The foreign exchange market closed on Friday, with dealers buying the equivalent of US$35,541,148 and selling US$47,935,497, in contrast to US$34,538,580 purchased and US$28,970,535 sold on Thursday. The net amount sold includes US$4 equivalent of the Pound was sold than the amount purchased by dealers.
In US dollar trading, dealers bought US$32,883,247 compared to US$31,823,942 on Thursday, as the buying rate for the US dollar rose 13 cents to $123.78. A total of US$41,138,924 was sold versus US$26,895,108 on Thursday with the selling rate rising 21 cents to $124.57.
The Canadian dollar buying rate dipped $1.47 to end at $92.34 with dealers buying C$668,675 and selling C$415,469, at an average rate that lost $1.02 to $95.64. The rate for buying the British Pound fell 35 cents to $175.81 for the purchase of £1,451,605, while £4,434,263 was sold, with the rate climbing by 60 cents to $179.63.
At the end of trading, the selling rate for Euro, fell 11 cents to close at J$141.83, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.90, for a fall of 10 cents from Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$97,337 being bought, while US$97,985 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 $29.54 in the highest selling rate of US dollar to end at $160, a rate that seems out of line with other rates the US dollar traded at. There was a fall of $2.90 in the highest buying rate of Canadian dollar to end at $95.30 and a fall of $3.11 in the lowest buying rate to end at $73, lowest selling rate jumped $6.50 to end at $91. The highest buying rate for the British Pound rose $2.50 to $183 and the lowest selling rate slipped $1 to $170.
Sales exceed buying by US$12.5m – Friday
More FX bought than sold – Thursday
The foreign exchange market closed on Thursday, with dealers buying the equivalent of US$34,538,580 and selling a lesser amount of US$28,970,535, in contrast to US$30,075,609 purchased and US$34,894,176 sold on Wednesday.
In US dollar trading, dealers bought US$31,823,942 compared to US$27,452,160 on Wednesday, as the buying rate for the US dollar rose 22 cents to $123.65. A total of US$26,895,108 was sold versus US$33,361,430 on Wednesday with the selling rate rising 21 cents to $124.36. The Canadian dollar buying rate climbed 29 cents to end at $93.81 
with dealers buying C$921,762 and selling C$578,798, at an average rate that gained $1.01 to $96.66. The rate for buying the British Pound rose 21 cents to $176.16 for the purchase of £1,346,582, while £655,809 was sold, with the rate climbing by 45 cents to $178.63.
At the end of trading, the selling rate for Euro, rose 70 cents to close at J$141.94, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139, for a rise of $1.01 from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$96,933 being bought, while US$683,621 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Thursday are, a rise of $19.37 in the lowest selling rate of US dollar to end at $119.90, a rise of $1.40 in the highest buying rate of Canadian dollar to end at $98.20 and a fall of $5.50 in the lowest selling rate to end at $84.50. There was a fall of $1 in the highest buying rate for the British Pound to $180.50, a decline of $6.17 in the lowest buying rate to $142.51 and a jump of $3.04 in the highest selling rate to $185.76.
Jamaican$ almost 125 to US$ – Wednesday
The foreign exchange market closed on Wednesday, with dealers buying the equivalent of US$30,075,609 and selling US$34,894,176, in contrast to US$28,998,834 purchased and US$45,337,734 sold on Tuesday.
In US dollar trading, dealers bought US$27,452,160 compared to US$25,822,561 on Tuesday, as the buying rate for the US dollar rose 50 cents to $123.43. 
A total of US$33,361,430 was sold versus US$28,682,783 on Tuesday with the selling rate rising 20 cents to $124.15. The Canadian dollar buying rate climbed $1.10 to end at $93.52 with dealers buying C$910,251 and selling C$591,647, at an average rate that gained $1.03 to $95.65. The rate for buying the British Pound rose 51 cents to $175.95 for the purchase of £1,263,299, while £667,095 was sold, with the rate dropping by $1.96 to $178.18.
At the end of trading, the selling rate for Euro, rose 8 cents to close at J$141.24, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.99, a fall of 19 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$132,877 being bought, while US$119,499 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Wednesday are, a rise of $1.80 in the highest buying rate of Canadian dollar to end at $96.80 and a rise of $5.50 in the lowest selling rate to end at $90. A rise of $3.20 in the highest buying rate for the British Pound to $181.50, a rise of $6.83 in the lowest buying rate to $148.68 and a fall of $1.85 in the lowest selling rate to $171.
Large Pound sell off – Tuesday
Dealers sold £11 million, the equivalent of US$16 million in trading on the Jamaican foreign exchange market on Tuesday. The selling rate jumped by $5.42 to over J$180 and the highest rate for selling the pound ended at J$184.57. The amount sold, is much higher than the regular daily intake, and much less than the average sales, that tends to be well under a million Pounds.
Over the last week, just under £5 million more was purchased by dealers than they sold as demand for Pounds tend to be less than the inflows. The most likely buyer for the bulk of the trade, would be the Bank of Jamaica.
The market closed with dealers buying the equivalent of US$28,998,834 and selling US$45,337,734, with US$16 million of the sales being the sell-off of the Pound, in contrast to US$48,999,565 purchased and US$43,396,687 sold on Monday.
In US dollar trading, dealers bought US$25,822,561 compared to US$45,983,812 on Monday, as the buying rate for the US dollar fell 15 cents to $122.93. A total of US$28,682,783 was sold versus US$42,353,389 on Monday with the selling rate rising 11 cents to $123.95. The Canadian dollar buying rate climbed 56 cents to end at $92.42 with dealers buying C$1,025,619 and selling C$475,586, at an average rate that declined 73 cents to $94.62. The rate for buying the British Pound rose $1.41 to $175.44 for the purchase of £1,573,961, while a big sell off of £11,043,238, the equivalent of US$16 million took place, with the rate jumping by $5.42 to $180.14.
At the end of trading, the selling rate for Euro, fell 21 cents to close at J$141.16, from 
Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.18, a fall of 24 cents from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$159,077 being bought, while US$241,629 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Tuesday are, a decline of $1 in the highest buying rate of Canadian dollar to end at $95 and a fall of $5.50 in the lowest selling rate to end at $84.50. A fall of $1 in the highest buying rate for the British Pound to $178.30 and a rise of $1.10 in the lowest selling rate to $170.50.
More slippage for Jamaican$ – Monday
Trading in the Jamaican foreign exchange market saw dealers purchasing a moderately more US dollars over the amount they sold on Monday for the third consecutive day. The local currency still suffered losses against the US and Canadian dollars at the end of trading.
The market closed with dealers buying the equivalent of US$48,999,565 and selling US$43,396,687, in contrast to US$38,558,450 purchased and US$36,272,279 sold on Friday.
In US dollar trading, dealers bought US$45,983,812 compared to US$35,051,410 on Friday, as the buying rate for the US dollar climbed 6 cents to close at $123.08. 
A total of US$42,353,389 was sold versus US$34,816,524 on Friday with the selling rate rising 9 cents to $123.84. The Canadian dollar buying rate fell $1.57 to end at $91.86 with dealers buying C$1,138,053 and selling C$598,764, at an average rate that rose 25 cents to $95.35. The rate for buying the British Pound declined by $1.95 to $174.03 for the purchase of £1,383,880, while £294,257 was sold, as the rate declined by $2.42 to $174.73.
At the end of trading, the selling rate for Euro, rose 51 cents to close at J$141.36, 
from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.42 for a gain of 49 cents from Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$209,698 being bought, while US$167,122 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Monday are, a rise of $1 in the lowest selling rate of the Canadian dollar to end at $90 and a jump of $22.67 in the lowest selling rate for the British Pound to $169.40.
More FX bought than sold – Friday
Trading in the Jamaican foreign exchange market saw dealers purchasing a moderately more US dollars over the amount they sold on Friday, while the total amount of currencies bought by dealers was slightly more than the amount sold for the second day. The local currency still suffered losses against the US dollar at the end of trading.
The market closed with dealers buying the equivalent of US$38,558,450 and selling US$36,272,279, in contrast to US$30,846,091 purchased and US$29,596,417 sold on Thursday.
In US dollar trading, dealers bought US$35,051,410 compared to US$28,578,046 on Thursday, as the buying rate for the US dollar climbed 18 cents to close at $123.02.
A total of US$34,816,524 was sold versus US$27,862,374 on Thursday with the selling rate rising 19 cents to $123.75. The Canadian dollar buying rate rose 87 cents to end at $93.43 with dealers buying C$952,889 and selling C$688,384, at an average rate that dropped $1.37 to $95.10. The rate for buying the British Pound rose 83 cents to $175.98 for the purchase of £1,898,256, while £550,350 was sold, as the rate declined by $2.64 to $177.14.
At the end of trading, the selling rate for Euro, declined by $1.10 to close at J$140.85, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.93 for a fall of $1.21 from Thursday’s rate. 
The US dollar equivalent of other currencies traded amounts to US$67,996 being bought, while US$138,942 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Friday are, a fall of $19.33 in the lowest selling rate of the US dollar to end at $100.37, a fall of $2.17 in the highest selling rate of the Canadian dollar to end at $98.93 and a decline of $2 in the lowest selling rate to $89, a drop of $24.07 in the lowest selling rate for the British Pound to end at $146.73.
More US$ bought than sold – Thursday
Trading in the Jamaican foreign exchange market saw dealers purchasing a moderate amount of US dollars over the amount they sold on Thursday, while the total amount of currencies bought by dealers was slightly more than the amount sold. The local currency still suffered losses against the US dollar.
The market closed with dealers buying the equivalent of US$30,846,091 and selling US$29,596,417, in contrast to US$34,649,112 purchased and US$40,256,846 sold on Wednesday.
In US dollar trading, dealers bought US$28,578,046 compared to US$31,302,170 on Wednesday, as the buying rate for the US dollar fell 7 cents to close at $122.84. 
A total of US$27,862,374 was sold versus US$38,684,691 on Wednesday with the selling rate rising 5 cents to $123.56. The Canadian dollar buying rate dropped $1.54 to end at $92.56 with dealers buying C$652,621 and selling C$771,360, at an average rate that rose 70 cents to $96.47. The rate for buying the British Pound fell 94 cents to $175.15 for the purchase of £1,184,774, while £730,094 was sold, as the rate rose $2.32 to $179.78.
At the end of trading, the selling rate for Euro, declined 18 cents to close at J$141.95, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.14 for a fall of $1.90 from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$86,981 being bought, while US$69,571 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Thursday are, a fall of 95 cents in the highest buying rate of the Canadian dollar to end at $96.55 and a decline of $1.03 in the lowest buying rate to $75.95, a drop of $5.86 in the highest buying rate for the British Pound to end at $178,60 and a fall of 79 cents in the lowest buying rate to $142.39.
Dealers sold US$7m more than bought – Wednesday
Trading in the Jamaican foreign exchange market saw dealers purchasing US$7 million less they sold on Wednesday, with the rate of the local dollar continuing to be eroded against the critical US dollar. The Jamaican dollar nevertheless gained against the Pound and the Canadian dollar.
The market closed with dealers buying the equivalent of US$34,649,112 and selling US$40,256,846, in contrast to US$35,269,451 purchased and US$41,196,078 sold on Tuesday.
In US dollar trading, dealers bought US$31,302,170 compared to US$32,440,716 on Tuesday, as the buying rate for the US dollar rose 45 cents to close at $122.91. A total of US$38,684,691 was sold versus US$39,691,937 on Tuesday with the selling rate rising 11 cents to $123.51. 
The Canadian dollar buying rate climbed 14 cents to end at $94.10 with dealers buying C$891,028 and selling C$679,332, at an average rate that slipped $1.59 to $95.77. The rate for buying the British Pound rose 49 cents to $176.09 for the purchase of £1,790,583, while £630,659 was sold, as the rate fell $1.60 to $177.46.
At the end of trading, the selling rate for Euro, climbed 30 cents to close at J$142.13, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$141.04 for a fall of 8 cents from Tuesday’s rate.
The US dollar equivalent of other currencies traded amounts to US$99,484 being bought, while US$139,307 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Wednesday are, a rise of $18.98 in the lowest selling rate of the US dollar to end at $119.35, a fall of $1 in the highest buying rate of the Canadian dollar to end at $97.50 and an increase of $3.10 in the lowest selling rate to $90.30, a rise of $3.46 in the highest buying rate for the British Pound to end at $184.46, a fall of $2.59 in the highest selling rate to $184.79 and a rise of $3 in the lowest selling rate to $171.
US$7m more FX sold than bought – Tuesday
Trading in the Jamaican foreign exchange market saw dealers selling US$7 million more in US currency than they purchased on Tuesday, with the rate of the local dollar continuing to be eroded against the critical US dollar. But the Jamaican dollar gained against the Pound and the Canadian dollar.
The market closed with dealers buying the equivalent of US$35,269,451 and selling US$41,196,078, in contrast to US$55,574,036 purchased and US$47,693,027 sold on Monday.
In US dollar trading, dealers bought US$32,440,716 compared to US$52,708,850 on Monday, as the buying rate for the US dollar fell 11 cents to close at $122.46. 
A total of US$39,691,937 was sold versus US$44,797,667 on Monday with the selling rate rising 22 cents to $123.40. The Canadian dollar buying rate dropped 21 cents to end at $93.96 with dealers buying C$670,778 and selling C$452,944, at an average rate that slipped 12 cents to $97.36. The rate for buying the British Pound rose 35 cents to $175.60 for the purchase of £1,505,483, while £620,723 was sold, as the rate fell 49 cents to $179.06.
At the end of trading, the selling rate for Euro, climbed 78 cents to close at J$141.83, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$141.12 for a rise of 96 cents from Monday’s rate.
The US dollar equivalent of other currencies traded amounts to US$155,229 being bought, while US$246,143 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Tuesday are, a rise of $4.81 in the lowest buying rate of the Canadian dollar to end at $77.81 and a fall of $2.10 in the lowest selling rate to $87.20, a rise of 70 cents in the highest buying rate for the British Pound to end at $181 and a rise in the highest selling rate of 81 cents to $187.38.
US$8m more FX bought than sold – Monday
Trading in the Jamaican foreign exchange market saw dealers purchasing US$8 million more than they sold on Monday. The rate of the local dollar continue to be eroded against the critical US dollar. The Jamaican dollar also declined against the Pound but gained against the Canadian dollar.
The market closed with dealers buying the equivalent of US$55,574,036 and selling US$47,693,027, in contrast to US$33,671,447 purchased and US$25,438,235 sold on Friday.
In US dollar trading, dealers bought US$52,708,850 compared to US$30,487,529 on Friday, as the buying rate for the US dollar rose 20 cents to close at $122.57. A total of US$44,797,667 was sold versus US$24,056,712 on 
Friday with the selling rate rising 3 cents to $123.18. The Canadian dollar buying rate dropped 99 cents to end at $94.17 with dealers buying C$1,249,836 and selling C$810,992, at an average rate that slipped 5 cents to $97.48. The rate for buying the British Pound fell 65 cents to $175.25 for the purchase of £1,251,371, while £1,451,992 was sold, as the rate jumped $2.53 to $179.55.
At the end of trading, the selling rate for Euro, climbed $1.72 to close at J$141.05, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$140.16 for a rise of $3.18 from Friday’s rate. 
The US dollar equivalent of other currencies traded amounts to US$115,775 being bought, while US$137,203 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar against the main currencies on Monday are, a fall of $2.63 in the lowest selling rate of the US dollar to end at $100.03, a rise of $2.10 in the lowest selling rate of the Canadian dollar to $89.30 and a decline of $4.40 in the lowest selling for the British Pound to end at $167.80.
