Trading in the Jamaican foreign exchange market on Thursday resulted inflows of US$48.44 million in contrast to US$57.76 million on Wednesday and outflows of US$37.65 million compared to US$45.81 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $12 million, which is almost in line with the net inflows.
In USA dollar trading, inflows ended at US$42.03 million versus US$48.22 million on Wednesday, with outflows of US$34.14 million compared to US$40.11 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate ending at J$128.44 from J$128.36 previously. Dealers bought the US currency at an average of J$127.36, versus J$127.39 on Wednesday.
The selling rate for the Canadian dollar climbed to J$101.30 from J$101.01 at the close on Wednesday, while the British Pound was more costly at the close, with J$167.68 buying the British currency versus J$167.14 and the euro, declined in value against the Jamaican dollar, with it taking J$151.67 to buy the European common currency , versus J$151.74 previously.
Forex inflows down to US$48M – Thursday
Forex inflows still high – Wednesday
Trading in the Jamaican foreign exchange market on Wednesday resulted inflows of US$57.76 million in contrast to US$69.11 million on Tuesday and outflows of US$45.81 million compared to US$45.43 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $14 million, US$2 million more than the net inflows of US$12 million.
In USA dollar trading, inflows ended at US$48.22 million versus US$60.09 million on Tuesday, with outflows of US$40.11 million compared to US$39.85 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate ending at J$128.36 from J$128.28 previously. Dealers bought the US currency at an average of J$127.39, versus J$127.21 on Tuesday.
The selling rate for the Canadian dollar dropped to J$101.01 from J$102.02 at the close on Tuesday, while the British Pound was slightly less costly at the close, with J$167.14 buying the British currency versus J$167.15 and the euro, rose in value against the Jamaican dollar, with it taking J$151.74 to buy the European common currency , versus J$151.31 previously.
Jamaican dollar slips slightly – Tuesday
Trading in the Jamaican foreign exchange market resumed on Tuesday after the holiday on Monday and resulted inflows of US$69.11 million in contrast to US$44.65 million on Friday and outflows of US$45.43 million compared to US$35.11 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $17 million, US$6 million less than the net inflows of US$23.68 million.
In USA dollar trading, inflows ended at US$60.09 million versus US$36.97 million on Friday, with outflows of US$39.85million compared to US$28.73 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.28 from J$128.23 previously. Dealers bought the US currency at an average of J$127.21, versus J$127.17 on Friday.
The selling rate for the Canadian dollar slipped to J$102.02 from J$102.57 at the close on Friday, while the British Pound was less costly at the close, with J$167.15 buying the British currency versus J$167.81 and the euro, declined in value against the Jamaican dollar, with it taking J$151.31 to buy the European common currency , versus J$151.88 previously.
Jamaican dollar gains value – Friday
Trading in the Jamaican foreign exchange market on Friday resulted in inflows of US$44.65 million, in contrast to US$44.28 million on Thursday and outflows of US$35.11 million compared to US$46.34 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million.
In USA dollar trading, inflows ended at US$36.97 million versus US$37.42 million on Thursday, with outflows of US$28.73 million compared to US$40.88 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.23 from J$128.27 previously. Dealers bought the US currency at an average of J$127.17, down from J$127.23 on Thursday.
The selling rate for the Canadian dollar slipped to J$102.57 from J$102.79 at the close on Thursday, while the British Pound was less costly at the close, with J$167.81 buying the British currency versus J$168.51 and the euro, declined in value against the Jamaican dollar, with it taking J$151.88 to buy the European common currency , versus J$152.05 previously.
More forex sold than bought in Jamaica
Trading in the Jamaican foreign exchange market on Thursday, resulted in inflows of US$44.28 million in contrast to US54.48 million on Wednesday and outflows of US$46.34 million compared to US$40.55 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million and would require the dealers to cover the difference by the middle of the coming week.
In USA dollar trading, inflows ended at US$37.42 million versus US$50.77 million on Wednesday, with outflows of US$40.88 million compared to US$38.99 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.27 from J$128.29 previously. Dealers bought the US currency at an average of J$127.23, up from J$127.30 on Wednesday.
The selling rate for the Canadian dollar increased to J$102.79 from J$102.19 at the close on Wednesday, while the British Pound was less costly at the close, with J$168.51 buying the British currency versus J$169.15 and the euro, rose in value against the Jamaican dollar, with it taking J$152.05 to buy the European common currency , versus J$151.78 previously.
US$54.5m flowed into Jamaica’s forex market
Trading in the Jamaican foreign exchange market resumed on Wednesday after the holiday on Tuesday and resulted in inflows of US54.48 million in contrast to US$51 million on Monday.
Dealers sold US$40.55 million compared to US$39.7 million of all currencies on Monday. Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $13.6 million which equates to the difference between the amount bought and sold via the public on Wednesday.
In USA dollar trading, inflows ended at US$50.77 million versus US$45 million on Monday, with outflows of US$38.99 million compared to US$35.7 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.29 from J$128.22 previously. Dealers bought the US currency at an average of J$127.30, up from J$126.99 on Monday.
The selling rate for the Canadian dollar declined to J$102.19 from J$103.09 at the close on Monday, while the British Pound was more costly at the close, with J$169.15 buying the British currency versus J$167.54 and the euro, rose in value against the Jamaican dollar, with it taking J$151.78 to buy the European common currency , versus J$151.38 previously.
Moderate loss in value for J$ – Thursday
The value of the Jamaican dollar declined modestly in value against the US dollar on Thursday, with the selling rate for the US dollar ending at J$128.28 from J$128.22 previously. Dealers bought the US currency at an average of J$127.26 down from JS$127.47 on Wednesday.
Inflows into the Jamaican foreign exchange market rose slightly on Thursday to US$44.2 million from US$43.8 million on Wednesday with outflows of US$35 million up from $28.4 million on Wednesday.
In USA dollar trading, inflows into the system ended at US$35.80 million on Thursday versus US$41.4 million on Wednesday, with outflows of US$27.13 million compared to US$27.1 million.
The selling rate for the Canadian dollar rose to J$103.77 from J$102.58 at the close on Wednesday, while the British Pound was less costly at the close, with J$166.22 buying the British currency versus J$167.32 and the euro, fell in value against the Jamaican dollar, with it taking J$149.30 to buy the European common currency on, versus J$149.73 previously.
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J$ rose in value modestly – Wednesday
The value of the Jamaican dollar gained modestly in value against the US dollar on Wednesday with the selling rate for the US dollar ending at J$128.22 from J$128.29 previously. Dealers bought the US currency at an average of J$127.47 up from JS$127.14 on Tuesday.
Inflows into the Jamaican foreign exchange market dipped on Wednesday to US$43.8 million from US$46.3 million on Tuesday with outflows of US$28.4 million up from $47 million on Tuesday.
In USA dollar trading, inflows into the system ended at US$41.4 million on Wednesday versus US$38.3 million on Tuesday, with outflows of US$27.1 million compared to US$36.7 million.
The selling rate for the Canadian dollar declined to J$102.58 from J$104.94 at the close on Tuesday, while the British Pound was more costly at the close, with J$167.32 buying the British currency versus J$167.20 and the euro, fell in value against the Jamaican dollar, with it taking J$149.73 to buy the European common currency on, versus J$150.25 previously.
Trading in the Jamaican foreign exchange market on Monday resulted inflows of US51 million in contrast to US$44.4 million on Friday and outflows of US$39.7 million compared to US$30.4 million of all currencies on previously and resulted in net inflows for July ended at US$189 million.
Trading in the Jamaican foreign exchange market resulted inflows for week being the highest for any other week in July. Inflows ended at US241 million some $21 million more than for the second week. Outflows of US$183 million were just US$1 million more than for the previous week.
Dealers bought the US currency at an average of J$127.26 the same as on Thursday.