Dealers sold £11 million, the equivalent of US$16 million in trading on the Jamaican foreign exchange market on Tuesday. The selling rate jumped by $5.42 to over J$180 and the highest rate for selling the pound ended at J$184.57. The amount sold, is much higher than the regular daily intake, and much less than the average sales, that tends to be well under a million Pounds.
Over the last week, just under £5 million more was purchased by dealers than they sold as demand for Pounds tend to be less than the inflows. The most likely buyer for the bulk of the trade, would be the Bank of Jamaica.
The market closed with dealers buying the equivalent of US$28,998,834 and selling US$45,337,734, with US$16 million of the sales being the sell-off of the Pound, in contrast to US$48,999,565 purchased and US$43,396,687 sold on Monday.
In US dollar trading, dealers bought US$25,822,561 compared to US$45,983,812 on Monday, as the buying rate for the US dollar fell 15 cents to $122.93. A total of US$28,682,783 was sold versus US$42,353,389 on Monday with the selling rate rising 11 cents to $123.95. The Canadian dollar buying rate climbed 56 cents to end at $92.42 with dealers buying C$1,025,619 and selling C$475,586, at an average rate that declined 73 cents to $94.62. The rate for buying the British Pound rose $1.41 to $175.44 for the purchase of £1,573,961, while a big sell off of £11,043,238, the equivalent of US$16 million took place, with the rate jumping by $5.42 to $180.14.
At the end of trading, the selling rate for Euro, fell 21 cents to close at J$141.16, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.18, a fall of 24 cents from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$159,077 being bought, while US$241,629 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Tuesday are, a decline of $1 in the highest buying rate of Canadian dollar to end at $95 and a fall of $5.50 in the lowest selling rate to end at $84.50. A fall of $1 in the highest buying rate for the British Pound to $178.30 and a rise of $1.10 in the lowest selling rate to $170.50.

Trading in the foreign exchange market on Tuesday resulted in the Jamaican dollar declining against the three majors, the Jamaican dollar trade against, compared to the closing rates on Monday. The market closed with dealers buying the equivalent of US$37,190,702 and selling US$42,292,086, in contrast to US$47,848,516 purchased and US$41,089,504 sold on Monday.
In US dollar trading, dealers bought US$31,194,045 compared to US$42,244,916 on Monday, as the buying rate for the US dollar fell 1 cent to close at $121.95. A total of US$35,486,211 was sold versus US$34,358,438 on Monday, the selling rate rose 21 cents to $122.89. The Canadian dollar buying rate rose 71 cents to end at $96.68 with dealers buying C$2,340,556 and selling C$5,564,128, at an average rate that rose $1.30 to $99.95. The rate for buying the British Pound climbed $2.29 to $176.32 for the purchase of £2,753,016, while £1,523,771 was sold, as the rate rose $2.82 to $179.61.
At the end of trading, the selling rate for Euro, rose 36 cents to close at J$138.25, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.37 for a rise of 32 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$160,813 being bought, while US$53,478 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the currencies on Tuesday are, a fall of $1.81 in the lowest selling rate of the US dollar to end at $100.03, a rise of $1 in the lowest selling rate of the Canadian dollar to $91, a rise of $3.20 in the highest buying rate for the British Pound to $181.50 and a rise of $1.24, in the highest selling rate to $184.30 and a rise of $4 in the lowest selling rate to $170.

Trading in the foreign exchange market on Monday resulted in the Jamaican dollar declining slightly against the US dollar but holding firm versus Canadian dollar while slipping, compared to the closing rate on Friday, for the Pound. The market closed with dealers buying the equivalent of US$47,848,516 and selling US$41,089,504, in contrast to US$33,234,559 purchased and US$36,327,045 sold on Friday.
In US dollars trading, dealers bought US$42,244,916 compared to US$30,697,232 on Friday, as the buying rate for the US dollar fell 2 cents to close at $121.96. A total of US$34,358,438 was sold versus US$33,977,802 on Friday, the selling rate rose 1 cent to $122.68. The Canadian dollar buying rate jumped $3.04 to end at $95.97 with dealers buying C$2,945,603 and selling C$5,217,053, at an average rate that rose $1 to $98.65. The rate for buying the British Pound climbed $1.78 to $174.03 for the purchase of £2,205,859, while £1,504,411 was sold, as the rate rose $1.76 to $176.79.
At the end of trading, the selling rate for Euro, fell 56 cents to close at J$137.89, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.05 for a fall of 60 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$137,980 being bought, while US$368,121 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the currencies on Monday are, a jump of $1.97 in the lowest selling rate of the US dollar to end at $101.84, a rise of $2 in the lowest selling rate of the Canadian dollar to $90, a rise of $1.10 in the highest buying rate for the British Pound to $178.30 and a fall of $2.50, in the lowest selling rate to $166.

Trading in the foreign exchange market on Thursday resulted in the Jamaican dollar declining in value for the fourth time this week. The market closed with dealers buying the equivalent of US$32,674,699 and selling US$31,565,070, in contrast to US$33,990,180 purchased and US$38,856,139 sold on Wednesday.
In US dollars trading, dealers bought US$29,806,276 compared to US$30,872,138 on Wednesday, as the buying rate for the US dollar added 11 cents to end at $121.98. A total of US$26,974,270 was sold versus US$36,566,568 on Wednesday, the selling rate rose 9 cents to $122.64. The Canadian dollar buying rate rose 25 cents to end at $94.93 with dealers buying C$1,587,124 and selling C$5,087,645, at an average rate that was up 74 cents to $97.65. The rate for buying the British Pound rose 4 cents to $172.27 for the purchase of £1,109,310, while only £337,379 was sold, as the rate fell $1.84 to $173.03. At the end of trading, the selling rate for Euro, fell 42 cents to close at J$138.89, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.05 for a fall of 13 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$66,687 being bought, while US$63,768 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the currencies on Thursday are, a fall of $15.61 in the lowest selling rate of the US dollar to $84.26, a rise of $1 in the lowest selling rate of the Canadian dollar to $88, a decline of $1.30 in the highest buying rate for the British Pound to $176.20 and an increase of $1 in the lowest selling rate to $166.

Trading in the foreign exchange market resulted in the Jamaican dollar losing some more value on Wednesday for the third time this week. The market closed with dealers buying the equivalent of US$33,990,180 and selling US$38,856,139, in contrast to US$29,032,584 purchased and US$51,852,594 sold on Tuesday.
In US dollars trading, dealers bought US$30,872,138 compared to US$25,427,548 on Tuesday, as the buying rate for the US dollar added 33 cents to end at $121.87. A total of US$36,566,568 was sold versus US$47,856,185 on Tuesday, the selling rate rose 9 cents to $122.55. The Canadian dollar buying rate rose 20 cents to end at $94.68 with dealers buying C$1,476,932 and selling C$1,354,910, at an average rate that fell 59 cents to $96.91. The rate for buying the British Pound rose by 68 cents to $172.23 for the purchase of £1,299,462, while £637,723 was sold, as the rate rose $2.08 to $174.87. At the end of trading, the selling rate for Euro, rose 72 cents to close at J$139.31, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.19 for a rise of 40 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$134,236 being bought, while US$308,070 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the currencies on Wednesday are, a jump of $16.57 in the lowest selling rate of the US dollar to $118.80, a rise of $1 in the highest buying rate for the British Pound to $177.50, an increase of $1.03 in the lowest buying rate to $140.06, a rise in the in the highest selling rate by $1.35 to $182.25, while the lowest selling rate fell $1 to $165.

Trading in the foreign exchange market resulted in the Jamaican dollar losing value on Friday compared to the rate of the three main currencies it trades against. The market closed with dealers buying the equivalent of US$38,302,803 and selling US$39,620,292, in contrast to US$39,840,995 purchased and US$40,874,638 sold on Thursday.
In US dollars trading, dealers bought US$34,701,116 compared to US$36,706,474 on Thursday, as the buying rate for the US dollar fell 3 cents to close at $121.69. A total of US$36,856,764 was sold versus US$38,957,868 on Thursday, the selling rate rose 6 cents to $122.30. The Canadian dollar buying rate rose 33 cents to end at $94.40 with dealers buying C$2,957,976 and selling C$2,739,325, at an average rate that rose 43 cents to $95.50. The rate for buying the British Pound rose by 25 cents to $169.14 for the purchase of £864,594, while £263,164 was sold, as the rate rose 8 cents to $170.54. At the end of trading, the selling rate for Euro, fell 14 cents to close at J$137.68, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.04 for a fall of 4 cents on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$105,393 being bought, while US$257,435 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a fall of $1.80 in the lowest selling rate for the Canadian dollar to $87.20, while the highest buying rate for the British Pound jumped by $4.86 to $177.06 and the lowest selling rate rose $1 to $166.

Trading in the foreign exchange market resulted in the Jamaican dollar mostly losing value on Thursday except for the Pound. The market closed with dealers buying the equivalent of US$39,840,995 and selling US$40,874,638, in contrast to US$34,586,838 purchased and US$34,218,881 sold on Wednesday.
In US dollars trading, dealers bought US$36,706,474 compared to US$31,495,963 on Wednesday, as the buying rate for the US dollar added 18 cents to close at $121.72. A total of US$38,957,868 was sold versus US$33,131,671 on Wednesday, the selling rate gained 9 cents to $122.24. The Canadian dollar buying rate rose $2.33 to end at $94.07 with dealers buying C$2,396,649 and selling C$1,831,351, at an average rate that rose 57 cents to $95.07. The rate for buying the British Pound declined $1.05 to $168.89 for the purchase of £872,301, while £320,878 was sold, as the rate slipped $1.43 to $170.46. At the end of trading, the selling rate for Euro, fell $1 to close at J$137.82, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.08 for a fall of 88 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$71,972 being bought, while US$45,047 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a fall of $1.70 in the lowest buying rate for the Canadian dollar to $73, rise of $1.49 in the highest selling rate to $99.04 and rise of $2 in the lowest selling rate to end at $89, while the highest buying rate for the British Pound fell $1.55 to $172.20.

Trading in the foreign exchange market resulted in the Jamaican dollar mostly losing value on Wednesday. The market closed with dealers buying the equivalent of US$34,586,838 and selling US$34,218,881, in contrast to US$35,396,058 purchased and US$38,476,966 sold on Tuesday.
In US dollars trading, dealers bought US$31,495,963 compared to US$31,090,615 on Tuesday, as the buying rate for the US dollar added 20 cents to close at $121.54. A total of US$33,131,671 was sold versus US$35,644,274 on Tuesday, the selling rate gained 11 cents to $122.15. The Canadian dollar buying rate fell 81 cents to end at $91.74 with dealers buying C$899,468 and selling C$554,164, at an average rate that rose 11 cents to $94.50. The rate for buying the British Pound declined $1.55 to $169.94 for the purchase of £1,624,060, while £338,521 was sold, as the rate slipped 51 cents to $171.89. At the end of trading, the selling rate for Euro, fell 81 cents to close at J$138.82, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.96 for a fall of 79 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$141,104 being bought, while US$182,081 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Wednesday are, a fall of $2.30 in the lowest selling rate of the Canadian dollar to $87 and a fall in the lowest selling rate for the British Pound of $1.20 to $165.