Purchases by dealers of foreign currencies on Wednesday, resulted in the Jamaican currency gaining value against the British Pound and the Canadian but gaining just a bit versus the US. The market closed with dealers buying the equivalent of US$33,887,651 in contrast to US$$45,577,861 on Tuesday, while they sold the equivalent of US$39,804,866, previously US$$43,494,861.
In US dollar trading , dealers bought US$31,012,046 compared to US$42,683,998 on Tuesday. The buying rate for the US dollar fell 32 cents to $116.53 and US$38,461,884 was sold versus US$41,973,163 on Tuesday, the selling rate fell 1 cent to $117.38. The Canadian dollar buying rate rose 43 
cents to $87.43 with dealers buying C$1,097,359 and selling C$691,037, at an average rate that rose 21 cents to $89.34. The rate for buying the British Pound climbed 30 cents to $180.54 for the purchase of £1,256,958, while £433,080 was sold, at an average rate that climbed 34 cents to $182.69. At the end of trading, it took J$128.66 to purchase the Euro, with a fall of 11 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.15 for an increase of 19 cents on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$104,933, while the equivalent of US$143,047 was sold.
Highs & Lows| The highest buying rate for the US 
dollar, gained 5 cents to $117.55, the lowest buying and the highest rates remained at $96.15 and $123.21, respectively and the lowest selling rate fell $2.28 to $96.15. The highest buying rate for the Canadian dollar jumped $7.80 to $97.10. The lowest buying rate rose 5 cents to $70.97, the highest selling rate rose $2.60 to $95.80 and the lowest selling rate climbed $1.05 to $86.50. The highest buying rate for the British Pound, rose 20 cents to $183.40, the lowest buying rate remained at $147.33 the highest selling rate fell 54 to $189.92 and the lowest selling rate rose $1.50 cents to $179.
J$ loses vs Canadian & Pound
J$ gains on Canadian & Pound Tuesday
Purchases by dealers of foreign currencies on Tuesday, resulted in the Jamaican currency gaining value against the British Pound and the Canadian but slips a bit versus the US. The market closed with dealers buying the equivalent of US$45,577,861 in contrast to US$30,317,785 on Monday, while they sold the equivalent of US$43,494,861, previously US$30,785,180.
In US dollar trading , dealers bought US$42,683,998 compared to US$27,517,864 on Monday. The buying rate for the US dollar rose 31 cents to $116.85 and US$41,973,163 was sold versus US$29,516,249 on Monday, the selling rate rose 3 cents to $117.39. The Canadian dollar buying rate dropped 5 cents to $87 with dealers buying C$1,108,307 and selling C$846,984, at an average rate that fell 46 cents to $89.13. The rate for buying the British Pound climbed 60 
cents to $180.24 for the purchase of £1,271,013, while £487,786 was sold, at an average rate that slipped 14 cents to $182.35. At the end of trading, it took J$128.77 to purchase the Euro, with a fall of 96 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.96 for a decline of $1.10 from Monday. Other currencies bought, amounted to the equivalent of US$108,150, while the equivalent of US$120,865 was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 5 cents to $117.50, the lowest buying and the highest rates remained at $96.15 and $123.21 respectively and the lowest selling rate climbed $2.28 to 
$98.43. The highest buying rate for the Canadian dollar dropped $1.70 to $89.30. The lowest buying rate fell $1.29 to $70.92, the highest selling rate declined $3.30 to $93.20 and the lowest selling rate lost $1.55 to $85.45. The highest buying rate for the British Pound, and the highest selling rate remained at $183.20 and $190.46, respectively. The lowest buying rate fell 41 cents to $147.33 and the lowest selling rate declined 50 cents to $177.50.
J$ gained value on Monday
Purchases by dealers of foreign currencies on Monday, resulted in the Jamaican currency gaining value against the three main traded currencies. The market closed with dealers buying the equivalent of US$30,317,785 in contrast to US$35,830,362 on Friday, while they sold the equivalent of US$30,785,180, previously US$29,735,446.
In US dollar trading , dealers bought US$27,517,864 compared to US$30,913,429 on Friday. The buying rate for the US dollar fell 21 cents to $116.54 and US$29,516,249 was sold versus US$27,672,147 on Friday, the selling rate fell 6 cents to $117.36. The Canadian dollar buying rate dropped $1 to $87.05 with dealers buying C$1,352,247 and selling C$581,188, at an average rate that fell 
79 cents to $89.59. The rate for buying the British Pound dropped $1.07 to $179.64 for the purchase of £1,085,262, while £403,305 was sold, at an average rate that slipped 56 cents to $182.49. At the end of trading, it took J$129.73 to purchase the Euro, with an increase of $1.50 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.06 for a rise of $1.34 from Friday. Other currencies bought, amounted to the equivalent of US$117,139, while the equivalent of US$198,106 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.55, the lowest buying, the highest and lowest 
selling rates remained at $96.15, $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar jumped $1 to $91. The lowest buying rate rose 62 cents to $72.21, the highest selling rate leapt $3.50 to $96.50 and the lowest selling rate remained at $87. The highest buying rate for the British Pound, eased 10 cents to $183.20, the lowest buying rate rose 33 cents to $147.74, with the highest selling rate rising 43 cents to $190.46 and the lowest selling rate falling $1.70 to $178.
J$ lost value on Friday
Purchases by dealers of foreign currencies on Friday, resulted in the local currency losing value against the three main traded currencies. The market closed with dealers buying the equivalent of US$35,830,362 in contrast to US$31,985,057 on Thursday, while they sold the equivalent of US$29,735,446, previously US$33,915,183.
In US dollar trading , dealers bought US$30,913,429 compared to US$29,087,315 on Thursday. The buying rate for the US dollar fell 9 cents to $116.75 and US$27,672,147 was sold versus US$31,986,716 on Thursday, the selling 
rate rose 4 cents to $117.42. The Canadian dollar buying rate dropped 20 cents to $88.05 with dealers buying C$971,179 and selling C$828,924, at an average rate that increased 30 cents to $90.38. The rate for buying the British Pound rose 1 cent to $180.71 for the purchase of £2,606,061, while £859,643 was sold, at an average rate that was up 55 cents to $182.05. At the end of trading, it took J$128.23 to purchase the Euro, with a loss of $1.25 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.72 for a decline of $1.20 from Thursday. Other currencies bought, amounted to the equivalent of US$150,763, while the equivalent of US$85,227 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $117.50, the lowest buying, the highest and lowest 
selling rates remained at $96.15, $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar fell 60 cents to $90. The lowest buying rate declined 83 cents to $71.59, the highest selling rate dropped 36 cents to $93 and the lowest selling rate rose 30 cents to $87. The highest buying rate for the British Pound, eased 30 cents to $183.30, the lowest buying rate fell 54 cents to $147.41, with the highest selling rate rising $2.87 to $190.03 and the lowest selling rate climbed $1.45 to $179.70.
J$ stable vs. US on Thursday
Purchases by dealers of foreign currencies on Thursday, resulted in the local currency making gains against the Pound and Canadian dollar but slipping slightly versus the US dollar. The market closed with dealers buying the equivalent of US$31,985,057 in contrast to US$45,948,406 on Wednesday, while they sold the equivalent of US$33,915,183, previously US$41,243,978.
In US dollar trading , dealers bought US$29,087,315 compared to US$39,742,034 on Wednesday. The buying rate for the US dollar rose 4 cents to $116.84 and US$31,986,716 was sold versus US$40,033,973 on Wednesday, the selling rate rose 1 cent to $117.38. The Canadian dollar buying rate dropped 46 cents to $88.25 with dealers buying C$1,151,016 and selling C$612,528, at an average rate 
that fell 21 cents to $90.08. The rate for buying the British Pound rose 2 cents to $180.70 for the purchase of £1,211,722, while £683,434 was sold, at an average rate that fell 7 cents to $182.50. At the end of trading, it took J$129.48 to purchase the Euro, with a loss of 7 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.92 for a rise of 3 cents from Wednesday. Other currencies bought, amounted to the equivalent of US$154,239, while the equivalent of US$395,748 was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $117.55, the lowest buying and the highest selling rates 
remained at $96.15 and $123.21 respectively, the lowest selling rate dropped $18.80 to $96.15. The highest buying rate for the Canadian dollar fell 40 cents to $90.60. The lowest buying rate rose 62 cents to $72.42, the highest selling rate dropped $1.64 to $93.36 and the lowest selling rate declined 50 cents to $86.70. The highest buying rate for the British Pound, eased 90 cents to $183.60, the lowest buying rate climbed 79 cents to $147.95, with the highest selling rate falling $2.55 to $187.16 and the lowest selling rate slipped 25 cents to $178.25.
Does FX flows justify J$ slippage?
The Jamaican dollar has been slipping against the US dollar coinciding with the demands at the summer holidays for Jamaicans travelling overseas and yet the total inflows of currencies over the last two weeks saw US$18,226,074 more being bought than sold. the decision of the country’s central bank to hike their compulsory take from the dealers to 25 percent from 15 percent last year would have had a negative impact on the rate of exchange between the US dollar versus the Jamaican dollar.
On Friday June 26, dealers bought the equivalent of US$109,789,460 or US$23,322,004 more than the amount sold and they ended up with net purchase of US dollar currency alone amounting to US$21 million. For the week commencing Monday June 22 to Thursday 25th dealers sold US$4.7 million 
in United States currency more than they purchased.
Dealer bought a net of $6.4 million dollars in British Pound and the Canadian dollars for the week from June 22 to the 26th and for the week ending July 3, a net of US$9.2 million was taken in in British Pound and Canadian dollars, for a total net purchase of non US dollar to nearly US$16 million equivalent. A net of US$12.57 million was paid out in US dollar trades for the July 3 week, thus reducing the surplus from the previous week to just US$8.6 million.
The country is in a period of good inflows of foreign exchange but there may be less US dollar inflows than in earlier in the year. The better flows should end in August or early September.
J$ losses mounts at 117.07 to US$1
Friday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of only US$25,196,045 in contrast to US$32,635,866 on Thursday, while they sold the equivalent of US$23,105,190 versus US$34,836,179 previously as trading activity was low, ahead of the week end.
In US dollar trading, dealers bought US$20,644,351 compared to US$30,637,319 on Thursday. The buying rate for the US dollar fell 20 cents to $116.29 and US$20,389,352 was sold versus US$32,858,411 on Thursday, the selling rate rose 4 cents to $117.07. The Canadian dollar buying rate jumped $1.86 to $92.26 with dealers buying C$3,982,260 and selling C$2,624,801, at an average rate that rose 7 cents to $92.94. 
The rate for buying the British Pound gained 31 cents to $179.89 for the purchase of £848,685, while £359,179 was sold, at an average rate that declined $1.04 to $182.60. At the end of trading, it took J$129.96 to purchase the Euro, 6 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.42 for 12 cents greater than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$79,557, while the equivalent of US$71,867 was sold.
Highs & Lows| The price changes for the highs and lows that the Jamaican dollar traded at, were mixed on Friday, with 5 increases and 5 declines. The highest buying rate for the US dollar fell 5 cents to $117.30. The lowest buying and the highest selling rates were unchanged at $95.82 and $122.78 respectively, while the lowest selling rate dropped $24.80 to $89.90.
The highest buying rate for the Canadian dollar rose 10 cents to $93.10, the lowest buying rate lost 37 cents at $73.62. The highest selling rate moved up 60 cents to $97 and the lowest selling rate climbed 95 cents to $90.10. The highest buying rate for the British Pound, rose $1 to $185 and the lowest buying rate declined 79 cents to $146.33, with the highest selling rate falling 74 cents to $186.64 and the lowest selling rate rising 55 cents to $177.80.
J$ just 2 cents from $117 to US$1
Tuesday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of US$34,883,289 in contrast to US$44,006,677 on Monday, while they sold the equivalent of US$38,197,799 versus US$45,314,596 previously.
In US dollar trading, dealers bought US$27,766,608 compared to US$40,659,188 on Monday. The buying rate for the US dollar rose 6 cents to $116.35 and US$35,932,831 was sold versus US$42,723,695 on Monday, the selling rate fell 1 cent to $116.98. The Canadian dollar buying rate rose 58 cents to $92.56 with dealers buying C$1,573,168 and selling C$889,991, at an average rate that declined 46 cents to $93.84. 
The rate for buying the British Pound increased $1.99 cents to $182.25 for the purchase of £3,643,918, while £869,965 was sold, at an average rate that fell 10 cents to $183.78. At the end of trading, it took J$130.45 to purchase the Euro, 20 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.72 for 36 cents less than Monday’s rate. Other currencies bought, amounted to the equivalent of US$157,210, while the equivalent of US$184,358 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 3 cents to $117.10, the lowest buying rate dropped $4.61 to $91, the highest selling rates put on 26 cents $122.78, while the lowest selling rate remained at $95.61. 
The highest buying rate for the Canadian dollar jumped $2.58 to $96.88, the lowest buying rate gained 4 cents at $75.03. The highest selling rate dipped $1.37 to $96.73 and the lowest selling rate lost 35 cent to $90. The highest buying rate for the British Pound, fell 45 cents to $183.90, the lowest buying rate remained at $147.82, with the highest selling rate diving $3.19 to $187.38 and the lowest selling rate fell $1.40 to $176.70.
J$ 1 cent from $117 to US$1 Monday
Monday’s trading in foreign currencies in Jamaican came down from the lofty heights of Friday’s trading as foreign exchange dealers bought the equivalent of US$44,006,677, in contrast to US$109,789,460 on Friday, while they sold the equivalent of US$45,314,596 versus US$86,467,457 previously.
In US dollar trading, dealers bought US$40,659,188 compared to US$104,883,104 on Friday. The buying rate for the US dollar declined 43 cents to $116.29 and US$42,723,695 was sold versus US$83,731,477 on Friday, the selling rate rose 7 cents to $116.99. The Canadian dollar buying rate fell $1.38 to $91.98 with dealers buying C$1,474,785 and selling C$633,071, at an average rate that declined 14 cents to $94.30. 
The rate for buying the British Pound lost $1.58 cents to $180.26 for the purchase of £1,100,105, while £825,122 was sold, at an average rate that climbed 17 cents to $183.88. At the end of trading, it took J$130.26 to purchase the Euro, 57 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.08 for 4 cents less than Friday’s rate. Other currencies bought, amounted to the equivalent of US$475,673, while the equivalent of US$783,772 was sold.
Highs & Lows| The highest buying rate for the US dollar dipped 3 cents to $117.07, the lowest buying rate and the highest selling rates remained at $$95.61 and $122.52, respectively while the lowest selling rate dropped $17.69 to $95.61. The highest buying rate for the Canadian dollar moved down 30 cents to $94.30, the lowest buying rate gained 4 cents at $74.99. 
The highest selling rate rose $1.55 to $98.10 and the lowest selling rate lost $1.45 to $90.35. The highest buying rate for the British Pound, fell 65 cents to $184.35, the lowest buying rate put on 8 cents to $147.82, with the highest selling rate rising $2.57 to $190.57 and the lowest selling rate climbed $1.60 to $178.10.
Huge forex trading in Jamaica Friday
NCB buys US$32.9m on Friday
Scotia Bank bought US$18.7 million and sold US$16.8 million while National Commercial Bank bought US$32.85 and sold only US$21.5 million, the next largest trade was Sagicor Bank with US$10.9 million bought to US$8.6 million sold.
In US dollar trading, dealers bought US$104,883,104 compared to US$27,666,499 on Thursday. The buying rate for the US dollar increased 50 cents to $116.72 and US$83,731,477 was sold versus US$26,103,111 on Thursday, the selling rate rose 3 cents to $116.92. The Canadian dollar buying rate rose $1.05 to $93.36 with dealers buying C$2,034,353 and selling C$1,742,563, at an average rate that rose 2 cents to $94.44.
The rate for buying the British Pound gained 48 cents to $181.84 for the purchase of £1,661,063, while £785,759 was sold, at an average rate that climbed 34 cents to $183.71. At the end of trading, it took J$130.83 to purchase the Euro, 20 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.13 for 21cents more than Thursday’s rate. Other currencies bought, amounted to the equivalent of US$691,331, while the equivalent of US$93,900 was sold.Highs & Lows| The highest buying rate for the US dollar dipped 12 cents to $117.10, the lowest buying rate jumped $4.91 to $95.61. The highest selling rate remained at $122.52 and the lowest selling rate jumped $17.69 to $113.30.
The highest buying rate for the Canadian dollar moved down $1.40 to $94.60, the lowest buying rate remained at $74.95. The highest selling rate declined $1.45 to $96.55 and the lowest selling rate rose $1.50 to $91.80. The highest buying rate for the British Pound, rose 85 cents to $185, the lowest buying rate remained at $147.74, with the highest selling rate rising $1.08 to $188 and the lowest selling rate climbed $1.70 to $179.70.