The value of the Jamaican dollar lost 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$127.14 down from JS$127.46 on Monday.
Inflows into the Jamaican foreign exchange market fell back to more normal levels on Tuesday to US$46.3 million from US$61.79 million on Monday with outflows of US$47 million up from $41.8 million on Monday.
In USA dollar trading, inflows into the system ended at US$38.3 million on Tuesday versus US$56.4 million on Monday, with outflows of US$36.7 million compared to US$36.6 million on Monday.
The selling rate for the Canadian dollar rose to J$104.94 from J$103.12 at the close on Monday, while the British Pound was less costly at the close, with J$167.20 buying the British currency versus J$165.90 and the euro, rose in value against the Jamaican dollar, with it taking J$150.25 to buy the European common currency on, versus J$148.21 previously.
J$ lost value on Tuesday
Jamaican$ value inch higher
The value of the Jamaican dollar gained modestly against the US dollar on Thursday with the selling rate for the US dollar ending at J$128.33 from J$128.35 previously. Dealers bought the US currency at an average of J$127.21 down from JS$127.27 on Wednesday.
Inflows into the Jamaican foreign exchange market increased slightly by US$2.5 million on Thursday compared to the same day last week, but selling by dealers rose US$8 million compared to last week. For the week to Thursday the inflows are running well behind last week’s inflows for the same period while outflows are in line.
On Wednesday, dealers purchased US$39.6 million compared to US$34.3 million bought and sold US$37.9 million, of all currencies compared to US$33.5 million sold on previously. In USA dollar trading, inflows into the system ended at US$33 million versus US$29.2 million on Wednesday, while selling amounted to US$29.6 million versus US$30.2 million on the prior trading day.
The selling rate for the Canadian dollar rose to J$103.14 from J$102.01 at the close on Wednesday, while the British Pound was more costly at the close, with J$167.83 buying the British currency versus J$166.99 on Wednesday and the euro, rose against the Jamaican dollar, with it taking J$149.06 to buy the European common currency on, versus J$147.16 previously.
Jamaican$ gains as net inflows rise – Wednesday
A net increased inflows of foreign currency entered the Jamaican foreign exchange market on Wednesday, leading to the value of the Jamaican dollar gaining 9 cents against the United States dollar. At the close, the United States currency was being sold at an average of J$128.30, down from J$128.39 on Tuesday.
In Wednesday’s trading on foreign currency market dealers bought the US currency at an average of J$127.53, up slightly from JS$127.52 previously. Dealers bought the equivalent of US$15 million more funds than they sold, up from US$8 million on the prior trading day bring the surplus for the week to US$37 million.
Dealers purchased US$47.87 million and sold US$32.54 million, of all currencies on Wednesday. On Tuesday, US$47.77 million entered the market and US$39.4 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$41.3 million versus US$42.4 million on Tuesday, while selling amounted to US$27.9 million versus US$33.2 million on Tuesday.
The selling rate for the Canadian dollar rose to J$100.04 from J$99.73 at the close on Tuesday, while the British Pound cost less at the close on Wednesday, with J$164.23 buying the British currency versus J$165.86 on Tuesday and the Jamaican dollar jumped in value against the euro, with it taking J$146.28 to buy the European common currency on Wednesday versus Tuesday’s rate of J$149.03.
Jamaican dollar value slips – Tuesday
The value of the Jamaican dollar slipped by 2 cents against the United States dollar rising to J$128.39 from J$128.37 on Monday. Dealers bought the US currency at J$127.52 up from JS$127.49 previously.
On Tuesday’s trading in Jamaica’s foreign currency market saw the equivalent of US$8 million more funds coming into the system than left, down from US$13 million on the prior trading day bring the surplus for the week to US$21.4.
Dealers purchased US$47.8 million and sold US$39.4 million, of all currencies on Tuesday. On Monday, US$50.44 million entered the market and US$37.4 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$42.4 million versus US$46.3 million on Monday while selling amounted to US$33.2 million versus US$34.8 million on Monday.
The selling rate for the Canadian dollar fell to J$99.73 from J$99.98 at the close on Monday, while the British Pound cost more at the close on Tuesday, with J$165.86 buying the British currency versus J$163.85 on Monday and the Jamaican dollar fell in value against the euro, with it taking J$149.03 to buy the European common currency on Tuesday versus Monday’s rate of J$146.69.
Inflows into the Jamaican foreign exchange market jumped to the highest level in July to US$61.79 million on Monday with outflows of $41.8 million and helped in bringing the month’s surplus of all currencies traded to US$140 million.
Inflows into the Jamaican foreign exchange market at US$47.4 million on Friday was the highest for the week and so were outflows of $43.2 million but they helped in bringing the month’s surplus of all currencies traded to US$120 million, so far.
Dealers bought the US currency at an average of J$127.41 down from JS$127.21 on Thursday.
The value of the Jamaican dollar continues to climb against the US dollar as it heads towards the JS$127 band, with the selling rate for the US dollar falling to J$128.16 from J$128.22 previously. Dealers bought the US currency at an average of J$127.48, up from JS$127.28 on Monday.
Inflows into the Jamaican foreign exchange market rose during the past week, compared to the first week in July and selling by dealers dropped. Dealers purchased US$220 million of all currencies, US$6 million more than in the previous week and sold US$165 million, down $15 million for the same period.
USA dollar entered the system up from US$30 million in the first week of the month.
The Jamaican dollar gave back 9 cents of its value as measured by the average selling rate for the United States dollar on Thursday as net inflows into the Jamaican foreign exchange market declined on Thursday from the net position on Wednesday.
Dealers purchased US$37 million and sold US$29 million, of all currencies on Thursday. On Wednesday, US$47.87 million entered the market and US$32.54 million was sold to the public.