Trading volumes declined sharply in the Jamaica foreign currency market on Friday, but the average trading rate against the US dollar fell, with inflows of US$38.7 million of all currencies and sale of US$33.34 million.
On Thursday, the market closed with the equivalent of US$27.57 million bought by dealers of all currencies, while they sold US$34.96 million.
The amounts of foreign currencies traded by dealers during the past week fell from the prior week. Dealers bought US$191 million in all currencies, down from US$239 million bought in the previous week. Dealers sold US$210 million, compared to US$240 million in the prior week. Actual US dollar purchases by dealers amounted to US$166 million down from US$211 million in the prior week and they sold US$184 million compared to US$222 million previously.
The Jamaica dollar gained modestly in value against the US dollar, at the close of foreign currency trading, with dealers selling US$30.55 million for 19 cents less than on Thursday with the US dollar selling rate closing at J$125.19, compared to J$125.37 in the sale of US$31.29 million at the close, on Thursday. Purchases of the US currency by dealers, amounted to US$35.32 million, with the average rate rising 35 cents to $124, compared to US$23.18 million, with the average rate of $123.65 on Thursday.
At mid-day on Friday dealers purchased US$12.59 million at an average rate of J$124.63 and sold $11.54 million at an average of J$125.15. At mid-day on the previous trading day, dealers purchased US$7.34 million at an average rate of J$124 and sold $9.8 million at an average of J$125.37.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, inched lower to J$99.06 from J$99.57 at the close on Thursday. The selling rate for the British Pound declined to J$175.94 from J$178.11 previously and the euro declined versus the Jamaican dollar to J$156.23 to buy the European common currency, versus the prior selling rate of J$156.55.

Trading volumes declined sharply in the Jamaica foreign currency market on Thursday, but the average trading rate against the US dollar fell, with inflows of US$27.57 million of all currencies and sale of US$34.96 million.
On Wednesday, the market closed with the equivalent of US$34.93 million bought by dealers of all currencies, while they sold US$54.24 million.
The Jamaica dollar gained modestly in value against the US dollar, at the close of foreign currency trading, with dealers selling US$31.29 million for 8 cents less than on Wednesday with the US dollar selling rate closing at J$125.37, compared to J$125.45 in the sale of $49.50 million at the close, on Wednesday. Purchases of the US currency by dealers, amounted to just US$23.18 million, with the average rate falling 8 cents to $123.65, compared to US$30.26 million, with the average rate of $123.73 on Wednesday.
At mid-day on Thursday dealers purchased US$7.34 million at an average rate of J$124 and sold $9.8 million at an average of J$125.37. At mid-day on the previous trading day, dealers purchased US$13.17 million at an average rate of J$124.42 and sold $15.78 million at an average of J$125.54.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, inched up to J$99.57 from J$99.54 at the close on Wednesday. The selling rate for the British Pound rose to J$178.11 from J$177.61 previously and the euro declined versus the Jamaican dollar to J$156.55 to buy the European common currency, versus the prior selling rate of J$158.54.

The Jamaica dollar fell in value against the US dollar at the close of foreign currency trading, with dealers selling US$49.50 million for 40 cents more than on Tuesday.
The US dollar selling rate closed at J$125.45, compared to J$125.05 in the sale of $32.71 million at the close, on Tuesday. Purchases of the US currency by dealers, amounted to US$30.26 million, with the average rate rising just 1 cent to $123.73, compared to US$30.62 million, with the average rate of $123.72 on Tuesday.
The market closed with inflows of US$34.93 million of all currencies, versus US$36.58 million on Tuesday, while dealers sold US$54.24 million in contrast to US$41.30 million, in the previous trading session.
At mid-day on Wednesday dealers purchased US$13.17 million at an average rate of J$124.42 and sold $15.78 million at an average of J$125.54. At mid-day on the previous trading day, dealers purchased US$16.4 million at an average rate of J$124.33 and sold $10.84 million at an average of J$124.90.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, dropped back to J$99.54 from J$102.46 at the close on Tuesday. The selling rate for the British Pound fell to J$177.61 from J$178.04 previously and the euro jumped versus the Jamaican dollar to J$158.54 to buy the European common currency, versus the prior selling rate of J$154.89.

At the close of trading in the foreign currency market the Jamaica dollar continued to gain strength, with dealers selling the US$32.71 million for 8 cents less than on Monday with US dollar selling rate closing at J$125.05, compared to $39.54 million at J$125.13 at the close, on Monday.
Purchases of the US currency by dealers, amounted to US$30.62 million, with the average rate falling 21 cents to $123.72, compared to US$46.21 million, with the average rate of $123.93 on Monday.
The market closed with inflows of US$36.58 million of all currencies, versus US$53.39 million on Monday and dealers sold US$41.30 million in contrast to US$46.59 million, in previous trading.
At mid-day on Tuesday dealers purchased US$16.4 million at an average rate of J$124.33 and sold $10.84 million at an average of J$124.90. At mid-day on the previous trading day, dealers purchased US$25.27 million at an average rate of J$124.70 and sold $15.95 million at an average of J$125.15.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, rising to J$102.46 from J$98.68 at the close on Monday. The selling rate for the British Pound increased to J$178.04 from J$177.56 previously and the euro fall against the Jamaican dollar to J$154.89 to buy the European common currency, versus the prior selling rate of J$154.93.

In US dollar trading, dealers sold US$39.54 million at a rate that fell by 15 cents to J$125.13 at the close, compared to $37.73 million at J$125.28 at the close, on Friday.
Purchases of the US currency by dealers, amounted to US$46.21 million, with the average rate rising 18 cents to $123.93, compared to US$28.76 million, with the average rate of $123.75 on Friday.
The market closed with inflows of US$53.39 million of all currencies, versus US$32.29 million on Friday and dealers sold US$46.59 million in contrast to US$39.25 million, in previous trading.
At mid-day on Monday dealers purchased US$25.27 million at an average rate of J$124.70 and sold $15.95 million at an average of J$125.15. At mid-day on the previous trading day, dealers purchased US$12.16 million at an average rate of J$124.45 and sold $15.18 million at an average of J$125.32.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, rising to J$99.68 from J$98.67 at the close on Friday. The selling rate for the British Pound increased to J$177.56 from J$177.27 previously and the euro fall against the Jamaican dollar to J$154.93 to buy the European common currency, versus the prior selling rate of J$156.62.

At the close of trading on the foreign exchange on Thursday, the euro regained a large portion of the sharp fall in value against the Jamaican dollar on Wednesday, rising $4.40 to buy the euro.
The Jamaican dollar closed trading on the foreign exchange on Thursday with losses in all four main currencies it usually trade against. The selling rate on Thursday for the Canadian dollar, rose to J$98.32 from J$97.51 at the close on Wednesday. The selling rate for the British Pound increased to J$176.49 from J$174.74 previously and the euro jumped against the Jamaican dollar to J$154.85 to buy the European common currency, versus the prior selling rate of J$150.45.
In US dollar trading, dealers sold US$36.98 million at a rate that rose 4 cents to J$125.24 at the close, compared to US$52.90 million at a rate that rose 19 cents to J$125.20 on Wednesday. Purchases of the US currency by dealers, amounted to US$43.53 million, with the average rate rising 10 cents to $124.11, compared to US$40.29 million, with the average rate rising 6 cents to $124.01on Wednesday
The market closed with inflows of all currencies, ending at US$47.9 million, versus US$44.68 million on Wednesday and dealers sold just US$39.19 million in contrast to US$54.35 million, in previous trading.
At mid-day on Thursday dealers purchased US$15,84 million at an average rate of J$124.42 and sold $10.57 million at an average of J$125.23. At mid-day on Wednesday dealers purchased US$15,61 million at an average rate of J$124.43 and sold $13.42 million at an average of J$125.24.

At the close of trading on the foreign exchange on Wednesday, the euro suffered a sharp fall in value against the Jamaican dollar with a fall of $6.54 to buy the euro.
The Jamaican dollar closed trading on the foreign exchange on Wednesday with gains in all currencies except for the US dollar.
The selling rate on Wednesday for the Canadian dollar, declined to J$97.51 from J$98.23 at the close on Tuesday. The selling rate for the British Pound fell to J$174.74 from J$175.41 previously and the euro dropped against the Jamaican dollar to J$150.45 to buy the European common currency, versus the prior selling rate of J$156.99.
In US dollar trading, dealers sold US$52.90 million at a rate that rose 19 cents to J$125.20 at the close, compared to US$43.52 million at a rate of J$125.01 on Tuesday. Purchases of the US currency by dealers, amounted to US$40.29 million, with the average rate rising 6 cents to $124.01, compared to US$47.36 million at an average rate of $123.95 on Tuesday
The market closed with inflows of all currencies, ending at US$44.68 million, versus US$53.17 million on Tuesday and dealers sold US$54.35 million in contrast to US$47.97 million, in previous trading.
At mid-day on Wednesday dealers purchased US$15,61 million at an average rate of J$124.43 and sold $13.42 million at an average of J$125.24. At mid-day on Tuesday dealers purchased US$13.34 million at an average rate of J$124.45 and sold US$14.45 million at an average of J$124.62.