Jamaican$ nears 125 to US$1 – Friday

Chart shows Jamaican$ could go back to 120 to US$1 in 2018.

The rate for exchanging the Jamaican dollar against the US dollar, declined by 22 cents in foreign currency trading on Friday, with trading volumes falling to lowest for the week of just over US$32 million.
On Friday, the public bought the US dollar at $125.49 as dealers sold US$33.37 million in US currency, compared US$45.59 million at an average rate of $125.71 on Thursday. US currency purchases by dealers, amounted to US$32.42 million on Friday, at an average rate of $124.22, compared to Thursday, with US$43.08 million at $124.63.
On Friday at midday dealers purchased US$10.65 million at an average rate of J$124.97 and sold US$7.6 million at an average of J$125.27. At mid-day on Thursday dealers purchased US$14.8 million at an average rate of J$125.06 while they sold US$8.4 million at an average of J$125.69.
Dealers’ purchased US$35.66 million, versus US$52.22 million on Thursday in all currencies in Jamaica’s Forex market and sold US$35.51 million compared with US$53.84 million sold, previously.
The selling rate for the Canadian dollar slipped to J$97.02 from J$98.04 at the close on Thursday. The selling rate for the British Pound dropped to J$167.01 versus J$169.65 previously and the euro lost value against the Jamaican dollar at J$148.34 to buy the European common currency, versus the prior selling rate of J$149.71.

Jamaican$ regains ground – Thursday

The Jamaican dollar recovered the loss suffered on Tuesday and Wednesday against the US dollar, with the local currency gaining 6 cents in foreign currency trading on Thursday, with trading falling back to more normal levels from the heightened levels on Wednesday.
On Thursday, the public bought the US dollar at $125.71 as dealers sold US$45.59 million in US currency, compared US$65.75 million at an average rate of $125.77 on Wednesday. US currency purchases by dealers, amounted to US$43.08 million on Thursday, at an average rate of $124.63, compared to Wednesday, with US$59.18 million at $124.85.
On Thursday at midday dealers purchased US$14.8 million at an average rate of J$125.06 and sold US$8.4 million at an average of J$125.69. At mid-day on Wednesday dealers purchased US$12.01 million at an average rate of J$125.11 while they sold US$9.08 million at an average of J$125.85.
Dealers’ purchased US$52.22 million, versus US$65.32 million on Wednesday in all currencies in Jamaica’s Forex market and sold US$53.84 million compared with US$69.63 million sold, previously.
The selling rate for the Canadian dollar rose to J$98.04 from J$97.86 at the close on Wednesday. The selling rate for the British Pound jumped to J$169.65 versus J$166.67 previously and the euro rose in value against the Jamaican dollar at J$149.71 to buy the European common currency, versus the prior selling rate of J$147.89.

Jamaican$ falls in heavy trading- Wednesday

The Jamaican dollar slipped in value against the US dollar, with the local currency losing 4 cents foreign currency trading on Wednesday, with heavy trading in excess of US$65 million.
On Wednesday, the rate the public bought the US dollar at, rose to $125.77 as dealers sold US$65.75 million in US currency, compared US$44.14 million at an average rate of $125.73 on Tuesday. US currency purchases by dealers, amounted to US$59.18 million on Wednesday, at an average rate of $124.85, compared to Tuesday, with US$48.74 million at $124.77.
On Wednesday at midday dealers purchased US$12.01 million at an average rate of J$125.11 and sold US$9.08 million at an average of J$125.85.
At mid-day on Tuesday dealers purchased US$12.31 million at an average rate of J$125.14 while they sold US$3.83 million at an average of J$125.71.
Dealers’ purchased US$65.32 million, versus US$61.43 million on Tuesday in all currencies in Jamaica’s Forex market and sold US$69.63 million compared with US$54.44 million sold, previously.
The selling rate for the Canadian dollar rose to J$97.86 from J$97.82 at the close on Tuesday. The selling rate for the British Pound slipped to J$166.67 versus J$166.83 previously and the euro rose in value against the Jamaican dollar at J$147.89 to buy the European common currency, versus the prior selling rate of J$146.99.

Jamaican$ value eased – Tuesday

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The Jamaican dollar slipped in value against the US dollar, with the local currency losing 3 cents foreign currency trading on Tuesday, with inflows rising over Monday’s intake and ending higher than outflows.
On Tuesday, the rate the public bought the US dollar at, rose to $125.73 as dealers sold US$44.14 million in US currency, compared US$45.34 million at an average rate of $125.70 on Monday. US currency purchases by dealers amounted to US$48.74 million on Tuesday, at an average rate of $124.77, compared to Monday, with US$46.94 million at $124.68.
On Tuesday at midday dealers purchased US$12.31 million at an average rate of J$125.14 and sold only US$3.83 million at an average of J$125.71.
At mid-day on Monday dealers purchased US$22.58 million at an average rate of J$125.14 while they sold US$22.48 million at an average of J$125.71.
Dealers’ purchased US$61.43 million, versus US$59.08 million on Monday in all currencies in Jamaica’s Forex market and sold US$54.44 million compared with US$55.58 million sold, previously.
The selling rate for the Canadian dollar slipped to J$97.82 from J$97.93 at the close on Monday. The selling rate for the British Pound dropped to J$166.83 versus J$168.13 previously and the euro fall in value against the Jamaican dollar at J$146.99 to buy the European common currency, versus the prior selling rate of J$149.74.

More gains for Jamaican$ – Monday

The Jamaican dollar continued to gain in value against the US dollar, at the start of the week with the local currency gained in foreign currency trading on Monday, with inflows rising over Friday’s intake and ending higher than outflows.
On Monday, the rate the public bought the US dollar at, fell to $125.70 as dealers sold US$45.34 million in US currency, compared US$50.39 million at an average rate of $125.82 on Friday. US currency purchases by dealers amounted to US$46.94 million on Monday, at an average rate of $124.68, compared to Friday, with US$40.20 million at $124.83.
On Monday at midday dealers purchased US$22.58 million at an average rate of J$125.14 and sold US$22.48 million at an average of J$125.71. At mid-day on Friday dealers purchased US$13.5 million at an average rate of J$125.27 while they sold US$16.47 million at an average of J$125.83.
Dealers’ purchased US$59.08 million, versus US$51.76 million on Friday in all currencies in Jamaica’s Forex market and sold US$55.58 million compared with US$63.86 million sold, previously.
The selling rate for the Canadian dollar rose to J$97.93 from J$98.31 at the close on Friday. The selling rate for the British Pound slipped to J$168.13 versus J$168.91 previously and the euro rose in value against the Jamaican dollar at J$149.74 to buy the European common currency, versus the prior selling rate of J$146.96.

Stability for Jamaican$ on Friday

In a week when the Jamaican dollar continues to gain in value against the US dollar, the local currency slipped modestly in foreign currency trading on Friday, with inflows rising over Thursday’s intake and ending higher than outflows.
The local currency fell against the euro and British Pound but fell gained against the Euro.
On Friday, the rate the public bought the US dollar at, rose to $125.82 as dealers sold US$50.39 million in US currency, compared US$38.83 million at an average rate of $125.81 on Thursday. US currency purchases by dealers amounted to US$40.20 million on Friday, at an average rate of $124.83, compared to Thursday, with US$44.92 million at $125.
On Friday at midday dealers purchased US$13.5 million at an average rate of J$125.27 and sold US$16.47 million at an average of J$125.83.
At mid-day on Thursday dealers purchased US$10.71 million at an average rate of J$125.15 while they sold US$12.19 million at an average of J$125.79.
Dealers’ purchased US$51.76 million, versus US$50.94 million on Thursday in all currencies in Jamaica’s Forex market and sold US$63.86 million compared with US$43.20 million sold, previously.
The selling rate for the Canadian dollar rose to J$98.31 from J$98.05 at the close on Thursday. The selling rate for the British Pound rose to J$168.91 versus J$168.51 previously and the euro lost value against the Jamaican dollar at J$146.96 to buy the European common currency, versus the prior selling rate of J$150.17.

More gains in value for Jamaican$

The Jamaican dollar made further gains against the US dollar trading in trading in the Jamaica’s foreign currency market on Thursday with inflows rising over Wednesday’s intake and ending higher than outflows.
The local currency made gains against the Canadian dollar but fell against the British Pound and the Euro.
On Thursday, the rate the public bought the US dollar at, slipped to $125.81 as dealers sold US$38.83 million in US currency, compared US$43.18 million at an average rate of $125.91 on Wednesday. US currency purchases by dealers amounted to US$44.92 million on Thursday, at an average rate of $125, compared to Wednesday, with US$38.53 million at $124.73.
On Thursday at midday dealers purchased US$10.71 million at an average rate of J$125.15 and sold US$12.19 million at an average of J$125.79.
At mid-day on Wednesday dealers purchased US$15.85 million at an average rate of J$125.30 while they sold US$11.25 while they sold US$11.25 million at an average of J$125.91.
Dealers’ purchased US$50.94 million, versus US$44.15 million on Wednesday in all currencies in Jamaica’s Forex market and sold just US$43.20 million compared with US$47.42 million sold, previously.
The selling rate for the Canadian dollar fell to J$98.05 from J$98.72 at the close on Wednesday. The selling rate for the British Pound rose to J$168.51 versus J$168.42 previously and the euro gained value against the Jamaican dollar at J$150.17 to buy the European common currency, versus prior selling rate of J$149.65.

Jamaican$ gains against all 4 currencies

US dollar trading in Jamaica’s foreign currency market declined on Wednesday with inflows falling below outflows with the rate to buy the US dollar by the public, slipping modestly the local dollar also gained against the other three major currencies.
On Wednesday, the Jamaican dollar rate the public bought the US dollar at, slipped to $125.91 as dealers sold US$43.18 million in US currency, down from US$61.50 million at an average rate of $125.94 on Tuesday. US currency purchases by dealers amounted to US$38.53 million on Wednesday, at an average rate of $124.73, compared to Tuesday, with US$66.68 million at $125.09.
On Wednesday at midday dealers purchased US$15.85 million at an average rate of J$125.30 while they sold US$11.25 million at an average of J$125.91.
At mid-day on Tuesday dealers purchased US$28.15 million at an average rate of J$125.39 while they sold US$13.70 million at an average of J$125.76.
Dealers’ purchased US$44.15 million, versus US$70.48 million on Tuesday in all currencies in Jamaica’s Forex market and sold just US$47.42 million compared with US$63.75 million sold, previously.
The selling rate for the Canadian dollar fell to J$98.72 from J$99.02 at the close on Tuesday. The selling rate for the British Pound slipped to J$168.42 versus J$168.81 previously and the euro fell in value against the Jamaican dollar at J$149.65 to buy the European common currency, versus prior selling rate of J$149.90.

US dollar trading jumps

US dollar trading in Jamaica’s foreign currency market climbed on Tuesday with inflows exceeding outflows with the rate to buy the US dollar by the public, rising by 18 Jamaican cents, the first time in a week.
On Tuesday, the rate of exchange to buy the US dollar by the public, rose to $125.94 as dealers sold US$61.50 million in US currency, up strongly from US$48.69 million at an average rate of $125.76 on Monday. US currency purchases amounted to US$66.68 million on Monday, at an average rate of $125.09, compared to Monday, with US$56.75 million at $124.94.
On Tuesday at midday dealers purchased US$28.15 million at an average rate of J$125.39 while they sold US$13.70 million at an average of J$125.76.
At mid-day on Monday dealers purchased US$19.60 million at an average rate of J$125.20 while they sold US$15.74 million at an average of J$125.73.
Dealers’ purchased US$70.48 million, versus US$61.32 million on Monday in all currencies in Jamaica’s Forex market and sold just US$63.75 million compared with US$50.73 million sold, previously.
The selling rate for the Canadian dollar jumped to J$99.02 from J$96.77 at the close on Monday. The selling rate for the British Pound climbed to J$168.81 versus J$168.62 previously and the euro held value against the Jamaican dollar at J$149.90.

It cost J$125.76 for one US dollar

The rate for to buy the US dollar by the public in Jamaica’s foreign currency market, dropped by 22 Jamaican cents on Monday, as inflows into the market exceeding outflows by US$8 million.
On Monday at midday dealers purchased US$19.60 million at an average rate of J$125.20 while they only sold US$15.74 million at an average of J$125.73.
At mid-day on Friday dealers purchased US$7.7 million at an average rate of J$125.24 while they sold US$6.96 million at an average of J$125.98.
On Monday, the rate of exchange to buy the US dollar by the public, declined for the fifth consecutive day to end at  $125.76, as dealers sold US$48.69 million in US dollars, compared to US$30.35 million at an average rate of $125.98 on Friday. US currency purchases amounted to US$56.75 million on Monday, at an average rate of $124.94, compared to Friday, with US$30.77 million at $124.73.
Dealers’ purchased US$61.32 million, versus US$34.27 million on Friday in all currencies in Jamaica’s Forex market and sold just US$50.73 million compared with US$32.6 million sold, previously.
The selling rate for the Canadian dollar dropped to J$96.77 from J$98.60 at the close on Friday. The selling rate for the British Pound slipped to J$168.62 versus J$169.10 previously and the euro gained value against the Jamaican dollar, moving to J$149.90 to buy the European common currency, versus prior selling rate of J$150.96.

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