the Jamaican dollar gained in value on Monday against the three major currencies it trade in. Purchases of all currencies by dealers amounted to US$47,429,215 compared with the US$41,792,863, on Friday and selling of the equivalent of US$48,069,553 versus US$42,252,844 on the prior trading day.
In US dollar trading, dealers bought US$43,879,394 compared to US$36,360,074 on Friday. The buying rate for the US dollar lost 6 cents to end at $115.09 and US$46,156,443 was sold versus US$39,309,385 on Friday, the selling rate fell 4 cents to $115.60 The Canadian dollar buying rate dropped $1.83 to $90.21 with dealers buying C$1,489,297, and selling C$732,910, at an average rate that fell 61 cents to $92.03. The rate for buying the British Pound dipped $1.43 to $175.28 for the purchase of £1,417,030, while £477,617 was sold, at an average rate of $177.36, down $1.27. At the end of trading it took J$129.71 to purchase the Euro, 9 cents up from Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.22 for a 6 cents less than on Friday. Other currencies bought, amounted to the equivalent of US$224,205 while the equivalent of US$596,841, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 20 cents to $116, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dropped 17 cents to $96.22. The highest buying rate for the Canadian dollar dived $3.20 to $93, the lowest buying rate fell $1.37 to $71.88. The highest selling rate fell $2.95 to $94.05 and the lowest selling rate fell 65 to $86.60. The highest buying rate for the British Pound, dropped $4.10 to $174. The lowest buying rate fell $3.44 to $139.44, the highest selling rate lost $2.10 to $179.76 and the lowest selling rate declined $4.45 to $167.70.
J$ gains against all on Monday
Selling exceeds buying by US$15m – Thursday
Purchases of all currencies by dealers amounting to US$36,782,160 compared with the US$42,869,906, on Wednesday nearly US$15 million more than selling of the equivalent of US$51,379,595 versus US$41,114,060 sold on Wednesday.
In US dollar trading, dealers bought US$31,445,586 compared to US$36,345,296 on Wednesday. The buying rate for the US dollar lost 3 cents to $115.12 and US$49,329,254 was sold versus US$38,634,332 on Wednesday, the selling rate fell 1 cent to $115.59. The Canadian dollar buying rate dropped 59 cents to $90.69 with dealers buying C$1,219,191, and selling C$597,637, at an average rate that dipped 12 cents to $92.25. The rate for buying the British Pound climbed 92 cents to $177.04 for the purchase of £2,670,775, while £924,411 was sold, at an average rate of $178.64, up 52 cents. At the end of trading it took J$131.30 to purchase the Euro, 25 cents more than on Wednesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.82 for 18 cents more than on Wednesday . Other currencies bought, amounted to the equivalent of US$268,778 while the equivalent of US$144,804, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.80, $94.36 and $120.91 respectively. The lowest selling rate jumped $22.75 to $113.50. The highest buying rate for the Canadian dollar remained at $93, the lowest buying rate rose $1.32 to $73.70. The highest selling rate was unchanged at $95.26 and the lowest selling rate fell $11.69 to $75.51 The highest buying rate for the British Pound, slipped 50 cents to $178.90. The lowest buying rate climbed 66 cents to $143.42, the highest selling rate gained $1.74 to $184.90 and the lowest selling rate climbed 50 cents to $172.50.
J$ holding against US dollar – Wednesday
Inflows of foreign exchange into the system continued to be buoyant on Wednesday with slightly more buying than selling of foreign currencies by dealers. Purchases of all currencies amounting to US$42,869,906 compared with the US$43,926,359, on Tuesday. Selling was for the equivalent of US$41,114,060 versus US$42,891,279 sold on Tuesday.
In US dollar trading, dealers bought US$36,345,296 compared to US$38,670,944 on Tuesday. The buying rate for the US dollar lost 5 cents to $115.15 and US$38,634,332 was sold versus US$39,072,048 on Tuesday, the selling rate put on 1 cent to $115.60. The Canadian dollar buying rate rose 95 cents to $91.28 with dealers buying C$1,526,264, and selling C$1,396,081, at an average rate that rose $1.12 to $92.37. The rate for buying the British Pound dipped 14 cents to $176.12 for the purchase of £3,346,852, while £410,120 was sold, at an average rate of $178.12, a fall of 25 cents. At the end of trading it took J$131.05 to purchase the Euro, 20 cents less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.64 for 7 cents less than on Tuesday . Other currencies bought, amounted to the equivalent of US$195,963 while the equivalent of US$732,265, was sold.
Highs & Lows| The highest buying rate for the US dollar declined 15 cents to $115.80 and the lowest buying rate remained at $94.36. The highest selling rate fell 21 cents to $120.91. The lowest selling rate fell $3.61 to $90.75. The highest buying rate for the Canadian dollar rose 50 cents to $93, the lowest buying rate dropped 16 cents to $72.38. The highest selling rate lost 24 cents to $95.26 and the lowest selling rate fell 20 cents to $87.20. The highest buying rate for the British Pound, rose 30 cents to $179.40. The lowest buying rate climbed 46 cents to $142.76, the highest selling rate dipped 29 cents to $183.16 and the lowest selling rate climbed 55 cents to $172.
J$ stable vs US dollar – Tuesday
Inflows of foreign exchange into the system continued to be buoyant on Tuesday with almost equal buying and selling of foreign currencies by dealers. Purchases of all currencies amounting to US$43,926,359 compared with the US$47,161,608, on Monday. Selling was for the equivalent of US$42,891,279 versus US$47,139,887 sold on Monday.
In US dollar trading, dealers bought US$38,670,944 compared to US$42,803,483 on Monday. The buying rate for the US dollar put on 12 cents to $115.20 and US$39,072,048 was sold versus US$40,580,251 on Monday, the selling rate remained at $115.59. The Canadian dollar buying rate rose 86 cents to $90.33 with dealers buying C$2,683,965, and selling C$1,674,055, at an average rate that fell $1.72 to $91.25. The rate for buying the British Pound climbed 24 cents to $176.26 for the purchase of £1,519,693, while £1,232,276 was sold, at an average rate of $178.37, up by 63 cents. At the end of trading it took J$131.24 to purchase the Euro, 18 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.71 for 38 cents lower than on Monday. Other currencies bought, amounted to the equivalent of US$825,594 while the equivalent of US$596,186, was sold.
Highs & Lows| The highest buying rate for the US dollar rose 15 cents to $115.95 and the lowest buying rate climbed $4.93 to $94.36. The highest selling rate remained at $121.12. The lowest selling rate fell 16 cents to $94.36. The highest buying rate for the Canadian dollar fell 20 cents to $92.50, the lowest buying rate dropped $1.02 to $72.54. The highest selling rate gained 59 cents to $95.50 and the lowest selling rate fell $1.30 to $87.40. The highest buying rate for the British Pound, dropped 30 cents to $179.10. The lowest buying rate fell 21 cents to $142.30, the highest selling rate dipped 27 cents to $183.45 and the lowest selling rate climbed $1.75 to $171.45.
BNS dumps US$19m in 2 days
Bank of Nova Scotia (BNS)
bought just US$3.9 million on Friday but sold US$17.8 million. On Thursday BNS sold US$12.6 million compared buying of only US$7.97 million, resulting in a net sale of US$19 in the two days.
On Thursday, National Commercial Bank (NCB) also sold more than they bought, with buying accounting for $6 million and selling US$10.5 million. NCB’s trade on Friday, was more balanced, with selling of just US$1 million more than they bought. While Scotia’s average selling rate was $115.70 on Thursday, on Friday it fell to $115.57, in contrast NCB’s average selling rate on Friday was $115.75 and $115.69 on Thursday.
There was more selling than buying of foreign currencies by dealers on Friday, with purchases of all currencies amounting to US$47,277,720 compared with US$42,778,081, on Thursday. Selling was the equivalent of US$64,474,492 versus US$52,219,662 sold on Thursday.
In US dollar trading, dealers bought US$44,421,153 compared to US$38,951,367 on Thursday. The buying rate for the US dollar climbed 5 cents to $115.28 and US$62,378,941 was sold versus US$49,786,691 on Thursday, the selling rate dropped 9 cents to $115.60. The Canadian dollar buying rate climbed 21 cents to $90.57 with dealers buying C$1,055,161, and selling C$1,040,220, at an average rate that remained unchanged at $92.62. The rate for buying the British Pound dropped $1.04 to $175.24 for the purchase of £1,068,882, while £726,396 was sold, at an average rate of $177.48, down by 44 cents. At the end of trading it took J$131.77 to purchase the Euro, 35 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.28 for 34 cents over the rate on Thursday. Other currencies bought, amounted to the equivalent of US$402,706 while the equivalent of US$146,908, was sold.
Highs & Lows| The highest buying rate for the US dollar and the lowest buying rates remained at $115.90 and $94.52 respectively. The highest selling lost 11 cents to $121.12. The lowest selling rate fell 66 cents to $94.36. The highest buying rate for the Canadian dollar fell $1.68 to $92.32, the lowest buying rate dipped 92 cents to $73.12. The highest selling rate rose 12 cents to $95.56 and the lowest selling rate lost $1.10 to $88.10. The highest buying rate for the British Pound, dropped 74 cents to $177.76. The lowest buying rate climbed 21 cents to $142.97, the highest selling rate dropped $2.14 to $181.90 and the lowest selling rate was up 25 cents to $172.25.
US$10m sell off on Thursday
There was more selling than buying foreign currencies by dealers on Thursday with purchases of all currencies, amounting to US$42,778,081 compared with the US$30,677,230, on Tuesday and selling of the equivalent of US$52,219,662 versus US$30,462,192 sold on Tuesday.
In US dollar trading, dealers bought US$38,951,367 compared to US$26,930,923 on Tuesday. The buying rate for the US dollar climbed 1 cent to $115.23 and US$49,786,691 was sold versus US$28,282,954 on Tuesday, the selling rate gained 2 cents to $115.69. The Canadian dollar buying rate dived 27 cents to $90.36 with dealers buying C$1,180,113, and selling C$586,622, at an average rate that rose 8 cents, to $92.62. The rate for buying the British Pound jumped $1 to $176.28 for the purchase of £1,775,831, while £933,879 was sold, at an average rate of $177.92, while it gained 44 cents. At the end of trading it took J$131.42 to purchase the Euro, 56 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.94 for 18 cents lower and on Tuesday. Other currencies bought, amounted to the equivalent of US$184,444 while the equivalent of US$527,064, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.90, $94.52 and $121.23 respectively. The lowest selling rate fell $18.18 to $95.02. The highest buying rate for the Canadian dollar rose $1 to $94, the lowest buying rate climbed 42 cents to $74.04. The highest selling rate fell 12 cents to $95.44 and the lowest selling rate gained 50 cents to $89.20. The highest buying rate for the British Pound, rose 65 cents to $178.50. The lowest buying rate climbed 17 cents to $142.76, the highest selling rate increased 21 cents to $184.04 and the lowest selling rate was up 20 cents to $172.
J$ up vs US$ on Tuesday
There was even flows of foreign currencies on Tuesday with purchases of all currencies by dealers, amounting to US$30,677,230 compared with the US$27,990,320, on Monday and selling the equivalent of US$30,462,192 versus US$32,644,232 sold on Monday.
In US dollar trading, dealers bought US$26,930,923 compared to US$23,883,763 on Monday. The buying rate for the US dollar climbed 28 cents to $115.22 and US$28,282,954 was sold versus US$30,042,681 on Monday, the selling rate fell 6 cents to $115.67. The Canadian dollar buying rate dived 13 cents to $90.63 with dealers buying C$998,990, and selling C$675,812, at an average rate that rose 15 cents, to $92.54. The rate for buying the British Pound rose 8 cents to $175.28 for the purchase of £1,390,331, while £667,284 was sold, at an average rate of $177.48, while it gained 23 cents. At the end of trading it took J$131.98 to purchase the Euro, 4 cents higher than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.12 for 38 cents lower and on Monday. Other currencies bought, amounted to the equivalent of US$845,369 while the equivalent of US$614,772, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.90, the lowest buying rate fell 50 cents to $94.52 and the highest selling rate rose 32 cents to $121.23. The lowest selling rate climbed $16.98 to $113.20. The highest buying rate for the Canadian dollar rose 15 cents to $93, the lowest buying rate climbed 35 cents to $73.62. The highest selling rate rose 56 cents to $95.56 and the lowest selling rate gained 40 cents to $88.70. The highest buying rate for the British Pound, rose 8 cents to $177.85. The lowest buying rate climbed 8 cents to $142.59, the highest selling rate increased 11 cents to $183.83 and the lowest selling rate was up 10 cents to $171.80.
J$ slips slightly V US$ on Monday
There was more selling of foreign currencies than buying on Monday with purchases of all currencies by dealers, amounting to US$27,990,320 compared with the US$44,754,611, on Friday and selling the equivalent of US$32,644,232 versus US$46,877,694 sold on Friday.
In US dollar trading, dealers bought US$23,883,763 compared to US$41,196,909 on Friday. The buying rate for the US dollar fell 36 cents to $114.94 and US$30,042,681 was sold versus US$44,678,972 on Friday, the selling rate rose 2 cents to $115.73. The Canadian dollar buying rate dived 82 cents to $90.76 with dealers buying C$1,704,731, and selling C$1,320,279, at an average rate that dipped 9 cents, to $92.39. The rate for buying the British Pound fell 8 cents to $175.20 for the purchase of £1,394,464, while £640,023 was sold, at an average rate of $177.25, down by 3 cents. At the end of trading it took J$131.94 to purchase the Euro, 34 cents higher than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.50 for 37 cents up from Friday. Other currencies bought, amounted to the equivalent of US$634,865 while the equivalent of US$567,265, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 10 cents to $115.90, the lowest buying rate gained $4.32 to $95.02 and the highest selling rate was unchanged at $120.91. The lowest selling rate gave up $17.58 to $96.22. The highest buying rate for the Canadian dollar was unchanged at $92.85, the lowest buying rate climbed 44 cents to $73.27. The highest selling rate rose 21 cents to $95 and the lowest selling rate dropped 50 cents to $88.30. The highest buying rate for the British Pound, slipped 3 cents to $177.77. The lowest buying rate climbed 29 cents to $142.51, the highest selling rate jumped $1.94 to $183.72 and the lowest selling rate decreased $2.50 to $171.70.
J$ gains against US$ on Friday
There was more selling of foreign currencies than buying on Friday with purchases of all currencies by dealers, amounting to US$44,754,611 compared with the US$37,493,058, on Thursday and selling the equivalent of US$46,877,694 versus US$31,450,866 sold on Thursday.
In US dollar trading, dealers bought US$41,196,909 compared to US$33,053,912 on Thursday. The buying rate for the US dollar rose 3 cents to $115.30 and US$44,678,972 was sold versus US$28,391,214 on Thursday, the selling rate fell 1 cent to $115.71. The Canadian dollar buying rate recovered 22 cents to $91.58 with dealers buying C$2,075,757, and selling C$1,484,449, at an average rate that rose 20 cents, to $92.48. The rate for buying the British Pound dipped 21 cents to $175.28 for the purchase of £1,166,987, while £461,462 was sold, at an average rate of $177.28, up by 20 cents. At the end of trading it took J$131.61 to purchase the Euro, 75 cents higher than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.13 for 66 cents up from Thursday. Other currencies bought, amounted to the equivalent of US$134,816 while the equivalent of US$305,423, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 10 cents to $116, the lowest buying rate fell $3.66 to $90.70 and the highest selling rate was unchanged at $120.91. The lowest selling rate recovered $17.59 to $113.80. The highest buying rate for the Canadian dollar dived only 25 cents to $92.85, the lowest buying rate climbed 50 cents to $72.83. The highest selling rate dipped 21 cents to $94.79 and the lowest selling rate jumped $1.65 to $88.80. The highest buying rate for the British Pound, rose 30 cents to $177.80. The lowest buying rate climbed 66 cents to $142.22, the highest selling rate fell 71 cents to $181.78 and the lowest selling rate increased $3.65 to $174.20.
J$ gains against US$ on Thursday
There was much more buying of foreign currencies than selling on Thursday with purchases of all currencies by dealers, amounting to US$37,493,058 compared with the US$36,565,083, on Wednesday and selling the equivalent of US$31,450,866 versus US$48,322,723 sold on Wednesday.
In US dollar trading, dealers bought US$33,053,912 compared to US$33,977,211 on Wednesday. The buying rate for the US dollar fell 10 cents to $115.27 and US$28,391,214 was sold versus US$45,963,520 on Wednesday, the selling rate fell 4 cents to $115.72. The Canadian dollar buying rate recovered $1.68 to $91.36 with dealers buying C$2,001,8708, and selling C$1,360,165, at an average rate that fell 76 cents, to $92.28. The rate for buying the British Pound rose $1.78 to $175.49 for the purchase of £1,369,125, while £908,270 was sold, at an average rate of $177.08, up by $1.10. At the end of trading it took J$130.86 to purchase the Euro, 23 cents lower than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.47 for 31 cents down from Wednesday. Other currencies bought, amounted to the equivalent of US$768,256 while the equivalent of US$585,240, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 15 cents to $115.90, the lowest buying rate recovered 67 cents to $94.36 and the highest selling rate rose 54 cents to $120.91. The lowest selling rate dropped $13.89 to $96.21. The highest buying rate for the Canadian dollar dived $4.90 to $93.10, the lowest buying rate declined $3.91 to $72.33. The highest selling rate dipped $6.10 to $95 and the lowest selling rate fell $4.70 to $87.15. The highest buying rate for the British Pound, rose $2.10 to $177.50. The lowest buying rate climbed $1.79 to $141.56, the highest selling rate gained $2.30 to $182.49 and the lowest selling rate increased $2.15 to $170.55.