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.
Jamaican $ steady vs US on Tuesday
Jamaican $ stable vs US on Monday
Inflows of foreign currencies into the system on Monday was US$6 million less than the amount sold with the local dollar selling rate holding against all the US dollar and the Pound but falling versus the Canadian currency. At the close of trading, the equivalent of US$38,102,831 was bought by dealers, compared with US$37,399,601 on Friday, while they sold the equivalent of US$44,185,509 versus US$31,267,945 previously.
In US dollar trading , dealers bought US$34,450,483 compared to US$33,768,726 on Friday. The buying rate for the US dollar fell 8 cents to $119.20 and US$42,351,622 was sold versus US$29,786,156 on Friday, the selling rate remained at $119.82.
The Canadian dollar buying rate lost 80 cents to end at $86.84 with dealers buying C$1,871,173 and selling C$1,292,916, at an average rate that rose 18 cents to $89.12. The rate for buying the British Pound declined 49 cents to $178.94 for the purchase of £1,352,997, while £498,115 was sold, with the rate remaining unchanged at $181.14. At the end of trading, it took J$128.59 to purchase the Euro, a decline of 25 cents from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.08 for a fall of 23 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$257,995 being bought, while US$119,165 was sold.
Highs & Lows| On Monday, the highest buying rate for the US dollar fell 40 cents to $120.10, the lowest buying rate jumped $4.13 to
$102.66, the highest selling rates remained unchanged at $126.26 and the lowest selling rate ended $17.67 higher at $116.20. The highest buying rate for the Canadian dollar rose 10 cents to $89.80, the lowest buying rate closed higher by $3.46 to $75.26, the highest selling rate was unchanged at $92.55 and the lowest selling rate gained 30 cents to end at $86. The highest buying rate for the British Pound, rose 10 cents to end at $182.70. The lowest buying rate jumped $7 to $152.25, the highest selling rate rose $1.46 to $187.46 and the lowest selling rate jumped $10.20 to $175.20.
Jam$ fell on Wednesday
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 $174.
Jam$ stable vs US on Tuesday
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.
TTSE down moderately on Wednesday
At the close the Composite Index ending with a loss of 1.16 points at 1,148.87 the All T&T Index declined 2.30 points to 1,951.26 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7
stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Republic Bank was the sole stock to record an increase in price, as it traded 26,588 shares and gained 1 cent to close at $112.
Declines| Trinidad and Tobago NGL slipped 75 cents in trading to close at $21.99 with 40,501 units valued at $891,180.
Firm Trades| Clico Investment Fund closed with 44,880 shares valued at $1,010,699, changing hands, to end at $22.52, First Citizens Bank traded 1,055 shares and closed at $35.01, Guardian Holdings closed with 500 shares changing hands, at $12.80, Guardian Media closed with 546 shares changing hands at $19.77.
National Flour Mills with 7,152 shares changing hands closed at $1.97, Praetorian Property Mutual Fund traded 2,000 shares to end at $3.07, Sagicor Financial had 1,240 shares changing hands and closed at $5.75. Scotiabank closed with 16,585 shares valued at $1,036,563 changing hands, to end at $62.50. Scotia Investments closed with a volume with 50,000 shares changing hands at $1.65 and Trinidad Cement closed at $3.75 after trading 2,543 shares.
Jam$ mixed on Wednesday
Foreign currencies into and out of the system, jumped well over Tuesday’s levels. At the close of trading, the equivalent of US$70,261,659 was bought by dealers, compared with US$34,196,386 on Tuesday, while they sold the equivalent of US$67,303,552 versus US$38,695,199 previously.
In US dollar trading , dealers bought US$65,914,311 compared to US$30,867,061 on Tuesday. The buying rate for the US dollar rose 36 cents to $119.58 and US$65,742,994 was sold versus US$36,880,303 on Tuesday, the selling rate rose 2 cents to end at $119.88.
The Canadian dollar buying rate lost 1 cent to $88.42, with dealers buying C$1,010,113 and selling C$1,305,367, at an average rate that declined $1.52 to $91.34. The rate for buying the British Pound climbed 84 cents to $181.48 for the purchase of £1,777,274, while £256,712 was sold, at an average rate that dropped $1.07 to $181.96. At the end of trading, it took J$131.27 to purchase the Euro, a fall of 93 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.61 for a decline of $1.02 from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$903,047 being bought, while US$176,372 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar, fell 6 cents to $120.05, the lowest buying rate rose 4 cents to $98.40, the highest selling rate remained at $126.10 and lowest selling rate gained 4 cents to end at $98.41.
The highest buying rate for the Canadian dollar climbed $3.05 to $94.75, the lowest buying rate rose 17 cents to end at $72.96, the highest selling rate fell 30 cents to end at $93.75 and the lowest selling rate declined 50 cents to end at $86.50. The highest buying rate for the British Pound, fell 40 cents to end at $184.10. The lowest buying rate slipped 42 cents to $147.74, the highest selling rate dropped $2.65 to $188.34 and the lowest selling rate lost 30 cents to $177.20.
Jam$ slips against all on Tuesday
In foreign exchange trading on Tuesday, the Jamaican dollar slipped in value against all the three major currencies it trades against. Inflows of foreign currencies into the system, fell well short of Monday’s intake. At the close of trading, the equivalent of US$34,196,386 was bought by dealers, compared with US$50,529,982 on Monday, while they sold the equivalent of US$38,695,199 versus US$49,583,967 previously.
In US dollar trading , dealers bought US$30,867,061 compared to US$46,701,326 on Monday. The buying rate for the US dollar fell 5 cents to $119.22 and US$36,880,303 was sold versus US$47,603,305 on Monday, the selling rate rose 5 cents to end at $119.86.
The Canadian dollar buying rate gained 39 cents to $88.43, with dealers buying C$1,684,103 and selling C$837,928, at an average rate that rose 16 cents to $89.82. The rate for buying the British Pound slipped 55 cents to $180.64 for the purchase of £1,260,568, while £695,860 was sold, at an average rate that climbed 72 cents to $183.03. At the end of trading, it took J$132.20 to purchase the Euro, a fall of 18 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.63 for a decline of 20 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$170,161 being bought, while US$124,382 was sold.
Highs & Lows| On Tuesday, the highest buying rate for the US dollar, rose 1 cents to $120.11, the lowest buying rate rose 75 cents to $98.36,
the highest selling rate rose $1.12 to end at $126.10 and lowest selling rate gained 9 cents to end at $98.37. The highest buying rate for the Canadian dollar climbed 60 cents to $91.70, the lowest buying rate rose 41 cents to end at $72.79, the highest selling rate dropped $4.71 to end at $94.05 and the lowest selling rate gained 50 cents to end at $87. The highest buying rate for the British Pound, fell 50 cents to end at $184.50. The lowest buying rate climbed $2.61 to $148.16, the highest selling rate climbed $1.85 to $190.99 and the lowest selling rate rose 50 cents to $177.50.
Jam$ gains against all on Monday
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 $177.
Jam$ falls again on Friday
Inflows of foreign currencies into the system on Friday increased sharply over that on Thursday but the Jamaican dollar continued to lose ground against the US and Canadian dollars and the Pound sterling. At the close of trading, the equivalent of US$44,956,234 was bought by dealers, compared with US$28,233,428 on Thursday, while they sold the equivalent of US$47,742,798 versus US$39,641,899 on the previous trading day.
In US dollar trading , dealers bought US$40,384,483 compared to US$25,490,364 on Thursday. The buying rate for the US dollar rose 14 cents to $119.32 and US$45,772,236 was sold versus US$37,287,671 on Thursday, the selling rate rose 9 cents to end at $119.83.
The Canadian dollar buying rate climbed 52 cents to end at $89.15, with dealers buying C$1,678,847 and selling C$1,291,495, at an average rate that rose 6 cents to $90.58. The rate for buying the British Pound jumped $3.19 to $181.91 for the purchase of £2,019,573, while £579,503 was sold, at an average rate that climbed 71 cents to $182.58. At the end of trading, it took J$131.24 to purchase the Euro, a fall of $1.22 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.66 for a gain of $1.11 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$238,281 being bought, while US$111,375 was sold.
Highs & Lows| On Friday, the highest buying rate for the US dollar, was unchanged at $120, the lowest buying rate rose 8 cents to $98.36, the highest selling rate lost $1.66 to end at $124.28 and lowest selling rate dropped $2.23 to end at $98.37.
The highest buying rate for the Canadian dollar climbed 50 cents to $92, the lowest buying rate rose 4 cents to end at $72, the highest selling rate fell $1.10 to end at $93.20 and the lowest selling rate climbed 50 cents to $86.50. The highest buying rate for the British Pound, climbed $1.40 to end at $184.60. The lowest buying rate fell 42 cents to $146.66 the highest selling rate slipped $1.87 to $187.73 and the lowest selling rate remained unchanged at $177.
Jam $ lost value all round Wednesday
The local currency lost value against the US dollar, the Pound sterling and Canadian dollar on Wednesday. At the close of trading, the equivalent of US$34,040,455 was bought by dealers, compared with US$32,817,588 on Tuesday, while they sold the equivalent of US$41,709,262 versus US$40,013,573 on the previous trading day.
In US dollar trading , dealers bought US$31,509,182 compared to US$29,941,222 on Tuesday. The buying rate for the US dollar fell 10 cents to $119.06 and US$40,398,527 was sold versus US$38,224,150 on Tuesday, the selling rate rose 7 cents to end at $119.71.
The Canadian dollar buying rate fell 19 cents to end at $87.32, with dealers buying C$862,611 and selling C$599,125, at an average rate that rose 4 cents to $89.64. The rate for buying the British Pound increased by 45 cents to $180.70 for the purchase of £1,197,625, while £513,151 was sold, at an average rate that climbed 18 cents to $181.72. At the end of trading, it took J$132.20 to purchase the Euro, a rise of 2 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.69 for a gain of 13 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$81,011 being bought, while US$83,138 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $119.90, $98.28 and $125.94 respectively and lowest selling rate fell $3.89 to end at $98.28.
The highest buying rate for the Canadian dollar climbed 85 cents to $91.10, the lowest buying rate dropped 25 cents to $71.96, the highest selling rate rose $1.30 to end at $94.39 and the lowest selling rate dipped 50 cents, to $84. The highest buying rate for the British Pound, climbed 20 cents to end at $183.35. The lowest buying rate fell 42 cents to $147.49, the highest selling rate fell $2.99 to $187.47 and the lowest selling rate rose $1.80 to end at $175.
