Inflows into the Jamaican foreign exchange market jumped to the highest level in July to US$61.79 million on Monday with outflows of $41.8 million and helped in bringing the month’s surplus of all currencies traded to US$140 million.
On Friday, inflows were $47.4 million and outflows of $43 million, In USA dollar trading, inflows into the system ended at US$56.4 million on Monday versus US$38 million on Friday, with outflows of US$36.6 million compared to US$34.2 million on Friday.
The value of the Jamaican dollar gained value against the US dollar with the selling rate for the US dollar ending at J$128.22 from J$128.44 previously. Dealers bought the US currency at an average of J$127.46 down from JS$127.41 on Friday.
The selling rate for the Canadian dollar fell back to J$103.12 from J$104.38 at the close on Friday, while the British Pound was less costly at the close, with J$165.90 buying the British currency versus J$166.67 and the euro, lost value against the Jamaican dollar, with it taking J$148.21 to buy the European common currency on, versus J$150.36 previously.
Bank of Jamaica will make US$10 million dollars available to authorized dealers and eligible cambios by competitive bidding process each Wednesday, from Wednesday July 26 through Wednesday August 16, a total of US$40 million for the first four‐week period. The Bank will publish a report from each B‐BXITT operation on the same day, including the weighted average exchange rate arising from the operation.

Inflows into the Jamaican foreign exchange market at US$47.4 million on Friday was the highest for the week and so were outflows of $43.2 million but they helped in bringing the month’s surplus of all currencies traded to US$120 million, so far.
For the week to Friday, trading levels were almost the same as for the first week in July but quite different from the previous week with total inflows of US$213 million, US$7 million less than the week before and outflows of US$182 million, US$17 million higher with net inflows of all currencies ending with US$30.6 million surplus. In USA dollar trading, inflows into the system ended at US$38 million on Friday versus US$33 million on Thursday, while inflows for the week was US$177 down from US$195 million, with outflows at US$4 million more than the previous week, to end at US$150 million.
The value of the Jamaican dollar fell modestly against the US dollar on Friday with the selling rate for the US dollar ending at J$128.44 from J$128.33 previously. Dealers bought the US currency at an average of J$127.41 down from JS$127.21 on Thursday.
The selling rate for the Canadian dollar rose to J$104.38 from J$103.14 at the close on Thursday, while the British Pound was less costly at the close, with J$166.67 buying the British currency versus J$167.83 and the euro, rose against the Jamaican dollar, with it taking J$150.36 to buy the European common currency on, versus J$149.06 previously.

The value of the Jamaican dollar climbed against the US dollar at the start of the week, versus the close on Friday, with the selling rate for the US dollar falling to J$128.22 from J$128.39 previously.

Dealers bought the US currency at an average of J$127.28, up from JS$127.27 on Friday.
Inflows into the Jamaican foreign exchange market declined on Monday compared to the same day last week, but selling by dealers dropped compared last week, more than compensating for the week over week fall in inflows.
Dealers purchased US$46 million compared to US$37 million bought on Friday and sold US$30.4 million, of all currencies compared to US$26 million sold on Friday. In USA dollar trading, inflows into the system ended at US$39 million versus US$33 million on Friday, while selling amounted to US$25.8 million versus US$22 million previously.
The selling rate for the Canadian dollar rose to J$101.55 from J$101.44 at the close on Friday, while the British Pound was less costly at the close on Friday, with J$165.89 buying the British currency versus J$166.41 on Friday and the euro, rose in value against the Jamaican dollar, with it taking J$148.91 to buy the European common currency on Friday, versus Friday’s J$145.65.

Inflows into the Jamaican foreign exchange market rose during the past week, compared to the first week in July and selling by dealers dropped. Dealers purchased US$220 million of all currencies, US$6 million more than in the previous week and sold US$165 million, down $15 million for the same period.
The Jamaican dollar rose in value against the US dollar at the end of the week versus the close of the previous week, with the selling rate declining moderately to J$128.39 from J$128.43, the rate fell to a low of J$128.30 for the week on Wednesday.
Dealers bought the US currency at an average of J$127.27 on Friday, down from JS$127.55 on Thursday and $127.41 at the close of the previous week.
Dealers purchased US$37 million similar to the amount bought on Thursday and sold US$26 million, of all currencies on Friday compared to US$29 million sold. In USA dollar trading, inflows into the system ended at US$33 million versus US$35 million on Thursday, while selling amounted to just US$22 million versus US$28 million previously. For the week, net inflows of US$50 million USA dollar entered the system up from US$30 million in the first week of the month.
Inflows for July are running ahead of those for June, while outflows are less resulting a higher net inflows for the two weeks to July 14.
The selling rate for the Canadian dollar rose to J$101.44 from J$101.12 at the close on Thursday, while the British Pound was less costly at the close on Friday, with J$166.41 buying the British currency versus J$166.91 on Thursday and the euro, fell in value against the Jamaican dollar, with it taking J$145.65 to buy the European common currency on Friday, versus Thursday’s J$147.14.

The Jamaican dollar gave back 9 cents of its value as measured by the average selling rate for the United States dollar on Thursday as net inflows into the Jamaican foreign exchange market declined on Thursday from the net position on Wednesday.
At the close, the United States currency was being sold at an average of J$128.38, co0mpared to J$128.30 on Wednesday. Dealers bought the US currency at an average of J$127.55, up slightly from JS$127.53 previously. Dealers bought the equivalent of US$8 million more funds than they sold, up from US$15 million on the prior trading day, bringing the surplus for the week to US$44.5 million.
Dealers purchased US$37 million and sold US$29 million, of all currencies on Thursday. On Wednesday, US$47.87 million entered the market and US$32.54 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$35 million versus US$41.3 million previously, while selling amounted to US$28 million versus US$27.9 million on Wednesday.
The selling rate for the Canadian dollar rose to J$101.12 from J$100.04 at the close on Wednesday, while the British Pound was more costly at the close on Thursday, with J$166.91 buying the British currency versus J$164.23 on Wednesday and the Jamaican dollar fell in value against the euro, with it taking J$147.14 to buy the European common currency on Thursday, versus Wednesday’s rate of J$146.28.