The Jamaican dollar continue to lose value against the US dollar but gained against the British pound and the Canadian dollar, on Tuesday. Authorized dealers purchased the equivalent of US$31,351,075 versus US$46,947,247 on Monday, and sold the equivalent of US$32,316,397 compared to US$40,489,087 on Monday.
In US dollar trading, dealers bought US$27,498,857 compared to US$42,320,091 on Monday. The buying rate for the US dollar put on 20 cents to $113.39 and US$29,712,322 was sold versus US$37,843,073 on Monday. The selling rate rose 7 cents to $113.89. The Canadian dollar buying rate rose 22 cents to $97.14 with dealers buying C$1,435,591 and selling C$785,344, at an average selling rate that erased 34 cents, to $99.04. The rate for buying the British Pound climbed 11 cents to $175.52, for the purchase of £1,434,718, while £547,510 was sold, the rate slipped 29 cents to $177.70. At the end of trading it took J$139.90 to purchase the Euro, 3 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.13, down by a cent.
Other currencies bought, amounted to the equivalent of US$401,331 while the equivalent of US$1,066,818, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 12 cents higher at $114.22, the lowest buying and the highest selling rates were unchanged at $93.52 and $119.84 respectively, but the lowest selling rate jumped $18.15 to $111.50. The highest buying rate for the Canadian dollar slipped 15 cents to end at $99.80. The lowest buying rate closed 24 cents lower, at $79.39. The highest selling rate fell 32 cents to $102.72 and the lowest selling rate dipped 35 cents to $95.65. The highest buying rate for the British Pound, gained 80 cents to $179. The lowest buying rate eased 25 cents to $143.34, the highest selling rate fell 43 cents to $184.79 and the lowest selling rate lost 30 cents to $172.70.
J$ gains vs Canadian & Pound – Tuesday
J$ loses vs US & Pound on Monday
The Jamaican dollar lost value against the US dollar and the British pound but gained moderately against the Canadian dollar, on Monday. Authorized dealers purchased the equivalent of US$46,947,247 versus US$32,044,623 on Friday, and sold the equivalent of US$40,489,087 compared to US$24,934,600 on Friday.
In US dollar trading, dealers bought US$42,320,091 compared to US$27,699,155 on Friday. The buying rate for the US dollar lost 3 cents to $113.19 and US$37,843,073 was sold versus US$22,601,816 on Friday. The selling rate rose 3 cents to $113.82. The Canadian dollar buying rate fell 56 cents to $96.92 with dealers buying C$1,788,250 and selling C$1,065,374, at an average selling rate that erased 17 cents, to $99.38. The rate for buying the British Pound fell 81 cents to $175.41, for the purchase of £1,814,634, while £765,534 was sold, the rate rose 26 cents to $177.99. At the end of trading it took J$139.93 to purchase the Euro according to data from Bank Of Jamaica while dealers purchased at J$137.14. Other currencies bought, amounted to the equivalent of US$283,910 while the equivalent of US$518,653, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 10 cents higher at $114.10, the lowest buying and the highest selling rates were unchanged to $93.52 and $119.84 respectively, but the lowest selling rate fell 17 cents at $93.35. The highest buying rate for the Canadian dollar slipped 55 cents to end at $99.95. The lowest buying rate closed 30 cents lower, at $79.63. The highest selling rate remained at $103.04 and the lowest selling rate dipped 30 cents to $96. The highest buying rate for the British Pound, lost 30 cents to $178.20. The lowest buying rate slipped 8 cents to $143.59, the highest selling rate gained $3.24 to $185.22 and the lowest selling rate eased by 10 cents to $173.
J$ slips vs US$ gains on others – Friday
The Jamaican dollar lost value against the US dollar, but gained on the British pound and the Canadian dollar, on Friday. Authorized dealers purchased the equivalent of US$32,044,623 versus US$27,640,306 on Thursday, and sold the equivalent of US$24,934,600 compared with US$27,319,898 on Thursday.
In US dollar trading, dealers bought US$27,699,155 compared to US$23,030,965 on Thursday. The buying rate for the US dollar gained 6 cents to $113.22 and US$22,601,816 was sold versus US$24,202,008 on Thursday. The selling rate rose 3 cents t0 $113.79. The Canadian dollar buying rate fell 22 cents to $97.48 with dealers buying C$1,218,718 and selling C$582,108, at an average selling rate that erased 23 cents, to $99.55. The rate for buying the British Pound fell 34 cents to $176.22, for the purchase of £1,567,360, while £648,933 was sold, the rate lost 42 cents to $177.72. Other currencies bought, amounted to the equivalent of US$856,800 while the equivalent of US$810,034, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed at $114, unchanged at the end of trading, the lowest buying rate rose 17 cents to $93.52, the highest selling rate rose 21 cents $119.84, but the lowest selling rate was unchanged at $93.52. The highest buying rate for the Canadian dollar climbed 65 cents to end at $100.50. The lowest buying rate closed 17 cents higher, at $79.93. The highest selling rate climbed 89 cents to $103.04 and the lowest selling rate climbed 5 cents to $96.30. The highest buying rate for the British Pound, lost 50 cents to $178.50. The lowest buying rate slipped 29 cents to $143.67, the highest selling rate gained 18 cents to $181.98 and the lowest selling rate increased $1.45 to $173.10.
J$ slips against all on Thursday
The Jamaican dollar lost value against the US dollar, the British pound and the Canadian dollar, on Thursday. Authorized dealers purchased the equivalent of US$27,640,306 versus US$31,872,356 on Wednesday, and sold the equivalent of US$27,319,898 compared with US$33,727,145 on Wednesday.
The volume bought by dealers on Thursday, is slightly less than for the similar day in December last year, by with US$2.4 million but sales were $2.7 million higher in 2013 than this Thursday. For the week to Thursday purchases were more than in 2013 and sales much less than in 2013.
In US dollar trading, dealers bought US$23,030,965 compared to US$26,146,822 on Wednesday. The buying rate for the US dollar fell 2 cents to $113.16 and US$24,202,008 was sold versus US$30,605,638 on Wednesday. The selling rate rose 7 cents at $113.76 The Canadian dollar buying rate rose 7 cents to $97.70 with dealers buying C$1,260,355 and selling C$783,450, at an average selling rate that increased 77 cents, to $99.78. The rate for buying the British Pound fell 24 cents to $176.56, for the purchase of £1,944,876, while £1,207,615 was sold, the rate rose 10 cents to $178.14. Other currencies bought, amounted to the equivalent of US$486,539 while the equivalent of US$539,650, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 7 cents higher at $114, the lowest buying and the highest selling rates were unchanged at $93.35 and $119.63 respectively, but the lowest selling rate rose 42 cents to $93.52. The highest buying rate for the Canadian dollar fell 40 cents to end at $99.85. The lowest buying rate closed unchanged at $79.76. The highest selling rate dived 68 cents to $102.15 and the lowest selling rate climbed $1.95 to $96.25. The highest buying rate for the British Pound, gained 20 cents to $179. The lowest buying rate is up 49 cents to $143.96, the highest selling rate eased $3.15 to $181.80 and the lowest selling rate fell $1.20 to $171.65.
Remittances continue up in August
Gross remittance inflows for August this year, grew by 3.5 percent or US$6 million to US$184 million.
Total remittance out flows fell slightly from US$22.3 million to US$21.6 million and resulted in net inflows of US$162.3 million, an increase of US$6.8 million or 4.4 percent over August 2013. For the eight months to August total remittance inflows amounted to US$1.422 billion, an increase of US$54 million or 3.9 percent but outflows contracted by 14 million to $150 million and resulted in net inflows increasing by US$68 million or 5.6 percent over the similar period in 2013 to hit US$1.27 billion. The data released by Jamaica’s central bank showed.
J$ slips vs US$ gains on others – Wednesday
The Jamaican dollar lost value against the US dollar but gained against the British pound and the Canadian dollar, on Wednesday. Authorized dealers purchased the equivalent of US$31,872,356 versus US$34,565,581 on Tuesday, and sold the equivalent of US$33,727,145 compared with US$33,169,744 on Tuesday.
In US dollar trading, dealers bought US$26,146,822 compared to US$29,642,890 on Tuesday. The buying rate for the US dollar rose 7 cents to $113.18 and US$30,605,638 was sold versus US$30,393,433 on Tuesday. The selling rate rose 6 cents at $113.69 The Canadian dollar buying rate fell 70 cents to $97.63 with dealers buying C$1,175,216 and selling C$870,583, at an average selling rate that declined 23 cents, to $99.01. The rate for buying the British Pound rose $1.22 to $176.80, for the purchase of £2,948,910, while £1,428,934 was sold, the rate rose 64 cents to $178.04. Other currencies bought, amounted to the equivalent of US$105,052 while the equivalent of US$125,689, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed $1.02 lower at $113.93, the lowest buying rate and the highest selling rate were unchanged at $93.35 and $119.63, respectively but the lowest selling rate dropped back $17.95 to $93.10. The highest buying rate for the Canadian dollar rose 25 cents to end at $100.25. The lowest buying rate closed 8 cents higher at $79.76. The highest selling rate dived $5.87 to $102.63 and the lowest selling rate fell $1.70 to $94.30. The highest buying rate for the British Pound, dropped 15 cents to $178.80. The lowest buying rate fell 74 cents to $143.47, the highest selling rate eased 96 cents to $184.95 and the lowest selling rate fell 15 cents to $172.85.
J$ slips vs US$ gains on others – Tuesday
The Jamaican dollar lost value against the US dollar but gained against the British pound and the Canadian dollar, on Tuesday. Authorized dealers purchased the equivalent of US$34,565,581 versus US$36,591,367, on Monday, and sold the equivalent of US$33,169,744 compared with US$35,704,084 on Monday.
In US dollar trading, dealers bought US$29,642,890 compared to US$29,868,883 on Monday. The buying rate for the US dollar rose 16 cents to $113.11 and US$30,393,433 was sold versus US$31,686,958 on Monday. The selling rate was up 4 cents at $113.63 The Canadian dollar buying rate fell 30 cents to $98.33 with dealers buying C$2,355,803 and selling C$1,822,198, at an average selling rate that declined 38 cents, to $99.24. The rate for buying the British Pound dipped 56 cents to $175.58, for the purchase of £1,739,181, while £574,118 was sold, the rate fell back 44 cents to $177.40. Other currencies bought, amounted to the equivalent of US$175,201 while the equivalent of US$288,647, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed $1.15 cents higher at $114.95, the lowest buying and the highest selling rates were unchanged at $93.35 and $119.63 respectively, but the lowest selling rate jumped $17.70 to $111.05. The highest buying rate for the Canadian dollar was unchanged at $100. The lowest buying rate closed 8 cents higher at $79.68. The highest selling rate closed $4.80 higher, at $108.70 and the lowest selling rate rose 10 cents to $96. The highest buying rate for the British Pound, was up 41 cents to $178.95. The lowest buying rate rose 37 cents to $144.21, the highest selling rate rose 48 cents to $185.91 and the lowest selling rate fell 30 cents to $173.
J$ gains vs euro & Pound Friday
The Jamaican dollar lost value against the United States and the Canadian dollar, but gained versus the euro and the Pound in Friday foreign exchange trading in Jamaica.
Overall there was buying of the equivalent of US$52,174,458 versus US$42,831,449 on Friday, and selling of the equivalent of US$44,651,307 compared to US$41,907,894 on Thursday. In US dollar trading, dealers bought US$46,132,454 compared to US$36,830,088 on Thursday. The buying rate for the US dollar rose 6 cents to $114.10 and US$41,961,857 was sold versus US$37,213,356 on Thursday while the selling rate rose 1 cent to $114.59. The Canadian dollar buying rate was up 64 cents to $97.08 with dealers buying C$2,100,188 and selling C$1,012,039, at an average selling rate that fell 50 cents, to $98.77. The rate for buying the British Pound rose 32 cents to $177.65 for the purchase of £2,605,212 while £953,717 was sold, the rate eased 24 cents to $179.06. At the end of trading it took J$141.82 to purchase the Euro, $1.23 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$139.10, for a fall of $1.26. Other currencies bought, amounted to the equivalent of US$198,857 while the equivalent of US$326,747, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 9 cents lower at $114.80, the lowest buying rate closed 13 cents higher to $93.94. The highest selling rate was unchanged at $120.37 and the lowest selling rate climbed $15.47 to $111. The highest buying rate for the Canadian dollar fell 58 cents to $99.30. The lowest buying rate rose 33 cents to $78.52. The highest selling rate rose $1 to $102 and the lowest selling rate gained 60 cents to end at $94.60. The highest buying rate for the British Pound, declined 20 cents to $180. The lowest buying rate dropped 74 cents to $144.01, highest selling rate fell $3.77 to $182.84 and the lowest selling rate lost 50 cents to $173.50.
J$ stable with US$ gains on others – Monday
The Jamaican dollar was stable against the US dollar but gained against the British pound and the Canadian dollar, on Monday. Authorized dealers purchased the equivalent of US$36,591,367 versus US$39,425,266, on Friday, and sold the equivalent of US$35,704,084 compared with US$31,274,156 on Friday.
In US dollar trading, dealers bought US$29,868,883 compared to US$35,565,489 on Friday. The buying rate for the US dollar dropped 18 cents to $112.95 and US$31,686,958 was sold versus US$29,379,322 on Friday. The selling rate was unchanged at $113.59. The Canadian dollar buying rate climbed 80 cents to $98.63 with dealers buying C$3,954,756 and selling C$3,050,747, at an average selling rate that declined 4 cents, to $99.62. The rate for buying the British Pound rose 17 cents to $176.14, for the purchase of £1,933,114, while £719,301 was sold, the rate fell back 35 cents to $177.84. Other currencies bought, amounted to the equivalent of US$254,759 while the equivalent of US$215,363, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 5 cents higher at $113.80, the lowest buying rate put on 25 cents to $93.35. The highest selling rate was unchanged at $119.63, but the lowest selling rate fell $1.96 to $93.35. The highest buying rate for the Canadian dollar drifted down 80 cents to $100. The lowest buying rate closed with a 99 cents loss, to $79.60. The highest selling rate remained at $103.90 and the lowest selling rate fell $1.10 to $95.90. The highest buying rate for the British Pound, was off 16 cents to $178.54. The lowest buying rate slipped 58 cents to $143.84, the highest selling rate rose $3.40 to $185.43 and the lowest selling rate fell 70 cents to $173.30.