The Jamaican dollar gained more ground versus the United States dollar on Monday with the selling rate dipped to J$128.89 to US$1 as US dollar inflows reached US$45.15 million and selling accounted for $39.14.
Inflows were just US$1 less than entered the market on Monday June 19. Overall, total foreign exchange of all currencies entering the market totaled US$50.79 million with US$42.2 million sold.
The buying rate for the US dollar fell to JS$128 from $128.15 at the end of trading on Friday.
The selling rate for the Canadian dollar declined to J$97.32 compared to J$97.83 at the close on Friday while the British Pound cost more at the close on Monday with J$163.71 buying the British currency versus J$162.63 on Friday and the Jamaican dollar gained value against the euro it taking J$144.89 to buy the European common currency on Monday versus Friday’s J$145.84.
Net FX inflows up US$5.5m – Tuesday
Net inflows into the foreign exchange market in Jamaica delivered another day of strong surplus of US$5.5 million on Tuesday, leading to gains in the value of the Jamaican dollar against the main currencies it usually trades against except for the United States currency.
At the end of trading, dealers bought US$38,392,249 and sold only US$32,810,695 compared to US$40,421,717 purchased and US$30,050,926 sold on Monday, of all currencies.
In US dollar trading, dealers bought US$33,392,630 compared to US$36,514,078 on Monday. The buying rate for the US dollar rose 9 cents to close at $127.35.
A total of US$30,026,760 was sold versus US$27,511,067 on Monday, with the selling rate rising 11 cents to end at $128.07. The Canadian dollar buying rate rose 22 cents to $96.02, with dealers buying C$2,658,342 and selling C$1,994,738 at an average rate that fell 29 cents to $96.94. The average rate for buying the British Pound rose $1.15 to $163.56 for the purchase of £2,171,012 while £826,625 was sold as the rate declined 11 cents to end at $165.02.
At the end of trading, dealers sold €177,149 as the selling rate for the Euro, closed at $143.46 for a fall of $1.99 from Monday’s rate, according to data from Bank of Jamaica. Dealers purchased 
€168,789 of the European common currency at $141.30 after jumping $3.25 from the rate on Monday. The US dollar equivalent of other currencies traded, amounts to US$19,806 being bought and the selling of US$10,499.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Tuesday, include a fall of 84 cents in the highest buying rate of the British Pound to $167.34 and a rise of $2 in the lowest selling rate to $160. Trading in the Euro resulted in a rise of 89 cents in the highest buying rate to end at $145.89, a fall of $3.35 in the highest selling rate to $146.50 and a jump of $20.97 in the lowest selling rate to $135.50.
Surplus FX jumps Tuesday
Trading in Jamaica’s foreign exchange market picked up sharply on Tuesday with dealers buying US$18.5 million more than they sold, as inflows continue to exceed outflows as was the case for the high summer months.
In Tuesday’s trading, dealers bought US$82,044,075 and sold US$63,505,815 compared to US$23,079,436 purchased and US$19,531,349 sold on Monday, of all currencies.
In US dollar trading, dealers bought US$78,399,363 compared to US$19,609,026 on Monday. The buying rate for the US dollar jumped $1.03 cents to close at $127.29. 
A total of US$61,557,554 was sold versus US$18,292,586 on Monday, with the selling rate rising 1 cent to end at $127.68. The Canadian dollar buying rate rose $1.18 to $95.82, with dealers buying C$1,202,592 and selling C$707,371 at an average rate that fell 38 cents to $97.65. The average rate for buying the British Pound rose $1.24 to $166.45 for the purchase of £2,026,181 while £909,970 was sold with the rate that rose $1.97 to end at $170.35.
At the end of trading, the selling rate for the Euro, rose 19 cents to close at J$142.98 from Monday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$135.64 for a fall of $5.48 from the rate on Monday. The US dollar equivalent of other currencies traded amounts to US$89,829 being bought, while US$193,203, 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 rise of 75 cents in the highest buying rate for the Canadian Dollar to $99.45, a rise in the lowest selling rate of $1.20 to $94.20. Trading in the British Pound resulted in a $1.10 rise in the highest buying rate to $171.50 and a rise of $1.50 in the lowest selling rate to $163.50.
It’s now J$126.05 for the US – Tuesday
The Jamaica dollar closed on Tuesday above 126 level for one US dollar for the first time as forex trading saw more selling by dealers than the amount bought by them.
The foreign exchange market closed on Tuesday with dealers buying the equivalent in all currencies of US$46,789,793 and selling US$53,956,348, in contrast to US$46,887,823 purchased and US$45,219,931 sold on Monday
In US dollar trading, dealers bought US$44,550,096 compared to US$43,963,642 on Monday as the buying rate for the US dollar rose 29 cents to $125.48. A total of US$50,575,123 was sold versus US$43,909,244 on Monday with the selling rate rising 6 cents to $126.05.
The Canadian dollar buying rate climbed $1.19 to end at $95.31 with dealers buying C$863,203 and selling C$2,979,467, at an average rate that rose $2.49 to $99.24. The average rate for buying the British Pound dropped 71 cents to $175.40 for the purchase of £1,091,795, while £295,344 was sold, with the rate falling $1.74 to $177.85.
At the end of trading, the selling rate for Euro, rose 15 cents to close at J$142.38 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.35, for a rise of 16 cents off Monday’s rate.
The US dollar equivalent of other currencies traded amounts to US$57,873 being bought, while US$618,927 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 rise in the lowest selling rate of the Canadian Dollar by $7.30 to $92, a fall in the highest buying rate British Pound of $2.55 to $179, a fall in the lowest buying rate by 66 cents to $142.93, a decline in the highest selling rate of 86 cents to $185.98 and a fall of 90 cents in the lowest selling rate to $170.50.
Jamaican$ 1 cent from $126 to US – Monday
The Jamaica dollar closed on Monday just 1 cent below the 126 level for one US dollar as forex trading exceeded US45 million, with selling just lower than the amount bought by dealers.
The foreign exchange market started the week, with dealers buying the equivalent in all currencies of US$46,887,823 and selling US$45,219,931, in contrast to US$36,345,365 purchased and US$34,310,493 sold on Friday
In US dollar trading, dealers bought US$43,963,642 compared to US$30,620,827 on Friday as the buying rate for the US dollar rose 12 cents to $125.19. 
A total of US$43,909,244 was sold versus US$31,425,559 on Friday with the selling rate rising 10 cents to $125.99. The Canadian dollar buying rate dropped $3.23 to end at $94.12 with dealers buying C$998,707 and selling C$543,804, at an average rate that dipped $1.60 to $96.74. The average rate for buying the British Pound dropped $3.45 to $176.11 for the purchase of £1,471,425, while £577,920 was sold, with the rate falling $1.49 to $179.59.
At the end of trading, the selling rate for Euro, fell 20 cents to close at J$142.23 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.18, for a rise of 21 cents off Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$103,378 being bought, while US$69,345 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 drop in the lowest selling rate of the Canadian Dollar by $8.80 to $84.70, a fall in the highest buying rate British Pound of $1.25 to $181.55, a fall in the lowest buying rate by $1.25 to $143.59, a decline in the highest selling rate of $1.62 to $186.84 and a fall of $1.60 in the lowest selling rate to $171.40.
Jamaican$ loses more ground – Friday
The buying and selling in the forex market on Friday resulted in close to US$1 million more sold by dealers than the amount of the US currencies they bought, helping the selling rate of the US dollar to continue to gain on the Jamaican currency.
The foreign exchange market closed on the week, with dealers buying the equivalent in all currencies of US$36,345,365 and selling US$34,310,493, in contrast to US$27,777,238 purchased and US$29,407,363 sold on Thursday
In US dollar trading, dealers bought US$30,620,827 compared to US$23,605,085 on Thursday as the buying rate for the US dollar rose 12 cents to $125.07. A total of US$31,425,559 was sold versus US$27,506,903 on Thursday with the selling rate rising 13 cents to $125.89. 
The Canadian dollar buying rate rose $1.99 to end at $97.35 with dealers buying C$2,580,438 and selling C$1,910,591, at an average rate that rose 35 cents to $98.34. The average rate for buying the British Pound climbed 40 cents to $179.56 for the purchase of £2,462,776, while £859,944 was sold, with the rate falling 57 cents to $181.08.
At the end of trading, the selling rate for Euro, fell 81 cents to close at J$142.43 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.39, for a rise of 81 cents off Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$180,535 being bought, while US$155,560 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 drop in the lowest selling rate of US Dollar by $19.88 to $102.12, a fall of $1.75 in the highest buying rate of the Canadian Dollar to $98.75 and a rise of $3.50 in the lowest selling rate to $93.50. The highest selling rate British Pound dipped $1.19 to $189.46 and the lowest selling rate rose $1 to $173.
US$ sales exceed purchases – Friday
The buying and selling in the forex market on Friday resulted slightly more selling by dealers than the amounts bought in all currencies but sale of US dollars exceeded inflows by US$3 million, helping the selling rate of the US dollar, to continue to gain on the Jamaican currency.
The foreign exchange market closed on Friday, with dealers buying the equivalent of US$31,515,940 and selling US$33,499,897, in contrast to US$32,911,167 purchased and US$33,802,996 sold on Thursday
In US dollar trading, dealers bought US$27,698,434 compared to US$28,031,398 on Thursday as the buying rate for the US dollar remained unchanged at $124.75. 
A total of US$30,645,567 was sold versus US$31,006,313 on Thursday with the selling rate rising 6 cents to $125.56. The Canadian dollar buying rate fell $1.17 to end at $92.28 with dealers buying C$691,476 and selling C$516,501, at an average rate that climbed by 88 cents to $96.11. The average rate for buying the British Pound climbed $1.04 to $179.34 for the purchase of £1,920,291, while £1,270,603 was sold, with the rate rising $1.11 to $181.05.
At the end of trading, the selling rate for Euro, fell by 12 cents to close at J$140.06 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European 
common currency at J$137.13, for a fall of 2 cents on Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$545,285 being bought, while US$626,785 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 $18.88 in the lowest selling rate of the US Dollar to $121, a rise of $1.60 in the highest buying rate of the Canadian Dollar to $97.50 and the highest buying rate for the British Pound increasing by $2.51 to $183.81.
US$ sales exceed purchases – Thursday
The buying and selling in the forex market on Thursday resulted slightly more selling by dealers than the amounts bought in all currencies but sale of US$ exceeded inflows by US$3 million.
The foreign exchange market closed on Wednesday, with dealers buying the equivalent of US$32,911,167 and selling US$33,802,996, in contrast to US$28,237,528 purchased and US$39,830,039 sold on Wednesday
In US dollar trading, dealers bought US$28,031,398 compared to US$26,160,433 on Wednesday as the buying rate for the US dollar added 13 cents to end at $124.75. A total of US$31,006,313 was sold versus US$38,578,531 on Wednesday with the selling rate rising 3 cents to $125.50.
The Canadian dollar buying rate rose $1.08 to end at $93.45 with dealers buying C$1,133,560 and selling C$606,541, at an average rate that climbed by 78 cents to $95.23. The average rate for buying the British Pound climbed 95 cents to $178.30 for the purchase of £1,804,146, while £621,406 was sold, with the rate dropping 97 cents to $179.94.
At the end of trading, the selling rate for Euro, gained 56 cents to close at J$140.18 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.15, for a rise of 38 cents on Tuesday’s rate.
The US dollar equivalent of other currencies traded amounts to US$1,452,009 being bought, while US$1,445,479 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 fall of $19.23 in the lowest selling rate of the US Dollar to $102.12, a rise of $1.50 in the highest buying rate of the Canadian Dollar to $95.90 and a $1 gain in the lowest buying rate to $75.70 while the lowest buying rate for the British Pound fell by $2.07 to $143.84 and the highest buying rate declined 95 cents to $187.16.
US$11.5m more sold than purchased – Wednesday
Dealers in the forex market sold over US$11.5 million more than they bought on Wednesday in all currencies as the local currency selling rate for the US dollar increased by 5 cents.
The foreign exchange market closed on Wednesday, with dealers buying the equivalent of US$28,237,528 and selling US$39,830,039, in contrast to US$47,052,554 purchased and US$42,436,572 sold on Tuesday.
In US dollar trading, dealers bought US$26,160,433 compared to US$44,115,520 on Tuesday, as the buying rate for the US dollar declined by 10 cents to $124.62. A total of US$38,578,531 was sold versus US$40,688,761 on Tuesday with the selling rate rising 6 cents to $125.47.
The Canadian dollar buying rate fell 80 cents to end at $92.37 with dealers buying C$793,330 and selling C$436,850, at an average rate that fell 42 cents to $94.45. The rate for buying the British Pound dropped $1.76 to $177.35 for the purchase of £1,003,394, while £556,923 was sold, with the rate gaining 55 cents to $180.91.
At the end of trading, the selling rate for Euro, fell 13 cents to close at J$139.61 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.77, for a rise of 21 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$61,198 being bought, while US$119,605 was sold.
Highs & Lows| Notable changes to the highest and lowest rates, the Jamaican dollar traded at, in the foreign exchange market on Wednesday, include, a rise of $19.23 in the lowest selling rate of the US Dollar to $121.35, a fall of $3.22 in the highest buying rate of the Canadian Dollar to $94.40 while the highest buying rate for the British Pound fell by $2.90 to $182.15 and the lowest selling rate rose $1 to $173.
US$ selling rate falls – Tuesday
Dealers in the forex market who bought over US$24 million more than they sold last week sold US$5 million more than they bought on Tuesday in all currencies as the local currency selling rate for the US dollar increased for the sixth consecutive day.
The foreign exchange market closed on Tuesday, with dealers buying the equivalent of US$47,052,554 and selling US$42,436,572, in contrast to US$35,822,833 purchased and US$40,716,594 sold on Monday.
In US dollar trading, dealers bought US$44,115,520 compared to US$32,644,468 on Monday, as the buying rate for the US dollar rose by 24 cents to $124.72. 
A total of US$40,688,761 was sold versus US$39,134,277 on Monday with the selling rate falling 5 cents to $125.41. The Canadian dollar buying rate rose 71 cents to end at $93.17 with dealers buying C$1,154,316 and selling C$860,008, at an average rate that fell $1.87 to $94.87. The rate for buying the British Pound dropped 51 cents to $179.11 for the purchase of £1,352,910, while £494,893 was sold, with the rate falling $1.49 to $180.36.
At the end of trading, the selling rate for Euro, rose 10 cents to close at J$139.74 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.56, for a fall of 43 cents from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$131,893 being bought, while US$385,512 was sold.
Highs & Lows| Notable changes to the highest and lowest rates, the Jamaican dollar traded at, in the foreign exchange market on Tuesday, include, a rise of $1.70 in the lowest buying rate of the Canadian Dollar to $74.70 and a gain of $2.30 to $89.50 in the lowest selling rate. The lowest buying rate for the British Pound fell by $1 to $145.08 and a $2.08 fall in the highest selling rate, pushed it to $188.
