In the Jamaican foreign exchange market, dealers bought the equivalent of US$45,414,864 and sold US$40,270,681, compared with US$21,534,854 purchased and US$25,878,122 sold on Friday. Changes in the rates of the various currencies were mixed with the US dollar gaining.
In US dollars trading, dealers bought US$41,206,124 compared to US$18,827,307 on Friday with the buying rate for the US dollar rising 27 cents to $119.93. A total of US$38,724,325 was sold versus US$24,377,840 on Friday as the selling rate climbed 5 cents to $120.68. The Canadian dollar buying rate gained 28 cents to end at $82.67 with dealers buying C$2,311,311 and selling C$1,118,593, at an average rate that fell 42 cents to $84.29. The rate for buying the British Pound rose $1.37 to $173.09 for the purchase of £1,681,260, while £421,527 was sold, with the rate dropping $2.34 to $172.47. At the end of trading, it took J$131.55 to purchase the Euro,
for an increase of $1 on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.68 for a rise of 55 cents on Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$188,807 being bought, while US$162,575 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at were, a fall in the lowest selling rate of the US dollar of $18.39 to $98.61, a rise in the highest buying rate for the British Pound, of $1 to $176.40 and a $1.50 increase in the highest selling rate that closed at $180.69.
Jamaican$ had mixed Monday
Jamaican$ drops on Friday
In the Jamaican foreign exchange market, dealers bought the equivalent of only US$21,534,854 and sold a relatively small amount of US$25,878,122, compared with US$34,094,250 purchased and US$35,478,418 sold on Thursday.
In US dollars trading, dealers bought US$18,827,307 compared to US$31,441,995 on Thursday with the buying rate for the US dollar falling 28 cents to $119.66. A total of US$24,377,840 was sold versus US$33,323,464 on Thursday as the selling rate climbed 12 cents to $120.63. The Canadian dollar buying rate dropped 8 cents to end at $82.39 with dealers buying C$1,332,949 and selling C$692,965, at an average rate that rose 68 cents to $84.71. The rate for buying the British Pound rose 13 cents to $171.72 for the purchase of £1,019,002, while £436,967 was sold, with the rate gaining $1.70 to $174.81. At the end of trading, it took J$130.55 to purchase the Euro, for an increase of $1.09 on Thursday’s rate, according to data from
strong>Bank of Jamaica, while dealers purchased the European common currency at J$127.98 for a rise of $1.16 on Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,438 being bought, while US$380,382 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the highest selling rate for Canadian dollar by $1.19 to $90 and a fall of $3.81 in the highest selling rate for the British Pound, that closed at $180.19.
Jam$ gains against all on Thursday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$34,094,250 and sold US$35,478,418, compared with US$41,941,236 purchased and US$39,746,285 sold on Wednesday.
In US dollars trading, dealers bought US$31,441,995 compared to US$36,834,944 on Wednesday with the buying rate for the US dollar rising 17 cents to $119.94. A total of US$33,323,464 was sold versus US$37,031,528 on Wednesday as the selling rate climbed 8 cents to $120.51. The Canadian dollar buying rate dropped 88 cents to end at $82.47 with dealers buying C$1,416,413 and selling C$1,254,073, at an average rate that declined 90 cents to $84.03. The rate for buying the British Pound lost $1.91 to $171.59 for the purchase of £1,008,931, while £654,763 was sold, with the rate gaining 28 cents to $173.12. At the end of trading, it took J$129.46 to purchase the Euro, for an increase of 32 cents on Wednesday’s rate,
according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.82 for a rise of 27 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$234,961 being bought, while US$339,986 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a fall in the highest selling rate for Canadian dollar by $1.19 to $88.81 and a fall of $1.24 in the highest buying rate for the British Pound, that closed at $176, a rise of $1.84 in the highest selling rate that ended at $184 and a fall in the lowest selling rate of $1.70 to close $16.30.
Jam$ gains against all on Wednesday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$41,941,236 and sold US$39,746,285, compared with US$35,703,146 purchased and US$43,237,725sold on Tuesday.
In US dollars trading, dealers bought US$36,834,944 compared to US$32,330,168 on Tuesday with the buying rate for the US dollar falling 7 cents to $119.77. A total of US$37,031,528 was sold versus US$41,672,381 on Tuesday as the selling rate slipped 3 cents to $120.43. The Canadian dollar buying rate dropped 42 cents to end at $83.35 with dealers buying C$2,592,782 and selling C$1,914,548, at an average rate that declined 17 cents to $84.93. The rate for buying the British Pound lost 31 cents to $173.50 for the purchase of £1,961,635, while £522,647 was sold, with the rate declining $3.38 to $172.84. At the end of trading, it took J$129.15 to purchase the Euro,
for a decline of 91 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.55 for a fall of 67 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$460,202 being bought, while US$614,449 was sold.
Highs & Lows| Notable changes to the highest and lowest buying and selling rates were a rise in the lowest selling rate for Canadian dollar by $1.46 to $81.46 and the highest selling rate for the British Pound, that fell $1.24 to close $182.16.
Jam$ slips against most on Tuesday
In the Jamaican foreign exchange market, dealers bought the equivalent of US$35,703,146 and sold US$43,237,725, compared with US$44,360,218 purchased and US$40,052,989 sold on Monday.
In US dollars trading, dealers bought US$32,330,168 compared to US$39,298,993 on Monday with the buying rate for the US dollar rising 30 cents to $119.84. A total of US$41,672,381 was sold versus US$38,905,100 on Monday as the selling rate gained 9 cents to $120.46. The Canadian dollar buying rate climbed $1.06 to end at $83.77 with dealers buying C$1,870,425 and selling C$950,031, at an average rate that declined 17 cents to $85.10. The rate for buying the British Pound gained 69 cents to $173.81 for the purchase of £1,273,982, while £452,287 was sold, with the rate rising by 59 cents to $176.22. At the end of trading, it took J$130.05 to purchase the Euro, for a decline of 75 cents from Monday’s rate, according to data from Bank of Jamaica,
while dealers purchased the European common currency at J$127.22 for a fall of 80 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$217,825 being bought, while US$232,513 was sold.
Highs & Lows| The only major change to the highest and lowest buying and selling rates were recoveries in the lowest selling rate for US dollar by $79 to $117 and the lowest selling rate for the British Pound, that regained $94 to close $170.
Jam$ starts 2016 with gains
The Jamaican foreign exchange market trading activity on the last percent in 2015, fell below Thursday’s levels with dealers selling more funds than they purchased. The value of the local currency slipped against its major counterpart currencies.
In trading dealers bought the equivalent of US$44,360,218 and sold US$40,052,989, compared with US$32,723,774 purchased and US$42,295,648 sold on Thursday. Sale of US dollars , was almost equal to the amount purchased with dealers buying US$39,298,993 compared to US$29,243,474 on Thursday. The buying rate for the US dollar slipped 10 cents to $119.54.
A total of US$38,905,100 was sold versus US$40,545,786 on Thursday as the selling rate declined by 5 cents to $120.37. The Canadian dollar buying rate declined 57 cents to end at $82.71 with dealers buying C$2,074,068 and selling C$741,397, at an average rate that gained 36 cents to $85.27. The rate for buying the British Pound dropped $2.61 to $173.12 for the purchase of £1,343,622, while £328,665 was sold, with the rate rising $1.49 to $175.63. At the end of trading, it took J$130.81 to purchase the Euro, for a decline of 53 cents from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.02, for a fall of 56 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$1,680,259 being bought, while US$143,150 was sold.
Highs & Lows| The highest buying rate for US dollar, the lowest buying and the highest selling rates were unchanged at $120.70, $98.61 and $126.37 respectively but for some inexplicable reason the lowest selling rate plummeted by $78 to only $38. The Canadian dollar highest buying rate declined by 30 cents to $86.50, the lowest buying rate ended unchanged at $68.48. The highest selling rate declined by 7 cents to $88.78 and the lowest selling rate slipped 50 cents to end at $81. The highest buying rate for the British Pound, declined $1.36 to $177.80, the lowest buying and the highest selling rates remained unchanged at $142.84 and $184.15 respectively while the lowest selling rate nosedived by $94.65 to $76.
Jam$ dips to close out year down
The Jamaican foreign exchange market trading activity on the last Thursday in 2015, fell below Wednesday’s levels with dealers selling more funds than they purchased. The value of the local currency slipped against its major counterpart currencies.
In trading dealers bought the equivalent of US$32,723,774 and sold US$42,295,648, compared with US$35,663,399 purchased and US$42,378,801 sold on Wednesday.
Sale of US dollars , exceeded the amount dealers bought by US$11 million as dealers bought US$29,243,474 compared to US$31,547,200 on Wednesday. The buying rate for the US dollar rose 3 cents to $119.64.
A total of US$40,545,786 was sold versus US$40,319,564 on Wednesday as the selling rate rose 8 cents to $120.42. The Canadian dollar buying rate declined 27 cents to end at $83.28 with dealers buying C$1,528,540 and selling C$863,232, at an average rate that gained 15 cents to $84.91. The rate for buying the British Pound dropped 40 cents to $175.74 for the purchase of £1,513,957, while £686,125 was sold, with the rate rising $2.04 to $177.12. At the end of trading, it took J$131.34 to purchase the Euro, for a gain of 11 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.58, rising 6 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$192,608 being bought, while US$131,968 was sold.
Highs & Lows| The highest buying rate for US dollar rose 5 cents to $120.70,
the lowest buying, the highest and lowest selling rates were unchanged at $98.61, $126.37 and $116 respectively. The Canadian dollar highest buying rate gained 30 cents to $86.80, the lowest buying rate rose 17 cents to $68.48. The highest selling rate declined by 65 cents to $88.85 and the lowest selling rate ended unchanged at $81.50. The highest buying rate for the British Pound, rose 16 cents to $179.16, the lowest buying rate remained unchanged at $142.84, the highest selling rate climbed $2.10 to $184.15 while the lowest selling rate rose 65 cents to $170.65.
Jam$ slips v US$ gains on others
The Jamaican foreign exchange market trading activity on the final Wednesday in 2015, fell below Tuesday’s levels with dealers selling more funds than they purchased. The value of the local currency slipped slightly against the US dollar but gained against others.
In trading dealers bought the equivalent of US$35,663,399 and sold US$42,378,801, compared with US$45,261,760 purchased and US$44,691,797 sold on Tuesday.
Sale of US dollars , exceeded the amount dealers bought by US$8.8 million as dealers bought US$31,547,200 compared to US$40,016,157 on Tuesday. The buying rate for the US dollar fell 3 cents to $119.61. A total of US$40,319,564 was sold versus US$41,999,216 on Tuesday as the selling rate rose 2 cents to $120.34.
The Canadian dollar buying rate declined 21 cents to end at $83.55 with dealers buying C$1,541,212 and selling C$1,140,246, at an average rate that fell $1.13 cents to $84.76. The rate for buying the British Pound climbed by $1.04 to $176.14 for the purchase of £1,790,783, while £550,663 was sold, with the rate falling $2.06 to $175.08. At the end of trading, it took J$131.23 to purchase the Euro, for a fall of 89 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.52, falling by 57 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$402,446 being bought, while US$455,005 was sold.
Highs & Lows| The highest buying rate for US dollar fell 5 cents to $120.65,
the lowest buying was unchanged at $98.61. The highest selling rate fell 10 cents to close at $126.37 and the lowest selling rate was unchanged at $116. The Canadian dollar highest buying rate fell 70 cents to $86.50, the lowest buying rate remained at $68.31. The highest selling rate declined by 50 cents to $89.50 and the lowest selling rate rose by $1.50 to end at $81.50. The highest and lowest buying rates for the British Pound, remained unchanged at $179 and $142.84 respectively, the highest selling rate dropped $2.95 to $182.05 while the lowest selling rate fell 55 cents to $170.
Jamaican $ revalues on Tuesday
The Jamaican foreign exchange market trading activity on the final Tuesday in 2015, rose above Monday’s levels with dealers buying almost the same amounts as they sold. The value of the local currency recovered slightly against the three majors as inflows into the market rose to more normal levels for this time of the year.
Dealers bought the equivalent of US$45,261,760 and sold US$44,691,797, compared with US$31,609,960 and US$32,521,826 respectively on Monday.
Sale of US dollars , exceeded the amount dealers bought by US$2 million. Dealers bought US$40,016,157 compared to US$28,536,776 on Monday. The buying rate for the US dollar rose 19 cents to $119.64. A total of US$41,999,216 was sold versus US$31,277,510 on Monday as the selling rate fell 10 cents to $120.32.
The Canadian dollar buying rate rose $1.01 to end at $83.76 with dealers buying C$2,901,378 and selling C$1,872,608, at an average rate that fell $1.12 cents to $85.89. The rate for buying the British Pound dropped by $1.38 to $175.10 for the purchase of £1,899,154, while £857,233 was sold, with the rate falling 10 cents to $177.14. At the end of trading, it took J$132.12 to purchase the Euro, for a rise of 23 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.09, rising by 12 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$434,750 being bought, while US$93,951 was sold.
Highs & Lows| The lowest buying rate for US dollar fell 9 cents to $98.61 while the highest buying,
the highest and lowest selling rates were unchanged at $$120.70, 126.47 and $116, respectively. The highest buying rate for the Canadian dollar rose 75 cents to $87.20, the lowest buying rate fell 30 cents to $68.31. The highest selling rate remained at $90 and the lowest selling rate lost 50 cents to end at $80. The highest buying rate for the British Pound, dropped $3.80 to end at $179. The lowest buying rate was unchanged at $142.84 and the highest selling rate rose 85 cents to $185 while the lowest selling rate fell 15 cents to $170.55.
