J$ loses against all – Wednesday

December 10, 2014 by

The J$ sunk to a low of J$114.03 to the US$ on Wednesday

The J$ sunk to a low of J$114.03 to the US$ on Wednesday

FX sum 10-12-14 The Jamaican dollar lost value against all the major currencies, on Wednesday. Authorized dealers purchased the equivalent of US$39,925,592 versus US$31,351,075 on Tuesday, and sold the equivalent of US$42,238,712 compared to US$32,316,397 on Tuesday.
In US dollar trading, dealers bought US$32,638,029 compared to US$27,498,857 on Tuesday. The buying rate for the US dollar was unchanged at $113.39 and US$36,803,222 was sold versus US$29,712,322 on Tuesday. The selling rate rose 14 cents to $114.03. The Canadian dollar buying rate rose $1.57 to $98.71 with dealers buying C$5,663,098 and selling C$5,213,941, at an average selling rate that put on 14 cents, to $99.18. The rate for buying the British Pound climbed 75 cents to $176.27, for the purchase of £1,344,950, while £469,682 was sold, the rate rose 71 cents to $178.41. At the end of trading it took J$141.49 to purchase the Euro, $1.59 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.75, an increase of $1.71. Other currencies bought, amounted to the equivalent of US$267,212 while the equivalent of US$165,735, was sold.
FXHL -10-12-14Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $114.25, the lowest buying, the highest selling and the lowest selling rates were unchanged at $93.52, $119.84 and $111.50 respectively. The highest buying rate for the Canadian dollar slipped 20 cents to end at $99.60. The lowest buying rate closed 12 cents lower, at $79.27. The highest selling rate fell 53 cents to $102.19 and the lowest selling rate dipped 15 cents to $95.50. The highest buying rate for the British Pound, gained 80 cents to $179.80. The lowest buying rate gained 25 cents to $143.59, the highest selling rate fell $2.99 to $181.80 and the lowest selling rate picked up 30 cents to $173.

Filed Under: FX Market, Stock Market Tagged With: , , , , , ,

J$ gains vs Canadian & Pound – Tuesday

December 9, 2014 by

The Jamaican dollar continue to lose value against the US dollar but gained against the British pound and the Canadian dollar, on Tuesday. Authorized dealers purchased the equivalent of US$31,351,075 versus US$46,947,247 on Monday, and sold the equivalent of US$32,316,397 compared to US$40,489,087 on Monday.
FX Sum 9-12-14In US dollar trading, dealers bought US$27,498,857 compared to US$42,320,091 on Monday. The buying rate for the US dollar put on 20 cents to $113.39 and US$29,712,322 was sold versus US$37,843,073 on Monday. The selling rate rose 7 cents to $113.89. The Canadian dollar buying rate rose 22 cents to $97.14 with dealers buying C$1,435,591 and selling C$785,344, at an average selling rate that erased 34 cents, to $99.04. The rate for buying the British Pound climbed 11 cents to $175.52, for the purchase of £1,434,718, while £547,510 was sold, the rate slipped 29 cents to $177.70. At the end of trading it took J$139.90 to purchase the Euro, 3 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.13, down by a cent.
Other currencies bought, amounted to the equivalent of US$401,331 while the equivalent of US$1,066,818, was sold.
FXHL 9-12-14Highs & Lows| The highest buying rate for the US dollar, closed 12 cents higher at $114.22, the lowest buying and the highest selling rates were unchanged at $93.52 and $119.84 respectively, but the lowest selling rate jumped $18.15 to $111.50. The highest buying rate for the Canadian dollar slipped 15 cents to end at $99.80. The lowest buying rate closed 24 cents lower, at $79.39. The highest selling rate fell 32 cents to $102.72 and the lowest selling rate dipped 35 cents to $95.65. The highest buying rate for the British Pound, gained 80 cents to $179. The lowest buying rate eased 25 cents to $143.34, the highest selling rate fell 43 cents to $184.79 and the lowest selling rate lost 30 cents to $172.70.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , ,

J$ loses vs US & Pound on Monday

December 8, 2014 by

The Jamaican dollar lost value against the US dollar and the British pound but gained moderately against the Canadian dollar, on Monday. Authorized dealers purchased the equivalent of US$46,947,247 versus US$32,044,623 on Friday, and sold the equivalent of US$40,489,087 compared to US$24,934,600 on Friday.
fx sum 8-12-14In US dollar trading, dealers bought US$42,320,091 compared to US$27,699,155 on Friday. The buying rate for the US dollar lost 3 cents to $113.19 and US$37,843,073 was sold versus US$22,601,816 on Friday. The selling rate rose 3 cents to $113.82. The Canadian dollar buying rate fell 56 cents to $96.92 with dealers buying C$1,788,250 and selling C$1,065,374, at an average selling rate that erased 17 cents, to $99.38. The rate for buying the British Pound fell 81 cents to $175.41, for the purchase of £1,814,634, while £765,534 was sold, the rate rose 26 cents to $177.99. At the end of trading it took J$139.93 to purchase the Euro according to data from Bank Of Jamaica while dealers purchased at J$137.14. Other currencies bought, amounted to the equivalent of US$283,910 while the equivalent of US$518,653, was sold.
FX hl 8-12-14 Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.10, the lowest buying and the highest selling rates were unchanged to $93.52 and $119.84 respectively, but the lowest selling rate fell 17 cents at $93.35. The highest buying rate for the Canadian dollar slipped 55 cents to end at $99.95. The lowest buying rate closed 30 cents lower, at $79.63. The highest selling rate remained at $103.04 and the lowest selling rate dipped 30 cents to $96. The highest buying rate for the British Pound, lost 30 cents to $178.20. The lowest buying rate slipped 8 cents to $143.59, the highest selling rate gained $3.24 to $185.22 and the lowest selling rate eased by 10 cents to $173.

Filed Under: FX Market, Stock Market Tagged With: , , , , , ,

J$ slips vs US$ gains on others – Friday

December 5, 2014 by

The Jamaican dollar lost value against the US dollar, but gained on the British pound and the Canadian dollar, on Friday. Authorized dealers purchased the equivalent of US$32,044,623 versus US$27,640,306 on Thursday, and sold the equivalent of US$24,934,600 compared with US$27,319,898 on Thursday.
FXHL 5-12-14In US dollar trading, dealers bought US$27,699,155 compared to US$23,030,965 on Thursday. The buying rate for the US dollar gained 6 cents to $113.22 and US$22,601,816 was sold versus US$24,202,008 on Thursday. The selling rate rose 3 cents t0 $113.79. The Canadian dollar buying rate fell 22 cents to $97.48 with dealers buying C$1,218,718 and selling C$582,108, at an average selling rate that erased 23 cents, to $99.55. The rate for buying the British Pound fell 34 cents to $176.22, for the purchase of £1,567,360, while £648,933 was sold, the rate lost 42 cents to $177.72. Other currencies bought, amounted to the equivalent of US$856,800 while the equivalent of US$810,034, was sold.
FXHL 5-12-14Highs & Lows| The highest buying rate for the US dollar, closed at $114, unchanged at the end of trading, the lowest buying rate rose 17 cents to $93.52, the highest selling rate rose 21 cents $119.84, but the lowest selling rate was unchanged at $93.52. The highest buying rate for the Canadian dollar climbed 65 cents to end at $100.50. The lowest buying rate closed 17 cents higher, at $79.93. The highest selling rate climbed 89 cents to $103.04 and the lowest selling rate climbed 5 cents to $96.30. The highest buying rate for the British Pound, lost 50 cents to $178.50. The lowest buying rate slipped 29 cents to $143.67, the highest selling rate gained 18 cents to $181.98 and the lowest selling rate increased $1.45 to $173.10.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , ,

Remittances continue up in August

December 4, 2014 by

Remittances600x250Gross remittance inflows for August this year, grew by 3.5 percent or US$6 million to US$184 million.
Total remittance out flows fell slightly from US$22.3 million to US$21.6 million and resulted in net inflows of US$162.3 million, an increase of US$6.8 million or 4.4 percent over August 2013. For the eight months to August total remittance inflows amounted to US$1.422 billion, an increase of US$54 million or 3.9 percent but outflows contracted by 14 million to $150 million and resulted in net inflows increasing by US$68 million or 5.6 percent over the similar period in 2013 to hit US$1.27 billion. The data released by Jamaica’s central bank showed.

Filed Under: Economy, FX Market, Stock Market Tagged With: , , ,

J$ slips vs US$ gains on others – Wednesday

December 3, 2014 by

The Jamaican dollar lost value against the US dollar but gained against the British pound and the Canadian dollar, on Wednesday. Authorized dealers purchased the equivalent of US$31,872,356 versus US$34,565,581 on Tuesday, and sold the equivalent of US$33,727,145 compared with US$33,169,744 on Tuesday.
FX sum 3-12-14In US dollar trading, dealers bought US$26,146,822 compared to US$29,642,890 on Tuesday. The buying rate for the US dollar rose 7 cents to $113.18 and US$30,605,638 was sold versus US$30,393,433 on Tuesday. The selling rate rose 6 cents at $113.69 The Canadian dollar buying rate fell 70 cents to $97.63 with dealers buying C$1,175,216 and selling C$870,583, at an average selling rate that declined 23 cents, to $99.01. The rate for buying the British Pound rose $1.22 to $176.80, for the purchase of £2,948,910, while £1,428,934 was sold, the rate rose 64 cents to $178.04. Other currencies bought, amounted to the equivalent of US$105,052 while the equivalent of US$125,689, was sold.
FX HL - 3-12-14Highs & Lows| The highest buying rate for the US dollar, closed $1.02 lower at $113.93, the lowest buying rate and the highest selling rate were unchanged at $93.35 and $119.63, respectively but the lowest selling rate dropped back $17.95 to $93.10. The highest buying rate for the Canadian dollar rose 25 cents to end at $100.25. The lowest buying rate closed 8 cents higher at $79.76. The highest selling rate dived $5.87 to $102.63 and the lowest selling rate fell $1.70 to $94.30. The highest buying rate for the British Pound, dropped 15 cents to $178.80. The lowest buying rate fell 74 cents to $143.47, the highest selling rate eased 96 cents to $184.95 and the lowest selling rate fell 15 cents to $172.85.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , ,

J$ slips vs US$ gains on others – Tuesday

December 2, 2014 by

The Jamaican dollar lost value against the US dollar but gained against the British pound and the Canadian dollar, on Tuesday. Authorized dealers purchased the equivalent of US$34,565,581 versus US$36,591,367, on Monday, and sold the equivalent of US$33,169,744 compared with US$35,704,084 on Monday.
FX sum 2-12-14In US dollar trading, dealers bought US$29,642,890 compared to US$29,868,883 on Monday. The buying rate for the US dollar rose 16 cents to $113.11 and US$30,393,433 was sold versus US$31,686,958 on Monday. The selling rate was up 4 cents at $113.63 The Canadian dollar buying rate fell 30 cents to $98.33 with dealers buying C$2,355,803 and selling C$1,822,198, at an average selling rate that declined 38 cents, to $99.24. The rate for buying the British Pound dipped 56 cents to $175.58, for the purchase of £1,739,181, while £574,118 was sold, the rate fell back 44 cents to $177.40. Other currencies bought, amounted to the equivalent of US$175,201 while the equivalent of US$288,647, was sold.
FX HL 2-12-14Highs & Lows| The highest buying rate for the US dollar, closed $1.15 cents higher at $114.95, the lowest buying and the highest selling rates were unchanged at $93.35 and $119.63 respectively, but the lowest selling rate jumped $17.70 to $111.05. The highest buying rate for the Canadian dollar was unchanged at $100. The lowest buying rate closed 8 cents higher at $79.68. The highest selling rate closed $4.80 higher, at $108.70 and the lowest selling rate rose 10 cents to $96. The highest buying rate for the British Pound, was up 41 cents to $178.95. The lowest buying rate rose 37 cents to $144.21, the highest selling rate rose 48 cents to $185.91 and the lowest selling rate fell 30 cents to $173.

Filed Under: FX Market, Stock Market Tagged With: , , , , , ,

J$ gains vs euro & Pound Friday

December 1, 2014 by

The Jamaican dollar lost value against the United States and the Canadian dollar, but gained versus the euro and the Pound in Friday foreign exchange trading in Jamaica.
FX sum 19-12-14Overall there was buying of the equivalent of US$52,174,458 versus US$42,831,449 on Friday, and selling of the equivalent of US$44,651,307 compared to US$41,907,894 on Thursday. In US dollar trading, dealers bought US$46,132,454 compared to US$36,830,088 on Thursday. The buying rate for the US dollar rose 6 cents to $114.10 and US$41,961,857 was sold versus US$37,213,356 on Thursday while the selling rate rose 1 cent to $114.59. The Canadian dollar buying rate was up 64 cents to $97.08 with dealers buying C$2,100,188 and selling C$1,012,039, at an average selling rate that fell 50 cents, to $98.77. The rate for buying the British Pound rose 32 cents to $177.65 for the purchase of £2,605,212 while £953,717 was sold, the rate eased 24 cents to $179.06. At the end of trading it took J$141.82 to purchase the Euro, $1.23 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.10, for a fall of $1.26. Other currencies bought, amounted to the equivalent of US$198,857 while the equivalent of US$326,747, was sold.
FX HL 19-12-14Highs & Lows| The highest buying rate for the US dollar, closed 9 cents lower at $114.80, the lowest buying rate closed 13 cents higher to $93.94. The highest selling rate was unchanged at $120.37 and the lowest selling rate climbed $15.47 to $111. The highest buying rate for the Canadian dollar fell 58 cents to $99.30. The lowest buying rate rose 33 cents to $78.52. The highest selling rate rose $1 to $102 and the lowest selling rate gained 60 cents to end at $94.60. The highest buying rate for the British Pound, declined 20 cents to $180. The lowest buying rate dropped 74 cents to $144.01, highest selling rate fell $3.77 to $182.84 and the lowest selling rate lost 50 cents to $173.50.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , ,

Volumes climb but J$ falters Vs US$ on Friday

November 28, 2014 by

The Jamaican dollar lost ground against the US dollar but gained against the British pound and the Canadian dollar, on Friday. The level of trading increased strongly over Thursday’s levels, as authorized dealers purchased the equivalent of US$39,425,266 versus US$23,655,831, on Thursday, and sold the equivalent of US$31,274,156 compared with US$20,111,379 on Thursday.
FX sum 28-11-14In US dollar trading, dealers bought US$35,565,489 compared to US$20,915,015 on Thursday. The buying rate for the US dollar gained 19 cents to $113.13 and US$29,379,322 was sold versus US$18,955,032 on Thursday. The selling rate climbed 5 cents to $113.59. The Canadian dollar buying rate fell 31 cents to $97.83 with dealers buying C$1,316,08 and selling C$704,733, at an average selling rate that declined 57 cents, to $99.66. The rate for buying the British Pound rose 17 cents to $175.97, for the purchase of £1,665,720, while £718,932 was sold, the rate climbed 35 cents to $178.19. Other currencies bought, amounted to the equivalent of US$130,742 while the equivalent of US$148,673, was sold.
FX hl 28-11-14Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $113.75, the lowest buying was unchanged at $93.10. The highest selling rate put on 33 cents to $119.63, but the lowest selling rate climbed 37 cents to $95.31. The highest buying rate for the Canadian dollar gained 30 cents to $100.80, the lowest buying rate closed up 8 cents to $80.59. The highest selling rate put on 11 cents to $103.90 and the lowest selling rate remained at $97. The highest buying rate for the British Pound, was off 10 cents to $178.70. The lowest buying rate rose 33 to $144.42, the highest selling rate fell $3.72 to $182.03 and the lowest selling rate climbed $1 to $174.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , ,

J$ lost ground on Thursday as volumes fall

November 27, 2014 by

The Jamaican dollar lost ground against the British pound, the US dollar, but picked up against the Canadian dollar, on Thursday. Authorized dealers purchased the equivalent of only US$23,655,831 versus US$31,732,868, on Wednesday, and sold the equivalent of US$20,111,379 compared with US$31,966,559 on Wednesday.
FX sum 27-11-14 FIn US dollar trading, dealers bought US$20,915,015 compared to US$28,285,332 on Wednesday. The buying rate for the US dollar gained 2 cents to $112.94 and US$18,955,032 was sold versus US$30,430,998 on Wednesday. The selling rate climbed 5 cents to $113.54. The Canadian dollar buying rate rose 6 cents to $98.14 with dealers buying C$1,103,035 and selling C$435,771, at an average selling rate that declined 21 cents, to $100.23. The rate for buying the British Pound fell 9 cents to $175.80, for the purchase of £1,057,396, while £416,104 was sold, the rate climbed 33 cents to $178.54. Other currencies bought, amounted to the equivalent of US$136,316, while the equivalent of US$117,294, was sold.
FX HL 27-11-14Highs & Lows| The highest buying rate for the US dollar, closed 2 cents higher at $113.72, the lowest buying and highest selling rates are unchanged at $93.10 and $119.30 respectively, but the lowest selling rate dropped back $15.56 to $94.94. The highest buying rate for the Canadian dollar fell 30 cents to $100.50, the lowest buying rate and highest selling rates are unchanged at $80.51 and $103.79 respectively. The lowest selling rate fell 55 cents to $97. The highest buying rate for the British Pound, was off 20 cents to $178.80. The lowest buying rate rose 83 to $144.09, the highest selling rate jumped $1.07 to $185.75 and the lowest selling rate slipped $1.25 to $173.

Filed Under: FX Market, Stock Market Tagged With: , , , , , , ,