Trading in Jamaica’s foreign exchange market saw another day with more purchases of the all foreign currencies exceeding sales, with the net intake on Tuesday, being just US$2 million, well below the net in take on Monday of just a tad below US$10 million. The net US dollar currency intake was US$1.7 million.
In Tuesday’s trading, the local dollar gained against the US dollar for the buying rate while the selling rate declined, the Jamaican dollar strengthened against the Canadian and the Pound based on the selling rates.
At the end of trading, dealers bought US$26,841,312 and sold only US$24,854,416 compared to US$40,557,663 purchased and US$30,162,776 sold on Monday, of all currencies.
In US dollar trading, dealers bought US$23,201,767 compared to US$36,851,384 on Monday. The buying rate for the US dollar declined just 1 cent to close at $126.86. A total of US$21,450,365 was sold versus US$27,926,335 on Monday, with the selling rate rising 8 cents to end at $127.73. The Canadian dollar buying rate advanced by $1.51 to $96.80, with dealers buying C$2,470,145 and selling C$2,122,178 at an average rate that fell 51 cents to $97.76. The average rate for buying the British Pound rose 47 cents to $165.89 for the purchase of £1,227,623 while only £1,030,693 was sold as the rate dropped 2 cents to end at $169.25.
At the end of trading, the selling rate for the Euro, fell $1.47 to close at J$143.15 from Monday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$136.36 for a fall of $1.31 from the rate on Monday. The US dollar equivalent of other currencies traded, amounts to US$149,623 being bought, while US$414,024, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Tuesday, include a rise of $3.49 in the highest selling rate of the US dollar to end at $138 and a jump of $19.60 to $123.60 in the lowest selling rate. There was a fall of 74 cents in the highest selling rate for the Canadian Dollar to end at $101.37. Trading in the British Pound resulted in a fall of $1.60 in the highest buying rate to close at $169.10 and a rise of $1 in the lowest selling rate to $162.

Trading in Jamaica’s foreign exchange market saw another day when more purchases of the all foreign exchange currencies exceeded sales, with the net intake on Friday, being US$10 million and with the net US dollar currency intake being US$9 million. The positive net inflows did not stop the rate for selling the US dollar from rising by 11 cents.
In Friday’s trading, dealers bought US $37,477,625 and sold only US$27,548,721 compared to US$25,525,850 purchased and a mere US$18,693,739 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$34,686,488 compared to US$23,108,190 on Thursday. The buying rate for the US dollar rose 12 cents to close at $127.09. A total of US$25,787,049 was sold versus just US$17,244,935 on Thursday, with the selling rate rising 11 cents to end at $127.72. The Canadian dollar buying rate declined by 86 cents to $95.95, with dealers buying C$1,510,410 and selling C$1,022,589 at an average rate that declined by 49 cents to $97.85. The average rate for buying the British Pound dropped 39 cents to $165.60 for the purchase of £1,193,309 while only £601,003 was sold with the rate rising 15 cents to end at $169.99. At the end of trading, the selling rate for the Euro, fell $1.24 to close at J$144.88 from Thursday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$139.83 for a rise of $1.75 from the rate on Thursday. The US dollar equivalent of other currencies traded amounts to US$95,963 being bought, while US$178,310, 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 drop of $3.59 in the highest buying rate for the Canadian Dollar to end at $98.41, a rise in the lowest selling rate of $1.80 to settle at $94.80. Trading in the British Pound resulted in a rise of $1.25 in the highest buying rate to close at $171.40 and a big dive of $24.04 in the lowest selling rate to $117.46.

Trading in Jamaica’s foreign exchange market saw another day when more purchases of the all foreign exchange currencies exceeded sales, with the net intake on Thursday, being US$7 million and with the net US dollar currency being US$6 million.
In Thursday’s trading, dealers bought US$25,525,850 and sold US$18,693,739 compared to US$29,014,871 purchased and US$34,171,553 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$23,108,190 compared to US$26,580,347 on Wednesday. The buying rate for the US dollar rose 9 cents to close at $126.97. A total of US$17,244,935 was sold versus US$22,841,237 on Wednesday, with the selling rate declining 9 cents to end at $127.61. The Canadian dollar buying rate rose 21 cents to $96.81, with dealers buying C$1,456,349 and selling C$796,883 at an average rate that declined by 55 cents to $98.34. The average rate for buying the British Pound dropped $1.20 to $165.99 for the purchase of £838,096 while only £470,436 was sold with the rate falling $1.30 to end at $169.84. At the end of trading, the selling rate for the Euro, jumped $3.21 to close at J$146.12 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$138.03 for a rise of 72 cents from the rate on Wednesday. The US dollar equivalent of other currencies traded amounts to US$211,530 being bought, while US$208,586, 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 $1.55 in the highest buying rate for the Canadian Dollar to end at $102, a fall in the highest selling rate of $1.05 to settle at $103.50. Trading in the British Pound resulted in a fall of 45 cents in the highest buying rate to close at $170.15 and a big dive of $20.50 in the lowest selling rate to $141.50.

Trading in Jamaica’s foreign exchange market saw £6 million or just about US$8 million more sales than purchases of the Pound sterling on Wednesday, pushing the overall trading in the market into recording negative inflows, on a day when the inflows of US dollars currency exceeded sales by nearly US$4 million.
In Wednesday’s trading, dealers bought US$29,014,871 and sold US$34,171,553 compared to US$82,044,075 purchased and US$63,505,815 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$26,580,347 compared to US$78,399,363 on Tuesday. The buying rate for the US dollar fell 41 cents to close at $126.88. A total of US$22,841,237 was sold versus US$61,557,554 on Tuesday, with the selling rate rising 2 cents to end at $127.70. The Canadian dollar buying rate rose 78 cents to $96.60, with dealers buying C$1,073,476 and selling C$720,284 at an average rate that rose $1.24 to $98.89. The average rate for buying the British Pound rose 74 cents to $167.19 for the purchase of £1,152,715 while an usually large amount of £7,208,359 was sold with the rate that rose 79 cents to end at $171.14.
At the end of trading, the selling rate for the Euro, fell 7 cents to close at J$142.91 from Tuesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.36 for a rise of $1.72 from the rate on Tuesday. The US dollar equivalent of other currencies traded amounts to US$98,219 being bought, while US$1,112,296, 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 $1 in the highest buying rate for the Canadian Dollar to end at $100.45, a fall in the lowest selling rate of $1.20 to $93. Trading in the British Pound resulted in a 90 cents fall in the highest buying rate to $170.60 and a rise of $1.08 in the highest selling rate to $178.74 and a fall of $1.50 in the lowest selling rate to $162.

Trading in Jamaica’s foreign exchange market on Monday saw reduced flows coming in and out of the market only US$23 million entering and US$19.5 million leaving, as inflows again exceeded outflows as was the case for July and August.
In Monday’s trading, dealers bought US$23,079,436 and sold US$19,531,349 compared to US$42,537,612 purchased and US$33,911,288 sold on Friday, of all currencies.
In US dollar trading, dealers bought US$19,609,026 compared to US$39,102,100 on Friday. The buying rate for the US dollar dropped 77 cents to close at $126.26. A total of US$18,292,586 was sold versus US$31,532,699 on Friday, with the selling rate rising 6 cents to end at $127.67. The Canadian dollar buying rate rose by 27 cents to $94.64, with dealers buying C$1,398,679 and selling C$727,965 at an average rate that gained 49 cents to $98.03. The average rate for buying the British Pound dropped $1.41 to $165.21 for the purchase of £1,674,712 while £359,434 was sold with the rate that falling 75 cents to end at $168.38.
At the end of trading, the selling rate for the Euro, rose 64 cents to close at J$142.80 from Friday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$141.12 for a jump of $5.13 from the rate on Friday. The US dollar equivalent of other currencies traded amounts to US$230,776 being bought, while US$205,828, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Monday, include a rise of $1.20 in the highest buying rate for the Canadian Dollar to $98.70, a fall in the lowest selling rate of $1 to $93. Trading in the British Pound resulted in a $3.50 fall in the highest buying rate to $170.40, a rise of $2.18 in the highest selling rate to close of $177.66 and a fall in the lowest selling rate of 50 cents to $162.

The buoyancy in the foreign exchange market with inflows exceeding which characterized the market in August carried over into September with authorized dealers buying another $3 million more than they sold on Thursday, bringing the net inflows since the end of June, to US$271 million.
In Thursday’s trading, dealers bought US$32,204,317 and sold US$29,187,613 compared to US$38,398,614 purchased and US$35,708,315 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$29,599,812 compared to US$35,926,513 on Wednesday. The buying rate for the US dollar fell 1 cent to close at $126.89. A total of US$28,195,660 was sold versus US$31,057,928 on Wednesday, with the selling rate rising 8 cents to end at $127.66. The Canadian dollar buying rate rose $1.55 to $96.06, with dealers buying C$1,513,995 and selling C$629,370 at an average rate that fell $1.25 to $97.49. The average rate for buying the British Pound rose 44 cents to $164.70 for the purchase of £1,003,295 while only £295,065 was sold with the rate that climbing 47 cents to end at $167.70.
At the end of trading, the selling rate for the Euro, jumped $3.56 to close at J$144.51 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$136.28 for a fall of 98 cents from the rate on Wednesday. The US dollar equivalent of other currencies traded amounts to US$156,176 being bought, while US$123,678, 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 drop of $19.08 in the lowest selling rate for the US dollar to $103.92. The highest buying rate for the Canadian Dollar jumped $3.30 to close at $100.50, the highest selling rate climbed $3.58 to $104.70 and the lowest selling rate fell by $2.20 to $92. Trading in the British Pound resulted in a rise of $1.05 in the highest buying rate to $170.65, a rise of $1.62 in the highest selling rate to close of $175.28 and a decline in the lowest selling rate of $2 to $160.50.

Foreign exchange inflows continue to exceed sales but by a much smaller margins than for most of August with authorized dealers buying another $2.7 million more than they sold on Wednesday, bringing the net inflows since the end of June, to US$268 million. In Wednesday’s trading, dealers bought US$38,398,614 and sold US$35,708,315 compared to US$42,556,485 purchased and US$31,710,930 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$35,926,513 compared to US$38,239,418 on Tuesday. The buying rate for the US dollar gained 8 cents to close at $126.90. A total of US$31,057,928 was sold versus US$29,280,909 on Tuesday, with the selling rate rising 6 cents to end at $127.57. The Canadian dollar buying rate dropped $2.60 to $94.51, with dealers buying C$771,704 and selling C$3,689,777 at an average rate that rose 55 cents to $98.74. The average rate for buying the British Pound rose 79 cents to $164.26 for the purchase of £1,406,245 while only £1,092,489 was sold with the rate that climbing $1.42 to end at $167.23.
At the end of trading, the selling rate for the Euro, dropped by $2.72 cents to close at J$140.94 from Tuesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.26 for a rise of 17 cents from the rate on Tuesday. The US dollar equivalent of other currencies traded amounts to US$77,039 being bought, while US$362,552, 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 jump of $19.17 in the lowest selling rate for the US dollar to $123. The highest buying rate for the Canadian Dollar dropped $1.45 to close at $97.20, the highest selling rate fell $1.76 to $101.12 and the lowest selling rate rose $2.20 to $94.20. Trading in the British Pound resulted in a rise of $2.60 in the highest buying rate to $169.60 and a fall of $3.35 in the highest selling rate to close of $173.66.