Inflows of foreign currencies into the system on Tuesday was US$4 million less than the amount sold with the local dollar selling rate holding against the US dollar for the second consecutive day, but losing value versus the Pound and the Canadian currency. At the close of trading, the equivalent of US$34,316,414 was bought by dealers, compared with US$38,102,831 on Monday, while they sold the equivalent of US$40,548,479 versus US$44,185,509 previously.
In US dollar trading , dealers bought US$30,620,316 compared to US$34,450,483 on Monday. The buying rate for the US dollar fell 1 cent to $119.19 and US$37,997,953 was sold versus US$42,351,622 on Monday, the selling rate remained at $119.82. The Canadian dollar buying rate gained 55 cents to end at $87.39 with dealers buying C$1,490,611 and selling C$1,525,581, at an average rate that rose 46 cents to $89.58. The rate for buying the British Pound rose 67 cents to $179.61 for the purchase of £1,614,534, while £779,129 was sold, with the rate climbing 24 cents to $181.38. At the end of trading, it took J$128.41 to purchase the Euro, a decline of 18 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.83 for a fall of 25 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$170,032 being bought, while US$230,620 was sold.
Highs & Lows| On Tuesday, the highest buying rate for the US dollar jumped $4.44 to $124.54, the lowest buying rate dropped $4.09 to $98.57, the highest selling rate rose 5 cents to $126.31 and the lowest selling rate ended $17.63 lower at $98.57. The highest buying rate for the Canadian dollar rose $1.30 to $91.10, the lowest buying rate closed down by $3.71 to $71.55, the highest selling rate slipped 32 cents to $92.23 and the lowest selling rate lost 10 cents to end at $85.90. The highest buying rate for the British Pound, eased 20 cents to end at $182.50. The lowest buying rate dropped $7 to $145.25, the highest selling rate fell 21 cents to $187.25 and the lowest selling rate lost 20 cents to end at 175.

Inflows of foreign currencies into the system on Wednesday fell to US$8 million less than the amount sold with the local dollar selling rate losing value against all three main counterpart currencies. At the close of trading, the equivalent of US$23,243,562 was bought by dealers, compared with US$40,302,311 on Tuesday, while they sold the equivalent of US$31,032,571 versus US$44,817,449 previously.
In US dollar trading , dealers bought US$20,431,186 compared to US$36,133,874 on Tuesday. The buying rate for the US dollar fell 26 cents to $119.04 and US$29,085,477 was sold versus US$43,506,926 on Tuesday, the selling rate rose 2 cents to $119.82. The Canadian dollar buying rate fell 30 cents to $87.32 with dealers buying C$910,612 and selling C$644,536, at an average rate that rose $1.08 to $89.80. The rate for buying the British Pound gained $1.73 to $179.45 for the purchase of £1,267,917, while £803,437 was sold, at an average rate that grew $3.43 to $182.23. At the end of trading, it took J$128.11 to purchase the Euro, a fall of 62 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.66 for a decline of 45 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$232,995 being bought, while US$242,148 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar fell 10 cents to $120 and the lowest buying and the highest selling rates remained unchanged at $98.45 and $126.26 and lowest selling rate jumped $16.70 to end at $117. The highest buying rate for the Canadian dollar rose $1.88 to $92.38, the lowest buying rate closed 41 cents higher at $72.21, the highest selling rate gained 21 cents to end at $93.09 and the lowest selling rate declined $3 to $80.50. The highest buying rate for the British Pound, rose $1 to end at $181.50. The lowest buying rate rose 42 cents to $144.84, the highest selling rate eased $1.04 to $185.46 and the lowest selling rate fell 30 cents to $174.

Inflows of foreign currencies into the system on Tuesday was US4.5 million less than the amount sold but the local dollar selling rate was stable against the US dollar, rose against the Pound and fell versus the Canadian dollar. At the close of trading, the equivalent of US$40,302,311 was bought by dealers, compared with US$40,933,885 on Monday, while they sold the equivalent of US$44,817,449 versus US$46,854,604 previously.
In US dollar trading , dealers bought US$36,133,874 compared to US$37,907,963 on Monday. The buying rate for the US dollar rose 15 cents to $119.30 and US$43,506,926 was sold versus US$44,708,029 on Monday, the selling rate remained unchanged at $119.80. The Canadian dollar buying rate gained 74 cents to $87.62 with dealers buying C$2,044,925 and selling C$717,810, at an average rate that rose 19 cents to $88.73. The rate for buying the British Pound lost $1.20 to $177.72 for the purchase of £1,444,460, while £283,700 was sold, at an average rate that dropped $4.31 to $178.80. At the end of trading, it took J$128.72 to purchase the Euro, a fall of 2 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.11 for a decline of 17 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$514,735 being bought, while US$355,466 was sold. Highs & Lows| On Tuesday, the highest buying rate for the US dollar gained 10 cents to $120.10 and the lowest buying rate remained unchanged at $98.45. The highest selling rate rose 11 cents to close at $126.26 and lowest selling rate rose $1.86 to end at $100.30. The highest buying rate for the Canadian dollar dropped $2.59 to $90.50, the lowest buying rate closed unchanged at $71.80, the highest selling rate fell 21 cents to end at $92.88 and the lowest selling rate declined $2.30 to $83.50. The highest buying rate for the British Pound, declined $2.55 to end at $180.50. The lowest buying rate ended unchanged at $144.42, the highest selling rate eased 25 cents to $186.50 and the lowest selling rate rose 30 cents to $174.30.

In foreign exchange trading on Monday, the Jamaican dollar gained against all the three major currencies it trades against. Inflows of foreign currencies into the system, increased slightly over Friday’s intake. At the close of trading, the equivalent of US$50,529,982 was bought by dealers, compared with US$44,956,234 on Friday, while they sold the equivalent of US$$49,583,967 versus US$47,742,798 previously.
In US dollar trading , dealers bought US$46,701,326 compared to US$40,384,483 on Friday. The buying rate for the US dollar fell 5 cents to $119.27 and US$47,603,305 was sold versus US$45,772,236 on Friday, the selling rate slipped 2 cents to end at $119.81. The Canadian dollar buying rate dropped $1.11 to $88.04, with dealers buying C$1,813,495 and selling C$842,800, at an average rate that declined 92 cents to $89.66. The rate for buying the British Pound slipped 72 cents to $181.19 for the purchase of £1,482,109, while £625,353 was sold, at an average rate that fell 27 cents to $182.31. At the end of trading, it took J$132.38 to purchase the Euro, a rise of $1.13 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.83 for a gain of $1.16 from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$238,337 being bought, while US$398,353 was sold.
Highs & Lows| On Monday, the highest buying rate for the US dollar, rose 10 cents to $120.10, the lowest buying rate fell 75 cents to $97.61, the highest selling rate rose 70 cents to end at $124.98 and lowest selling rate dropped 9 cents to end at $98.28. The highest buying rate for the Canadian dollar declined 90 cents to $91.10, the lowest buying rate rose 38 cents to end at $72.38, the highest selling rate jumped $5.56 to end at $98.76 and the lowest selling rate was unchanged at$86.50. The highest buying rate for the British Pound, climbed 40 cents to end at $185. The lowest buying rate fell $1.11 to $145.55, the highest selling rate climbed $1.42 to $189.14 and the lowest selling rate remained unchanged at $177.