.87 and sold US$11.89 million at an average of J$124.91.
The selling rate for the Canadian dollar climbed to J$100.22 from J$99.94 at the close on Tuesday and the selling rate for the British Pound rose to J$171.17 from J$169.28 previously.

 

Jamaican$ lost ground – Tuesday

At the close of trading on Tuesday, the rate the public bought the US dollar climbed 9 cents Jamaican but the rate dealers bought the Green jumped by $1.04.
The local currency fell in value against the British Pound and the euro but rose against Canadian Dollar.
Inflows of all currencies ended at US$29.27 million, compared with US$26.63 million on Monday with the selling of US$37.14 million versus with US$33.40 million sold on Monday.
In US dollar, trading dealers sold US$36.03 million at an average of $124.96 at the close, compared US$31.63 million at an average of $124.87 on Monday. US currency purchases by dealers, amounted to US$26.30 million, at an average rate of $123.33, compared to Monday, with US$23.02 million, at an average rate of $122.29.
On Tuesday at midday dealers purchased US$12.54 million at an average rate of J$122.87 and sold US$11.89 million at an average of J$124.91. At mid-day on Monday dealers purchased US$6.84 million at an average rate of J$122.38 and sold US$5.52 million at an average of J$124.83.
The selling rate for the Canadian dollar climbed to J$99.94 from J$98.52 at the close on Monday. The selling rate for the British Pound fell to J$169.28 versus J$170.97 previously and the euro rose in value against the Jamaican dollar at J$ 151.76 to buy the European common currency, versus the prior selling rate of J$150.98.

Jamaican$ mostly lost ground – Monday

Chart shows that the Jamaican dollar could go back to 120 to US dollar in 2018.

At the close of trading on Monday, the rate the public bought the US dollar climbed 10 cents Jamaican but the rate dealers bought the Green back at, fell $1.49.
The local currency fell in value against the British Pound and the euro but rose against Canadian Dollar.
Inflows of all currencies ended at US$26.63 million, versus US$61.29 million on Friday with the selling of US$33.40 million compared with US$45.40 million sold on Friday.
In US dollar, trading dealers sold US$31.63 million at an average of $124.87 at the close, compared US$37.76 million at an average of $124.77 on Friday. US currency purchases by dealers, amounted to US$23.02 million, at an average rate of $122.29 , compared to Friday, with US$46.92 million, at an average rate of $123.78.
On Monday at midday dealers purchased US$6.84 million at an average rate of J$122.38 and sold US$5.52 million at an average of J$124.83. At mid-day on Friday dealers purchased US$16.39 million at an average rate of J$124.21 and sold US$17.18 million at an average of J$124.71.
The selling rate for the Canadian dollar fell to J$98.52 from J$99.59 at the close on Friday. The selling rate for the British Pound fell to J$170.97 versus J$168.58 previously and the euro fell in value against the Jamaican dollar at J$150.98 to buy the European common currency, versus the prior selling rate of J$148.14.

Jamaican$ recovered lost ground – Friday

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At the close of trading on Friday, the rate the public bought the US dollar declined 2 cents Jamaican but the rate dealers bought the Green back increased by 8 cents.
The local currency rose in value against the British Pound and the euro and fell against Canadian Dollar.
Inflows of all currencies ended at US$61.29 million, versus US$38.29 million on Thursday with the selling of US$45.40 million compared with US$33.33 million sold on Thursday.
In US dollar, trading dealers sold US$37.76 million at an average of $124.77 at the close, compared US$31.56 million at an average of $124.79 on Thursday. US currency purchases by dealers, amounted to US$46.92 million, at an average rate of $123.78, compared to Thursday, with US$34.57 million, at an average rate of $123.70.
On Friday at midday dealers purchased US$16.39 million at an average rate of J$124.21 and sold US$17.18 million at an average of J$124.71. At mid-day on Thursday dealers purchased US$10.69 million at an average rate of J$123.86 and sold US$7.2 million at an average of J$124.75.
The selling rate for the Canadian dollar rose to J$99.59 from J$99.09 at the close on Thursday. The selling rate for the British Pound fell to J$168.58 versus J$169.14 previously and the euro fell in value against the Jamaican dollar at J$148.14 to buy the European common currency, versus the prior selling rate of J$149.02.

Jamaican$ slips vs US$ again

At the close of trading on Thursday, the rate the public bought the US dollar rose 2 cents Jamaican. The rate dealers bought the Green back slipped by 1 cent.
The local currency rose in value against the Canadian Dollar and fell against the British Pound and the euro.
Inflows of all currencies ended at US$38.29 million, versus US$47.49 million on Wednesday with the selling of US$33.33 million compared with US$43.74 million sold on Wednesday.
In US dollar, trading dealers sold US$31.56 million at an average of $124.79 at the close, compared US$40.59 million at an average of $124.77 on Wednesday. US currency purchases by dealers, amounted to US$34.57 million, at an average rate of $123.70, compared to Wednesday, with US$42.97 million, at an average rate of $123.71.
On Thursday at midday dealers purchased US$10.69 million at an average rate of J$123.86 and sold US$7.2 million at an average of J$124.75. At mid-day on Wednesday dealers purchased US$12.57 million at an average rate of J$124.18 and sold just US$6.48 million at an average of J$124.56.
The selling rate for the Canadian dollar fell to J$99.09 from J$100.22 at the close on Wednesday. The selling rate for the British Pound rose to J$169.14 versus J$169.01 previously and the euro rose in value against the Jamaican dollar at J$149.02 to buy the European common currency, versus the prior selling rate of J$148.58.

Jamaican$ slipped vs US$

At the close of trading on Wednesday, the rate the public bought the US dollar rose just 1 cent Jamaican. The rate dealers bought the Green back also rose with an increase of 6 cents.
The local currency also fell in value against the Canadian Dollar and the British Pound but rose in value against the euro.
Inflows of all currencies ended at US$47.49 million, versus US$45.11 million on Tuesday with selling of US$43.74 million compared with US$43.96 million sold on Tuesday.
In US dollar, trading dealers sold US$40.59 million at an average of $124.76 at the close, compared US$39.47 million at an average of $124.76 on Tuesday. US currency purchases by dealers, amounted to US$42.97 million, at an average rate of $123.65, compared to Tuesday, with US$40.91 million, at an average rate of $123.65.
On Wednesday at midday dealers purchased US$12.57 million at an average rate of J$124.18 and sold just US$6.48 million at an average of J$124.56. At mid-day on Tuesday dealers purchased US$14.72 million at an average rate of J$123.94 and sold US$13.55 million at an average of J$124.75.
The selling rate for the Canadian dollar inched to J$100.22 from J$100.21 at the close on Tuesday. The selling rate for the British Pound rose to J$169.01 versus J$166.92 previously and the euro fell in value against the Jamaican dollar at J$148.58 to buy the European common currency, versus the prior selling rate of J$151.45.

Jamaican$ lost ground vs US$

At the close of trading on Tuesday, the rate the public bought the US dollar rose by 21 cents Jamaican. The rate dealers bought the Green back also rose with an increase of 57 cents.
The local currency also fell in value against the Canadian Dollar and the British Pound but rose in value against the euro.
Inflows of all currencies ended at US$45.11 million, versus US$42.49 million on Monday with selling of US$43.96 million compared with US$40.81 million sold on Monday.
In US dollar, trading dealers sold US$39.47 million at an average of $124.76 at the close, compared US$37.36 million at an average of $124.55 on Monday. US currency purchases by dealers, amounted to US$40.91 million, at an average rate of $123.65, compared to Monday, with US$37.34 million, at an average rate of $123.08.
On Tuesday at midday dealers purchased US$14.72 million at an average rate of J$123.94 and sold US$13.55 million at an average of J$124.75. At mid-day on Monday dealers purchased US$18.49 million at an average rate of J$123.86 and sold US$16.09 million at an average of J$124.60.
The selling rate for the Canadian dollar rose to J$100.21 from J$98.01 at the close on Monday. The selling rate for the British Pound rose to J$166.92 versus J$166.70 previously and the euro fell in value against the Jamaican dollar at J$151.45 to buy the European common currency, versus the prior selling rate of J$152.85.

Jamaican$ value up vs US$ again

At the close of trading, the Jamaica dollar rose 19 cents value on Monday for the average rate for the public to buy the US dollar. The local currency also fell in value against the euro but rose against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$42.49 million, versus US$35.38 million on Friday with selling of US$40.81 million compared with US$32.88 million sold on Friday.
In US dollar, trading dealers sold US$37.36 million at an average of $124.55 at the close, compared US$30.04 million at an average of $124.74 on Friday. US currency purchases by dealers, amounted to US$37.34 million, at an average rate of $123.08, compared to Friday, with US$31.20 million, at an average rate of $123.25.
On Monday at midday dealers purchased US$18.49 million at an average rate of J$123.86 and sold US$16.09 million at an average of J$124.60. At mid-day on Friday dealers purchased US$15.16 million at an average rate of J$124.09 while they sold US$10.26 million at an average of J$124.75.
The selling rate for the Canadian dollar fell to J$98.01 from J$100.06 at the close on Friday. The selling rate for the British Pound rose to J$166.70 versus J$167.37 previously and the euro gained value against the Jamaican dollar at J$152.85 to buy the European common currency, versus the prior selling rate of J$150.82.

Stable Jamaican dollar vs US$

At the close of trading, the Jamaica dollar lost moderate value on Friday with the average rate for the public to buy the US dollar, rising by less than a cent Jamaican. The local currency also fell in value against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$35.38 million, versus US$33.61 million on Thursday with selling of US$32.88 million compared with US$36.26 million sold on Thursday.
In US dollar, trading dealers sold US$30.04 million at an average of $124.74 at the close, compared US$33.91 million at an average of $124.73 on Thursday. US currency purchases by dealers, amounted to US$31.2 million, at an average rate of $123.25, compared to Thursday, with US$29.01 million, at an average rate of $123.28.
At mid-day on Friday dealers purchased US$15.16 million at an average rate of J$124.09 while they sold US$10.26 million at an average of J$124.75. On Thursday at midday dealers purchased US$11.95 million at an average rate of J$124.11 and sold US$12.29 million at an average of J$124.76.
The selling rate for the Canadian dollar climbed to J$100.06 from J$99.01 at the close on Thursday. The selling rate for the British Pound rose to J$167.37 versus J$166.64 previously and the euro gained value against the Jamaican dollar at J$150.82 to buy the European common currency, versus the prior selling rate of J$150.34.
With market forces resulting in a continuing revaluation of the local currency, Bank of Jamaica announced the continuing suspension of their weekly foreign exchange auction for the next four weeks.

More gains for Jamaican dollar

At the close of trading, the Jamaica dollar continued to revalue on Thursday with the average rate for the public to buy the US dollar, declining by 6 cents Jamaican. The local currency also rose against the Canadian Dollar and the British Pound.
Inflows of all currencies ended at US$33.61 million, versus US$37.26 million on Wednesday with selling of US$36.26 million compared with US$46.19 million sold on Wednesday.
In US dollar, trading dealers sold US$33.91 million at an average of $124.73 at the close, compared US$43.16 million at an average of $124.79 on Wednesday. US currency purchases by dealers, amounted to US$29.01 million, at an average rate of $123.28, compared to Wednesday, with US$32.39 million, at an average rate of $123.12.
On Thursday at midday dealers purchased US$11.95 million at an average rate of J$124.11 and sold US$12.29 million at an average of J$124.76.
The selling rate for the Canadian dollar slipped to J$99.01 from J$99.10 at the close on Wednesday. The selling rate for the British Pound fell to J$166.64 versus J$167.82 previously and the euro gained value against the Jamaican dollar at J$150.34 to buy the European common currency, versus the prior selling rate of J$149.85.

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