Net inflows into Jamaican FX market ended at just over US$65 million in the last three weeks as inflows continue to exceed outflows. So far, the build-up has not had a great deal of impact on rates, with the US dollar closing at $126.39, compared to $126.38 at the end of June. In Friday’s trading, dealers bought US$33,384,248 while they sold only US$24,963,354, compared to US$31,271,588 purchased and US$26,915,897 sold on Thursday of all currencies.
In US dollar trading, dealers bought US$30,676,215 compared to US$28,969,620 on Thursday as the buying rate for the US dollar fell 1 cent to $125.70. A total of US$23,514,139 was sold versus US$25,427,424 on Thursday with the selling rate rising by 3 cents to end at $126.39. 
The Canadian dollar buying rate rose by 64 cents to end at $94.72, with dealers buying C$1,087,177 and selling C$372,283, at an average rate that rose $1.69 to $97.92. The average rate for buying the British Pound lost 4 cents to $163.76 for the purchase of £1,353,499, while £417,196 was sold, with the rate rising 75 cents to $168.51.
At the end of trading, the selling rate for Euro, rose 90 cents to close at J$140.57 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.69, for a rise of $2.44 from Thursday’s rate. 
The US dollar equivalent of other currencies traded amounts to US$125,437 being bought, while US$604,594 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 jump of $4.50 in the lowest selling rate of the Canadian Dollar to $92.50 while the highest buying rate of the British Pound climbed $4.35 to $171.65, the lowest buying rate rose 83 cents to end at $134.46, the highest selling rate dipped $1.23 to end at $172.65 and the lowest selling rate rose $2.30 to end at $160.
Jamaican$ slips vs all on Tuesday
The Jamaican FX market saw inflows being evenly matched with outflows the net intake by authorized dealers in the last two weeks at US$43 million as dealers bought US$34,285,976 while they sold US$33,801,066, compared to US$44,428,362 purchased and US$32,128,979 sold on Monday of all currencies.
In US dollar trading, dealers bought US$30,509,159 compared to US$40,750,679 on Monday as the buying rate for the US dollar climbed 7 cents to $125.66. A total of US$30,651,019 was sold versus US$28,803,311 on Monday with the selling rate rising by 13 cents to end at $126.38. 
The Canadian dollar buying rate rose by 81 cents to end at $93.58 with dealers buying C$1,001,065 and selling C$1,448,252, at an average rate that climbed 40 cents to $97.74. The average rate for buying the British Pound jumped $3.04 to $163.42 for the purchase of £2,265,997, while £1,511,108 was sold, with the rate rising $1.92 to $165.17.
At the end of trading, the selling rate for Euro, rose 11 cents to close at J$140.48 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.28, for a gain of $2.15 from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$84,518 being bought, while US$54,998 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Tuesday, include, a drop of 76 cents in the highest selling rate of the Canadian Dollar to $100.44. The highest buying rate of the British Pound jumped $7.55 to $172, the highest selling rate dropped $1.16 to close at $170.13 while the lowest selling rate jumped $6.93 to end at $157.93.
Strengthening Jamaican$ underway
The Jamaican FX market enjoyed another day of large surplus of inflows over outflows with US$12 dollar bought by dealers over the amount they sold as the local currency recorded revaluation against all three majors. The surplus bring the net intake by authorized dealers to US$43 million and seems set to result in more gains for the Jamaican dollar during the months of July and August when inflows are at high levels compared to the period from April to June.
Dealers bought US$44,428,362 while they sold US$32,128,979, compared to US$39,149,128 purchased and US$33,935,011 sold on Friday of all currencies.
In US dollar trading, dealers bought US$40,750,679 compared to US$36,478,342 on Friday as the buying rate for the US dollar fell 19 cents to $125.59. A total of US$28,803,311 was sold versus US$32,685,350 on Friday with the selling rate declining by 12 cents to end at $126.25. 
The Canadian dollar buying rate fell 97 cents to end at $92.77 with dealers buying C$1,075,569 and selling C$1,762,340, at an average rate that declined 1 cent to $97.34. The average rate for buying the British Pound fell $1.27 to $160.38 for the purchase of £1,864,043, while just £772,048 was sold, with the rate falling 2 cents to $163.25.
At the end of trading, the selling rate for Euro, climbed $1.29 to close at J$140.37 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.13, for a fall of $2.32 from Friday’s rate. The US dollar equivalent of other
currencies traded amounts to US$502,680 being bought, while US$968,571 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 sharp drop of $2 in the lowest selling rate of the Canadian Dollar to $91.50. The highest buying rate of the British Pound dropped 70 cents to $164.45, the highest selling rate rose 65 cents to close at $171.29 while the lowest selling rate dropped $5 to end at $151.
Jamaican$ gains vs US on Friday
The selling rate of the Jamaican dollar gained against the US dollar on Friday but lost value against the Pound and the Canadian dollar. Dealers bought the equivalent of US$5 million more than the amount they sold in all currencies, taking the surplus purchased in the last ten days to US$31 million, with the amount bought by dealers bringing in US$39,149,128 while they sold US$33,935,011, compared to US$42,540,905 purchased and US$39,173,759 sold on Thursday.
In US dollar trading, dealers bought US$36,478,342 compared to US$38,938,631 on Thursday as the buying rate for the US dollar fell 8 cents to $125.78. A total of US$32,685,350 was sold versus US$36,995,002 on Thursday with the selling rate declining by 1 cent to end at $126.37. 
The Canadian dollar buying rate fell 38 cents to end at $93.74 with dealers buying C$786,372 and selling C$416,532, at an average rate that rose 93 cents to $97.35. The average rate for buying the British Pound rose 86 cents to $161.65 for the purchase of £1,551,063, while just £581,751 was sold, with the rate climbing 94 cents to $163.27.
At the end of trading, the selling rate for Euro, declined by 8 cents to close at J$139.07 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.45, for a fall of 95 cents from Thursday’s rate. The US dollar equivalent of other currencies traded amounts to US$91,301 being bought, while US$177,131 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 sharp drop of $19.30 in the lowest selling rate of the US dollar to close at $102.95, a rise of $1.90 in the lowest selling rate of the Canadian Dollar to $93.50. The highest buying rate of the British Pound dropped $1.85 to $165.15, the lowest buying rate rose 83 cents to end at $131.14, the highest selling rate slipped $2.61 to close at $170.64 while the lowest selling rate jumped $6 to end at $156.
Jamaican$ gains on Thursday
The selling rate of the Jamaican dollar gained against the three major international currencies on Thursday, with dealers buying the equivalent of US$3.4 million more than the amount they sold in all currencies, taking the surplus purchased in the last nine days to US$26 million, with the amount bought by dealers bringing in US$42,540,905 while they sold US$39,173,759, compared to US$36,409,528 purchased and US$38,432,327 sold on Wednesday.
In US dollar trading, dealers bought US$38,938,631 compared to US$34,179,993 on Wednesday as the buying rate for the US dollar rose 12 cents to $125.86. A total of US$36,995,002 was sold versus US$37,284,442 on Wednesday with the selling rate declining by 9 cents to end at $126.38. 
The Canadian dollar buying rate rose 52 cents to end at $94.12 with dealers buying C$954,725 and selling C$643,879, at an average rate that dropped 47 cents to $96.42. The average rate for buying the British Pound fell 6 cents to $160.79 for the purchase of £1,820,691, while just £911,188 was sold, with the rate dropping 54 cents to $162.33.
At the end of trading, the selling rate for Euro, declined by $1.20 to close at J$139.16 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.40, for a rise of 86 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$562,371 being bought, while US$517,190 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 sharp jump of $19.30 in the lowest selling rate of the US dollar to close at $122.25, a fall of $1.60 in the lowest selling rate of the Canadian Dollar to $91.60. The highest buying rate of the British Pound gained $1 to $167, the lowest buying rate fell $1.66 to end at $130.31, the highest selling rate rose $1.53 to close at $173.25 while the lowest selling rate slipped $3 to end at $150.
FX dealers stock falls to US$23M
The foreign exchange market closed on Wednesday with dealers selling the equivalent of US$2 million more than the amount they bought in all currencies, cutting the surplus purchased in the last eight days to just under US$23 million, with the amount bought by dealers bringing in US$36,409,528 while they sold US$38,432,327, compared to US$41,291,337 purchased and US$48,935,256 sold on Tuesday.
In US dollar trading, dealers bought US$34,179,993 compared to US$37,461,931 on Tuesday as the buying rate for the US dollar rose 4 cents to $125.74. A total of US$37,284,442 was sold versus US$46,552,628 on Tuesday with the selling rate rising by 12 cents to end at $126.47. The Canadian dollar 
buying rate dropped by $1.74 to end at $93.60 with dealers buying C$712,347 and selling C$774,494, at an average rate that dropped 6 cents to $96.89. The average rate for buying the British Pound fell $2.32 to $160.85 for the purchase of £1,004,680, while a mere £146,197 was sold, with the rate dropping $3.13 to $162.87.
At the end of trading, the selling rate for Euro, declined 28 cents to close at J$140.36 from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.54, for a fall of 3 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded amounts to US$414,085 being bought, while US$366,269 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 sharp fall of $18.55 in the lowest selling rate of the US dollar to close at $102.95, a rise of $1.70 in in the lowest selling rate of the Canadian Dollar to $93.20. The highest buying rate of the British Pound fell $2.10 to $166, the highest selling rate dropped $8.28 to close at $171.72 while the lowest selling rate slipped $3 to end at $153.
FX authorized dealers stock dips to US$25M
The foreign exchange market closed on Tuesday with dealers selling the equivalent of US$7.6 million more than the amount they bought in all currencies, cutting the surplus purchased in the last seven days to just under US$25 million, with the amount bought by dealers bringing US$41,291,337 while they sold US$48,935,256, compared to US$34,816,027 purchased and US$27,530,551 sold on Monday.
In US dollar trading, dealers bought US$37,461,931 compared to US$32,597,751 on Monday as the buying rate for the US dollar rose 30 cents to $125.70. A total of US$46,552,628 was sold versus US$26,126,325 on Monday with the selling rate rising by 7 cents to end at $126.35. 
The Canadian dollar buying rate rose by $1.27 to end at $95.34 with dealers buying C$1,643,548 and selling C$1,255,725, at an average rate that dropped $2.19 to $96.95. The average rate for buying the British Pound climbed $1.02 to $163.17 for the purchase of £1,663,078, while £676,667 was sold, with the rate dropped $2.54 to $166.
At the end of trading, the selling rate for Euro, rose 7 cents to close at J$140.65 from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.57, for a fall of 51 cents from Monday’s rate. The US dollar equivalent of other currencies traded amounts to US$423,920 being bought, while US$530,120 was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates for the Jamaican dollar in the foreign exchange market on Tuesday include, a sharp fall of $6.46 in the highest buying rate of the US dollar to close at $126.70, a surge of $10.95 in the lowest buying rate to $102.95 and a big jump of $28.50 in the lowest selling rate to end at $121.50. There was a decline of $3.68 in the highest buying rate of the Canadian Dollar to $97.30. The lowest buying rate for the British Pound fell $1.49 to $132.80, the highest selling rate jumped $5.26 to close at $180 while the lowest selling rate gained $7.50 to end at $156..
Authorized dealers stock pile US$32M
Trading levels fell below a normal Monday with a subdued amount of inflows and outflows coming off heavy inflows on Friday. In the process the Jamaica dollar remained stable against the United States dollar but slipped versus the Pound and Canadian, with trading leading to a 6th straight day of more buying of foreign currency by dealers than selling.
The foreign exchange market closed with dealers buying the equivalent of US$7 million more than the amount sold in all currencies, bringing the surplus purchased in the last six days to just under US$32 million, with the amount bought by dealers bringing US$$34,816,027 while they sold US$27,530,551, compared to US$63,555,858 purchased and US$42,928,790 sold on Friday.
In US dollar trading, dealers bought US$32,597,751 compared to US$61,641,959 on Friday as the buying rate for the US dollar fell 53 cents to $125.40. A total of US$26,126,325 was sold versus US$41,808,480 on Friday with the selling rate remaining unchanged at $126.28. 
The Canadian dollar buying rate rose by 19 cents to end at $94.07 with dealers buying C$1,008,510 and selling C$971,896, at an average rate that climbed $2.80 to $99.14. The average rate for buying the British Pound dipped $1.67 to $162.15 for the purchase of £1,031,175, while £447,195 was sold, with the rate jumping $1.16 to $168.54.
At the end of trading, the selling rate for Euro, rose 17 cents to close at J$140.57 from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.08, for a rise of 45 cents from Friday’s rate. The US dollar equivalent of other currencies traded amounts to US$128,393 being bought, while US$44,402 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 sharp rise of $6.56 in the highest buying rate of the US dollar to close at $133.16, a drop of $10.96 in the lowest buying rate to $92 and a fall $9.91 in the lowest selling rate to end at $93. There was a rise of $3.18 in the highest buying rate of the Canadian Dollar to $100.98, a rise of 90 cents in the lowest selling rate to close at $91.60. The British Pound suffered losses, with the highest buying rate dropping $2.42 to $167.58, the lowest buying rate dropped $1.42 at $134.29 and the highest selling rate dived $6.26 to close at $174.74.
Jamaican$ gained vs US for week
The Jamaica dollar had one of the best periods against the United States dollar this week, with the selling rate hardly moving from the close of Friday, June 23 of $126.35 to close on Friday July 1, at $126.28 as more inflows of US dollars came into the system than the amounts sold.
The foreign exchange market closed with dealers buying the equivalent of US$11.6 million more than the amount sold in all currencies, bringing the surplus purchased in the last five days to just under US$25 million, with the amount bought by dealers bringing US$63,555,858 while they sold US$42,928,790, compared to US$37,497,494 purchased and US$36,347,234 sold on Thursday.
In US dollar trading, dealers bought US$61,641,959 compared to US$34,965,091 on Thursday as the buying rate for the US dollar rose 15 cents to $125.93. A total of US$41,808,480 was sold versus US$35,041,039 on Thursday with the selling rate falling 10 cents to $126.28. The Canadian dollar buying rate rose by 17 cents to end at $93.88 with dealers buying C$759,027 and selling C$545,417, at an average rate that dropped $1.54 to $96.34. The average rate for buying the British Pound dipped $2.43 to $163.83 for the purchase of £941,985, while £441,374 was sold, with the rate dropping $2.47 to $167.38.
At the end of trading, the selling rate for Euro, rose 10 cents to close at J$140.41 from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.64, for a fall of 20 cents from Thursday’s rate.
The US dollar equivalent of other currencies traded amounts to US$122,582 being bought, while US$119,171 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 $1.80 in the highest buying rate of the Canadian Dollar to $97.80, a rise of 80 cents in the lowest selling rate to close at $90.70. The British Pound had a mixed day of trading, with the highest buying rate dropping $12.50 to $170, but the lowest buying rate jumped $15.71 at $135.71, the highest selling rate dived by $6 to close at $181 and the lowest selling rate dropped by $4.50 to end at $148.50.
1 week stability for Jam$ vs US
The Jamaica dollar had one of the best period against the United States dollar this week, with the selling rate hardly moving from the close of Friday, June 23 of $126.35 and only moving by 3 cents at the close on Thursday to end the month at $126.38. The near stability comes against the back ground of instability in world currency markets since last week, following the vote in Britain to leave EEC.
The local currency ended May with the selling rate ending at $125.41 to the US dollar and ended June, taking almost J$1 more to buy the US dollar. By Monday June 13, the rate moved to $125.99 and on Friday the 17th to $126.07, before easing slowly, in the last week of the month.
On Thursday, the Jamaican dollar lost ground slightly against the US dollar but suffered greater losses against the Canadian dollar and the severely battered Pound.
The foreign exchange market closed with dealers buying the equivalent of US$1 million more than the amount sold in all currencies, bringing the surplus purchased in the last four days to $13 million, with the amount bought by dealers being US$37,497,494 while they sold US$36,347,234, compared to US$53,634,075 purchased and US$55,336,297 sold on Wednesday.
In US dollar trading, dealers bought US$34,965,091 compared to US$50,461,084 on Wednesday as the buying rate for the US dollar fell 26 cents to $125.78. A total of US$35,041,039 was sold versus US$53,396,084 on Wednesday with the selling rate rising 1 cent to $126.38. The Canadian dollar buying rate rose by 58 cents to end at $93.71 with dealers buying C$755,321 and selling C$419,675, at an average rate that climbed $1.20 to $97.88. The average rate for buying the British Pound climbed 41 cents to $166.26 for the purchase of £1,427,616, while £571,210 was sold, with the rate gaining 26 cents to $169.85.
At the end of trading, the selling rate for Euro, rose 65 cents to close at J$140.31 from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.84, for a gain of 70 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded amounts to US$82,580 being bought, while US$213,501 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 fall of $2.56 in the highest buying rate of the Canadian Dollar to $96, a rise of 83 cents in the lowest buying rate to close at $77.19. The British Pound had a mixed day of trading, with the highest buying rate jumping $11 to $182.50, but the lowest buying rate remained unchanged at $120, the highest selling rate rose by $3 to close at $187 and the lowest selling rate dropped by $6 to end at $153. The highest and lowest rates for the Pound are close to the rates that the currencies traded at before the sharp fall last week.
