Forex inflows jump to US$54M – Tuesday

Trading in the Jamaican foreign exchange market on Tuesday resulted inflows of US$53.68 million in contrast to US$30.45 million on Monday and outflows of US$37.34 million compared to US$27.05 million of all currencies previously.
Approximately, 25 percent of the intake is surrendered by dictate to Bank of Jamaica and would amount to $13 million, which is more than the percentage of the net inflows equal to $16 million.
In USA dollar trading, inflows ended at US$47.98 million versus US$25.6 million on Monday with outflows of US$33.04 million compared to US$24.65 million.
The value of the Jamaican dollar rose in value against the US dollar, with the selling rate ending at J$128.23 from J$128.40 previously. Dealers bought the US currency at an average of J$127.22, versus J$127.01 on Monday.
The selling rate for the Canadian dollar slipped to J$101.82 from J$101.85 at the close on Monday while the British Pound was slightly more costly at the close, with J$165.60 buying the British currency versus J$165.57 and the euro, gained in value against the Jamaican dollar, with it taking J$151.80 to buy the European common currency, versus J$150.48 previously.

Forex inflows drop to US$30M – Monday

Trading in the Jamaican foreign exchange market on Monday resulted inflows of US$30.45 million in contrast to US$47.01 million on Friday and outflows of US$27.05 million compared to US$39.89 million of all currencies previously.
Approximately, 25 percent of the intake is to be surrendered by dictate to Bank of Jamaica and would amount to $7.6 million, which is well short of the net inflows of $4 million.
In USA dollar trading, inflows ended at US$25.6 million versus US$38.25 million on Friday with outflows of US$24.65 million compared to US$30.84 million.
The value of the Jamaican dollar rose in value against the US dollar, with the selling rate ending at J$128.40 from J$128.55 previously. Dealers bought the US currency at an average of J$127.01, versus J$127.38 on Friday.
The selling rate for the Canadian dollar climbed to J$101.85 from J$101.83 at the close on Friday while the British Pound was less costly at the close, with J$165.57 buying the British currency versus J$166.34 and the euro, declined in value against the Jamaican dollar, with it taking J$150.48 to buy the European common currency, versus J$150.77 previously.

Forex inflows in at US$47M – Friday

Trading in the Jamaican foreign exchange market on Friday resulted inflows of US$47.01 million in contrast to US$48.44 million on Thursday and outflows of US$39.89 million compared to US$37.65 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $12 million, which is well short of the net inflows of $7 million.
In USA dollar trading, inflows ended at US$38.25 million versus US$42.03 million on Thursday with outflows of US$30.84 million compared to US$34.14 million.
The value of the Jamaican dollar slipped in value against the US dollar, with the selling rate ending at J$128.55 from J$128.44 previously. Dealers bought the US currency at an average of J$127.38, versus J$127.36 on Thursday.
The selling rate for the Canadian dollar climbed to J$101.83 from J$101.30 at the close on Thursday while the British Pound was less costly at the close, with J$166.34 buying the British currency versus J$167.68 and the euro, declined in value against the Jamaican dollar, with it taking J$150.77 to buy the European common currency, versus J$151.67 previously.

Forex inflows down to US$48M – Thursday

Trading in the Jamaican foreign exchange market on Thursday resulted inflows of US$48.44 million in contrast to US$57.76 million on Wednesday and outflows of US$37.65 million compared to US$45.81 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $12 million, which is almost in line with the net inflows.
In USA dollar trading, inflows ended at US$42.03 million versus US$48.22 million on Wednesday, with outflows of US$34.14 million compared to US$40.11 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate ending at J$128.44 from J$128.36 previously. Dealers bought the US currency at an average of J$127.36, versus J$127.39 on Wednesday.
The selling rate for the Canadian dollar climbed to J$101.30 from J$101.01 at the close on Wednesday, while the British Pound was more costly at the close, with J$167.68 buying the British currency versus J$167.14 and the euro, declined in value against the Jamaican dollar, with it taking J$151.67 to buy the European common currency , versus J$151.74 previously.

Forex inflows still high – Wednesday

Trading in the Jamaican foreign exchange market on Wednesday resulted inflows of US$57.76 million in contrast to US$69.11 million on Tuesday and outflows of US$45.81 million compared to US$45.43 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $14 million, US$2 million more than the net inflows of US$12 million.
In USA dollar trading, inflows ended at US$48.22 million versus US$60.09 million on Tuesday, with outflows of US$40.11 million compared to US$39.85 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate ending at J$128.36 from J$128.28 previously. Dealers bought the US currency at an average of J$127.39, versus J$127.21 on Tuesday.
The selling rate for the Canadian dollar dropped to J$101.01 from J$102.02 at the close on Tuesday, while the British Pound was slightly less costly at the close, with J$167.14 buying the British currency versus J$167.15 and the euro, rose in value against the Jamaican dollar, with it taking J$151.74 to buy the European common currency , versus J$151.31 previously.

Jamaican dollar slips slightly – Tuesday

Trading in the Jamaican foreign exchange market resumed on Tuesday after the holiday on Monday and resulted inflows of US$69.11 million in contrast to US$44.65 million on Friday and outflows of US$45.43 million compared to US$35.11 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $17 million, US$6 million less than the net inflows of US$23.68 million.
In USA dollar trading, inflows ended at US$60.09 million versus US$36.97 million on Friday, with outflows of US$39.85million compared to US$28.73 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.28 from J$128.23 previously. Dealers bought the US currency at an average of J$127.21, versus J$127.17 on Friday.
The selling rate for the Canadian dollar slipped to J$102.02 from J$102.57 at the close on Friday, while the British Pound was less costly at the close, with J$167.15 buying the British currency versus J$167.81 and the euro, declined in value against the Jamaican dollar, with it taking J$151.31 to buy the European common currency , versus J$151.88 previously.

Jamaican dollar gains value – Friday

Trading in the Jamaican foreign exchange market on Friday resulted in inflows of US$44.65 million, in contrast to US$44.28 million on Thursday and outflows of US$35.11 million compared to US$46.34 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million.
In USA dollar trading, inflows ended at US$36.97 million versus US$37.42 million on Thursday, with outflows of US$28.73 million compared to US$40.88 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.23 from J$128.27 previously. Dealers bought the US currency at an average of J$127.17, down from J$127.23 on Thursday.
The selling rate for the Canadian dollar slipped to J$102.57 from J$102.79 at the close on Thursday, while the British Pound was less costly at the close, with J$167.81 buying the British currency versus J$168.51 and the euro, declined in value against the Jamaican dollar, with it taking J$151.88 to buy the European common currency , versus J$152.05 previously.

More forex sold than bought in Jamaica

Trading in the Jamaican foreign exchange market on Thursday, resulted in inflows of US$44.28 million in contrast to US54.48 million on Wednesday and outflows of US$46.34 million compared to US$40.55 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million and would require the dealers to cover the difference by the middle of the coming week.
In USA dollar trading, inflows ended at US$37.42 million versus US$50.77 million on Wednesday, with outflows of US$40.88 million compared to US$38.99 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.27 from J$128.29 previously. Dealers bought the US currency at an average of J$127.23, up from J$127.30 on Wednesday.
The selling rate for the Canadian dollar increased to J$102.79 from J$102.19 at the close on Wednesday, while the British Pound was less costly at the close, with J$168.51 buying the British currency versus J$169.15 and the euro, rose in value against the Jamaican dollar, with it taking J$152.05 to buy the European common currency , versus J$151.78 previously.

US$54.5m flowed into Jamaica’s forex market

Trading in the Jamaican foreign exchange market resumed on Wednesday after the holiday on Tuesday and resulted in inflows of US54.48 million in contrast to US$51 million on Monday.

Dealers sold US$40.55 million compared to US$39.7 million of all currencies on Monday.  Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $13.6 million which equates to the difference between the amount bought and sold via the public on Wednesday.
In USA dollar trading, inflows ended at US$50.77 million versus US$45 million on Monday, with outflows of US$38.99 million compared to US$35.7 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.29 from J$128.22 previously. Dealers bought the US currency at an average of J$127.30, up from J$126.99 on Monday.
The selling rate for the Canadian dollar declined to J$102.19 from J$103.09 at the close on Monday, while the British Pound was more costly at the close, with J$169.15 buying the British currency versus J$167.54 and the euro, rose in value against the Jamaican dollar, with it taking J$151.78 to buy the European common currency , versus J$151.38 previously.

Net forex inflows end July at US$189M

Trading in the Jamaican foreign exchange market on Monday resulted inflows of US51 million in contrast to US$44.4 million on Friday and outflows of US$39.7 million compared to US$30.4 million of all currencies on previously and resulted in net inflows for July ended at US$189 million.
In USA dollar trading, inflows ended at US$45 million versus US$37.9 million on Friday, with outflows of US$35.7 million compared to US$25.5 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.22 from J$128.39 previously. At the end of June dealers were selling the Jamaican dollar at J$128.62 to the US dollar. Dealers bought the US currency at an average of J$126.99, down from J$127.26 on Friday.
The selling rate for the Canadian dollar declined to J$103.09 from J$103.34 at the close on Friday, while the British Pound was more costly at the close, with J$167.54 buying the British currency versus J$166.90 and the euro, rose in value against the Jamaican dollar, with it taking J$151.38 to buy the European common currency, versus J$150.66 previously.