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 Monday 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 Monday, with dealers buying the equivalent of US$35,822,833 and selling US$40,716,594, in contrast to US$52,840,212 purchased and US$46,464,311 sold on Friday.
In US dollar trading, dealers bought US$32,644,468 compared to US$49,322,500 on Friday, as the buying rate for the US dollar declined by 46 cents to $124.48. A total of US$39,134,277 was sold versus US$43,765,413 on Friday with the selling rate rising 2 cents to $125.46. The Canadian dollar buying rate fell $1.52 to end at $92.46 with dealers buying C$1,221,873 and selling C$1,050,885, at an average rate that rose 29 cents to $96.74. The rate for buying the British Pound dropped 81 cents to $179.62 for the purchase of £1,480,634, while £460,528 was sold, with the rate falling $1.90 to $181.85.
At the end of trading, the selling rate for Euro, dropped 64 cents to close at J$139.64 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.99, for a fall of 68 cents from Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$134,284 being bought, while US$104,463 was sold.
Highs & Lows| Notable changes to the highest and lowest rates, the Jamaican dollar traded at, in the foreign exchange market on Monday, include, a fall of $2.27 in the lowest selling rate of the US dollar to $101.87, a decline of $1.12 in the highest buying rate of the Canadian Dollar to $97.28, a fall of $3.36 to $73 in the lowest buying rate, while the lowest selling rate dropped $3.80 to $87.20. The highest buying rate for the British Pound fell by $1.24 to $185.15 and a $3 fall in the lowest selling rate, pushed it to $172.

Dealers in the forex market who bought over US$18 million more than they sold between Tuesday and Thursday, bought US$6 million more than they sold on Friday in all currencies but the local currency selling rate increased for the fifth consecutive day.
The foreign exchange market closed on Friday, with dealers buying the equivalent of US$52,840,212 and selling US$46,464,311, in contrast to US$73,223,739 purchased and US$69,222,068 sold on Thursday.
In US dollar trading, dealers bought US$49,322,500 compared to US$70,329,703 on Thursday, as the buying rate for the US dollar declined by 3 cents to $124.94. A total of US$43,765,413 was sold versus US$67,424,252 on Thursday with the selling rate slipping 2 cents to $125.44. The Canadian dollar buying rate rose $1.15 to end at $93.98 with dealers buying C$1,046,871 and selling C$1,519,791, at an average rate that climbed by 15 cents to $96.45. The rate for buying the British Pound climbed $1.29 to $180.43 for the purchase of £1,830,846, while £930,183 was sold, with the rate gaining $1.49 to $183.76.
At the end of trading, the selling rate for Euro, rose 51 cents to close at J$140.28 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.67, for a rise of 69 cents on Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$86,371 being bought, while US$167,726 was sold.
Highs & Lows| Notable changes to the highest and lowest rates, the Jamaican dollar traded at, in the foreign exchange market on Friday, include, a rise of $2.65 in the lowest selling rate of the US dollar to $104.14, a rise of $1.40 in the highest buying rate of the Canadian Dollar to $98.40 and a fall of $1 to $76.36 in the lowest buying rate, while the British Pound enjoyed a $3 rise in the lowest selling rate to $175.

Dealers in the forex market who bought over US$14 million more than they sold on Tuesday and Wednesday, bought another US$4 million more than they sold on Thursday in all currencies, but the local currency selling rate remained unchanged for the fourth consecutive day.
The foreign exchange market closed on Thursday, with dealers buying the equivalent of US$73,223,739 and selling US$69,222,068, in contrast to US$47,426,389 purchased and US$41,268,792 sold on Wednesday.
In US dollar trading, dealers bought US$70,329,703 compared to US$43,202,460 on Wednesday, as the buying rate for the US dollar rose 19 cents to $124.97. A total of US$67,424,252 was sold versus US$38,669,562 on Wednesday with the selling rate remaining unchanged at $125.42. The Canadian dollar buying rate fell 42 cents to end at $92.83 with dealers buying C$818,078 and selling C$976,124, at an average rate that climbed by 37 cents to $96.30. The rate for buying the British Pound fell 97 cents to $179.14 for the purchase of £1,495,157, while £516,202 was sold, with the rate gaining $1.26 to $182.27.
At the end of trading, the selling rate for Euro, dropped 20 cents to close at J$139.77, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.98, for a fall of 40 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$143,028 being bought, while US$298,211 was sold.
Highs & Lows| Notable changes to the highest and lowest rates, the Jamaican dollar traded at, in the foreign exchange market on Thursday, include, a drop of $18.51 in the lowest selling rate of the US dollar to $101.49, a rise of 90 cents in the highest buying rate of the British Pound to $185.70, a rise of $1.08 in the lowest buying rate to end at $146.50, a gain of $1.40 in the highest selling rate for to $190.62 and an decline of $1 in the lowest selling rate to $172.

Bank of Jamaica intervened in the foreign exchange market on Friday but the local dollar still declined in value against the United States dollar, at the end of foreign exchange trading, as the local currency slipped to J$125.42.
The foreign exchange market closed on Friday, with dealers buying the equivalent of US$66,689,913 and selling US$71,064,031, in contrast to US$29,951,569 purchased and US$32,955,410 sold on Thursday.
In US dollar trading, dealers bought US$63,725,324 compared to US$25,380,999 on Thursday, as the buying rate for the US dollar rose 51 cents to $124.99. A total of US$69,202,703 was sold versus US$28,555,052 on Thursday with the selling rate rising 9 cents to $125.42. The Canadian dollar buying rate dropped $1.10 to end at $91.76 with dealers buying C$620,487 and selling C$945,581, at an average rate that declined by 32 cents to $95.88. The rate for buying the British Pound dropped $1.97 to $178.59 for the purchase of £1,620,012, while £648,114 was sold, with the rate falling 66 cents to $181.50.
At the end of trading, the selling rate for Euro, fell 72 cents to close at J$140.43, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.39, for a fall of 77 cents on Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$194,210 being bought, while US$200,617 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the Jamaican dollar traded at in the foreign exchange market on Friday, include, a fall of $1.15 in the highest buying rate of the US dollar to end at $125.85 and an increase in the lowest selling rate of $2 to $103.12, a decline of $11.05 in the lowest selling rate of Canadian dollar to end at $78.95, a fall of $1.10 in the highest buying rate for the British Pound to $183.50 and a rise of $2.20 in the lowest selling rate to $172.20.

On Thursday it took an average of 125.33 Jamaican dollars to purchase one United States dollar, at the end of foreign exchange trading, as the currency held above the J$125 mark for the second day in a row.
The foreign exchange market closed on Thursday, with dealers buying the equivalent of US$29,951,569 and selling US$32,955,410, in contrast to US$40,133,137 purchased and US$46,227,120 sold on Wednesday.
In US dollar trading, dealers bought US$25,380,999 compared to US$36,205,793 on Wednesday, as the buying rate for the US dollar rose 12 cents to $124.48. A total of US$28,555,052 was sold versus US$42,868,784 on Wednesday with the selling rate rising 19 cents to $125.33. The Canadian dollar buying rate rose 11 cents to end at $92.86 with dealers buying C$849,941 and selling C$584,510, at an average rate that declined by $1.02 to $96.20. The rate for buying the British Pound climbed $3.37 to $180.56 for the purchase of £2,675,978, while £1,792,447 was sold, with the rate rising by $2.31 to $182.16.
At the end of trading, the selling rate for Euro, fell 32 cents to close at J$141.15, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.16, for a fall of 21 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$55,064 being bought, while US$1,346,464 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the Jamaican dollar traded at in the foreign exchange market on Thursday, include, a rise of $1.20 in the highest buying rate of the US dollar to end at $127, a decline of $1.05 in the highest buying rate of Canadian dollar to end at $95.50, a fall of $1 in the lowest selling rate to end at $90, a rise of $1.80 in the highest buying rate for the British Pound to $184.60, a drop of $4.79 to $144.42 in the lowest buying rate, a rise of $3.03 to $187.92 for the highest selling rate and a fall of $2.80 in the lowest selling rate to $170.

The Jamaican dollar is just 20 cents away from taking 125 of the local currency to buy one United States dollar, at the end of foreign exchange trading on Tuesday.
The foreign exchange market closed on Tuesday, with dealers buying the equivalent of US$32,413,054 and selling US$36,833,568, in contrast to US$47,761,762 purchased and US$44,338,122 sold on Monday.
In US dollar trading, dealers bought US$28,797,954 compared to US$44,507,300 on Monday, as the buying rate for the US dollar rose 9 cents to $123.92. A total of US$35,336,806 was sold versus US$42,340,729 on Monday with the selling rate rising 15 cents to $124.80. The Canadian dollar buying rate jumped $1.25 to end at $93.51 with dealers buying C$1,052,007 and selling C$423,883, at an average rate that fell by $1.38 to $95.12. The rate for buying the British Pound climbed $1.47 to $176.39 for the purchase of £1,929,828, while £620,568 was sold, with the rate rising by 90 cents to $178.32.
At the end of trading, the selling rate for Euro, rose 49 cents to close at J$141.24, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.20, for a rise of 45 cents on Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$74,437 being bought, while US$287,024 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 decline of $1.75 in the highest buying rate of Canadian dollar to end at $97 and a fall of $1.80 in the lowest selling rate to $87.20. The highest buying rate for the British Pound rose $1.65 to $181.30.