Tuesday, 13th August 2013 | The forex market returned to normality with sales and purchasing of foreign currency almost equal but with a slight bias to selling over buying by a million dollars as US$31 million was bought and US$32 sold. The market may well be settling down as can be seen from the fairly stable rates this week and may remain that way for the rest of August. Thereafter it will depend on the central bank and what it plans to do in providing liquidity from September to November, a historic period of less foreign currency inflows.

Just as was the case on Monday, rates for changing the currencies remained fairly settled as 16 cents was added to the buying rate for the US dollar which ended at $101.29 with only a cent increase for the selling rate of $101.87. The Canadian dollar rate dropped by 51 cents on the buy side to end at $96.66 and 56 cents on the selling rate to close at $98.23. It took 42 cents less for dealers to purchase the Pound at $155.03 and 9 cents less when they sold it at an average of $157.88.

Highest lowest | Movements in the highs and lows were mixed and were well contained except for the lowest selling rate for the pound which increased by $2.50 and closed at $152.50. The highest buying rate for the Pound was lower by 35 cents to $157.75 and the highest sell rate fell by 48 cents to reach $164.73. The lowest buy rate slipped by 37 cents to $127.78.

Buying of the US dollar was as much as $102.15, a decrease of 35 cents over the prior rate but the lowest rate paid by them inched up by 8 cents at $83.75. Selling took place as high as $107.32, while they sold the dollar as low as $83.67, the same rates as on Monday.

The Canadian currency fetched as high as $99, just 10 cents lower than on Monday but the lowest rate was $79.76, up just 8 cents. It took 11 cents more when selling at the highest rate of $102.83 and 80 cents less for the lowest sell rate of $95.20.

Monday, 12th August 2013 | Today was characterised by large selling of US dollars by authorised dealers as the equivalent of US$60.6 million was sold against US$45.5 million bought. The rates for changing the currencies remained fairly settled as just 8 cents was shaved off the buying rate for the US dollar with no change for the selling rate. The Canadian dollar increased by 19 cents on the buy side and 13 cents on the selling rate. It took 44 cents more for dealers to purchase the Pound but sales were done at 54 cents less.

Highest lowest | Buying of the US dollar took place as much as $102.50, an increase of 35 cents over the prior rate but the lowest rate paid by them remained unchanged at $83.67. Selling took place as high as $107.32, which is an 11 cents increase while they sold the dollar as low as $83.67, off by $1.98.

The Canadian currency fetched a high of $99.10 when bought by dealers, just 5 cents lower than on Friday but the lowest the dealers bought the Maple leaf currency for was $79.68 up $1 and it took 64 cents more for selling at the highest rate of $102.72 and $1.60 more for the lowest sell rate of $96.

The rates for the Pound were mostly lower except for the highest buying rate, which climbed by 96 cents to $165.21 and the lowest sell rate that fell by $1.95 to reach $150. The highest buy rate slipped by 40 cents and the lowest by 13 cents.

Friday, 9th August, 2013 | Selling of foreign currency on Friday was higher than normal as US$48 million was sold but buying was only $32 million, nearly US$16 million more, thus wiping out the surplus of funds traded on Monday and Wednesday.

The actual amount of US currency traded was $28.6 million purchased with $45.3 million sold. The buying rate inched up by 6 cents to $101.21 and the selling rate moved up by 2 cents to settle at $101.85. The Canadian dollar buying rate increased by 78 cents to $96.99 and selling rose by 33 cents to close at $98.66. The average rate for the Pound rose by 17 cents for buying the British currency which closed at $155.01 and the average selling rate rose by 43 cents to $158.51.

Authorised dealers bought the US dollar at the highest for 5 cents more at $102.15 but the lowest buying rate remained unchanged at $83.67. The high rate for selling did not change to close at $107.21 but the lowest rate for selling was up $13.35 at $85.65.

The highest rate for buying the Canadian currency climbed 45 cents to $99.15 while the highest selling rate was up 22 cents and closed $102.08, the lowest buying rate remained flat at $78.68 and the lowest selling rate was down by 40 cents to $94.40.

The highest buying rate for the Pound edged down by 10 cents to $158.50 and lowest buying rate moved down by 87 cents to $128.28 while the highest selling rate remained flat at $164.25 there while  the lowest selling rate moved up $2.95 to $151.95.

Thursday, 8th August 2013 | There was a bit more selling of foreign currency on Thursday than amounts bought. The equivalent of US$34.4 million was purchased and the equivalent of US$36.5 million was sold. The actual amount of US currency traded was $29.9 million purchased with $33.2 being million sold.

The buying rate for the US dollar eased by 7 cents to $101.16 and the selling rate moved down by 2 cents to settle at $101.83. The Canadian dollar rate for buying increased by 22 cents and selling rate moved up by 71 cents.  The average rate settled at $96.21 buying and selling at $98.33. The average rate for the Pound rose by 19 cents for buying the currency which closed at $154.85 and the average selling rate rose by $1.56 to $158.08.

Authorised dealers bought the US dollar at $4.27 less at $102.10 for the highest rate but the lowest buying rate was flat at $83.67. The high for selling remain unchanged at $107.21 but the lowest rate for selling rose by $15.33 to close at $99.

The highest buying rate for the Canadian currency fell 20 cents to $98.70 while the highest selling rate decreased by 34 cents to $101.86 and the lowest buying rate fell by 40 cents to $78.68 and the lowest selling rate was down 50 cents to $94.80.

The highest buying rate for the Pound grew by 70 cents to $158.60 and lowest buying rate moved up by $1.66 to $127.41 while the highest selling rate increased by $1.24 to $164.25, there was no change in the lowest selling rate.

Wednesday, 7th August 2013 | Foreign exchange trading on Wednesday was higher than normal as it benefited from increase amounts based on the closure of the market on Independence Holiday, on Tuesday. Buying amounted to the equivalent of US$47.6 million and the equivalent of US$39.6 million sold. The actual amount of US currency traded was $43.2 million purchased with $37.4 million sold. The buying rate inched up by 6 cents to $101.22 and the selling rate moved up by 5 cents to settle at $101.86.

Authorised dealers bought the US dollar for $3.57 more, at $106.37 but the lowest buying rate rose by $2.98 to $83.67. The highest rate for selling increased by $2.67 to close at $107.21 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rate for buying fell by 8 cents and selling fell by 34 cents.  The rate settled at $95.99 buying and selling at $97.62. The highest buying rate for the Canadian currency fell 10 cents to $98.90 while the highest selling rate increased by 64 cents to $102.08, the lowest buying rate fell by 16 cents to $79.02 and the lowest selling rate was up by 50 cents to $95.20.

The average rates for the Pound rose by 92 cents for buying the currency which closed at $154.65 and the average selling rate rose by 46 cents to $156.52. The highest buying rate for the Pound grew by $1.50 to $15.90 and lowest buying rate moved up by $2.30 to $125.75 while the highest selling rate increased by $3.53 to $163.01 there was no change in the lowest selling rate.

Monday, 5th August 2013 | Monday was a big day in the forex market with the equivalent of US$55 million being purchased and US$48.7 million being sold. The actual amount of US currency traded was $48.98 million with $45.2 million sold. The buying rate inched up by 13 cents to $101.16 and the selling rate slipped by 4 cents to settle at $101.81. Authorised dealers bought the US dollar at 60 cents more at $102.80 but the lowest buying rate rose by $3.08 to $80.69. The high for selling declined by $2.67 to close at $104.54 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rates for buying and selling fell as buying rate cost 25 cents less than the price on Friday at $96.07 and selling was 34 cents less at $97.61. The highest buying rate fell 40 cents to $99 while the highest selling rate declined by $1.44 to $101.44 and the lowest buying rate increased by $1.53 to $79.18 and the lowest selling rate was down by $1.22 to $94.70.

The average rates for the Pound rose by $2.16 for buying the currency which closed at $153.73 and the sell rate rose by 89 cents to $156.06.

Friday, August 2nd, 2013 | The last two weeks to August 2nd were very good for the foreign exchange market as authorised dealers purchased US$21 more than they sold in the holiday shortened week on top of US$16 million more purchased than sold in the week ending the 26th of July. In weeks ending 12th and 19th of July, foreign currency dealers bought nearly $15 million more than they sold. with buying and selling being even in the 1st week of the month.

There was more buying than selling for all r days of trading this week. On Friday, US$2.6 million more was purchased than the amount sold, up from nearly US$10 million on Wednesday. Overall buying accounted for US$32.3 million and selling US$29.7 million on Friday.

Rates |The US dollar selling rate remained firm at $101.85 but all other spot rates declined with the buying rate for the US dollar falling by 33 cents to $101.03, that for the Canadian declined by $1.03 to close at $96.32 and the Pound Sterling lost $2 to $151.57. The Canadian selling rate slipped by 79 cents to $98.30 and the Pound by 97 cents to $155.17.

Dealers bought the US dollar as high as $102.20, down 30 cents and as low as $77.61, a decline of $6.06. It cost dealers 20 cents more to purchase the Canadian dollar at $99.40, the highest price paid and 15 cents less for the lowest price at $$77.95. For the pound, $155.70 the highest price but there was no change from the previous days rate, but the lowest buying rates slipped back by $1.82 to $123.97. On the sell side there was no charge for the US dollar from the day before, while the Canadian dollar cost 11 cents less at $102.88, the highest rate and 23 cents less for the lowest rate which ended at $95.92. The Pound was more expensive for the highest and lowest selling rates as the former increased by $3.86 to $162.16 and the lowest was up 85 cents to $150.60.

Wednesday, 31 July 2013 | The forex market was quite buoyant on Wednesday as selling of foreign currencies was far less than buying with the equivalent of US$46.95 million bought and only US$37.15 sold.

The selling rates eased by 1 cents for the US dollar and 79 cents for the Canadian and was up 50 cents for the Pound, which saw more selling than the amount purchased by £300,000, there was US$10 million less selling than buying. The Canadian dollar saw C$1.36 being purchased versus C$882,000 sold. Buying rate for the US dollar climbed by 13 cents to $101.36, the Canadian slipped by 93 cents to $97.35 and the Pound was off by 38 cents to $153.58.

The highest and lowest rates for the three main currencies were most soft with the US dollar increasing 30 cents on the highest buy rate but was flat for the lowest buy and the highest buy rates and fell back by $15.16 on the lowest selling rate. The Canadian fell for both buying rates by $1.10 and 74 cents respectively there was no change to the highest selling rate but the lowest rose by 75 cents to $96.50. All the rates for the pound fell between $4.82 for the highest selling rate to 74 cents for the lowest buy rate.

Tuesday, 30th July 2013 | Jamaicans got the US dollar for the same price as Monday at $101.86 and sold the currency for just 2 cents less on average to authorised dealers as US$28.6 million were purchased against US$27.1 million sold. Overall for all currencies traded US$34 million was purchased against US$31.7 sold on a day when the sale of Canadian was more than the amount purchased by just over C$1 million but the buying and selling rates for that currency slipped by 6 cents for the buying rate and 5 cents for the selling rate. There was more than a million pounds purchased than sold with the selling rate falling 76 cents to $155.64 and the buying rate moving up by 56 cents to $153.96.

Highest rates traded in buying the currencies were for the US dollar $102.20 down 30 cents, Canadian $100.30 up 55 cents, Pound sterling $156.70 down 40 cents while the lowest buying rates were the US dollar $83.67 an increase of 17 cents, Canadian $79.85 no change and the Pound sterling $126.53 down 5 cents.

Highest rates traded in selling the currencies were for the US dollar $107.21 same as the day before, Canadian $102.99 up 6 cents, Pound sterling $163.12  down 5 cents, while the lowest selling rates were the US dollar $98.83 up $15.16,  Canadian $95.40 up $1.28 and Pound sterling $151.45 up by $2.05.

Monday, 29th July 2013 | Monday was a buoyant day in Forex trading, as buying exceeded selling of all the currencies by US$6 million and the actual trading of US dollars resulted in $42.5 million being purchased and $37.64 being sold at rate that were very close to the closing rate on Friday.

There was more Canadian selling than buying as the buying rate moved up by 12 cents to $98.34 and the selling rate by 10 cents to $99.94. The Pound sterling closed at a selling rate of J$156.40 to a Pound as it lost 18 cents in the process while buying took place by authorised dealers at J$153.40 $1 less than on Friday.

Highest rates traded in buying the currencies were for the US dollar $102.50 up 35 cents, Canadian $99.75 down 25 cents, Pound sterling $157.10 an increase of 33 cents while the lowest buying rates were the US dollar $83.50 no change, Canadian $79.85, up 25 cents and the Pound sterling $126.58 up 75 cents.

Highest rates traded in selling the currencies were for the US dollar $107.21 up 21 cents, Canadian $102.93, Pound sterling $163.17 while the lowest selling rates were the US dollar $83.67 down $14.83, Canadian $94.12 down 38 cents and Pound sterling $149.40 a reduction of $2.10.