Inflows of foreign exchange into the system was buoyant on Monday with equal buying and selling of foreign currencies by dealers. Purchases of all currencies amounting to US$47,161,608 compared with the US$47,277,720, on Friday. Selling was for the equivalent of US$47,139,887 versus US$64,474,492 sold on Friday.
In US dollar trading, dealers bought US$42,803,483 compared to US$44,421,153 on Friday. The buying rate for the US dollar fell 20 cents to $115.08 and US$40,580,251 was sold versus US$62,378,941 on Friday, the selling rate dropped 1 cent to $115.59. The Canadian dollar buying rate slid $1.10 to $89.47 with dealers buying C$1,272,071, and selling C$5,738,923, at an average rate that rose 35 cents to $92.97. The rate for buying the British Pound climbed 78 cents to $176.02 for the purchase of £2,046,945, while £1,118,586 was sold, at an average rate of $177.74, up by 26 cents. At the end of trading it took J$131.42 to purchase the Euro, 35 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.09 for 19 cents lower than on Friday. 
Other currencies bought, amounted to the equivalent of US$238,295 while the equivalent of US$223,572, was sold.
Highs & Lows| The highest buying rate for the US dollar fell 10 cents to $115.80 and the lowest buying rate dropped $5.09 to $89.43. The highest selling rate remained at $121.12. The lowest selling rate rose 16 cents to $94.52. The highest buying rate for the Canadian dollar climbed 38 cents to $92.70, the lowest buying rate was up 44 cents to $73.56. The highest selling rate dipped 65 cents to $94.91 and the lowest selling rate rose 60 cents to $88.70. The highest buying rate for the British Pound, gained $1.64 to $179.40. The lowest buying rate fell 46 cents to $142.51, the highest selling rate jumped $1.82 to $183.72 and the lowest selling rate dipped $2.55 cents to $169.70.
Buoyant foreign exchange flows – Monday
BNS dumps US$19m in 2 days
Bank of Nova Scotia (BNS)
bought just US$3.9 million on Friday but sold US$17.8 million. On Thursday BNS sold US$12.6 million compared buying of only US$7.97 million, resulting in a net sale of US$19 in the two days.
On Thursday, National Commercial Bank (NCB) also sold more than they bought, with buying accounting for $6 million and selling US$10.5 million. NCB’s trade on Friday, was more balanced, with selling of just US$1 million more than they bought. While Scotia’s average selling rate was $115.70 on Thursday, on Friday it fell to $115.57, in contrast NCB’s average selling rate on Friday was $115.75 and $115.69 on Thursday.
There was more selling than buying of foreign currencies by dealers on Friday, with purchases of all currencies amounting to US$47,277,720 compared with US$42,778,081, on Thursday. Selling was the equivalent of US$64,474,492 versus US$52,219,662 sold on Thursday.
In US dollar trading, dealers bought US$44,421,153 compared to US$38,951,367 on Thursday. The buying rate for the US dollar climbed 5 cents to $115.28 and US$62,378,941 was sold versus US$49,786,691 on Thursday, the selling rate dropped 9 cents to $115.60. The Canadian dollar buying rate climbed 21 cents to $90.57 with dealers buying C$1,055,161, and selling C$1,040,220, at an average rate that remained unchanged at $92.62. The rate for buying the British Pound dropped $1.04 to $175.24 for the purchase of £1,068,882, while £726,396 was sold, at an average rate of $177.48, down by 44 cents. At the end of trading it took J$131.77 to purchase the Euro, 35 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.28 for 34 cents over the rate on Thursday. Other currencies bought, amounted to the equivalent of US$402,706 while the equivalent of US$146,908, was sold.
Highs & Lows| The highest buying rate for the US dollar and the lowest buying rates remained at $115.90 and $94.52 respectively. The highest selling lost 11 cents to $121.12. The lowest selling rate fell 66 cents to $94.36. The highest buying rate for the Canadian dollar fell $1.68 to $92.32, the lowest buying rate dipped 92 cents to $73.12. The highest selling rate rose 12 cents to $95.56 and the lowest selling rate lost $1.10 to $88.10. The highest buying rate for the British Pound, dropped 74 cents to $177.76. The lowest buying rate climbed 21 cents to $142.97, the highest selling rate dropped $2.14 to $181.90 and the lowest selling rate was up 25 cents to $172.25.
US$10m sell off on Thursday
There was more selling than buying foreign currencies by dealers on Thursday with purchases of all currencies, amounting to US$42,778,081 compared with the US$30,677,230, on Tuesday and selling of the equivalent of US$52,219,662 versus US$30,462,192 sold on Tuesday.
In US dollar trading, dealers bought US$38,951,367 compared to US$26,930,923 on Tuesday. The buying rate for the US dollar climbed 1 cent to $115.23 and US$49,786,691 was sold versus US$28,282,954 on Tuesday, the selling rate gained 2 cents to $115.69. The Canadian dollar buying rate dived 27 cents to $90.36 with dealers buying C$1,180,113, and selling C$586,622, at an average rate that rose 8 cents, to $92.62. The rate for buying the British Pound jumped $1 to $176.28 for the purchase of £1,775,831, while £933,879 was sold, at an average rate of $177.92, while it gained 44 cents. At the end of trading it took J$131.42 to purchase the Euro, 56 cents less than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.94 for 18 cents lower and on Tuesday. Other currencies bought, amounted to the equivalent of US$184,444 while the equivalent of US$527,064, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.90, $94.52 and $121.23 respectively. The lowest selling rate fell $18.18 to $95.02. The highest buying rate for the Canadian dollar rose $1 to $94, the lowest buying rate climbed 42 cents to $74.04. The highest selling rate fell 12 cents to $95.44 and the lowest selling rate gained 50 cents to $89.20. The highest buying rate for the British Pound, rose 65 cents to $178.50. The lowest buying rate climbed 17 cents to $142.76, the highest selling rate increased 21 cents to $184.04 and the lowest selling rate was up 20 cents to $172.
J$ up vs US$ on Tuesday
There was even flows of foreign currencies on Tuesday with purchases of all currencies by dealers, amounting to US$30,677,230 compared with the US$27,990,320, on Monday and selling the equivalent of US$30,462,192 versus US$32,644,232 sold on Monday.
In US dollar trading, dealers bought US$26,930,923 compared to US$23,883,763 on Monday. The buying rate for the US dollar climbed 28 cents to $115.22 and US$28,282,954 was sold versus US$30,042,681 on Monday, the selling rate fell 6 cents to $115.67. The Canadian dollar buying rate dived 13 cents to $90.63 with dealers buying C$998,990, and selling C$675,812, at an average rate that rose 15 cents, to $92.54. The rate for buying the British Pound rose 8 cents to $175.28 for the purchase of £1,390,331, while £667,284 was sold, at an average rate of $177.48, while it gained 23 cents. At the end of trading it took J$131.98 to purchase the Euro, 4 cents higher than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.12 for 38 cents lower and on Monday. Other currencies bought, amounted to the equivalent of US$845,369 while the equivalent of US$614,772, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.90, the lowest buying rate fell 50 cents to $94.52 and the highest selling rate rose 32 cents to $121.23. The lowest selling rate climbed $16.98 to $113.20. The highest buying rate for the Canadian dollar rose 15 cents to $93, the lowest buying rate climbed 35 cents to $73.62. The highest selling rate rose 56 cents to $95.56 and the lowest selling rate gained 40 cents to $88.70. The highest buying rate for the British Pound, rose 8 cents to $177.85. The lowest buying rate climbed 8 cents to $142.59, the highest selling rate increased 11 cents to $183.83 and the lowest selling rate was up 10 cents to $171.80.
J$ slips slightly V US$ on Monday
There was more selling of foreign currencies than buying on Monday with purchases of all currencies by dealers, amounting to US$27,990,320 compared with the US$44,754,611, on Friday and selling the equivalent of US$32,644,232 versus US$46,877,694 sold on Friday.
In US dollar trading, dealers bought US$23,883,763 compared to US$41,196,909 on Friday. The buying rate for the US dollar fell 36 cents to $114.94 and US$30,042,681 was sold versus US$44,678,972 on Friday, the selling rate rose 2 cents to $115.73. The Canadian dollar buying rate dived 82 cents to $90.76 with dealers buying C$1,704,731, and selling C$1,320,279, at an average rate that dipped 9 cents, to $92.39. The rate for buying the British Pound fell 8 cents to $175.20 for the purchase of £1,394,464, while £640,023 was sold, at an average rate of $177.25, down by 3 cents. At the end of trading it took J$131.94 to purchase the Euro, 34 cents higher than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.50 for 37 cents up from Friday. Other currencies bought, amounted to the equivalent of US$634,865 while the equivalent of US$567,265, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 10 cents to $115.90, the lowest buying rate gained $4.32 to $95.02 and the highest selling rate was unchanged at $120.91. The lowest selling rate gave up $17.58 to $96.22. The highest buying rate for the Canadian dollar was unchanged at $92.85, the lowest buying rate climbed 44 cents to $73.27. The highest selling rate rose 21 cents to $95 and the lowest selling rate dropped 50 cents to $88.30. The highest buying rate for the British Pound, slipped 3 cents to $177.77. The lowest buying rate climbed 29 cents to $142.51, the highest selling rate jumped $1.94 to $183.72 and the lowest selling rate decreased $2.50 to $171.70.
J$ gains against US$ on Friday
There was more selling of foreign currencies than buying on Friday with purchases of all currencies by dealers, amounting to US$44,754,611 compared with the US$37,493,058, on Thursday and selling the equivalent of US$46,877,694 versus US$31,450,866 sold on Thursday.
In US dollar trading, dealers bought US$41,196,909 compared to US$33,053,912 on Thursday. The buying rate for the US dollar rose 3 cents to $115.30 and US$44,678,972 was sold versus US$28,391,214 on Thursday, the selling rate fell 1 cent to $115.71. The Canadian dollar buying rate recovered 22 cents to $91.58 with dealers buying C$2,075,757, and selling C$1,484,449, at an average rate that rose 20 cents, to $92.48. The rate for buying the British Pound dipped 21 cents to $175.28 for the purchase of £1,166,987, while £461,462 was sold, at an average rate of $177.28, up by 20 cents. At the end of trading it took J$131.61 to purchase the Euro, 75 cents higher than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.13 for 66 cents up from Thursday. Other currencies bought, amounted to the equivalent of US$134,816 while the equivalent of US$305,423, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 10 cents to $116, the lowest buying rate fell $3.66 to $90.70 and the highest selling rate was unchanged at $120.91. The lowest selling rate recovered $17.59 to $113.80. The highest buying rate for the Canadian dollar dived only 25 cents to $92.85, the lowest buying rate climbed 50 cents to $72.83. The highest selling rate dipped 21 cents to $94.79 and the lowest selling rate jumped $1.65 to $88.80. The highest buying rate for the British Pound, rose 30 cents to $177.80. The lowest buying rate climbed 66 cents to $142.22, the highest selling rate fell 71 cents to $181.78 and the lowest selling rate increased $3.65 to $174.20.
J$ gains against US$ on Thursday
There was much more buying of foreign currencies than selling on Thursday with purchases of all currencies by dealers, amounting to US$37,493,058 compared with the US$36,565,083, on Wednesday and selling the equivalent of US$31,450,866 versus US$48,322,723 sold on Wednesday.
In US dollar trading, dealers bought US$33,053,912 compared to US$33,977,211 on Wednesday. The buying rate for the US dollar fell 10 cents to $115.27 and US$28,391,214 was sold versus US$45,963,520 on Wednesday, the selling rate fell 4 cents to $115.72. The Canadian dollar buying rate recovered $1.68 to $91.36 with dealers buying C$2,001,8708, and selling C$1,360,165, at an average rate that fell 76 cents, to $92.28. The rate for buying the British Pound rose $1.78 to $175.49 for the purchase of £1,369,125, while £908,270 was sold, at an average rate of $177.08, up by $1.10. At the end of trading it took J$130.86 to purchase the Euro, 23 cents lower than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.47 for 31 cents down from Wednesday. Other currencies bought, amounted to the equivalent of US$768,256 while the equivalent of US$585,240, was sold.
Highs & Lows| The highest buying rate for the US dollar, climbed 15 cents to $115.90, the lowest buying rate recovered 67 cents to $94.36 and the highest selling rate rose 54 cents to $120.91. The lowest selling rate dropped $13.89 to $96.21. The highest buying rate for the Canadian dollar dived $4.90 to $93.10, the lowest buying rate declined $3.91 to $72.33. The highest selling rate dipped $6.10 to $95 and the lowest selling rate fell $4.70 to $87.15. The highest buying rate for the British Pound, rose $2.10 to $177.50. The lowest buying rate climbed $1.79 to $141.56, the highest selling rate gained $2.30 to $182.49 and the lowest selling rate increased $2.15 to $170.55.
US$ sell off on Wednesday
There was much more selling of US dollars and buying on Wednesday with purchases of all currencies by dealers, amounting to US$36,565,083 compared with the US$52,472,921, on Tuesday and selling amounted the equivalent of US$48,322,723 versus US$52,667,402 sold on Tuesday.
In US dollar trading, dealers bought US$33,977,211 compared to US$47,894,069 on Tuesday. The buying rate for the US dollar fell 9 cents to $115.37 and US$45,963,520 was sold versus US$50,135,525 on Tuesday, the selling rate fell 1 cent to $115.76. The Canadian dollar buying rate lost 66 cents to $89.68 with dealers buying C$864,019, and selling C$908,229, at an average rate that climbed $1.05, to $93.04. The rate for buying the British Pound declined $1.35 to $173.71 for the purchase of £821,183, while £669,848 was sold, at an average rate of $175.98, a fall of 2 cents. At the end of trading it took J$131.10 to purchase the Euro, 17 cents lower than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.78 for a gain of 6 cents from Tuesday. Other currencies bought, amounted to the equivalent of US$679,837 while the equivalent of US$610,927, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 20 cents to $115.75, the lowest buying rate declined 67 cents to $93.69 and the highest selling rate declined 54 cents to $120.37. The lowest selling rate jumped $18.90 to $110.10. The highest buying rate for the Canadian dollar rose $5.25 to $98, the lowest buying rate rose $2.78 to $76.24. The highest selling rate climbed $6.14 to $100.10 and the lowest selling rate rose $3.35 to $91.85. The highest buying rate for the British Pound, dipped $1.45 to $175.40. The lowest buying rate fell $1.12 to $139.77, the highest selling rate dropped $1.44 to $180.19 and the lowest selling rate declined $1.35 to $168.40.
J$ gains against all on Tuesday
Buying and selling of foreign currencies were evenly matched on Tuesday with purchases of all currencies by dealers, amounting to US$52,472,921 compared with the US$44,929,592, on Monday and selling amounted the equivalent of US$52,667,402 versus US$41,948,561 sold on Monday.
In US dollar trading, dealers bought US$47,894,069 compared to US$39,664,531 on Monday. The buying rate for the US dollar rose 18 cents to $115.46 and US$50,135,525 was sold versus US$39,600,050 on Monday, the selling rate fell 3 cents to $115.77. The Canadian dollar buying rate gained 34 cents to $90.34 with dealers buying C$1,006,374, and selling C$585,864, at an average rate that dipped 34 cents, to $91.99. The rate for buying the British Pound rose $1.40 to $175.06 for the purchase of £2,419,838, while £1,253,095 was sold, at an average rate of $176, a fall of 23 cents. At the end of trading it took J$131.27 to purchase the Euro, 10 cents lower than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.72 for a drop of 9 cents from Monday. Other currencies bought, amounted to the equivalent of US$122,408 while the equivalent of US$161,350, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.95, the lowest buying and the highest selling rates were unchanged at $94.36 and $120.91 respectively. The lowest selling rate dipped $3.15 to $91.20. The highest buying rate for the Canadian dollar fell 25 cents to $92.75, the lowest buying rate rose 42 cents at $73.46. The highest selling rate was unchanged at $94.96 and the lowest selling rate rose 50 cents to $88.50. The highest buying rate for the British Pound, rose 25 cents to $176.85. The lowest buying rate fell 67 cents to $140.89, the highest selling rate rose 34 cents to $181.63 and the lowest selling rate declined 25 cents to $169.75.
J$ holds against US, gains v others
Buying of foreign currencies were exceeded the amounts sold on Monday by US$3 million. Purchases of all currencies by dealers, translated to US$44,929,592 compared with the US$29,168,659, on Friday and selling amounted the equivalent of US$41,948,561 versus US$30,094,413 sold on Friday.
In US dollar trading, dealers bought US$39,664,531 compared to US$25,360,133 on Friday. The buying rate for the US dollar rose 1 cent to $115.28 and US$39,600,050 was sold versus US$27,840,423 on Friday, the selling rate remained at $115.80. The Canadian dollar buying rate dropped 54 cents to $90 with dealers buying C$1,232,481, and selling C$637,313, at an average rate that dipped 27 cents, to $92.33. The rate for buying the British Pound fell $1.29 to $173.66 for the purchase of £2,659,571, while £983,934 was sold, at an average rate of $176.23, a fall of 31 cents. At the end of trading it took J$131.37 to purchase the Euro, 99 cents lower than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.81 for a drop of $1.03 from Friday. Other currencies bought, amounted to the equivalent of US$296,630 while the equivalent of US$343,000, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates were unchanged at $115.90, $94.36 and $120.91 respectively. The lowest selling rate dipped $17.15 to $94.35. The highest buying rate for the Canadian dollar rose by 50 cents to $93, the lowest buying rate was unchanged at $73.04. The highest selling rate eased 4 cents to $94.96 and the lowest selling rate was unchanged at $88. The highest buying rate for the British Pound, lost 10 cents to $176.60. The lowest buying rate was unchanged at $141.56, the highest selling rate rose 18 cents to $181.29 and the lowest selling rate declined 55 cents to $170.
