Foreign exchange inflows continue to exceed sales by wide margins for the past two months,as net inflows grew yet again, with authorized dealers buying another $15.8 million more than they sold on Monday, bringing the net inflows since the end of June, to US$254 million. In Monday’s trading, dealers bought US$63,176,140 and sold US$47,394,596 compared to US$40,765,078 purchased and US$32,968,997 sold on Friday, of all currencies.
In US dollar trading, dealers bought US$59,700,993 compared to US$38,520,593 on Friday. The buying rate for the US dollar climbed 15 cents to close at $126.91. A total of US$44,268,643 was sold versus US$30,809,968 on Friday, with the selling rate rising 8 cents to end at $127.44. The Canadian dollar buying rate rose 55 cents to $96.17, with dealers buying C$2,398,362 and selling C$2,521,603 at an average rate that rose 14 cents to $98.68. The average rate for buying the British Pound fell $2.29 to $162.98 for the purchase of £1,111,668 while only £293,780 was sold with the rate dropped $1.99 to end at $165.68.
At the end of trading, the selling rate for the Euro, fell 37 cents to close at J$143.75 from Friday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$137.96 for a fall of $3.15 from the rate on Friday. The US dollar equivalent of other currencies traded amounts to US$230,040 being bought, while US$791,447, was sold.Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Monday, include a drop of $1.40 in the highest buying rate for the Canadian Dollar to close at $98.60 and a fall of $1.30 in the lowest selling rate to $93.30. Trading in the British Pound resulted in a fall of $1.20 in the highest buying rate to $168 and a fall of $2.50 in the lowest selling rate to close of $160.
More inflows in Ja. FX market
As authorized dealers bought another $7.3 million more than they sold on Thursday bringing the net inflows since the end of June, to US$228 million. In Thursday’s trading, dealers bought US$42,116,500 and sold US$34,757,990 compared to US$48,991,761 purchased and US$30,732,595 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$38,450,163 compared to US$46,332,966 on Wednesday. The buying rate for the US dollar was unchanged at $126.82. A total of US$32,644,249 was sold versus US$28,655,368 on Wednesday, with the selling rate rising 6 cents to end at $127.31. The Canadian dollar buying rate rose 12 cents to at $95.61, with dealers buying C$976,528 and selling C$516,412 at an average rate that fell 86 cents to $97.96. The average rate for buying the British Pound dropped 74 cents to $164.34 for the purchase of £2,007,388, while £1,030,002 was sold with the rate climbing $1.19 to end at $168.27.
At the end of trading, the selling rate for the Euro, fell 83 cents to close at J$143.57 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$139.72 for a rise of $1.49 from the rate on Wednesday. The US dollar equivalent of other currencies traded amounts to US$328,758 being bought, while US$354,975, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a jump of $3.24 in the highest selling rate for the US dollar to $137.54, a decline of $1.15 in the highest buying rate of Canadian Dollar to close at $99.50. Trading in the British Pound resulted in a rise of $1.96 in the highest selling rate to $176.58 and a fall of $1.50 in the lowest selling rate to close of $161.
FX stock pile now US$189M – Friday
Authorized dealers added another $6 million to their stockpile of foreign exchange on Friday moving the net purchases since the end of June, to US$189 million by Jamaica’s foreign exchange dealers as the selling rate for the United States dollar rose again.
In Friday’s trading, dealers bought US$44,787,776 and sold US$38,925,904 compared to US$43,395,032 purchased and US$37,474,064 sold on Thursday, of all currencies.
In US dollar trading, dealers bought US$42,010,057 compared to US$39,678,921 on Thursday. The buying rate for the US dollar fell 1 cent to $126.65. A total of US$36,526,935 was sold versus US$35,507,077 on Thursday, with the selling rate rising 5 cents to end at $127.20. The Canadian dollar buying rate fell 54 cents to end at $95.62, with dealers buying C$1,077,564 and selling C$1,486,362 at an average rate that jumped $1.14 to $99.28. The average rate for buying the British Pound climbed $1.01 to $163.53 for the purchase of £1,409,548, while £854,904 was sold with the rate jumping by $1.15 to end at $166.07.
At the end of trading, the selling rate for the Euro, dropped $2.33 to close at J$142.59 from Thursday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$457,288 being bought, while US$411,932 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 of $18.80 in the lowest selling rate for the US dollar to $104.20, a rise of 97 cents in the highest selling rate of Canadian Dollar to close at $103.68, a jumped of $5 in the lowest selling rate to end at $95. Trading in the British Pound resulted in a rise of $3.64 in the highest buying rate to $170.74, a rise of $1.91 in the lowest buying rate to $134.88, a rise of $2.48 in the lowest buying rate to end at $175.50 while the lowest selling rate climbed $2 to close of $160.
FX stock pile now US$183M – Thursday
Authorized dealers added $6 million to their stockpile of foreign exchange on Thursday, moving the net purchases since the end of June, to just above US$183 million by Jamaica’s foreign exchange dealers.
In Thursday’s trading, dealers bought US$43,395,032 and sold US$37,474,064 compared to US$45,088,179 purchased and US$44,439,314 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$39,678,921 compared to US$41,895,891 on Wednesday. The buying rate for the US dollar rose 9 cents to $126.66. A total of US$35,507,077 was sold versus US$42,609,761 on Wednesday, with the selling rate rising 3 cents to end at $127.15. The Canadian dollar buying rate fell 25 cents to end at $96.16, with dealers buying C$1,276,184 and selling C$953,348 at an average rate that slipped 26 cents to $98.14. The average rate for buying the British Pound rose 13 cents to $162.52 for the purchase of £1,784,815, while £631,596 was sold with the rate falling by 17 cents to end at $164.92.
At the end of trading, the selling rate for the Euro, rose $1.90 to close at J$144.92 from Wednesday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$457,288 being bought, while US$411,932 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a rise of $19.51 in the lowest selling rate for the US dollar to $123, a fall of $1 in the highest buying rate of Canadian Dollar to close at $99.50, a dropped of $2 in the lowest selling rate to end at $90. Trading in the British Pound resulted in a rise of $1.50 in the highest buying rate to $167.10 and the lowest selling rate fell 60 cents to close of $158.
Stock pile moves just above US$177M – Wednesday
Authorized dealers added under $1 million to their stockpile of foreign exchange on Wednesday, moving the net purchases since the end of June, to just above US$177 million by Jamaica’s foreign exchange dealers.
In Wednesday’s trading, dealers bought US$45,088,179 and sold US$44,439,314 compared to US$49,290,241 purchased and US$37,062,318 sold on Tuesday, of all currencies.
In US dollar trading, dealers bought US$41,895,891 compared to US$47,271,163 on Tuesday. The buying rate for the US dollar rose 8 cents to $126.57. A total of US$42,609,761 was sold versus US$35,570,768 on Tuesday, with the selling rate rising 9 cents to end at $127.12. The Canadian dollar buying rate rose $1.15 to end at $96.41, with dealers buying C$1,640,529 and selling C$980,057 at an average rate that slipped 4 cents to $98.40. The average rate for buying the British Pound jumped $2.18 to $162.39 for the purchase of £1,307,986, while £745,124 was sold to end at $165.09, for a rise of $1.07.
At the end of trading, the selling rate for the Euro, rose 82 cents to close at J$143.02 from Tuesday’s rate, according to data from Bank of Jamaica, The US dollar equivalent of other currencies traded amounts to US$264,486 being bought, while US$103,202 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 rise of $2.30 in the highest buying rate of the Canadian Dollar to close at $100.50, a jump of $2 in the lowest selling rate to end at $92. Trading in the British Pound resulted in a drop of 80 cents in the highest buying rate to $165.60, the highest selling rate jumped $4.12 to close at $172.80 and lowest selling rate fell 40 cents to close of $158.60.