Trading in the forex market in Jamaica resulted in the value of the Jamaican dollar slipping in value against the three main foreign currencies. Overall there was buying of the equivalent of US$39,424,623 versus US$54,541,839 on Tuesday, and selling of the equivalent of US$36,883,135 compared to US$51,849,629 on Tuesday.
In US dollar trading, dealers bought US$35,027,815 compared to US$46,951,936 on Tuesday. The buying rate for the US dollar rose 6 cents to $114.12 and US$34,615,995 was sold versus US$48,252,657 on Tuesday with the selling rate rising 7 cents to $114.66. The Canadian dollar buying rate lost 31 cents to $96.34 with dealers buying C$1,903,363 and selling C$1,148,199, at an average selling rate that gained 11 cents, to $97.69. The rate for buying the British Pound fell 50 cents to $175.97 for the purchase of £1,705,748, while £724,736 was sold, the rate gained 47 cents to $177.68. At the end of trading it took J$139.39 to purchase the Euro, 15 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.66 for an increase of 26 cents. Other currencies bought, amounted to the equivalent of US$159,733 while the equivalent of US$165,851, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $114.90, the lowest buying and highest selling rates closed unchanged at $93.52 and $119.84 respectively. The lowest selling rate dropped $16.43 to $95.37. The highest buying rate for the Canadian dollar rose 60 cents to $99.80, the lowest buying rate climbed 29 cents $78.14. The highest selling rate rose 6 cents to $100.81 and the lowest selling rate is up 20 cents to end at $94. The highest buying rate for the British Pound, gained 26 cents to $178.39. The lowest buying rate plummeted by $42.14 to $100, the highest selling rate slipped $1.17 to $182.07 and the lowest selling rate ended 60 cents higher at $171.85.
J$ ends 2014 down
J$ gains on strong flows Wednesday
The Jamaican dollar gained value against the three main currencies it normally trades against, in Wednesday’s foreign exchange trading. The total value of currencies traded while down from the heavy trades in the previous three days, was still relatively high on Christmas eve, with more than US$42 million.
Overall there was buying of the equivalent of US$46,285,377 versus US$51,072,479 on Tuesday, and selling of the equivalent of US$42,969,928 compared to US$68,959,488 on Tuesday. In US dollar trading, dealers bought US$42,996,967 compared to US$45,621,979 on Tuesday. The buying rate for the US dollar rose 7 cents to $113.99 and US$41,082,846 was sold versus US$66,949,150 on Tuesday with the selling rate falling 3 cents to $114.54. The Canadian dollar buying rate lost 34 cents to $95.64 with dealers buying C$1,522,032 and selling C$877,928, at an average selling rate that fell 14 cents, to $97.63. The rate for buying the British Pound declined 43 cents to $175.68 for the purchase of £1,183,049, while £516,953 was sold, the rate eased 41 cents to $177.23. At the end of trading it took J$139.51 to purchase the Euro, 89 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$136.63, for a decline of $3.22. Other currencies bought, amounted to the equivalent of US$188,078 while the equivalent of US$338,918, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed $1.02 to $115.87, the lowest buying rate closed 25 cents lower at $93.52 and highest selling rate fell 21 cents to $120.16. The lowest selling rate remained unchanged at $93.94. The highest buying rate for the Canadian dollar dipped 80 cents to $99. The lowest buying rate fell 67 cents to $77.85. The highest selling rate fell 11 cents to $101.22 and the lowest selling rate slipped 75 cents to $93.80. The highest buying rate for the British Pound, rose 20 cents to $179. The lowest buying rate fell $1.87 to $142.14, the highest selling rate declined by $4.02 to $181.73 and the lowest selling rate fell $2.10 to $171.25.
FX trading remains elevated on Tuesday
Heavy trading in Foreign currency which commenced on Friday last, continued into Tuesday with buying of more than US$51 million and selling of nearly $70 million. The Jamaican dollar gained value against the British Pound, the Canadian Dollar and the Euro, but slipped slightly against the US dollar.
Overall there was buying of the equivalent of US$51,072,479 versus US$67,262,829 on Monday, and selling of the equivalent of US$68,959,488 compared to US$54,210,527 on Monday. In US dollar trading, dealers bought US$45,621,979 compared to US$61,524,538 on Monday. The buying rate for the US dollar fell 17 cents to $113.92, and US$66,949,150 was sold versus US$51,640,183 on Monday, with the selling rate rising 3 cents to $114.57. The Canadian dollar buying rate gained 11 cents to $95.98 with dealers buying C$2,121,251 and selling C$972,385, at an average selling rate that fell 30 cents, to $97.77. The rate for buying the British Pound declined 26 cents to $176.09 for the purchase of £2,198,952 while £664,324 was sold, the rate eased 74 cents to $177.64. At the end of trading it took J$140.40 to purchase the Euro, 12 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.85, for a decline of 7 cents. Other currencies bought, amounted to the equivalent of US$264,243 while the equivalent of US$150,558, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained unchanged at $114.85, the lowest buying rate closed 17 cents lower at $93.77 and highest selling was unchanged at $120.37. The lowest selling rate fell $16.06 to $93.94. The highest buying rate for the Canadian dollar rose 30 cents to $99.80. The lowest buying rate fell 33 cents to $78.52. The highest selling rate rose 11 cents to $101.33 and the lowest selling rate was unchanged at $94.55. The highest buying rate for the British Pound, dropped $6.85 to $178.80. The lowest buying rate fell 8 cents to $144.01, highest selling rate increased 10 cents to $185.75 and the lowest selling rate was unchanged at $173.35.
J$ falls vs euro, US & Pound Wednesday
The Jamaican dollar lost value against the United States dollar, the euro and the Pound but gained on the Canadian dollar on Wednesday.
Overall there was buying of the equivalent of US$37,454,527 versus US$43,503,554 on Tuesday, and selling of the equivalent of US$35,556,606 compared to US$46,130,818 on Tuesday. In US dollar trading, dealers bought US$34,094,712 compared to US$38,358,526 on Tuesday. The buying rate for the US dollar rose 6 cents to $113.94 and US$30,789,157 was sold versus US$42,437,376 on Tuesday. The selling rate rose 7 cents to $114.48. The Canadian dollar buying rate fell 44 cents to $95.86 with dealers buying C$1,444,094 and selling C$1,029,110, at an average selling rate that declined 91 cents, to $97.91. The rate for buying the British Pound rose 13 cents to $177 for the purchase of £1,284,128, while £1,858,576 was sold, the rate climbed 88 cents to $180.05. At the end of trading it took J$143.12 to purchase the Euro, $1.14 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$140.32, for an increase of $1.26. Other currencies bought, amounted to the equivalent of US$150,076 while the equivalent of US$964,190, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $114.80, the lowest buying rate was unchanged at $93.69. The highest selling rate gained 16 cents to $120.21 and the lowest selling rate rose 60 cents to $112.10. The highest buying rate for the Canadian dollar was unchanged at $98.62. The lowest buying rate closed 33 cents lower, at $78.19. The highest selling rate fell $1 to $101.50 and the lowest selling rate moved down 60 cents to $94. The highest buying rate for the British Pound, dipped $1.10 to $179.40. The lowest buying rate was unchanged at $143.96, highest selling rate lost $2.47 to $183.12 the lowest selling rate lost $1.20 to $172.25.
J$ gain on euro falls vs others Tuesday
The Jamaican dollar lost value against the United States dollar and against the euro but gained against the Pound and the Canadian dollar on Tuesday, a day of robust foreign exchange trading.
Overall, there was buying of the equivalent of US$43,503,554 versus US$56,094,979 on Monday, and selling of the equivalent of US$46,130,818 compared to US$47,505,422 on Monday. In US dollar trading, dealers bought US$38,358,526 compared to US$49,500,391 on Monday. The buying rate for the US dollar rose 23 cents to $113.88 and US$42,437,376 was sold versus US$43,962,004 on Monday. The selling rate rose 12 cents to $114.41. The Canadian dollar buying rate inched up 8 cents to $96.30 with dealers buying C$1,987,289 and selling C$2,034,522, at an average selling rate that rose 36 cents, to $98.82. The rate for buying the British Pound fell 44 cents to $176.87 for the purchase of £2,127,681, while £992,180 was sold, the rate climbed 30 cents to $179.17. At the end of trading it took J$141.98 to purchase the Euro, 24 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.06, as the rate fell 56 cents. Other currencies bought, amounted to the equivalent of US$160,113 while the equivalent of US$382,324, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.75, the lowest buying rate gained 17 cents to $93.69. The highest selling rate was unchanged $120.05 and the lowest selling rate jumped $17.98 to $111.50. The highest buying rate for the Canadian dollar declined by 38 cents to end at $98.62. The lowest buying rate closed 12 cents lower, at $78.52. The highest selling rate rose 59 cents to $102.50 and the lowest selling rate moved down 15 cents to $94.60. The highest buying rate for the British Pound, rose 80 cents to $180.50. The lowest buying rate closed 21 cents lower at $143.96, highest selling rate lost 27 cents to $185.59 the lowest selling rate rose 45 cents to $173.45.
US dollar buying nets US$12M on Friday
The Jamaican dollar lost value against all three major currencies, on Friday in spite of more foreign exchange being bought by dealers than the amount they sold.
Authorized dealers purchased a net equivalent of US$3.6 million for all currencies, but that disguises what took place on the day, as a net selling of the British pound primarily by National Commercial Bank (NCB) with a net sale of £4.6 million overshadows the net buying of US$12 million by dealers, mainly by Scotia Bank with a net of US$4.5 million, NCB net of US$3 million, Sagicor net of US$2 million.
Overall there was buying of the equivalent of US$60,517,416 versus US$32,509,858 on Thursday, and selling of the equivalent of US$56,937,674 compared to US$26,135,874 on Thursday. In US dollar trading, dealers bought US$56,245,001 compared to US$25,759,759 on Thursday. The buying rate for the US dollar rose 39 cents to $113.76 and US$44,323,676 was sold versus US$22,639,166 on Thursday. The selling rate rose 5 cents to $114.12. The Canadian dollar buying rate fell 37 cents to $98.25 with dealers buying C$2,597,398 and selling C$3,597,398, at an average selling rate that gained 65 cents, to $99.90. The rate for buying the British Pound climbed 17 cents to $176.53, for the purchase of £1,176,395, while £5,626,341 was sold, the rate rose 86 cents to $179.73. At the end of trading it took J$141.24 to purchase the Euro, 35 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.28, a fall of 40 cents. Other currencies bought, amounted to the equivalent of US$203,636 while the equivalent of US$604,170, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 20 cents higher at $114.55, the lowest buying and the highest selling rates were unchanged at $93.52 and $119.84 respectively and the lowest selling rate fell $16.14 to $95.36. The highest buying rate for the Canadian dollar climbed 25 cents to end at $99.70. The lowest buying rate closed 17 cents higher, at $79.02. The highest selling rate fell 28 cents to $101.91 and the lowest selling rate moved up 20 cents to $95.20. The highest buying rate for the British Pound, gained 55 cents to $179.85. The lowest buying rate closed with 37 cents gain at $143.96 and highest selling rate dropped $2.33 to $182.78, the lowest selling rate rose 45 cents to $173.45.
J$ loses value against all on Thursday
The Jamaican dollar lost value against all three major currencies, on Thursday with authorized dealers purchasing the equivalent of US$32,509,858 versus US$39,925,592 on Wednesday, and sold the equivalent of US$26,135,874 compared to US$42,238,712 on Wednesday.
In US dollar trading, dealers bought US$25,759,759 compared to US$32,638,029 on Wednesday. The buying rate for the US dollar fell 2 cents to $113.37 and US$22,639,166 was sold versus US$36,803,222 on Wednesday. The selling rate rose 4 cents to $114.07. The Canadian dollar buying rate fell 9 cents to $98.62 with dealers buying C$4,367,754 and selling C$2,665,178, at an average selling rate that put on 7 cents, to $99.27. The rate for buying the British Pound climbed 9 cents to $176.36, for the purchase of £1,699,564, while £661,850 was sold, the rate rose 46 cents to $178.87. At the end of trading it took J$141.59 to purchase the Euro, 10 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.68, an increase of 8 cents. Other currencies bought, amounted to the equivalent of US$306,962 while the equivalent of US$139,827, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.35, the lowest buying, the highest selling and the lowest selling rates were unchanged at $93.52, $119.84 and $111.50 respectively. The highest buying rate for the Canadian dollar slipped 15 cents to end at $99.45. The lowest buying rate closed 42 cents lower, at $78.85. The highest selling rate was unchanged at $102.19 and the lowest selling rate dipped 50 cents to $95. The highest buying rate for the British Pound, lost 50 cents to $179.30. The lowest buying and lowest selling rates were unchanged at $143.59 and $173 respectively, the highest selling rate rose $3.31 to $185.11.
