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 $173.
Jamaican$ loses more ground – Friday
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.
Mixed trading for TTSE stocks- Wednesday
The Composite Index rose 0.20 points to close at 1,109.82, the All T&T Index fell 1.11 points to close at 1,760.12 and the Cross Listed Index gained 0.21 points to 61.11.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| National Commercial Bank rose by 3 cents in trading 1,000 shares and closed at $2.45 and Trinidad and Tobago NGL gained 6 cents in trading 22,555 units valued at $473,500 to close at $21.
Losses| National Flour ended with 943 shares changing hands and closed with a fall of 1 cent to $2.19, Scotiabank closed with 18,956 shares valued at $1,013,767 changing hands but fell by 32 cents, to end at a 52 weeks’ low of $53.48 and West Indian Tobacco lost 4 cents in closing at $126.36 with only 15 units trading.
Firm Trades| Clico Investment Fund traded 53,122 shares with a value of $1,203,213, to close at $22.65, First Citizens traded 196,645 shares with a value of $5,899,288 to close at $30, Guardian Holdings ended with 17,767 shares changing hands at $12.85, Massy Holdings closed trading with 14,573 shares valued at $701,835, to close at $48.16. Point Lisas traded 1,459 units at $3.80, Prestige Holdings traded 730 shares at $11.30, Republic Financial Holdings closed at $107.89 with 20 shares changing hands and Trinidad Cement traded 9,820 units at $3.50.
US$ 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 $188.
More US$ sold than bought – Monday
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 $172.
J$ loses ground on Friday
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 $175.
J$ holds vs US for 4th day to Thursday
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 $172.
J$ stand still vs US on Wednesday
Dealers in the forex market who bought over US$8 million more than they sold on Tuesday bought another US$6 million more than they sold on Wednesday in all currencies but hey bought in US$4.5 million more than they sold in United States currency.
The foreign exchange market closed on Wednesday, with dealers buying the equivalent of US$47,426,389 and selling US$41,268,792, in contrast to US$88,926,675 purchased and US$80,478,200 sold on Tuesday.
In US dollar trading, dealers bought US$43,202,460 compared to US$84,018,742 on Tuesday, as the buying rate for the US dollar fell 19 cents to $124.78. A total of US$38,669,562 was sold versus US$77,992,668 on Tuesday with the selling rate remaining unchanged at $125.42. The Canadian dollar buying rate rose 66 cents to end at $93.25 with dealers buying C$1,422,115 and selling C$1,968,258, at an average rate that climbed by 12 cents to $95.93. The rate for buying the British Pound rose $1.44 to $180.11 for the purchase of £2,141,432, while £687,061 was sold, with the rate gaining 12 cents to $181.01.
At the end of trading, the selling rate for Euro, dropped 67 cents to close at J$139.97, from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.38, for a fall of 66 cents on Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$70,461 being bought, while US$102,157 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 jump of $18.26 in the lowest selling rate of the US dollar to end at $120, a fall of $1.10 in the highest selling rate to $98.40 for the Canadian dollar , a rise of $1.70 in the highest buying rate of the British Pound to $184.80, a rise of $1 in the lowest buying rate to end at $145.42, a rise of $1.30 in the highest selling rate for to $189.22 and an increase of $1 in the lowest selling rate to $173.