The Jamaica dollar had one of the best periods against the United States dollar this week, with the selling rate hardly moving from the close of Friday, June 23 of $126.35 to close on Friday July 1, at $126.28 as more inflows of US dollars came into the system than the amounts sold.
The foreign exchange market closed with dealers buying the equivalent of US$11.6 million more than the amount sold in all currencies, bringing the surplus purchased in the last five days to just under US$25 million, with the amount bought by dealers bringing US$63,555,858 while they sold US$42,928,790, compared to US$37,497,494 purchased and US$36,347,234 sold on Thursday.
In US dollar trading, dealers bought US$61,641,959 compared to US$34,965,091 on Thursday as the buying rate for the US dollar rose 15 cents to $125.93. A total of US$41,808,480 was sold versus US$35,041,039 on Thursday with the selling rate falling 10 cents to $126.28. The Canadian dollar buying rate rose by 17 cents to end at $93.88 with dealers buying C$759,027 and selling C$545,417, at an average rate that dropped $1.54 to $96.34. The average rate for buying the British Pound dipped $2.43 to $163.83 for the purchase of £941,985, while £441,374 was sold, with the rate dropping $2.47 to $167.38.
At the end of trading, the selling rate for Euro, rose 10 cents to close at J$140.41 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.64, for a fall of 20 cents from Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$122,582 being bought, while US$119,171 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Friday include, a rise of $1.80 in the highest buying rate of the Canadian Dollar to $97.80, a rise of 80 cents in the lowest selling rate to close at $90.70. The British Pound had a mixed day of trading, with the highest buying rate dropping $12.50 to $170, but the lowest buying rate jumped $15.71 at $135.71, the highest selling rate dived by $6 to close at $181 and the lowest selling rate dropped by $4.50 to end at $148.50.

The Jamaica dollar was fairly stable against the US dollar but lost value against the Canadian dollar and the severely battered Pound, at the close of forex trading on Wednesday.
The foreign exchange market closed with dealers buying the equivalent of US$1.7 million less than the amount sold in all currencies, bringing the surplus purchased in three days down to $12 million, with the total bought by dealers amounting to US$53,634,075 while they sold US$55,336,297, in contrast to US$56,629,059 purchased and US$53,695,732 sold on Tuesday.
In US dollar trading, dealers bought US$50,461,084 compared to US$53,017,555 on Tuesday as the buying rate for the US dollar rose 5 cents to $126.04. A total of US$53,396,084 was sold versus US$52,006,860 on Tuesday with the selling rate falling 1 cent to $126.37. The Canadian dollar buying rate fell by 63 cents to end at $93.13 with dealers buying C$694,722 and selling C$644,792, at an average rate that climbed 45 cents to $96.68. The average rate for buying the British Pound dived 96 cents to $165.85 for the purchase of £1,322,771, while £989,527 was sold, with the rate climbing $2.37 to $169.59.
At the end of trading, the selling rate for Euro, rose 95 cents to close at J$139.66 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.14, for a gain of $1.17 from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$919,037 being bought, while US$118,966 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Wednesday, a gain of $1.66 in the highest buying rate of the Canadian Dollar to $98.56, a rise of $2 in the lowest selling rate to close at $92. The British Pound suffered sharp declines again, following sharp fall in the UK currency on the world market since last week, except for a rise in the lowest selling rate. The highest buying rate of the pound, dived $8.50 to $171.50, the lowest buying rate dropped $11.31 to $120, the highest selling rate fell $5.71 to close at $184 and the lowest selling rate rose by $3.80 to end at $159.

The Jamaica dollar lost further ground against the United States currency at the close of trading on Thursday as inflows and outflows were even. The local dollar also lost ground against the Pound sterling and the Canadian dollar.
The foreign exchange market closed with dealers buying the equivalent of US$1.3 million more than the amount sold in all currencies, with the total bought by dealers amounting to US$31,582,310 while they sold US$30,242,351, in contrast to US$37,426,947 purchased and US$39,435,110 sold on Wednesday.
In US dollar trading, dealers bought US$27,930,127 compared to US$32,918,142 on Wednesday as the buying rate for the US dollar fell 12 cents to $125.48. A total of US$27,904,144 was sold versus US$36,555,517 on Wednesday with the selling rate rising 5 cents to $126.23. The Canadian dollar buying rate rose 92 cents to end at $95.56 with dealers buying C$704,381 and selling C$628,384, at an average rate that climbed 49 cents to $99.19. The average rate for buying the British Pound jumped $1.02 to $183.34 for the purchase of £2,059,196, while £1,213,267 was sold, with the rate climbing 26 cents to $184.68.
At the end of trading, the selling rate for Euro, gained 22 cents to close at J$142.36 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.58, for a rise of 42 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$107,087 being bought, while US$69,491 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Thursday, include, a rise of 94 cents in the lowest selling rate of the US dollar to close at $103.64, a rise of $1.65 in the highest buying rate of the Canadian Dollar to $100, a rise of $1.60 in the highest buying rate of the British Pound to $187.30 and a rise of $3.30 in the lowest selling rate to end at $175.30.

The Jamaica dollar fell against the United States currency at the close of trading on Wednesday as inflows were US$3.6 million less than the amount sold. The local dollar lost ground against the Pound sterling as the British currency gained strength with public opinion polls continuing to suggest that British voters will vote in favour of remaining in the euro zone.
The foreign exchange market closed with dealers selling the equivalent of US$2 million more than the amount bought in all currencies, with the total of all currencies bought by dealers amounting to US$37,426,947 while they sold US$39,435,110, in contrast to US$33,116,369 purchased and US$38,589,783 sold on Tuesday.
In US dollar trading, dealers bought US$32,918,142 compared to US$28,605,114 on Tuesday as the buying rate for the US dollar rose 25 cents to $125.60. A total of US$36,555,517 was sold versus US$35,845,081 on Tuesday with the selling rate rising 7 cents to $126.19. The Canadian dollar buying rate declined by 78 cents to end at $94.64 with dealers buying C$573,575 and selling C$550,022, at an average rate that climbed $1.30 to $98.69. The average rate for buying the British Pound jumped $2.70 to $182.32 for the purchase of £2,527,203, while £1,295,600 was sold, with the rate climbing 39 cents to $184.42.
At the end of trading, the selling rate for Euro, fell 74 cents to close at J$142.15 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.16, for a dip of 81 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$408,341 being bought, while US$555,908 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Wednesday, include, a drop of $17.30 in the lowest selling rate of the US dollar to close at $102.70, a rise of $5.02 in the lowest buying rate of the Canadian Dollar to $78.02, a rise of $1.50 in the lowest selling rate to $93.50, a fall of $2.08 in the highest buying rate of the British Pound to $185.70. The lowest buying rate of the Pound climbed $1.25 to $148.16 with the highest selling rate leaping $1.62 to $192.78 and the lowest selling rate jumping $16.24 to $172.

The Jamaica dollar fell against the United States currency at the close of trading on Tuesday as inflows were US$7.2 million less than the amount sold. The local dollar lost ground against the Pound sterling as the British currency gained strength with public opinion polls continuing to suggest that British voters will vote in favour of remaining in the euro zone.
The foreign exchange market closed with dealers buying the equivalent of US$5.47 million in all currencies, less than the amount bought with a total of all currencies bought by dealers amounting to US$33,116,369 while they sold US$38,589,783, in contrast to US$50,161,179 purchased and US$46,313,716 sold on Monday.
In US dollar trading, dealers bought US$28,605,114 compared to US$46,596,141 on Monday as the buying rate for the US dollar rose 1 cent to $125.35. A total of US$35,845,081 was sold versus US$44,081,167 on Monday with the selling rate rising 9 cents to $126.12. The Canadian dollar buying rate rose 93 cents to end at $95.42 with dealers buying C$951,348 and selling C$451,839, at an average rate that fell 14 cents to $97.39. The average rate for buying the British Pound jumped $1.54 to $179.62 for the purchase of £1,862,762, while £872,119 was sold, with the rate climbing $4.43 to $184.03.
At the end of trading, the selling rate for Euro, jumped $1.07 to close at J$142.88 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.97, for a rise of 97 cents on Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$1,117,815 being bought, while US$1,123,172 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Tuesday, include, a jump of $17.54 in the lowest selling rate of the US dollar to close at $120, a fall of $3.07 in the lowest buying rate of the Canadian Dollar to $73, a rise of $2.58 in the highest buying rate of the British Pound to $187.78. The lowest buying rate of the Pound climbed $3.73 to $146.91 with the highest selling rate leaping $3.16 to $191.16 and the lowest selling rate dropping $13.24 to $155.76.

The Jamaica dollar gained against the United States currency at the close of trading on Monday even as inflow was US$2.5 million more than the amount sold. The local dollar lost ground against the Pound sterling as the British currency gained strength with public opinion polls suggesting voters will support the vote to remain in the euro zone.
The foreign exchange market closed with dealers buying the equivalent in all currencies, of US$50,161,179 and selling US$46,313,716, in contrast to US$38,700,842 purchased and US$33,005,652 sold on Friday.
In US dollar trading, dealers bought US$46,596,141 compared to US$35,609,042 on Friday as the buying rate for the US dollar fell 12 cents to $125.34. A total of US$44,081,167 was sold versus US$30,473,037 on Friday with the selling rate falling 4 cents to $126.03. The Canadian dollar buying rate rose 6 cents to end at $94.49 with dealers buying C$1,249,798 and selling C$650,444, at an average rate that gained 25 cents to $97.53. The average rate for buying the British Pound jumped $2.55 to $178.08 for the purchase of £1,730,533, while £820,742 was sold, with the rate climbing $1.97 to $179.60.
At the end of trading, the selling rate for Euro, jumped $1.37 to close at J$141.81 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139, for a rise of $1.31 on Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$164,287 being bought, while US$559,556 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Monday, include, a rise of 90 cents in the highest selling rate of the Canadian Dollar to $100.98, a rise of 85 cents in lowest selling rate to $92.50. The highest buying rate of the British Pound jumped $5.70 to $185.20, the lowest buying rate climbed $2.49 to $143.18 with the highest selling rate leaping $4.62 to $188.