In the Jamaican foreign exchange market, dealers bought the equivalent of only US$21,534,854 and sold a relatively small amount of US$25,878,122, compared with US$34,094,250 purchased and US$35,478,418 sold on Thursday.
In US dollars trading, dealers bought US$18,827,307 compared to US$31,441,995 on Thursday with the buying rate for the US dollar falling 28 cents to $119.66. A total of US$24,377,840 was sold versus US$33,323,464 on Thursday as the selling rate climbed 12 cents to $120.63. The Canadian dollar buying rate dropped 8 cents to end at $82.39 with dealers buying C$1,332,949 and selling C$692,965, at an average rate that rose 68 cents to $84.71. The rate for buying the British Pound rose 13 cents to $171.72 for the purchase of £1,019,002, while £436,967 was sold, with the rate gaining $1.70 to $174.81. At the end of trading, it took J$130.55 to purchase the Euro, for an increase of $1.09 on Thursday’s rate, according to data from
strong>Bank of Jamaica, while dealers purchased the European common currency at J$127.98 for a rise of $1.16 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,438 being bought, while US$380,382 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the highest selling rate for Canadian dollar by $1.19 to $90 and a fall of $3.81 in the highest selling rate for the British Pound, that closed at $180.19.
Jamaican$ drops on Friday
Jam$ gains against all on Thursday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$34,094,250 and sold US$35,478,418, compared with US$41,941,236 purchased and US$39,746,285 sold on Wednesday.
In US dollars trading, dealers bought US$31,441,995 compared to US$36,834,944 on Wednesday with the buying rate for the US dollar rising 17 cents to $119.94. A total of US$33,323,464 was sold versus US$37,031,528 on Wednesday as the selling rate climbed 8 cents to $120.51. The Canadian dollar buying rate dropped 88 cents to end at $82.47 with dealers buying C$1,416,413 and selling C$1,254,073, at an average rate that declined 90 cents to $84.03. The rate for buying the British Pound lost $1.91 to $171.59 for the purchase of £1,008,931, while £654,763 was sold, with the rate gaining 28 cents to $173.12. At the end of trading, it took J$129.46 to purchase the Euro, for an increase of 32 cents on Wednesday’s rate,
according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.82 for a rise of 27 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$234,961 being bought, while US$339,986 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a fall in the highest selling rate for Canadian dollar by $1.19 to $88.81 and a fall of $1.24 in the highest buying rate for the British Pound, that closed at $176, a rise of $1.84 in the highest selling rate that ended at $184 and a fall in the lowest selling rate of $1.70 to close $16.30.
Jam$ gains against all on Wednesday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$41,941,236 and sold US$39,746,285, compared with US$35,703,146 purchased and US$43,237,725sold on Tuesday.
In US dollars trading, dealers bought US$36,834,944 compared to US$32,330,168 on Tuesday with the buying rate for the US dollar falling 7 cents to $119.77. A total of US$37,031,528 was sold versus US$41,672,381 on Tuesday as the selling rate slipped 3 cents to $120.43. The Canadian dollar buying rate dropped 42 cents to end at $83.35 with dealers buying C$2,592,782 and selling C$1,914,548, at an average rate that declined 17 cents to $84.93. The rate for buying the British Pound lost 31 cents to $173.50 for the purchase of £1,961,635, while £522,647 was sold, with the rate declining $3.38 to $172.84. At the end of trading, it took J$129.15 to purchase the Euro,
for a decline of 91 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.55 for a fall of 67 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$460,202 being bought, while US$614,449 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the lowest selling rate for Canadian dollar by $1.46 to $81.46 and the highest selling rate for the British Pound, that fell $1.24 to close $182.16.
Jam$ slips against most on Tuesday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$35,703,146 and sold US$43,237,725, compared with US$44,360,218 purchased and US$40,052,989 sold on Monday.
In US dollars trading, dealers bought US$32,330,168 compared to US$39,298,993 on Monday with the buying rate for the US dollar rising 30 cents to $119.84. A total of US$41,672,381 was sold versus US$38,905,100 on Monday as the selling rate gained 9 cents to $120.46. The Canadian dollar buying rate climbed $1.06 to end at $83.77 with dealers buying C$1,870,425 and selling C$950,031, at an average rate that declined 17 cents to $85.10. The rate for buying the British Pound gained 69 cents to $173.81 for the purchase of £1,273,982, while £452,287 was sold, with the rate rising by 59 cents to $176.22. At the end of trading, it took J$130.05 to purchase the Euro, for a decline of 75 cents from Monday’s rate, according to data from Bank of Jamaica,
while dealers purchased the European common currency at J$127.22 for a fall of 80 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$217,825 being bought, while US$232,513 was sold.
Highs & Lows| The only major change to the highest and lowest buying and selling rates were recoveries in the lowest selling rate for US dollar by $79 to $117 and the lowest selling rate for the British Pound, that regained $94 to close $170.
Jam$ starts 2016 with gains
The Jamaican foreign exchange market trading activity on the last percent in 2015, fell below Thursday’s levels with dealers selling more funds than they purchased. The value of the local currency slipped against its major counterpart currencies.
In trading dealers bought the equivalent of US$44,360,218 and sold US$40,052,989, compared with US$32,723,774 purchased and US$42,295,648 sold on Thursday. Sale of US dollars , was almost equal to the amount purchased with dealers buying US$39,298,993 compared to US$29,243,474 on Thursday. The buying rate for the US dollar slipped 10 cents to $119.54.
A total of US$38,905,100 was sold versus US$40,545,786 on Thursday as the selling rate declined by 5 cents to $120.37. The Canadian dollar buying rate declined 57 cents to end at $82.71 with dealers buying C$2,074,068 and selling C$741,397, at an average rate that gained 36 cents to $85.27. The rate for buying the British Pound dropped $2.61 to $173.12 for the purchase of £1,343,622, while £328,665 was sold, with the rate rising $1.49 to $175.63. At the end of trading, it took J$130.81 to purchase the Euro, for a decline of 53 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.02, for a fall of 56 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$1,680,259 being bought, while US$143,150 was sold.
Highs & Lows| The highest buying rate for US dollar, the lowest buying and the highest selling rates were unchanged at $120.70, $98.61 and $126.37 respectively but for some inexplicable reason the lowest selling rate plummeted by $78 to only $38. The Canadian dollar highest buying rate declined by 30 cents to $86.50, the lowest buying rate ended unchanged at $68.48. The highest selling rate declined by 7 cents to $88.78 and the lowest selling rate slipped 50 cents to end at $81. The highest buying rate for the British Pound, declined $1.36 to $177.80, the lowest buying and the highest selling rates remained unchanged at $142.84 and $184.15 respectively while the lowest selling rate nosedived by $94.65 to $76.
Jam$ dips to close out year down
The Jamaican foreign exchange market trading activity on the last Thursday in 2015, fell below Wednesday’s levels with dealers selling more funds than they purchased. The value of the local currency slipped against its major counterpart currencies.
In trading dealers bought the equivalent of US$32,723,774 and sold US$42,295,648, compared with US$35,663,399 purchased and US$42,378,801 sold on Wednesday.
Sale of US dollars , exceeded the amount dealers bought by US$11 million as dealers bought US$29,243,474 compared to US$31,547,200 on Wednesday. The buying rate for the US dollar rose 3 cents to $119.64.
A total of US$40,545,786 was sold versus US$40,319,564 on Wednesday as the selling rate rose 8 cents to $120.42. The Canadian dollar buying rate declined 27 cents to end at $83.28 with dealers buying C$1,528,540 and selling C$863,232, at an average rate that gained 15 cents to $84.91. The rate for buying the British Pound dropped 40 cents to $175.74 for the purchase of £1,513,957, while £686,125 was sold, with the rate rising $2.04 to $177.12. At the end of trading, it took J$131.34 to purchase the Euro, for a gain of 11 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.58, rising 6 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$192,608 being bought, while US$131,968 was sold.
Highs & Lows| The highest buying rate for US dollar rose 5 cents to $120.70,
the lowest buying, the highest and lowest selling rates were unchanged at $98.61, $126.37 and $116 respectively. The Canadian dollar highest buying rate gained 30 cents to $86.80, the lowest buying rate rose 17 cents to $68.48. The highest selling rate declined by 65 cents to $88.85 and the lowest selling rate ended unchanged at $81.50. The highest buying rate for the British Pound, rose 16 cents to $179.16, the lowest buying rate remained unchanged at $142.84, the highest selling rate climbed $2.10 to $184.15 while the lowest selling rate rose 65 cents to $170.65.
Jamaican $ revalues on Tuesday
The Jamaican foreign exchange market trading activity on the final Tuesday in 2015, rose above Monday’s levels with dealers buying almost the same amounts as they sold. The value of the local currency recovered slightly against the three majors as inflows into the market rose to more normal levels for this time of the year.
Dealers bought the equivalent of US$45,261,760 and sold US$44,691,797, compared with US$31,609,960 and US$32,521,826 respectively on Monday.
Sale of US dollars , exceeded the amount dealers bought by US$2 million. Dealers bought US$40,016,157 compared to US$28,536,776 on Monday. The buying rate for the US dollar rose 19 cents to $119.64. A total of US$41,999,216 was sold versus US$31,277,510 on Monday as the selling rate fell 10 cents to $120.32.
The Canadian dollar buying rate rose $1.01 to end at $83.76 with dealers buying C$2,901,378 and selling C$1,872,608, at an average rate that fell $1.12 cents to $85.89. The rate for buying the British Pound dropped by $1.38 to $175.10 for the purchase of £1,899,154, while £857,233 was sold, with the rate falling 10 cents to $177.14. At the end of trading, it took J$132.12 to purchase the Euro, for a rise of 23 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.09, rising by 12 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$434,750 being bought, while US$93,951 was sold.
Highs & Lows| The lowest buying rate for US dollar fell 9 cents to $98.61 while the highest buying,
the highest and lowest selling rates were unchanged at $$120.70, 126.47 and $116, respectively. The highest buying rate for the Canadian dollar rose 75 cents to $87.20, the lowest buying rate fell 30 cents to $68.31. The highest selling rate remained at $90 and the lowest selling rate lost 50 cents to end at $80. The highest buying rate for the British Pound, dropped $3.80 to end at $179. The lowest buying rate was unchanged at $142.84 and the highest selling rate rose 85 cents to $185 while the lowest selling rate fell 15 cents to $170.55.
J$ moves to $120.42 to US dollar
The Jamaican foreign exchange market trading activity on the final Monday in 2015, fell well below Thursday’s levels with dealers buying almost $11 million less than they sold, as the value of the local currency slipping further against the US dollar. The inflows of funds into the market were unusually low for this time of the year, the closure of some businesses for the holiday may account for it.
Dealers bought the equivalent of US$31,609,960 and sold US$32,521,826, compared with US$34,740,726 and US$44,288,308 respectively on Thursday.
Sale of US dollars , exceeded the amount dealers bought by US$2.7 million. Dealers bought US$28,536,776 compared to US$32,213,491 on Thursday. The buying rate for the US dollar fell 25 cents to $119.45. A total of US$31,277,510 was sold versus US$42,468,505 on Thursday as the selling rate rose 7 cent to $120.42.
The Canadian dollar buying rate fell by 37 cents to end at $82.75 with dealers buying C$1,131,418 and selling C$1,198,716, at an average rate that rose 63 cents to $87.01. The rate for buying the British Pound climbed by $1.03 to $176.48 for the purchase of £1,470,687, while only £150,953 was sold, with the rate falling 89 cents to $177.24. At the end of trading, it took J$131.88 to purchase the Euro, for a rise of 96 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.21, rising by 80 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$116,372 being bought, while US$156,024 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $120.70,
the lowest buying, the highest and lowest selling rates were unchanged at $98.70, $126.47 and $116, respectively. The highest buying rate for the Canadian dollar dropped $1.75 to $86.45, the lowest buying rate fell 20 cents to $68.61. The highest and lowest selling rates remained at $90 and $80.50 respectively. The highest buying rate for the British Pound, jumped $4.10 to end at $182.80. The lowest buying, the highest and the lowest selling rates were unchanged at $142.84, $184.15 and $170.70 respectively.
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Inflows down Jamaican$ slips
Flows into the Jamaican foreign exchange market on Thursday fell well below Wednesday’s levels with dealers buying almost $10 million less than they sold with the value of the local currency slipping just a cent against the US dollar.
Dealers bought the equivalent of US$34,740,726 and sold US$44,288,308, compared with US$56,579,543 and US$48,690,822 respectively on Wednesday.
Sale of US dollars , exceeded the amount sold by dealers by US$10 million. Dealers bought US$32,213,491 compared to US$52,781,867 on Wednesday. The buying rate for the US dollar fell 13 cents to $119.70. A total of US$42,468,505 was sold versus US$46,420,126 on Wednesday as the selling rate rose 1 cent to $120.35.
The Canadian dollar buying rate fell by 1 cent to end at $83.12 with dealers buying C$1,146,311 and selling C$1,102,909, at an average rate that rose $1.65 to $86.38. The rate for buying the British Pound climbed by 47 cents to $175.45 for the purchase of £927,856, while £587,131 was sold, with the rate putting on 67 cents to $178.14. At the end of trading, it took J$130.92 to purchase the Euro, for a fall of $1.05 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.41 for a decline of $1.03 from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$371,230 being bought, while US$159,109 was sold.
Highs & Lows| The highest buying rate for the US dollar,
rose 20 cents to $120.75, the lowest buying rate held at $98.70, the highest selling rate fell 22 cents to $126.47 and lowest selling rates fell $1 to end at $116. The highest buying rate for the Canadian dollar rose $1.20 to $88.20, the lowest buying rate remained at $68.81, the highest selling rate ended 10 cents lower at $90 and the lowest selling rate fell $1.50 to end at $80.50. The highest buying rate for the British Pound, slipped 30 cents to end at $178.70. The lowest buying rate was unchanged at $142.84, while the highest selling rate jumped $1.45 to end at $184.15 and the lowest selling rate rose by 20 cents to $170.70.
