The Jamaican foreign exchange market still remained strong on Wednesday, with more $40 million entering the market, but the rate of the Jamaican dollar slipped against the US dollar, the British pound and the Canadian dollar.
Dealers sold $5 million more foreign currency than they purchased on Wednesday. The equivalent of US$40,650,808 was purchased and US$45,415,068 sold, compared with US$43,508,060 they purchased and US$47,115,930 sold on Tuesday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$6 million with dealers buying US$36,006,397 compared to US$39,170,370 on Tuesday. The buying rate for the US dollar gained 16 cents to $119.64. A total of US$42,190,336 was sold versus US$44,984,754 on Tuesday, the selling rate moved up by 6 cents to $120.16. The Canadian dollar buying rate rose 80 cents to end at $86.69 with dealers buying C$1,959,978 and selling C$1,820,778, at an average rate that rose by 64 cents to $88.09. The rate for buying the British Pound climbed by $1.46 to $179.12 for the purchase of £2,083,411, while £1,131,287 was sold, with the rate gaining $1.26 to $180.27. At the end of trading, it took J$130.56 to purchase the Euro, an increase of 29 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.94 for a decline of 10 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$105,091 being bought, while US$192,701 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 3 cents to $120.43, the lowest buying and the highest selling rates remained at $98.70 and $126.47 respectively and lowest selling rate jumped $16.40 to $117. The highest buying rate for the Canadian dollar gained 25 cents to end at $88.60, the lowest buying rate ended 67 cents lower at $70.30, the highest selling rate fell 75 cents to $90.63 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, rose $1.70 to end at $182. The lowest buying rate fell 91 cents to $144.09, while the highest selling rate lost $2.25 to end at $184.68 and the lowest selling rate rose $1.85 to $173.70.

The Jamaican foreign exchange market remained buoyant on Tuesday, with more $43 million entering the market, but the rate of the Jamaican dollar slipped moderately against the US dollar and the British pound, with the latest selling rate for the US rising to $120.10. The local currency made gains on the Canadian dollar.
Funds purchased by dealers were below the amounts sold by $3.6 million. The equivalent of US$43,508,060 was purchased and the equivalent of US$47,115,930 sold, compared with US$54,650,382 they purchased and US$55,741,013 sold on Monday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$4.8 million with dealers buying US$39,170,370 compared to US$51,011,470 on Monday. The buying rate for the US dollar fell 11 cents to $119.48. A total of US$44,984,754 was sold versus US$53,616,142 on Monday, the selling rate moved up by 7 cents to $120.10. The Canadian dollar buying rate rose 2 cents to end at $85.89 with dealers buying C$1,425,785 and selling C$747,774, at an average rate that declined by 73 cents to $87.45. The rate for buying the British Pound climbed by 83 cents to $177.66 for the purchase of £2,007,951, while £671,544 was sold, with the rate gaining 53 cents to $179.01. At the end of trading, it took J$130.27 to purchase the Euro, a fall of 43 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.84 for a decline of 32 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,015 being bought, while US$585,694 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose by 10 cents to $120.40, the lowest buying rate put on 4 cents to $98.70, the highest selling rate gained 5 cents to $126.47 and lowest selling rate jumped $1.94 to $100.60. The highest buying rate for the Canadian dollar dropped $1.15 to end at $88.35, the lowest buying rate ended 41 cents lower at $70.97, the highest selling rate fell 64 cents to $91.38 and the lowest selling rate jumped $10.66 to $83.50. The highest buying rate for the British Pound, fell $1.20 to end at $180.30. The lowest buying rate fell 25 cents to $145, while the highest selling rate lost 32 cents to end at $186.93 and the lowest selling rate declined by $2.15 to $171.85.

More funds flowed into the Jamaican foreign exchange market on Monday than on Friday, with the rate of the Jamaican dollar holding against the US dollar, with the latest selling rate for the US remaining at $120.03. The local currency made gains on the British pound and the Canadian dollar.
Funds purchased by dealers were below the amounts sold by $1 million with the equivalent of US$54,650,382 being purchased and the equivalent of US$55,741,013 sold, compared with US$38,210,272 they purchased and US$32,468,928 sold on Friday. One week ago on Monday November 30, dealers bought $44.6 million and sold US41.4 million equivalent.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$2.6 million with dealers buying US$51,011,470 compared to US$34,482,286 on Friday. The buying rate for the US dollar gained 9 cents to $119.59 and US$53,616,142 was sold versus US$30,528,147 on Friday, the selling rate remained at $120.03, The Canadian dollar buying rate fell $1.09 to end at $85.87 with dealers buying C$1,869,227 and selling C$1,085,803, at an average rate that declined by $1.06 to $88.18. The rate for buying the British Pound declined by 94 cents to $176.83 for the purchase of £1,264,655, while £483,586 was sold, with the rate falling 84 cents to $178.48. At the end of trading, it took J$130.70 to purchase the Euro, a climb of 49 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.16 for a rise of 62 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$426,901 being bought, while US$608,134 was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates were unchanged at $120.30, $98.66 and $126.42 respectively but the lowest selling rate dropped sharply by $18.34 to $98.66. The highest buying rate for the Canadian dollar dropped 30 cents to end at $89.50, the lowest buying rate ended unchanged at $71.38, the highest selling rate fell 98 cents to $92.02 and the lowest selling rate dived $12.16 to $72.84. The highest buying rate for the British Pound, rose 50 cents to end at $181.50. The lowest buying rate gained 41 cents to $145.25, while the highest selling rate climbed by $2.26 to $187.25 and the lowest selling rate rose by 50 cents to $174.

The Jamaican dollar lost value against the US and Canadian dollars, but made modest gains on the Pound on Wednesday. Funds purchased by dealers were much less than the amount sold by US$8 million. The equivalent of US$29,557,919 was purchased and the equivalent of US$37,613,356 was sold, compared with US$30,303,656 they purchased and US$40,066,275 sold on Tuesday.
In US dollar trading , dealers bought US$25,882,409 compared to US$26,764,918 on Tuesday. The buying rate for the US dollar gained 1 cent to $119.27 and US$35,819,736 was sold versus US$37,677,186 on Tuesday, the selling rate rose 5 cents to $119.96. The Canadian dollar buying rate rose 2 cents to end at $86.90 with dealers buying C$1,189,875 and selling C$1,293,626, at an average rate that jumped $1.30 to $89.59. The rate for buying the British Pound jumped $1.82 to $178.18 for the purchase of £1,821,912, while £494,520 was sold, with the rate falling 51 cents to $178.72. At the end of trading, it took J$127.20 to purchase the Euro, a rise of 53 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.61 for a rise of 56 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$86,949 being bought, while US$90,845 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar rose 20 cents to $120.30 while the lowest buying and the highest selling rates were unchanged at $98.66 and $126.42 respectively and the lowest selling rate leapt $18.34 to $117. The highest buying rate for the Canadian dollar fell 36 cents to end at $90.47, the lowest buying rate held at $71.38, the highest selling rate inched down by 6 cents to $92.02 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, dropped by $1.30 to end at $180.12. The lowest buying rate rose 41 cents to $145, the highest selling rate dipped $2.08 to $184.31 and the lowest selling rate rose 10 cents to $173.80.

On Friday, the Jamaican dollar slipped against the three major currencies it usually trades against, in the foreign exchange market. Purchasing by dealers was just slightly more than the funds they sold. At the close of trading, dealers bought the equivalent of US$40,251,301 and sold the equivalent of US$39,350,916, compared with US$16,888,330 they purchased and US$24,496,549 sold on Thursday.
US dollar trading , dealers bought US$36,593,430 compared to US$14,549,371 on Thursday. The buying rate for the US dollar rose 51 cents to $119.45 and US$37,420,311 was sold versus US$20,657,823 on Thursday, the selling rate rose 4 cents to $119.97. The Canadian dollar buying rate fell 3 cents to end at $87.36 with dealers buying C$1,562,984 and selling C$1,203,103, at an average rate that dropped 87 cents to $88.69. The rate for buying the British Pound jumped $1.75 to $178.91 for the purchase of £1,598,967, while £622,047 was sold, with the rate falling $1.36 to $179.20. At the end of trading, it took J$127.36 to purchase the Euro, a rise of 27 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.41 for a fall of 15 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$120,061 being bought, while US$111,998 was sold.
Highs & Lows| On Friday, the highest and lowest buying rates for the US dollar and the highest and the lowest selling rates were all unchanged at $120.10, $98.66, $126.42 and $98.66 respectively. The highest buying rate for the Canadian dollar fell $1 to end at $90, the lowest buying rate dipped 83 cents to $70.80, the highest selling rate rose 49 cents to $92.17 and the lowest selling rate was unchanged at $84.50. The highest buying rate for the British Pound, remained at $181. The lowest buying rate fell by 83 cents to $144.42, the highest selling rate dropped $2.99 to $184.26 and the lowest selling rate was unchanged at $174.

On Thursday the Jamaican dollar slipped against the three major currencies it usually trades against in the foreign exchange market. Purchasing by dealers was US$7.6 million less than the funds they sold. At the close of the market, the equivalent of only US$16,888,330 was bought by dealers with the equivalent of US$24,496,549 sold, compared with US$32,919,431 they purchased and US$37,604,938 sold on Wednesday.
In US dollar trading , dealers bought US$14,549,371 compared to US$30,545,842 on Wednesday. The buying rate for the US dollar declined 34 cents to $118.94 and US$20,657,823 was sold versus US$35,916,393 on Wednesday, the selling rate rose 6 cents to $119.93. The Canadian dollar buying rate fell 8 cents to end at $87.39 with dealers buying C$942,453 and selling C$646,643, at an average rate that gained 26 cents to $89.56. The rate for buying the British Pound fell 81 cents to $177.16 for the purchase of £1,008,120, while £383,784 was sold, with the rate rising 97 cents to $180.56. At the end of trading, it took J$127.09 to purchase the Euro, a fall of 46 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.56 for a fall of 49 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$144,899 being bought, while US$2,778,069 was sold.
Highs & Lows| On Thursday, the highest and lowest buying rates for the US dollar and the highest selling rate were unchanged at $120.10, $98.66 and $126.42, respectively. The lowest selling rate declined by $18.34 to $98.66. The highest buying rate for the Canadian dollar fell 40 cents to end at $91, the lowest buying rate remained at $71.63, the highest selling rate fell 66 cents to at $91.68 and the lowest selling rate declined by $1 to $84.50. The highest buying rate for the British Pound, rose 50 cents to end at $181. The lowest buying rate was unchanged at $145.25, the highest selling rate jumped $3.12 to $187.25 and the lowest selling rate was down by $1 to end at $174.

Trading of foreign currencies in Jamaica’s foreign exchange market saw US$6 million more funds flowing out of the market than the amount that entered on Tuesday leading to slippage in the rate for the Jamaican dollar against the US and the Canadian dollars. At the close of trading, the equivalent of US$38,773,432 was bought by dealers, compared with US$40,009,733 on Monday, while they sold the equivalent of US$32,724,247 versus US$32,908,156 previously.
In US dollar trading , dealers bought US$33,795,098 compared to US$36,075,775 on Monday. The buying rate for the US dollar rose 13 cents to $119.32 and US$30,120,276 was sold versus US$30,594,536 on Monday, the selling rate gained 1 cent to end at $119.87. The Canadian dollar buying rate rose 75 cents to end at $88.20 with dealers buying C$2,410,829 and selling C$2,031,958, at an average rate that gained 68 cents to $89.59. The rate for buying the British Pound rallied by $2.17 to $179.60 for the purchase of £2,018,586, while £659,747 was sold, with the rate falling 30 cents to $180.57. At the end of trading, it took J$127.28 to purchase the Euro, a fall of 70 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.66 for a decline $1.14 from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$157,681 being bought, while US$91,605 was sold.
Highs & Lows| On Tuesday, the highest buying rate for the US dollar lost 12 cents to $119.98, the lowest buying rate gained 9 cents to $98.66, the highest selling rate remained at $126.42. The lowest selling rate rose 9 cents to $98.66. The highest buying rate for the Canadian dollar rose 70 cents to end at $91, the lowest buying rate fell 25 cents to $71.38, the highest selling rate eased 9 cents to at $92.25 and the lowest selling rate ended lower by 40 cents to $85. The highest buying rate for the British Pound, gained 20 cents to end at $182. The lowest buying rate closed 75 cents lower at $144.92, the highest selling rate dropped 96 cents to $186.82 and the lowest selling rate rose 50 cents to end at $174.