J$ declined vs. US & Can$ on Friday

On Friday, the Jamaican dollar lost value against the US dollars and Canadian but gained on the Pound, as authorized dealers purchased the equivalent of US$39,911,362 versus US$30,422,816, on Thursday and sold the equivalent of US$31,492,889 compared with US$27,742,500 on Thursday
FX sum 7-11-14In US dollar trading, dealers bought US$34,063,940 compared to US$26,257,563 on Thursday. The buying rate for the US dollar rose 11 cents to $112.48 and US$28,225,359 was sold versus US$25,344,008 on Thursday, the selling rate rose 6 cents to $112.91. The Canadian dollar buying rate, jumped 53 cents to $97.86 with dealers buying C$2,562,566 and selling C$1,377,160, at an average selling rate that rose 62 cents, to $99.12. The rate for buying the British Pound rose 60 cents to $177.61, for the purchase of £1,717,244, while £505,058 was sold, at $179.33, a fall of 3 cents. Other currencies bought, amounted to the equivalent of US$906,492, while the equivalent of US$1,256,338, was sold.
FX hl 7-11-14Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the lowest selling rates were unchanged at $113.10, $91.85 and $91.85 respectively but the highest selling rate rose 21 cents to $117.91. The highest buying rate for the Canadian dollar climbed 75 cents, to $99.55, the lowest buying rate rose 30 cents to $78.44, the highest selling rate increased $1.45 to close at $102.20. The lowest selling rate gained 35 cents to $94.50. The highest buying rate for the British Pound, inched up 25 cents to $180. The lowest buying rate rose 25 cents to $143.96, the highest selling rate fell $3.11 to $182.16 and the lowest selling rate climbed 30 cents to $173.45.

J$ declined against US$ on Thursday

On Thursday, the Jamaican dollar lost value against the US dollars but gained on Canadian and the Pound, as authorized dealers purchased the equivalent of US$30,422,816 versus US$27,785,981, on Wednesday and sold the equivalent of US$27,742,500 compared with US$31,164,648 on Wednesday
FX sum 6-11-14In US dollar trading, dealers bought US$26,257,563 compared to US$24,785,903 on Wednesday. The buying rate for the US dollar rose 10 cents to $112.37 and US$25,344,008 was sold versus US$29,738,793 on Wednesday, the selling rate rose 5 cents to $112.85. The Canadian dollar buying rate, jumped 74 cents to $97.33 with dealers buying C$1,591,344 and selling C$1,177,257, at an average selling rate that fell 60 cents, to $98.50. The rate for buying the British Pound dropped 87 cents to $177.01, for the purchase of £1,099,934, while £437,264 was sold, at $179.36, a fall of 25 cents. Other currencies bought, amounted to the equivalent of US$1,054,289, while the equivalent of US$675,875, was sold.
FX HL 6-11-14Highs & Lows| The highest buying rate for the US dollar, rose 20 cents to $113.10, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively but the lowest selling rate dropped $18.15 to $91.85. The highest buying rate for the Canadian dollar lost 65 cents, to $98.80, the lowest buying rate fell 13 cents to $78.14, the highest selling rate fell 25 cents to close at $100.75. The lowest selling rate declined 15 cents to $94.15. The highest buying rate for the British Pound, dipped 35 cents to $179.75. The lowest buying rate fell 71 cents to $143.71, the highest selling rate rose 7 cents to $185.27 and the lowest selling rate declined 85 cents to $173.15.

J$ mostly decline on Wednesday

On Wednesday, the Jamaican dollar lost value against the Canadian and US dollars but gained on the Pound, as authorized dealers purchased the equivalent of US$27,785,981 versus US$30,681,096, on Tuesday and sold the equivalent of US$31,164,648 compared with US$34,360,936 on Tuesday
FX sum 5-11-14In US dollar trading, dealers bought US$24,785,903 compared to US$25,190,135 on Tuesday. The buying rate for the US dollar rose 7 cents at $112.27 and US$29,738,793 was sold versus US$30,791,749 on Tuesday, the selling rate rose 4 cents to $112.80. The Canadian dollar buying rate, dipped $1.39 to $96.59 with dealers buying C$932,681 and selling C$805,340, at an average selling rate that rose 31 cents, to $99.10. The rate for buying the British Pound dropped 26 cents to $177.88, for the purchase of £1,328,043, while £338,783 was sold, at $179.61, a fall of 13 cents. Other currencies bought, amounted to the equivalent of US$93,496, while the equivalent of US$178,835, was sold.
FX HL 5-11-14Highs & Lows| The highest buying rate for the US dollar, rose 2 cents to $112.90, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively but the lowest selling rate shot up $16.34 to $110. The highest buying rate for the Canadian dollar lost 40 cents, to $99.45, the lowest buying rate fell 83 cents to $78.27, the highest selling rate fell $1.50 to close at $101. The lowest selling rate declined 70 cents to $94.30. The highest buying rate for the British Pound, dipped 40 cents to $180.10. The lowest buying rate rose 46 cents to$144.42, the highest selling rate fell 71 cents to $185.20 and the lowest selling rate rose 25 cents to $174.

J$ gains against all on Monday

On Monday, the Jamaican dollar gained against all the three main currencies it normally trade with as authorized dealers purchased the equivalent of US$50,365,682 versus US$31,518,654, on Friday and sold the equivalent of US$45,798,087 compared with US$28,175,798 on Friday
FX sum 3-11-14In US dollar trading, dealers bought US$45,307,960 compared to US$26,675,958 on Friday. The buying rate for the US dollar remained unchanged at $112.23 and US$42,168,635 was sold versus US$25,607,049 on Friday, the selling rate fell 1 cents to $112.75. The Canadian dollar buying rate, fell 51 cents to $97.12 with dealers buying C$1,662,904 and selling C$1,022,205, at an average selling rate that dropped $1.18, to $99.40. The rate for buying the British Pound dropped 37 cents to $178.27, for the purchase of £2,174,085, while £1,422,207 was sold, at $180.20, a fall of 4 cents. Other currencies bought, amounted to the equivalent of US$165,079, while the equivalent of US$455,118, was sold.
FX HL 3-11-14Highs & Lows| The highest buying rate for the US dollar, rose 3 cents to $112.88, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively but the lowest selling rate dropped $18.15 to $91.85. The highest buying rate for the Canadian dollar was unchanged at $100.66, the lowest buying rate declined 29 cents to $79.02, the highest selling rate gained 34 cents to close at $103.10. The lowest selling rate declined 35 cents to $95.20. The highest buying rate for the British Pound, dipped 10 cents to $180.60. The lowest buying rate rose 41 cents to $143.96, the highest selling rate climbed $1.53 to $185.59 and the lowest selling rate rose 50 cents to $173.45.

J$ make gains on Friday

The Jamaican dollar gained against the British Pound and the Canadian dollar and remained stable versus the US dollar on Friday, as foreign exchanged flows remained at normal levels.
FX sum 31-10-14On Friday, authorized dealers purchased the equivalent of US$31,518,654 versus US$32,649,087, on Thursday and sold the equivalent of US$28,175,798 compared with US$28,021,523 on Thursday. In US dollar trading, dealers bought US$26,675,958 compared to US$25,714,484 on Thursday. The buying rate for the US dollar lost 9 cents to $112.23 and US$25,607,049 was sold versus US$24,894,405 on Thursday, the selling rate was unchanged at $112.76. The Canadian dollar buying rate, fell $3.03 to $97.63 with dealers buying C$1,113,258 and selling C$606,883, at an average selling rate that dropped $1.40, to $100.58. The rate for buying the British Pound moved up 54 cents to $178.64, for the purchase of £1,850,586, while £447,466 was sold, at $180.24, a fall of 22 cents. Other currencies bought, amounted to the equivalent of US$928,466, while the equivalent of US$1,312,188, was sold.
FXHL 31-10-14Highs & Lows| The highest buying rate for the US dollar, fell 15 cents to $112.85, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively but the lowest selling rate jumped $18.15 to $110. The highest buying rate for the Canadian dollar fell 74 cents to $100.66, the lowest buying rate declined 74 cents to $79.31, the highest selling rate was unchanged at $102.76. The lowest selling rate declined 90 cents to $95.55. The highest buying rate for the British Pound, dipped 80 cents to $180.70. The lowest buying rate eased $1.82 to $143.55, the highest selling rate declined by $3.35 to $184.06 and the lowest selling rate dropped $1.55 to $172.95.

Low forex demand forced BOJ’s intervention

Jamaica's Central Bank head quarters Downtown Kingston

Jamaica’s Central Bank head quarters Downtown Kingston

The Jamaican dollar gained against the British Pound, fell moderately versus the US dollar and lost $1.38 versus the Canadian dollar, in trading on Thursday. One IC Insider’s source stated that there is weak demand for foreign exchange currently, while others indicate that the dealers can supply large amounts to the market in recent weeks.
IC Insider can now confirm that the country’s central bank (Bank of Jamaica) has been intervening in the market to purchase excess funds and thus prevent too much appreciation for the Jamaican dollar at a time when the rate of inflation has been rising and could erode the gains made against the US dollar, in 2014.
Authorized dealers purchased the equivalent of US$32,649,087 versus US$32,884,034, on Wednesday and sold the equivalent of US$28,021,523 compared with US$32,831,045 on Wednesday.
FX sum 30-10-14In US dollar trading, dealers bought US$25,714,484 compared to US$30,229,144 on Wednesday. The buying rate for the US dollar lost 3 cents to $112.32 and US$24,894,405 was sold versus US$31,632,195 on Wednesday, the selling rate rose 3 cent to $112.76. The Canadian dollar buying rate, rose $2.38 to $100.66 with dealers buying C$3,327,907 and selling C$1,986,255, at an average selling rate that climbed $1.37, to $101.98. The rate for buying the British Pound moved down 85 cents to $178.10, for the purchase of £943,417, while £400,984 was sold, at $180.46, a fall of $1.02. Other currencies bought, amounted to the equivalent of US$2,456,217, while the equivalent of US$689,010, was sold.
FX HL 30-10-14Highs & Lows| The highest buying rate for the US dollar, fell 50 cents to $113, the lowest buying, the highest selling and the lowest selling rates were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar fell 53 cents to $101.40, the lowest buying rate rose 70 cents to $80.05, the highest selling rate fell 36 cents to $102.76. The lowest selling rate declined $1.05 to $96.45. The highest buying rate for the British Pound, dipped 70 cents to $181.50. The lowest buying rate eased 46 cents to $145.37, the highest selling rate rose 27 cents to $187.41 and the lowest selling rate dropped $3.50 to $174.50.

J$ gained vs Canadian & Pound on Wednesday

The Jamaican dollar gained most against the British Pound and Canadian dollar, but fell moderately versus the US dollar, in trading on Wednesday. Authorized dealers purchased the equivalent of US$32,884,034 versus US$33,265,759, on Tuesday and sold the equivalent of US$32,831,045 compared with US$40,508,881 on Tuesday.
FX sum 29-10-14In US dollar trading, dealers bought US$30,229,144 compared to US$27,496,261 on Tuesday. The buying rate for the US dollar gained 10 cents to $112.35 and US$31,632,195 was sold versus US$35,263,494 on Tuesday, the selling rate rose 2 cent to $112.73. The Canadian dollar buying rate, fell $1.37 to $98.28 with dealers buying C$3,177,324 and selling C$532,191, at an average selling rate that declined 49 cents, to $100.61. The rate for buying the British Pound moved down 11 cents to $178.95, for the purchase of £942,161, while £356,742 was sold, at $181.48, a fall of 13 cents. Other currencies bought, amounted to the equivalent of US$259,832, while the equivalent of US$149,651, was sold.
FXHL 29-10-14Highs & Lows| The highest buying rate for the US dollar, climbed 65 cents to $113.50, the lowest buying, the highest selling and the lowest selling rates were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose 93 cents to $101.93, the lowest buying rate remained at $79.35, the highest selling rate climbed 12 cents to $103.12. The lowest selling rate jumped $1.90 to $97.50. The highest buying rate for the British Pound, rose 45 cents to $182.20. The lowest buying rate was up by 75 cents to $145.83, the highest selling rate had no change at $187.14 and the lowest selling rate jumped $3.10 to $178.

Jamaican$ lost most vs Pound on Tuesday

The Jamaican dollar lost most against the British Pound, but underwent moderate changes with the US and Canadian dollars in trading on Tuesday, as authorized dealers bought US$7 million less funds than was sold. Dealers purchased the equivalent of US$33,265,759 versus US$59,284,131, on Monday and sold the equivalent of US$40,508,881 compared with US$43,206,616 on Monday.
FX 28-10-14In US dollar trading, dealers bought US$27,496,261 compared to US$51,676,419 on Monday. The buying rate for the US dollar lost 5 cents to $112.24 and US$35,263,494 was sold versus US$38,092,548 on Monday, the selling rate rose 4 cent to $112.71. The Canadian dollar buying rate, climbed 78 cents to $99.65 with dealers buying C$3,177,324 and selling C$4,673,998, at an average selling rate that declined 7 cents, to $101.09. The rate for buying the British Pound moved up 31 cents to $179.06, for the purchase of £1,526,729, while £503,224 was sold, at $181.60, an increase of 67 cents. Other currencies bought, amounted to the equivalent of US$512,958, while the equivalent of US$242,382, was sold.
FX hl 28-10-14Highs & Lows| The highest buying rate for the US dollar, the lowest buying, the highest selling and the lowest selling rates were unchanged at $112.85, $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose 10 cents to $101, the lowest buying rate fell 16 cents to $79.35, the highest selling rate climbed 20 cents to $103. The lowest selling rate dropped 20 cents to $95.60. The highest buying rate for the British Pound, fell $6.25 to $181.75. The lowest buying rate had no change at $145.08, the highest selling rate eased 86 cents to $187.14 and the lowest selling rate jumped $23.52 to $174.90.

$16M more US$ bought than sold on Monday

The Jamaican dollar underwent moderate changes in trading on Monday, as authorized dealers bought US$16 million more than was sold. They purchased the equivalent of US$59,284,131 versus US$35,558,566, on Friday and sold the equivalent of US$43,206,616, compared with US$33,852,780 on Friday.
FX sum 27-10-14In US dollar trading, dealers bought US$51,676,419 compared to US$29,263,800 on Friday. The buying rate for the US dollar gained 3 cents to $112.29 and US$38,092,548 was sold versus US$26,297,179 on Friday, the selling rate fell 1 cent to $112.67. The Canadian dollar buying rate, dived $1.06 to $98.87 with dealers buying C$5,612,540 and selling C$4,831,223, at an average selling rate that rose 11 cents, to $101.16. The rate for buying the British Pound fell back by 59 cents to $178.75, for the purchase of £1,581,380, while £418,877 was sold, at $180.93, down by 11 cents. Other currencies bought, amounted to the equivalent of US$148,806, while the equivalent of US$103,868, was sold.
FX HL 27-10-14Highs & Lows| The highest buying rate for the US dollar, declined 35 cents, to $112.85, the lowest buying and the highest selling rates were unchanged at $91.85 and $117.70 respectively and the lowest selling rate, dropped $1.81 to $91.85. The highest buying rate for the Canadian dollar rose 10 cents to $100.90, the lowest buying rate rose 12 cents to $79.51, the highest selling rate climbed 44 cents to $102.80. The lowest selling rate was up 15 cents to $95.80. The highest buying rate for the British Pound, jumped $6.50 to $188. The lowest buying rate rose 66 cents to $145.08, the highest selling rate climbed $3.28 to $188 and the lowest selling rate nosedived $22.62 to $151.38.

Jamaican$ loses value again on Thursday

The Jamaican dollar lost value on Thursday, against the US and Canadian dollars, but gained against the British Pound, as authorized dealers purchased the equivalent of US$30,974,409 versus US$40,832,885, on Wednesday. The equivalent of US$30,021,063 was sold, compared with US$39,334,085 on Wednesday.
FX sum 23-10-14In US dollar trading, dealers bought US$27,235,385 compared to US$33,287,323 on Wednesday. The buying rate for the US dollar was up 10 cents to $112.23 and US$27,684,459 was sold versus US$34,157,406 on Wednesday, the selling rate rose 2 cents to $112.66. The Canadian dollar buying rate, fell $1.06 to $98.46 with dealers buying C$1,412,993 and selling C$1,022,966, at an average selling rate that rose 36 cents, to $100.68. The rate for buying the British Pound dropped $1.26 to $178.75, for the purchase of £1,466,307, while £836,955 was sold, at $180.56, a decline of $1.06. Other currencies bought, amounted to the equivalent of US$163,936, while the equivalent of US$81,055, was sold.
FX hl 23-10-14Highs & Lows| The highest buying rate for the US dollar, climbed $1.23, to $113.95, the lowest buying and the highest selling and the lowest selling rates, were unchanged at $91.85, $117.70 and $93.66 respectively. The highest buying rate for the Canadian dollar fell 20 cents to $100.50, the lowest buying rate climbed 25 cents to $79.68 and highest selling rate was unchanged at $102.80. The lowest selling rate was up $1.60 to $97.30. The highest buying rate for the British Pound, dropped $1.65 to $180.60, the lowest buying rate declined 95 cents to $144.63, the highest selling rate was up $1.91 to $186.45 and the lowest selling rate rose 90 cents to $176.30.