The Jamaican dollar selling rate held against the US dollar and made more gains versus the British pound and the Canadian dollar and declined against the euro in foreign exchange trading on Thursday. At the close of the market, dealers bought the equivalent of US$41,707,136 of all currencies and sold US$29,836,153, compared to US$58,868,333 purchased and US$36,828,727 sold on Wednesday.
In US dollar trading, dealers bought US$37,328,635 compared to US$50,506,344 on Wednesday. The buying rate for the US dollar dropped 31 cents to $127.91. A total of US$26,728,474 was sold versus US$30,039,107 on Wednesday, with the selling rate holding at $128.64.
The Canadian dollar buying rate dropped $3.12 to $94.43, with dealers buying C$2,145,822 and selling C$839,400 at an average rate that declined $1.29 to finish at $96.74. The average rate for buying the British Pound slipped 13 cents to $159.84 for the purchase of £1,752,754 while £1,397,593 was sold with a fall of $1.72 to end at $161.20.
At the end of trading on Thursday, dealers sold €655,049 with the selling rate for the Euro, closing with a rise of 64 cents to $136.52, according to data from Bank of Jamaica. Dealers purchased €560,586 of the European common currency at $134.98 after rising $2.80. The US dollar equivalent of other currencies traded, amounts to US$12,367 being bought and selling of US$29,948.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a jump of $19.05 in the lowest selling rate of the US dollar to $123. A rise of $1.49 in the highest selling rate for the Canadian dollar to end at $102.98 and a $1 fall in the lowest selling rate to $91. The highest buying rate for the Euro jumped $4.70 to $139.20, the lowest buying rate dropped $6.57 to $110.47, while the highest selling rate gained $4.30 to end at $143.75 and the lowest selling rate dropped $1.80 to $130.50.
Jamaican$ holds vs US – Thursday
More gains for Jamaican$ on Wednesday
The Jamaican dollar made more gains against the US dollar and the euro in foreign exchange trading on Wednesday, following gains made on Tuesday but lost value against the British pound and the Canadian dollar. At the close of the market, dealers bought the equivalent of US$58,868,333 of all currencies and sold US$36,828,727, compared to US$57,996,882 purchased and US$49,187,617 sold on Tuesday.
In US dollar trading, dealers bought US$50,506,344 compared to US$53,844,073 on Tuesday. The buying rate for the US dollar rose 10 cents to $128.22. A total of US$30,039,107 was sold versus US$47,268,489 on Tuesday, with the selling rate slipping by 6 cents to $128.64.
The Canadian dollar buying rate gained $2.91 to $97.55, with dealers buying C$7,270,007 and selling C$6,871,594 at an average rate that climbed $1.12 to finish at $98.03. The average rate for buying the British Pound slipped 26 cents to $159.97 for the purchase of £2,209,920 while £1,156,688 was sold with a rise of 80 cents to end at $162.92.
At the end of trading on Wednesday, dealers sold €66,011 with the selling rate for the Euro, closing with a fall of 27 cents to $135.88, according to data from Bank of Jamaica. Dealers purchased €63,330 of the European common currency at $132.18 after rising 27 cents. The US dollar equivalent of other currencies traded, amounts to US$8,283 being bought and selling of US$18,267.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a jump of $2.80 in the highest buying rate for the Canadian dollar to end at $99.73. The highest buying rate for the Euro dropped $3 to $134.50 and the lowest buying rate for the jumped $6.65 to $117.04.
More gains for Jamaican$
The Jamaican dollar made more gains against the US dollar, the Canadian dollar and the euro in foreign exchange trading on Tuesday, following gains made on Monday but lost value against the British pound. At the close of the market, dealers bought the equivalent of US$57,996,882 of all currencies and sold US$49,187,617, compared to US$57,401,488 purchased and US$40,932,708 sold on Monday.
In US dollar trading, dealers bought US$53,844,073 compared to US$52,617,172 on Monday. The buying rate for the US dollar rose 11 cents to $128.12. A total of US$47,268,489 was sold versus US$38,895,105 on Monday, with the selling rate slipping by 2 cents to $128.70.
The Canadian dollar buying rate gained 53 cents to $94.64, with dealers buying C$1,692,991 and selling C$843,626 at an average rate that lost 12 cents to finish at $96.91. The average rate for buying the British Pound jumped $1.05 to $160.23 for the purchase of £2,229,345 while £918,792 was sold with a rise of 49 cents to end at $162.12.
At the end of trading on Tuesday, dealers sold €108,436 with the selling rate for the Euro, closing with a fall of $1.10 to $136.14, according to data from Bank of Jamaica. Dealers purchased €103,237 of the European common currency at $131.91 after rising 56 cents. The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a fall of $1.27 in the highest buying rate for the Canadian dollar to end at $96.93. The highest buying rate for the British Pound dropped $2.78 to $163.40, while the highest selling rate gained $1.08 to end at $171.72. The highest selling rate for the Euro dropped $2.96 to $139.60.
A little more gain for Jamaican$
The Jamaican dollar made more gains against the US dollar and the euro in foreign exchange trading on Friday, following gains made on Thursday but lost value against the British pound and the Canadian dollar. At the close of the market, dealers bought the equivalent of US$32,880,249 of all currencies and sold US$32,936,449, compared to US$27,160,634 purchased and US$26,921,870 sold on Thursday.
In US dollar trading, dealers bought US$29,263,004 compared to US$23,108,403 on Thursday. The buying rate for the US dollar rose 6 cents to $127.91. A total of US$29,805,643 was sold versus US$24,915,142 on Thursday, with the selling rate slipping by just 1 cent to $128.78.
The Canadian dollar buying rate fell 13 cents to $94.67, with dealers buying C$2,044,327 and selling C$3,142,188 at an average rate that increased by $1.51 to finish at $98.17. The average rate for buying the British Pound dropped 66 cents to $158.80 for the purchase of £1,563,019 while £452,709 was sold with a rise of 32 cents to end at $161.77.
At the end of trading on Friday, dealers sold €151,295 with the selling rate for the Euro, closing with a fall of 43 cents to $137.30, according to data from Bank of Jamaica. Dealers purchased €150,857 of the European common currency at $132.33 after falling $3.87.
The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a fall of $1.50 in the lowest selling rate for the US dollar to end at $121.50. The highest buying rate for the British Pound rose $1.30 to $163.50, while the lowest selling rate slipped $1.50 to end at $154. The highest buying rate for the Euro dropped $8.88 to $135.30 and the lowest selling rate fell $1.25 to $132.
More revaluation for Jamaican$
The Jamaican dollar made more gains against all four major foreign currencies on Thursday, following gains it made on Wednesday. At the close of the market, dealers bought the equivalent of US$27,160,634 of all currencies and sold US$26,921,870, compared to US$34,294,467 purchased and US$30,046,671 sold on Wednesday.
In US dollar trading, dealers bought US$23,108,403 compared to US$30,548,763 on Wednesday. The buying rate for the US dollar fell by 30 cents to $127.85. A total of US$24,915,142 was sold versus US$27,155,752 on Wednesday, with the selling rate slipping by 5 cents to $128.79.
The Canadian dollar buying rate rose 91 cents to $94.80, with dealers buying C$1,776,682 and selling C$1,342,067 at an average rate that declined by 28 cents to $96.66. The average rate for buying the British Pound dropped $2.01 to $159.46 for the purchase of £1,805,624 while £470,139 was sold with a slip of $1.77, to end at $161.45.
At the end of trading on Thursday, dealers sold €373,840 with the selling rate for the Euro, closing with a fall of $1 to $137.73, according to data from Bank of Jamaica. Dealers purchased €447,343 of the European common currency at $136.20 after falling 71 cents. The US dollar equivalent of other currencies traded, amounts to US$6,099 being bought and selling of US$10,342.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a fall of $1 in the lowest selling rate for the US dollar to end at $123. The highest buying rate for the British Pound dropped $5.55 to $162.20, the lowest buying rate fell $1.66 to$131.14, the highest selling rate climbed $4.04 to $170.64, while the lowest selling rate slipped $1.84 to end at $155.50 and the highest buying rate for the Euro jumped $6.58 to $144.18.
Jamaican$ slips slightly vs US – Tuesday
The Jamaican dollar slipped slightly against the US dollar on Tuesday but remains below the 129 mark as sales of US dollars exceeded buying. The local currency also fell in value against the other three major currencies.
On Tuesday dealers bought the equivalent of US$34,163,768 of all currencies and sold US$38,672,874, compared to US$58,754,418 purchased and US$39,263,489 sold on Monday.
In US dollar trading, dealers bought US$28,047,652 compared to US$52,747,596 on Monday. The buying rate for the US dollar slipped by 29 cents to $127.95. A total of US$35,449,849 was sold versus US$35,020,783 on Monday, with the selling rate rising by 2 cents to $128.91.
The Canadian dollar buying rate rose by 87 cents to $95.99, with dealers buying C$4,402,789 and selling C$2,199,996 at an average rate that inched up by 5 cents to $97.21. The average rate for buying the British Pound climbed $1.13 to $160.82 for the purchase of £2,063,999 while £950,076 was sold with a rise of $1.15, to end at $163.31.
At the end of trading on Tuesday, dealers sold €222,618 with the selling rate for the Euro, closing with a rise of $1.77 to $139.38, according to data from Bank of Jamaica. Dealers purchased €125,019 of the European common currency at $133.64 after jumping $4.30. The US dollar equivalent of other currencies traded, amounts to US$88,371 being bought and selling of US$119,588.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a rise of $1.10 in the lowest selling rate for the US dollar to end at $121.10. The lowest selling rate for the Canadian dollar jumped $5 to $92. The highest buying rate for the British Pound rose $4.05 to $168.25, the highest selling rate climbed $1.08 to end at $172.26 while the lowest selling rate rose $3.50 to $157.50.
Jamaican$ steady vs US – Friday
The Jamaican dollar remained below 129 to the US dollar on Friday but lost value versus the other three major currencies, with a big loss against the Canadian dollar, with the country entering a period of high inflows and relatively lower outflows that could well result in some revaluation of the currency in 2017.
On Friday dealers bought the equivalent of US$39,914,464 of all currencies and sold US$37,310,870, compared to US$31,582,543 purchased and US$30,667,869 sold on Thursday.
In US dollar trading, dealers bought US$34,228,934 compared to US$28,148,803 on Thursday. The buying rate for the US dollar rose 1 cent to close at $128.24. A total of US$33,195,116 was sold versus US$29,170,051 on Thursday, with the selling rate remaining at $128.95.
The Canadian dollar buying rate climbed sharply by $3.13 to $96.34, with dealers buying C$4,329,688 and selling C$3,693,831 at an average rate that surged $2.57 to $97.24. The average rate for buying the British Pound rose $1.15 to $160.36 for the purchase of £1,766,954 while £928,822 was sold with a rise of 82 cents to end at $162.12.
At the end of trading on Friday, dealers sold €145,186 with the selling rate for the Euro, closing with a rise of $3.67 to $139.11, according to data from Bank of Jamaica. Dealers purchased €100,568 of the European common currency at $132.38 after rising 70 cents.
The US dollar equivalent of other currencies traded, amounts to US$119,348 being bought and selling of US$5,648.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a decline of $1.59 in the highest buying rate for the British Pound to $164.15, a fall of $2.53 in the highest selling rate to end at $166.71 while the lowest selling rate declined $2.70 to $151.30. The highest selling rate for the Euro declined by $1.38 to $141.72.
Jamaica’s Net International Reserves (NIR) grew by US$113 million during November to end at US$2.56 billion in one of the worse months for foreign exchange inflows. The build-up of the NIR in November is a telling sign of the revaluation that is coming for the Jamaican dollar, in the months ahead, as inflows of foreign exchange increase in the winter months ahead.
In US dollar trading, dealers bought US$30,548,763 compared to US$28,047,652 on Tuesday. The buying rate for the US dollar rose by 20 cents to $128.15. A total of US$27,155,752 was sold versus US$35,449,849 on Tuesday, with the selling rate slipping by 7 cents to $128.84. The Canadian dollar buying rate dropped $2.10 to $93.89, with dealers buying C$1,544,033 and selling C$789,198 at an average rate that declined by 26 cents to $96.94. The average rate for buying the British Pound climbed 65 cents to $161.47 for the purchase of £1,660,805 while £1,176,733 was sold with a slip of 9 cents, to end at $163.22.
The US dollar equivalent of other currencies traded, amounts to US$6,948 being bought and selling of US$8,208.
The Jamaican dollar slipped further below 129 mark to the US dollar on Monday as revaluation of the local currency continues to take hold and it enjoyed gains versus the Canadian dollar and the Euro but slipped mildly against the British pound, as inflows of foreign currency was US$19 million more than the amount sold.
The Canadian dollar buying rate fell by $1.22 to $95.12, with dealers buying C$4,127,945 and selling C$4,023,122 at an average rate that fell 8 cents to $97.16. The average rate for buying the British Pound declined 67 cents to $159.69 for the purchase of £2,214,209 while £755,070 was sold with a rise of 5 cents, to end at $162.17.
include a jump of $15.75 in the lowest selling rate for the US dollar to end at $120. The highest selling rate for the Canadian dollar rose $1.08 to $101.52 while there was a drop of $5.80 in the lowest selling rate to $87. The lowest buying rate for the British Pound rose $1.08 to $131.56, the highest selling rate climbed $4.47 to end at $171.18 while the lowest selling rate rose $2.70 to $154. The highest buying rate for the Euro rose $1 to $136 and the highest selling rate moved up $2.14 to $143.86.
The Canadian dollar buying rate rose by 28 cents to $93.21, with dealers buying C$1,849,736 and selling C$884,304 at an average rate that fell 63 cents to $94.67. The average rate for buying the British Pound rose 95 cents to $159.21 for the purchase of £1,595,600 while £627,875 was sold with a rise of 65 cents to end at $161.30.
amounts to US$5,915 being bought and selling of US$4,781.