The buying and selling of foreign currencies in the system, were evenly matched purchases of all currencies by dealers amounting to US$37,292,575 equivalent, compared with US$38,377,465, on Tuesday and selling of the equivalent of US$38,096,238 versus US$66,929,309 on the previous trading day.
In US dollar trading, dealers bought US$35,114,776 compared to US$34,755,724 on Tuesday. The buying rate for the US dollar slipped 4 cents to $114.61 and US$36,632,413 was sold versus US$64,588,710 on Tuesday, the selling rate fell 3 cents to end at $115.10. The Canadian dollar buying rate rose 13 cents to $89.78 with dealers buying C$775,340 and selling C$542,317, at an average rate that climbed 18 cents to $92.07. The rate for buying the British Pound was unchanged at $169.31 for the purchase of £955,066, while £625,348 was sold, at an average rate of $170.58, for a fall of 5 cents. At the end of trading it took J$125.57 to purchase the Euro, 25 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.17 for a fall of 23 cents off Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$159,442 while the equivalent of US$103,256, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell $1.40 to $115.40. The lowest buying and the highest selling rates remained at $93.94 and $120.37 respectively and the lowest selling rose $1.85 to $95.79. The highest buying rate for the Canadian dollar climbed $1.45 to $93.20, the lowest buying rate rose 83 cents to $72.46, but the highest selling rate fell 20 cents to $94.28 and the lowest selling rate remained at $87.30. The highest buying rate for the British Pound, the lowest buying and lowest selling rates were unchanged at $171.30, $137.20 and $165.30 respectively, while the highest selling rate fell $1.73 to $175.14.
Buying & selling even on Wednesday
US$28 million sell off on Tuesday
There continues to be net selling of foreign currencies in the system, with net sales on Tuesday, reaching the highest level in recent days, with net sales of US$28 million. Purchases of all currencies by dealers amounted to US$38,377,465 equivalent, compared with US$47,949,340, on Monday and selling of the equivalent of US$66,929,309 versus US$41,988,424 on the previous trading day.
In US dollar trading, dealers bought US$34,755,724 compared to US$43,517,411 on Monday. The buying rate for the US dollar was unchanged at $114.65 and US$64,588,710 was sold versus US$40,670,316 on Monday, the selling rate slipped 2 cents to end at $115.13. The Canadian dollar buying rate rose 4 cents to $89.65 with dealers buying C$1,046,278 and selling C$861,133, at an average rate that climbed 72 cents to $91.89. The rate for buying the British Pound rose 42 cents to $169.31 for the purchase of £1,764,250, while £974,090 was sold, at an average rate of $170.63, for a fall of 50 cents. At the end of trading it took J$125.82 to purchase the Euro, $1.48 more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$123.40 for an increase of $1.43 over Monday’s rate. Other currencies bought, amounted to the equivalent of US$198,339 while the equivalent of US$209,741, was sold.
Highs & Lows| The highest buying rate for the US dollar, moved up $1.05 to $116.80. The lowest buying, highest selling and the lowest selling rates remained at $93.94, $120.37 and $93.94 respectively. The highest buying rate for the Canadian dollar dipped 5 cents to $91.75, the lowest buying rate rose 17 cents to $71.63, but the highest selling rate rose 33 cents to $94.48 and the lowest selling rate rose $1 to $87.30. The highest buying rate for the British Pound, fell 20 cents to $171.30. The lowest buying rate rose 46 cents to $137.20, the highest selling rate gained 59 cents to $176.87 and the lowest selling rate rose 55 cents to $165.30.
J$ gains over US on Monday
The Jamaican dollar gained against the US dollar but lost value with Canadian and the British pound on Monday. Purchases of all currencies by dealers amounted to US$47,949,340 equivalent, compared with US$33,878,712, on Friday and selling of the equivalent of US$41,988,424 versus US$37,124,006 on the previous trading day.
In US dollar trading, dealers bought US$43,517,411 compared to US$31,453,510 on Friday. The buying rate for the US dollar fell 6 cents to $114.65 and US$40,670,316 was sold versus US$35,820,483 on Friday, the selling rate slipped 4 cents to end at $115.15. The Canadian dollar buying rate rose 88 cents to $89.61 with dealers buying C$1,846,965 and selling C$498,019, at an average rate that climbed 84 cents to $91.17. The rate for buying the British Pound rose 38 cents to $168.89 for the purchase of £1,850,261, while £518,411 was sold, at an average rate of $171.12, for an increase of 48 cents. At the end of trading it took J$124.34 to purchase the Euro, $1.88 more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.97 for an increase of $1.88 over Friday’s rate. Other currencies bought, amounted to the equivalent of US$262,842 while the equivalent of US$153,421, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched up 27 cents to end at 115.75, the lowest buying and highest selling rates remained at $93.94 and $120.37 respectively, while the lowest selling rate fell $2.23, to $93.94. The highest buying rate for the Canadian dollar rose 20 cents to $91.80, the lowest buying rate was unchanged at $71.46, but the highest selling rate rose $1.70 to $94.15 and the lowest selling rate rose 20 cents to $86.30. The highest buying rate for the British Pound, fell 5 cents to $171.50. The lowest buying rate rose 12 cents to $136.74, the highest selling rate gained $1.01 to $176.28 and the lowest selling rate rose $1.80 to $164.75.
J$ gains vs US & Can$ on Friday
The Jamaican dollar gained against the Canadian and US dollar but lost value with the British pound on Friday. Purchases of all currencies by dealers amounted to US$33,878,712 equivalent, compared with US$34,812,059, on Thursday and selling of the equivalent of US$37,124,006 versus US$44,531,585 on the previous trading day.
In US dollar trading, dealers bought US$31,453,510 compared to US$32,065,663 on Thursday. The buying rate for the US dollar fell 6 cents to $114.71 and US$35,820,483 was sold versus US$43,026,526 on Thursday, the selling rate slipped 8 cents to end at $115.19. The Canadian dollar buying rate fell 21 cents to $88.73 with dealers buying C$906,869 and selling C$659,826, at an average rate that declined 50 cents to $90.33. The rate for buying the British Pound rose $1.18 to $168.51 for the purchase of £928,476, while £358,850 was sold, at an average rate of $170.65, for an increase of $1.11. At the end of trading it took J$122.46 to purchase the Euro, 25 cents less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.09 for an decline 33 cents over Thursday’s rate. Other currencies bought, amounted to the equivalent of US$359,844 while the equivalent of US$254,483, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched down 32 cents to end at 115.48, the lowest buying and highest selling rates remained at $93.94 and $120.37 respectively, while the lowest selling rate fell back $16.33, to $96.17. The highest buying rate for the Canadian dollar rose 40 cents to $91.60, the lowest buying rate was up 25 cents at $71.46, but the highest selling rate fell $2.65 to $92.45 and the lowest selling rate rose 30 cents to $86.10. The highest buying rate for the British Pound, put on $1.55 to $171.55. The lowest buying rate rose $1.74 to $136.62, the highest selling rate fell 59 cents to $175.27 and the lowest selling rate rose 45 cents to $162.95.
J$ gains vs US & pound on Thursday
The Jamaican dollar gained against the US dollar and the British pound on Thursday, but fell against the Canadian dollar. Purchases of all currencies by dealers amounted to US$34,812,059 equivalent, compared with US$34,504,017, on Wednesday and selling of the equivalent of US$44,531,585 versus US$45,168,279 on the previous trading day.
In US dollar trading, dealers bought US$32,065,663 compared to US$30,314,068 on Wednesday. The buying rate for the US dollar fell 10 cents to $114.77 and US$43,026,526 was sold versus US$41,276,338 on Wednesday, the selling rate slipped 2 cents to end at $115.27. The Canadian dollar buying rate fell 5 cents to $88.94 with dealers buying C$1,530,223 and selling C$674,393, at an average rate that rose 16 cents to $90.83. The rate for buying the British Pound dropped $2.50 to $167.33 for the purchase of £824,029, while £469,115 was sold, at an average rate of $169.54, for a loss of 62 cents. At the end of trading it took J$122.71 to purchase the Euro, 40 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.42 for an increase of 43 cents over Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$359,098 while the equivalent of US$283,686, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched down 8 cents to end at 115.80, the lowest buying and highest selling rates remained at $93.94 and $120.37 respectively, while the lowest selling rate regained $16.28, to end back at $112.50. The highest buying rate for the Canadian dollar slipped 5 cents to $91.20, the lowest buying rate was unchanged at $71.21, but the highest selling rate rose $2.60 to $95.10 and the lowest selling rate fell $2 to $85.80. The highest buying rate for the British Pound, dived $3.10 to $170. The lowest buying rate fell $1.57 to $134.88, the highest selling rate rose $1.95 to $175.86 and the lowest selling rate fell 90 cents to $162.50.
J$ gains vs US on Wednesday
The Jamaican dollar gained against the US dollar on Wednesday, but fell against the other major currencies it normally trades. Purchases of all currencies by dealers amounted to US$34,504,017 equivalent, compared with US$34,344,124, on Tuesday and selling of the equivalent of US$45,168,279 versus US$48,294,987 on the previous trading day.
In US dollar trading, dealers bought US$30,314,068 compared to US$31,906,901 on Tuesday. The buying rate for the US dollar fell 1 cent to $114.87 and US$41,276,338 was sold versus US$46,253,301 on Tuesday, the selling rate slipped 5 cents to end at $115.29. The Canadian dollar buying rate climbed 96 cents to $88.99 with dealers buying C$1,702,486 and selling C$3,569,193, at an average rate that rose 73 cents to $90.67. The rate for buying the British Pound jumped $2.10 to $169.83 for the purchase of £1,856,918, while £489,603 was sold, at an average rate of $170.16, for a gain of 12 cents. At the end of trading it took J$122.31 to purchase the Euro, 25 cents more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.99 for an increase of 30 cents over Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$125,458 while the equivalent of US$362,331, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched up 3 cents to end at 115.88, the lowest buying rate remained at $93.94. The highest selling rate lost 54 cents to end at $120.37 while the lowest selling rate dropped $16.28, to end at $96.22. The highest buying rate for the Canadian dollar climbed $1.20 to $91.25, the lowest buying rate was unchanged at $71.21 as well as the highest selling rate of $92.50 and the lowest selling rate rose $2 to $87.80. The highest buying rate for the British Pound, dived 95 cents to $173.10. The lowest buying rate remained at $136.45, the highest selling rate fell $5.09 to $173.91 and the lowest selling rate fell $1 to $163.40.
J$ revaluation continues Tuesday
The Jamaican dollar had another day of moderate appreciation on Tuesday, against the major currencies it normally trades except for a slight loss in value against the British pound. Purchases of all currencies by dealers amounted to US$34,344,124 equivalent, compared with US$50,720,161, on Monday and selling of the equivalent of US$48,294,987 versus US$42,249,077 on the previous trading day.
In US dollar trading, dealers bought US$31,906,901 compared to US$46,581,763 on Monday. The buying rate for the US dollar inched up 1 cent to $114.88 and US$46,253,301 was sold versus US$40,210,226 on Monday, the selling rate slipped 5 cents to end at $115.34. The Canadian dollar buying rate fell 81 cents to $88.03 with dealers buying C$870,046 and selling C$723,711, at an average rate that dropped 26 cents to $89.94. The rate for buying the British Pound declined $1.56 to $167.73 for the purchase of £1,094,285, while £670,407 was sold, at an average rate of $170.04, for a gain of 8 cents. At the end of trading it took J$122.06 to purchase the Euro, 58 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.69 for an increase of 61 cents over Monday’s rate. Other currencies bought, amounted to the equivalent of US$172,752 while the equivalent of US$488,979, was sold.
Highs & Lows| The highest buying rate for the US dollar, inched up 5 cents to end at 115.85, the lowest buying rate declined by 42 cents to $93.94. The highest selling rate remained at $120.91 while the lowest selling rate rose $18.14, to end at $112.50. The highest buying rate for the Canadian dollar fell 25 cents to $90.05, the lowest buying rate was down 34 cents to $71.21. The highest selling rate lost 22 cents to $92.50 and the lowest selling rate dropped 40 cents to $85.80. The highest buying rate for the British Pound, dived 15 cents to $174.05. The lowest buying rate rose 25 cents to $136.45, the highest selling rate fell $3.15 to $179 and the lowest selling rate rose 30 cents to $164.40.
J$ revaluation continues on Monday
The Jamaican dollar had another day of moderate appreciation on Monday, against the major currencies it normally trades with. Purchases of all currencies by dealers ended at US$50,720,161 equivalent, compared with US$31,930,849, on Friday and selling of the equivalent of US$42,249,077 versus US$28,769,520 on the previous trading day.
In US dollar trading, dealers bought US$46,581,763 compared to US$29,615,584 on Friday. The buying rate for the US dollar fell 3 cents to $114.87 and US$40,210,226 was sold versus US$27,744,558 on Friday, the selling rate slipped 1 cent to end at $115.39. The Canadian dollar buying rate fell 9 cents to $88.84 with dealers buying C$1,949,347 and selling C$1,440,218, at an average rate that dropped 28 cents to $90.20 The rate for buying the British Pound climbed 61 cents to $169.28 for the purchase of £1,621,853, while £445,486 was sold, at an average rate of $169.96, for a fall of $1.10. At the end of trading it took J$121.42 to purchase the Euro, $1.17 less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.08 for a fall of $1.09 from Friday. Other currencies bought, amounted to the equivalent of US$240,631 while the equivalent of US$256,821, was sold.
Highs & Lows| The highest buying rate for the US dollar, gained 30 cents to end at 115.80, the lowest buying and the highest selling rates remained at $$94.36 and $120.91 respectively. The lowest selling rate fell $1.86, to end at $94.36. The highest buying rate for the Canadian dollar fell $1.70 to $90.30, the lowest buying rate was down 58 cents to $71.55. The highest selling rate lost $1.28 to $92.72 and the lowest selling rate dropped 70 cents to $86.20. The highest buying rate for the British Pound, dived $2.80 to $174.20. The lowest buying rate dropped $2 to $136.20, the highest selling rate rose $2.85 to $182.15 and the lowest selling rate fell $1.90 to $164.10.
Revaluation continues on Friday
The Jamaican dollar had another day of moderate appreciation on Friday, against the major currencies it normally trades with. Purchases of all currencies by dealers ended at US$31,930,849 equivalent, compared with US$32,018,857, on Thursday and selling of the equivalent of US$28,769,520 versus US$55,570,947 on the previous trading day.
In US dollar trading, dealers bought US$29,615,584 compared to US$27,951,764 on Thursday. The buying rate for the US dollar fell 2 cents to $114.90 and US$27,744,558 was sold versus US$54,257,038 on Thursday, the selling rate slipped 7 cents to end at $115.40. The Canadian dollar buying rate fell 71 cents to $88.93 with dealers buying C$1,123,731 and selling C$607,734, at an average rate that dropped 65 cents to $90.48 The rate for buying the British Pound dived $4.73 to $168.67 for the purchase of £839,337, while £315,756 was sold, at an average rate of $171.06, for a fall of $1.61. At the end of trading it took J$122.59 to purchase the Euro, 47 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.18 for a rise of 40 cents from Thursday. Other currencies bought, amounted to the equivalent of US$213,510 while the equivalent of US$80,461, was sold.
Highs & Lows| The highest buying rate for the US dollar, lost 15 cents to end at 115.50, the lowest buying and the highest selling rates remained at $$94.36 and $120.91 respectively. The lowest selling rate rose by $1.86, to end at $96.22. The highest buying rate for the Canadian dollar rose 30 cents to $92, the lowest buying rate was up 21 cents to $72.13. The highest selling rate gained 50 cents to $94 and the lowest selling rate rose 25 cents to $86.90 The highest buying rate for the British Pound, climbed 97 cents to $177. The lowest buying rate dropped 53 cents to $138.20, the highest selling rate rose 45 cents to $179.30 and the lowest selling rate fell $1.15 to $166.
JS revaluation continues – Thursday
The Jamaican dollar had another day of moderate appreciation on Thursday, against the major currencies it normally trades against. Purchases of all currencies by dealers ended at US$32,018,857 equivalent, compared with US$32,011,020, on Wednesday and selling of the equivalent of US$55,570,947 versus US$35,962,081 on the previous trading day.
In US dollar trading, dealers bought US$27,951,764 compared to US$30,387,092 on Wednesday. The buying rate for the US dollar fell 6 cents to $114.92 and US$54,257,038 was sold versus US$34,263,115 on Wednesday, the selling rate slipped 1 cent to end at $115.47. The Canadian dollar buying rate rose 78 cents to $89.64 with dealers buying C$1,191,447 and selling C$603,938, at an average rate that dropped 29 cents to $91.13 The rate for buying the British Pound regained $2.49 to $173.40 for the purchase of £1,934,986, while £484,605 was sold, at an average rate of $172.66, for a fall of 84 cents. At the end of trading it took J$122.12 to purchase the Euro, $1.56 less than on Wednesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.78 for a decline of $1.47 from Wednesday. Other currencies bought, amounted to the equivalent of US$218,135 while the equivalent of US$112,645, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.65, $94.36 and $120.91 respectively. The lowest selling rate fell by $1.86, to end at $94.36. The highest buying rate for the Canadian dollar slipped 30 cents to $91.70, the lowest buying rate fell 54 cents to $71.92. The highest selling rate slipped 50 cents to $93.50 and the lowest selling rate declined by 35 cents to $86.65 The highest buying rate for the British Pound, climbed $1.98 to $176.03. The lowest buying rate dropped 88 cents to $138.73, the highest selling rate dipped 15 cents to $178.85 and the lowest selling rate fell $1.15 to $167.15.
