More gains for Jamaican dollar – Monday

Dealers in Jamaica’s foreign currency market saw the equivalent of US$13 million more funds coming into the system than left, helping to drive the value of Jamaican dollar further upwards with the selling rates of the United States dollar dropping to J$128.37, down from J$128.43 on Friday.
Dealers bought the United States dollar at J$127.49 up from JS$127.41 previously.
The positive net inflows on Monday continue the trend set for the prior week with surplus inflows on each day.
Dealers purchased US$50.44 million and sold US$37.4 million, of all currencies on Monday. On Friday, inflows into the market generated US$36.2 million in all currencies, while US$30.2 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$46.3 million versus US$32.3 million on Friday while selling amounted to US$34.8 million versus US$27 million on Friday.
The selling rate for the Canadian dollar rose to J$99.98 compared to J$99.79 at the close on Friday, while the British Pound cost less at the close on Monday, with J$163.85 buying the British currency versus J$165.19 on Friday and the Jamaican dollar gained value against the euro, with it taking J$146.69 to buy the European common currency on Monday versus Friday’s rate of J$148.09.

 

J$ resumes revaluation – Friday

After slipping modestly against the US dollar on Thursday the Jamaican dollar resumes its more than one month revaluation again on Friday, as inflows of foreign exchange continues to exceed outflows at an increasing rate.
Dealers sold the US dollar for an average that was 2 cents lower than on Thursday, to close at $$128.43 as US$36.2 million entered the market and US$30.2 million left, of all currencies on Friday. On Thursday, inflows into the market generated US$44.3 million in all currencies, while US$38.9 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$32.3 million versus US$30.9 million on Thursday while selling amounted to US$27 million compared to US$25.4 million on Thursday.
The week to Friday, netted US dollar equivalent of US$34.3 million while the in United States currency, the surplus ended at US$29.8 million. For the first full week in July, total inflows amounted to $214 million compared to US$192 million in June while outflows in July ended at US$180 versus US$170 million in June. Flows for the US dollar in July, ended with US$177.55 million flowing into the system and $147.7 million flowing out, compared to US$172.14 million and US$158.43 million respectively in June.
At the close, the Jamaican dollar value rose, with the selling rate of J$128.43 for one US dollar, down from J$128.45 it ended at on Thursday. Dealers bought the United States dollar at J$127.41 down from JS$127.49 previously.
The selling rate for the Canadian dollar climbed to J$99.79 compared to J$99.63 at the close on Thursday, while the British Pound cost less at the close on Friday with J$165.19 buying the British currency versus J$166.06 on Thursday and the Jamaican dollar gained value against the euro, with it taking J$148.09 to buy the European common currency on Friday versus Thursday’s rate of J$150.78.

 

J$ lose in FX trading – Thursday

Inflows of foreign exchange for the week to Thursday netted US dollar equivalent of $28 million while in United States currency, the surplus is US$24.5 million. Dealers bought the US dollar from a high of J$127.81 to a low of J$127.02, the average selling rate only moved between J$128.50 to $128.44 for the week so far.
On Thursday, dealers sold the US dollar for an average which was 1 cent higher than on Wednesday, to close at $$128.45, only the second day the rate moved up, in more than a month. On Thursday, US$44.3 million entered the market with US$38.9 million leaving, of all currencies. On Wednesday, inflows into the market generated just US$58.7 million in all currencies, while US$42.25 million was sold to the public.
At the close, the Jamaican dollar value slipped, with the selling rate of J$128.45 for one US dollar, down from J$128.44 it ended at on Wednesday. Dealers bought the United States dollar at J$127.49 down from JS$127.81 previously.
In USA dollar trading, inflows into the system ended at US$30.9 million versus US$46.87 million on Wednesday while selling amounted to only US$25.4 million compared to US$34.3 million on Wednesday.
The selling rate for the Canadian dollar climbed to J$99.63 compared to J$99.37 at the close on Wednesday, while the British Pound cost more at the close on Thursday with J$166.06 buying the British currency versus J$165.94 on Wednesday and the Jamaican dollar lost value against the euro, with it taking J$150.78 to buy the European common currency on Thursday versus Wednesday’s rate of J$147.8.

Big increase in FX trading – Wednesday

Trading levels, picked up sharply from the low levels on Tuesday, with US$58.7 million entering the market and US$42.25 million leaving. On Tuesday, inflows into the market generated just US$23.84 million in all currencies while US$22.52 million was sold to the public.
At the close of the market on Wednesday, the Jamaican dollar recorded moderate gains, with the selling rate of J$128.44 for one US dollar, down from J$128.46 it ended at on Tuesday. Dealers bought the United States dollar at J$127.81 up from JS$127.02.
In USA dollar trading, inflows into the system ended at US$46.87 million versus US$21.54 million on Tuesday while selling amounted to only US$34.3 million compared to US$20.36 million on Tuesday.
The selling rate for the Canadian dollar inched up to J$99.37 compared to J$98.01 at the close on Tuesday, while the British Pound cost less at the close on Wednesday with J$165.94 buying the British currency versus J$166.91 on Tuesday and the Jamaican dollar lost value against the euro, with it taking J$147.8 to buy the European common currency on Wednesday versus Tuesday’s rate of J$145.42.

 

Jamaican$ gains strenght

The Jamaican dollar regain more lost grounds against the United States dollar on Friday, with the selling rate ending at $129.01, down from $129.15 on Thursday as authorized dealers sold US$26.36 million against purchase of US$38.4 million at an average rate of $128.15.
Dealers bought a total of US$44.89 million in all currencies and sold the equivalent of US$30.6 million. For the week $216.84 was purchased by dealers, up from $209 million, the week before and they sold $182 million, down from $200 million sold in the prior week, resulting in a surplus of $35 million for the week and US$64 million for the month since June 5. In United States dollars trading, dealers purchased US$200 million and sold $164 million during the week, for a net surplus of $36 million, compared to US$180 million bought and US$174 million sold the previous week, a net of just $5 million. For the month since June 5, net inflows of US$55 million came into the system.

Jamaican dollar gains value

Up to the end of foreign exchange trading on Monday, Jamaica enjoyed a surplus of US$157 million for January. On Monday the central bank reported net inflows US$3.9 million with the selling rates for the main currencies for the Jamaican dollar gaining but for the euro.
At the close of the market, dealers bought the equivalent of US$39,284,459 of all currencies and sold just US$35,398,981, compared to US$50,312,663 purchased and US$32,969,840 sold on Friday.
In US dollar trading, dealers bought US$35,900,623 compared to US$47,964,301 on Friday. The buying rate for the US dollar fell 33 cents to close at $127.52. A total of US$33,452,927 was sold versus US$32,074,678 on Friday, with the selling rate falling by a much smaller level than for purchases with a fall of 7 cents to $128.35. The Canadian dollar buying rate fell 87 cents to $93.98, with dealers buying C$1,471,931 and selling C$964,733 at an average rate that lost 15 cents to end at $97.75. The average rate for buying the British Pound fell 31 cents to $158.02 for the purchase of £1,694,767 while £852,079 was sold with a decline of 60 cents, to end at $159.90.
At the end of trading on Monday, dealers sold €124,122, with the selling rate for the Euro, closing with a gain of 6 cents to $136.91, according to data from Bank of Jamaica. Dealers purchased €173,210 of the European common currency at $136.85 after rising $2.47. The US dollar equivalent of other currencies traded, amounts to US$21,471 being bought and selling of US$17,304.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a drop in the lowest selling rate of the US dollar by $1.35 to $121.65. The highest buying rate for the British Pound fell $2.62 to $161.20 while the lowest selling rate rose $3 to $155. The highest selling rate for the Euro rose $6.70 to $146.30 and the lowest selling rate rose $2 to $132.

Healthy net FX inflows continue

Up to the end of foreign exchange trading on Friday, Jamaica enjoyed a surplus of US$153 million for January. On Friday the central bank reported net inflows US$17 million with the selling rates for the main currencies for the Jamaican dollar gaining but for the Canadian dollar.
At the close of the market, dealers bought the equivalent of US$50,312,663 of all currencies and sold just US$32,969,840, compared to US$40,366,101 purchased and US$34,607,120 sold on Thursday.
In US dollar trading, dealers bought US$47,964,301 compared to US$37,146,996 on Thursday. The buying rate for the US dollar fell 10 cents to close at $127.85. A total of US$32,074,678 was sold versus US$33,530,844 on Thursday, with the selling rate falling by 13 cents to $128.42. The Canadian dollar buying rate fell 29 cents to $94.85, with dealers buying C$1,110,230 and selling C$586,246 at an average rate that climbed 37 cents to end at $97.90. The average rate for buying the British Pound rose 93 cents to $158.33 for the purchase of £1,088,337 while £241,103 was sold with a decline of 94 cents, to end at $160.50.
At the end of trading on Friday, dealers sold €135,899, with the selling rate for the Euro, closing with a fall of $1.63 to $136.85, according to data from Bank of Jamaica. Dealers purchased €153,437 of the European common currency at $133.18 after rising $2.70. The US dollar equivalent of other currencies traded, amounts to US$17,035 being bought and selling of US$2,116.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a jump in the lowest selling rate of the US dollar by $19.27 to $123. The highest buying rate for the British Pound jumped $1.82 to $163.82 while the lowest selling rate dropped $3.50 to $152. The highest buying rate for the Euro fell $4.47 to close at $135.30, the highest selling rate fell $6.70 to $139.60 and the lowest selling rate lost $3 to $130.

Jamaican$ made gains on Monday

On Monday the Jamaica’s central bank reported net inflows US$13 million with the buying and selling rates for the main currencies for the Jamaican dollar gaining but for the euro.
At the close of the market, dealers bought the equivalent of US$46,846,024 of all currencies and sold US$33,710,044, compared to US$73,405,937 purchased and US$70,539,453 sold on Friday.
In US dollar trading, dealers bought US$41,767,700 compared to US$70,170,675 on Friday. The buying rate for the US dollar fell 57 cents to close at $127.52. A total of US$31,452,380 was sold versus US$69,102,218 on Friday, with the selling rate falling by 11 cents to $128.44. The Canadian dollar buying rate fell 36 cents to $93.18, with dealers buying C$2,332,284 and selling C$1,056,715 at an average rate that slipped 41 cents to end at $95.89. The average rate for buying the British Pound declined 99 cents to $154.85 for the purchase of £2,235,899 while £939,607 was sold with a decline of 47 cents to end at $156.46.
At the end of trading on Monday, dealers sold €287,843, with the selling rate for the Euro, closing with a rise of 3 cents to $135.18, according to data from Bank of Jamaica. Dealers purchased €596,051 of the European common currency at $133.20 after rising $3.78. The US dollar equivalent of other currencies traded, amounts to US$36,122 being bought and selling of US$21,146.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Monday, include a fall in the lowest selling rate of the US dollar by $16.88 to $103.12. A fall of $3.10 in the highest buying rate for the Canadian dollar to end at $96.90 while the lowest selling rate declined by $2.30 to $90. The lowest selling rate for the British Pound dropped $3 to $150.50 while the highest buying rate for the Euro put on $6.70 to close at $140 and the lowest selling rate lost $3 to $126.80.

Jamaican$ ended mixed on Friday

On Friday the central bank reported net inflows US$2.9 million with the buying and selling rates for the main currencies for the Jamaican dollar being mixed.
At the close of the market, dealers bought the equivalent of US$73,405,937 of all currencies and sold US$70,539,453, compared to US$36,967,257 purchased and US$39,708,349 sold on Thursday.
In US dollar trading, dealers bought US$70,170,675 compared to US$30,748,354 on Thursday. The buying rate for the US dollar rose 60 cents to close at $128.09. A total of US$69,102,218 was sold versus US$35,784,226 on Thursday, with the selling rate remaining unchanged at $128.55. The Canadian dollar buying rate fell $1.59 to $93.54, with dealers buying C$1,672,927 and selling C$680,212 at an average rate that slipped 41 cents to end at $96.30. The average rate for buying the British Pound climbed just 5 cents to $155.84 for the purchase of £1,529,299 while £360,627 was sold with a decline of 30 cents to end at $156.93.
At the end of trading on Friday, dealers sold €456,848 with the selling rate for the Euro, closing with a rise of $2.02 to $135.15, according to data from Bank of Jamaica. Dealers purchased €123,157 of the European common currency at $129.42 after falling 14 cents. The US dollar equivalent of other currencies traded, amounts to US$28,507 being bought and selling of US$7,109.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a rise in the lowest selling rate of the US dollar by $16.68 to $120. A rise of $1.50 in the highest buying rate for the Canadian dollar to end at $100 while the lowest selling rate grew $1.30 to $92.30. The highest buying rate for the British Pound dropped $1.80 to $158 and the lowest selling rate rose $2.50 to $153.50, while the lowest selling rate for the Euro put on $3.55 to close at $129.80.

Jamaican$ loses ground on Thursday

On Thursday the central bank reported net outflows US$2.7 million and an across the board fall in the value for the Jamaican dollar except for a gain in the selling rate of the euro.
At the close of the market, dealers bought the equivalent of US$36,967,257 of all currencies and sold US$39,708,349, compared to US$85,048,825 purchased and US$70,824,719 sold on Wednesday.
In US dollar trading, dealers bought US$30,748,354 compared to US$76,958,108 on Wednesday. The buying rate for the US dollar rose 18 cents to close at $127.49. A total of US$35,784,226 was sold versus US$64,143,542 on Wednesday, with the selling rate rising 21 cents to $128.55. The Canadian dollar buying rate climbed $3.03 to $95.13, with dealers buying C$3,819,861 and selling C$2,730,497 at an average rate that rose $1.61 to end at $96.71. The average rate for buying the British Pound climbed $1.03 to $155.79 for the purchase of £2,574,231 while £1,415,888 was sold with a rise of 60 cents to end at $157.23.
At the end of trading on Thursday, dealers sold €108,162 with the selling rate for the Euro, closing with a decline of $1.11 to $133.13, according to data from Bank of Jamaica. Dealers purchased €190,099 of the European common currency at $129.56 after gaining $1.62. The US dollar equivalent of other currencies traded, amounts to US$29,692 being bought and selling of US$25,989.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a rise of $1 in the highest buying rate for the Canadian dollar to end at $98.50. The highest buying rate for the British Pound dropped $2.39 to $159.80, the lowest selling rate fell $1.20 to $151, while the highest buying rate for the Euro added $1 to end at $133, the highest selling rate declined by $1.30 to end at $140.40 and the lowest selling rate put on $12.11 to close at $126.25.