Trading of foreign currency in the forex market on Thursday, saw the US dollar selling rate gaining ground against the Jamaican dollar, the pound and Canadian dollar versus the local currency. The equivalent of US$62,949,698 was bought by dealers, compared with US$38,513,726 on Wednesday, while they sold the equivalent of US$55,331,440 versus US$43,034,863 previously.
In US dollar trading , dealers bought US$59,788,012 compared to US$35,208,960 on Wednesday. The buying rate for the US dollar rose 20 cents to $119.34 and US$52,478,263 was sold versus US$41,144,885 on Wednesday, the selling rate gained 2 cents to $119.68. The Canadian dollar buying rate fell 44 cents to end at $88.39 with dealers buying C$1,464,400 and selling C$2,039,783, at an average rate that climbed $1.78 cents to $92.32. The rate for buying the British Pound slipped $1.12 to $181.03 for the purchase of £1,239,252, while £751,569 was sold, at an average rate that rose 82 cents to $184.37. At the end of trading, it took J$135.86 to purchase the Euro, with a rise of 24 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.25 for an increase of 29 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$197,184 being bought, while US$121,941 was sold.
Highs & Lows| The highest buying rate for the US dollar ended with a fall of $1 to $120, but the lowest buying rate ended 8 cents higher at $98.28, highest selling rate advanced 11 cents to $125.94 and lowest selling rate rose 9 cents to $98.28. The highest buying rate for the Canadian dollar rose 65 cents to $92.45, the lowest buying rate declined by 12 cents to end at $73.54, the highest selling rate lost 16 cents to end at $94.80 and the lowest selling rate lost 40 cents to end at $87.30. The highest buying rate for the British Pound, gained 15 cents to end at $185. The lowest buying rate fell 16 cents to $148.74, the highest selling rate dropped $2.90 to $189.06 and the lowest selling rate fell 50 cents to end at $177.

Inflows of foreign currency into the forex market jumped sharply on Thursday, but the Jamaican dollar lost ground against the three major currencies it trades against and led to the equivalent of US$63,879,976 being bought by dealers, compared with US$28,123,813 on Wednesday, while they sold the equivalent of US$60,651,066 versus US$32,663,359 previously.
In US dollar trading , dealers bought US$61,389,986 compared to US$23,950,737 on Wednesday. The buying rate for the US dollar gained 47 cents to $119.31 and US$58,673,239 was sold versus US$31,446,646 on Wednesday, the selling rate gained 3 cents to end at $119.59. The Canadian dollar buying rate fell 83 cents to end at $89.27 with dealers buying C$950,168 and selling C$654,115, at an average rate that rose 76 cents to $92. The rate for buying the British Pound declined 43 cents to $180.98 for the purchase of £1,053,245, while £747,541 was sold, at an average rate that climbed $1.07 to $183.70. At the end of trading, it took J$136.73 to purchase the Euro, with a rise of 85 cents on Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.87 for a rise of 61 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$181,485 being bought, while US$326,383 was sold.
Highs & Lows| The highest buying rate for the US dollar added 10 cents on Thursday to end at $119.90, the lowest buying and lowest selling rates remained unchanged at $98.11 and $98.12 respectively, the highest selling rate ended 33 cents lower at $125.72. The highest buying and the lowest buying rates for the Canadian dollar were unchanged at $93.50 and $72.79, respectively while the highest selling rate added 26 cents to end at $94.61 and the lowest selling rate jumped $1.50 to $86. The highest buying rate for the British Pound, declined 5 cents to end at $184.85. The lowest buying rate rose 87 cents to $148.32, the highest selling rate declined 24 cents to $188.94 and the lowest selling rate closed down $1.82 to end at $174.18.

Jamaica’s forex market returned to normal on Tuesday, with volumes being low at this time of the year. Trading ended in the foreign exchange market with the equivalent of US$23,638,977 bought by dealers, compared with US$87,964,632 on Monday, while they sold the equivalent of US$26,888,583 versus US$82,948,742 previously.
In US dollar trading , dealers bought US$21,150,981 compared to US$84,551,283 on Monday. The buying rate for the US dollar declined 51 cents to $118.42 and US$25,239,896 was sold versus US$81,821,341 on Monday, the selling rate was unchanged at $119.23. The Canadian dollar buying rate rose 10 cents to end at $87.91, with dealers buying C$1,071,330 and selling C$926,454, at an average rate that rose 57 cents to $90.75. The rate for buying the British Pound climbed 93 cents to $178.05 for the purchase of £1,023,198, while £506,853 was sold, at an average rate that climbed $1.15 to $180.60. At the end of trading, it took J$133.68 to purchase the Euro, with a decline of 77 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$131.34, for a fall of 23 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$154,247 being bought, while US$175,823 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 35 cents on Tuesday to $119.80, the lowest buying rate put on 21 cents to end at $97.82, the highest selling rate gained 16 cents to end at $125.35 and lowest selling rate jumped $18.41 to $116.10. The highest buying rate for the Canadian dollar dropped 90 cents to $91.10, the lowest buying rate gained 58 cents to $72, the highest selling rate fell $1.04 to end at $93.16 and the lowest selling rate jumped $2.75 to $86.75. The highest buying rate for the British Pound, rose 65 cents to end at $181.20. The lowest buying rate leapt $4.42 to $145.62, the highest selling rate dived $2.20 to $185.10 and the lowest selling rate climbed $11.70 to close at $174.

The Jamaican dollar lost further grounds against the US dollar at the end of trading on Friday, with the local currency ending at $119.24 to buy the United States currency. Trading ended in the foreign exchange market with the equivalent of US$26,531,581 bought by dealers, compared with US$27,465,721 on Thursday, while they sold the equivalent of US$29,137,984 versus US$29,489,151 previously.
In US dollar trading , dealers bought US$23,410,069 compared to US$24,803,259 on Thursday. The buying rate for the US dollar rose 1 cent to $118.46 and US$27,690,189 was sold versus US$27,712,745 on Thursday, the selling rate gained 9 cents to end at $119.24. The Canadian dollar buying rate dropped $1.36 to end at $87.07, with dealers buying C$718,176 and selling C$872,160, at an average rate that rose $1.08 to $90.59. The rate for buying the British Pound rose $1.48 to $178.51 for the purchase of £1,655,753, while £452,300 was sold, at an average rate that declined 11 cents to $179.45. At the end of trading, it took J$133.50 to purchase the Euro, with a rise of 60 cents on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$130.72, for a gain of 60 cents on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$98,604 being bought, while US$104,457 was sold.
Highs & Lows| The highest buying rate for the US dollar jumped $2.17 on Friday to $119.52, the lowest buying rate rose $1.88 to end at $97.70, the highest selling rate was up $2.41 to $125.19 while the lowest selling rate dropped $17.01 to $97.69. The highest buying rate for the Canadian dollar dived $2.90 to $90.10, the lowest buying rate dropped $2.94 to $71.05, the highest selling rate dipped $3.80 to end at $92.60 and the lowest selling rate fell $4.15 to $85. The buying and selling rates of the British Pound, all fell with buying rates falling $2.80 and $18.92 to $181.20 and $128.20 respectively and the highest selling and lowest selling rates falling $1.73 to $185.65 and $2.45 to close at $174.80 respectively.