In Tuesday’s forex trading, authorized dealers sold US$10 million more than they bought as the equivalent of US$31,090,279 was purchased versus US$44,554,172 on Monday, and they sold the equivalent of US$41,009,924 compared to US$34,048,888 on Monday.
In US dollar trading, dealers bought US$26,611,423 compared to US$41,367,650 on Monday. The buying rate for the US dollar rose 5 cents to $112.33. US$37,907,050 was sold versus US$32,005,777 on Monday, the selling rate rose by 5 cents to $112.77.
The Canadian dollar dollar buying rate climbed $1.40 to $101.59 with dealers buying C$1,639,537 and selling C$1,419,947 at an average selling rate that fell 13 cents to $102.43.
The rate for theBritish Pound rose by $1.08 to $185.02, for the purchase of £1,601,962, while £887,872, was sold, as the rate inched upl 4 cents to $186.58. Other currencies bought, amounted to the equivalent of US$357,481, while selling was the equivalent of US$344,295.
Highs & Lows| The highest buying rate for the US dollar rose 10 cents to $113.10, the lowest buying, the highest selling and the lowest selling rates remained unchanged $91.85 and $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose 50 cents to $104, the lowest buying rate fell by 21 cents to $81.38, the highest selling rate fell 27 cents to $104.91 and the lowest selling rate fell 25 cents at $98.05.The highest buying rate for the British Pound was down by 30 cents to $186.90, the lowest buying rate fell 15 cents to $149.57. The highest selling rate was unchanged at $193.03 and lowest selling rate gained 20 cents to $180.20.
US$10m more sold than bought
J$ gains vs all as US$10m more bought than sold
In Monday’s forex trading, authorized dealers bought US$10 more than they sold as the equivalent of US$44,554,172 was purchased versus US$33,380,231 on Friday, and they sold the equivalent of US$34,048,888 compared to US$34,212,576 on Friday.
In US dollar trading, dealers bought US$41,367,650 compared to US$27,436,923 on Friday. The buying rate for the US dollar fell 7 cents to $112.28 and US$32,005,777 was sold versus US$29,448,084 on Friday, the selling rate declined by 6 cents to $112.73.
The Canadian dollar buying rate fell $1.80 to $100.19 with dealers buying C$1,118,018 and selling C$876,560, the selling rate fell 19 cents to $102.56.
The rate for theBritish Pound declined by $1.27 to $183.94, for the purchase of £1,216,091, while £444,846, was sold, as the rate fell 47 cents to $186.54. Other currencies bought, amounted to the equivalent of US$196,574, while selling was the equivalent of US$509,517.
Highs & Lows| The highest buying rate for the US dollar fell 10 cents to $113, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively, and the lowest selling rate fell $1.45 to end at $91.85. There was no change to highest buying rate for the Canadian dollar, which remained at $103.50, the other rates remained unchanged with the lowest buying rate at $81.59, the highest selling rate at $105.18 and the lowest selling rate at $98.30. The highest buying rate for the British Pound was up by 20 cents to $187.20, the lowest buying rate was unchanged at $149.73. The highest selling rate rose $2.37 to $193.03 and lowest selling rate gained 20 cents to $180.40.
J$ stable with US gains vs Pound & Canadian
In Friday’s forex trading, authorized dealers bought the equivalent of US$33,380,231 versus US$28,845,903 on Thursday, and sold the equivalent of US$34,212,576 compared to US$28,790,439 on Thursday.
In US dollar trading, dealers bought US$27,436,923 compared to US$24,514,855 on Thursday. The buying rate for the US dollar fell 3 cents to $112.35, US$29,448,084 was sold versus US$25,391,984 on Thursday, the selling rate was unchanged at $112.79.
The Canadian dollar buying rate gained 25 cents to $101.99 with dealers buying C$2,229,148, and selling C$1,605,903, the selling rate fell 19 cents to $102.76. The rate for thePound declined by 17 cents to $185.21, for the purchase of £1,452,616, while £1,254,137 was sold, as the rate fell 9 cents to $187.01. Other currencies bought, amounted to the equivalent of US$1,524,963 while selling was the equivalent of US$1,222,079.
Highs & Lows| The highest buying rate for the US dollar fell 90 cents to $113.10, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively, and the lowest selling rate fell 73 cents to end at $93.30. The highest buying rate for the Canadian dollar, lost 50 cents to $103.50 and the lowest buying rate was unchanged at $81.59. The highest selling rate fell 38 cents to $105.18 and the lowest selling rate was unchanged at $98.30. The highest buying rate for the British Pound was down 90 cents to $187, the lowest buying rate decreased 50 cents to $149.73. The highest selling rate fell $3.01 to $190.66 and lowest selling rate declined 80 cents to $180.20.
Amounts bought & sold even on Thursday
In Thursday’s forex trading, authorized dealers bought the equivalent of US$28,845,903 versus US$32,241,775 on Wednesday, and sold the equivalent of US$28,790,439 compared to US$35,433,717 on Wednesday.
In US dollar trading, dealers bought US$24,514,855 compared to US$26,752,066 on Wednesday. The buying rate for the US dollar rose 8 cents to $112.38 and US$25,391,984 was sold versus US$32,372,395 on Wednesday, the selling rate was unchanged at $112.79.
The Canadian dollar buying rate gained 62 cents to $101.74 with dealers buying C$1,834,292 and selling C$1,561,395, the selling rate fell 35 cents to $102.94.
The rate for Pound eased back by 98 cents to $185.38, for the purchase of £1,422,602, while £897,913 was sold, as the rate fell 42 cents to $187.10. Other currencies bought, amounted to the equivalent of US$323,632 while selling was the equivalent of US$484,024.
Highs & Lows| The highest buying rates for the US dollar rose 90 cents to $114, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively, and the lowest selling rate rose $2.18 to end at $94.03. The highest buying rate for the Canadian dollar, recovered $1.05 to $104 and the lowest buying rate was down 29 cents to $81.59. The highest selling rate rose 6 cents to $105.56 and the lowest selling rate gained 30 cents to $98.30. The highest buying rate for the British Pound was up 12 cents to $187.90, the lowest buying rate increased by 17 cents to $150.23. The highest selling rate climbed $1.67 to $193.67 and lowest selling rate increased by 20 cents to $181.
Ja interest rates on slow downward drift
Rates on Government of Jamaica Treasury Bills, have been on a slow drift downwards from levels attained earlier this year. The trend is expected to continue while the rate of exchange for the local dollar, remains fairly stable and inflation is kept under control.
The Treasury bill for the period Friday, August 22 to maturity on Friday, November 21 this year, for the duration of 91 days, attracted bids of $639,068,500, (July $732,981,900) for the $400,000,000 on offer, to yield an average of 7.46767 percent, down from 7.63643 percent average rate out turn in July. The arte for the June issue was 7.65893 percent and in May, the rate was 8.2 percent for the Treasury bill of same duration.
The offer for 182 days duration, matures on February 20 next year and will generate an average interest rate yield of 8.11578 percent down from 8.21982 percent at the July’s auction and 8.36502 percent for the June issue of the same duration. At the May Treasury bill auction, the rate came out was 8.932 percent. $745,290,300 went after the $400 million offered for the latest issue.
New BOJ CDs| At the same time, Bank of Jamaica is offering both US dollar denominated medium term Certificate of deposit instruments and local Jamaica dollar instrument to the market. The US dollar bonds are for an unlimited amount and will pay interest semi-annually.
The offerings are, BOJ FR USD-CD 2018K is for a duration of 4-years at a fixed coupon of 4.50 percent per annum. (ii) The offer of BOJ FR USD-CD 2019G is for 5-years and offers a fixed coupon of 5 percent per annum. (iii) The offer of BOJ FR USD-CD 2021 is for an unlimited amount. The tenor of this instrument is 7-years and offers a fixed coupon of 5.50 percent per annum.
(iv) The offer of BOJ VR-CD 2015AE is for an unlimited amount. The tenor of this instrument is 364-days. The instrument re-prices semi-annually at 0.25 percentage point above the six month GOJ Treasury Bill rate existing at the start of each re-pricing period. The initial coupon for the first six months will therefore be the six month GOJ Treasury Bill rate of 8.12 per cent, plus 0.25 percentage point.
Buying up selling down vs Tuesday
In Wednesday’s forex trading, authorized dealers bought the equivalent of US$32,241,775 versus US$30,559,230 on Tuesday, and sold the equivalent of US$35,433,717 compared to US$38,823,613 on Tuesday.
In US dollar trading, dealers bought US$26,752,066 compared to US$24,842,382 on Tuesday. The buying rate for the US dollar rose 11 cents to $112.30 and US$32,372,395 was sold versus US$33,898,255 on Tuesday, the selling rate gained 1 cents to $112.79.The Canadian dollar buying rate fell $1.11 to $101.13 with dealers buying C$708,997 and selling C$542,678, the selling rate rose 33 cents to $103.29. The rate for the Pound climbed 50 cents to $186.36, for the purchase of £2,378,979 while £1,163,950 was sold, as the rate fell 78 cents to $187.51. Other currencies bought, amounted to the equivalent of US$903,355 while selling was the equivalent of US$629,226.
Highs & Lows| The highest buying rates for the US dollar dropped 95 cents to $113.10, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively, and the lowest selling rate gave back the $18.15 it gained on Tuesday to end at $91.85. The highest buying rate for the Canadian dollar, fell $1.55 to $102.95 and the lowest buying rate was unchanged at $81.88. The highest selling rate declined 9 cents to $105.50 and the lowest selling rate declined by 50 cents to $98. The highest buying rate for the British Pound declined 62 cents to $187.78, the lowest buying rate fell 42 cents to $150.06. The highest selling rate dropped $1.99 to $192 and lowest selling rate declined by 50 cents to $180.80.
US$8M more selling as J$ slips versus US
In Tuesday’s forex trading, authorized dealers bought the equivalent of US$30,559,230 versus US$51,429,049 on Monday, and sold the equivalent of US$38,823,613 compared to US$39,296,236 on Monday.
In US dollar trading, dealers bought US$24,842,382 compared to US$43,033,837 on Monday. The buying rate for the US dollar rose 4 cents to $112.19 and US$33,898,255 was sold versus US$32,941,586 on Monday, the selling rate gained 4 cents to $112.78.The Canadian dollar buying rate rose 42 cents to $102.24 with dealers buying C$2,505,894 and selling C$2,206,883, the selling rate declined 72 cents to $102.97. The Pound closed at $185.86, for the purchase of £1,624,951 as the rate fell $1.46 while £1,212,246 was sold, as the rate was up by 2 cents to $188.30. Other currencies bought, amounted to the equivalent of US$741,128 while selling was the equivalent of US$886,627.
Highs & Lows| The highest buying rates for the US dollar rose by 5 cents to $114.05, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively, and the lowest selling rate was up by $18.15 to $110. The highest buying rate for the Canadian dollar, rose by 80 cents to $104.50 and the lowest buying rate was unchanged at $81.88. The highest selling rate declined 91 cents to $105.59 and the lowest selling rate rose by $10.75 to $98.50. The highest buying rate for the British Pound declined 15c to $188.40, the lowest buying rate was unchanged at $150.48 and so were the highest selling rate at $193.99 and lowest selling rate of $181.30.
J$ gains with US$12m excess bought
In Monday’s forex trading, authorized dealers bought the equivalent of US$12 million more than they sold. on Friday they also bought more funds than they sold as well. Dealers bought the equivalent of US$51,429,049 versus US$33,052,457 on Friday, and sold the equivalent of US$39,296,236 compared to US$30,402,196 on Friday.
In US dollar trading, dealers bought US$43,033,837 compared to US$28,114,105 on Friday. The buying rate for the US dollar rose 3 cents to $112.14 and US$32,941,586 was sold versus US$27,347,731 on Friday, the selling rate declined 8 cents to $112.74. The Canadian dollar buying rate fell 30 cents to $101.82 with dealers buying C$2,035,503 and selling C$2,162,384, the selling rate rose 38 cents to $103.69.The Pound closed at $187.33, for the purchase of £3,801,319 as the rate rose $1.24 while £2,552,009 was sold, as the rate was up by 17 cents to $188.27. Other currencies bought, amounted to the equivalent of US$197,287 while selling was the equivalent of US$104,115.
Highs & Lows| The highest buying rates for the US dollar rose by 90 cents to $114, the lowest buying rate and the highest selling rate remained unchanged $91.85 and $117.70 respectively and the lowest selling rate was down by $18.15 to $91.85. The highest buying rate for the Canadian dollar, rose by 40 cents to $103.70 and the lowest buying rate was up 12 cents to $81.88. The highest selling rate gained 82 cents to $106.50 and the lowest selling rate dropped by $10.90 to $87.75. The highest buying rate for the British Pound declined $1.65 to $188.55, the lowest buying rate was unchanged at $150.48. The highest selling rate rose $2.14, to $193.99 and lowest selling rate was unchanged at $181.30.
Jamaican $ holds against US$
In Friday’s forex trading, authorized dealers bought the equivalent of US$33,052,457 versus US$29,089,690 on Thursday, and sold the equivalent of US$30,402,196 compared to US$34,347,093 on Thursday.
In US dollar trading, dealers bought US$28,114,105 compared to US$25,479,719 on Thursday. The buying rate for the US dollar fell 19 cents to $112.11 and US$27,347,731 was sold versus US$30,449,315 on Thursday, the selling rate remained unchanged at $112.82. The Canadian dollar buying rate rose 31 cents to $102.12 with dealers buying C$2,156,405 and selling C$1,311,348, the selling rate rose 50 cents to $103.31. The Pound closed at $186.09, for the purchase of £1,436,894 as the rate rose 2 cents while £858,161 was sold, as the rate declined by 21 cents to $188.10. Other currencies bought, amounted to the equivalent of US$589,055 while selling was the equivalent of US$156,815.
Highs & Lows| The highest and lowest buying rates for the US dollar and the highest selling rate remained unchanged, at $113.10, $91.85 and $117.70 respectively and the lowest selling rate climbed $18.15 to $110. The highest buying rate for the Canadian dollar, declined by 5 cents to $103.30 and the lowest buying rate was unchanged at $81.76. The highest selling rate declined 36 cents to $105.68 and the lowest selling rate rose 15 cents to $98.65. The highest buying rate for the British Pound rose $1.40 to $190.20, the lowest buying rate fell 33 cents to $150.48. The highest selling rate fell $3.26, to $191.85 and lowest selling rate rose $26.26 to $181.30.
Jamaican $ gains against all
In Thursday’s forex trading, the selling rate for all three main currencies declined against the Jamaican dollar and only the buying rate for the Canadian dollar increased.
Authorized dealers bought the equivalent of US$29,089,690 versus US$34,069,194 on Wednesday, and sold the equivalent of US$34,347,093 compared to US$36,968,896 on Wednesday. In US dollar trading, dealers bought US$25,479,719 compared to US$29,576,893 on Wednesday. The buying rate for the US dollar fell 3 cents to $112.30 and US$30,449,315 was sold versus US$33,827,227 on Wednesday, the selling rate fell a cent to $112.82. The Canadian dollar buying rate rose 70 cents to $101.81 with dealers buying C$1,621,784 and selling C$1,311,348, the selling rate declined by 80 cents to $102.81.The Pound closed at $186.07, for the purchase of £1,178,617 as the rate dropped 86 cents while £1,158,481 was sold, as the rate declined by 32 cents to $188.32. Other currencies bought, amounted to the equivalent of US$186,838 while selling was the equivalent of US$769,051.
Highs & Lows| The highest rate for buying the US dollar, fell 10 cents to $113.10, the lowest buying, the highest and the lowest selling rates remained unchanged, at $91.85, $117.70 and $91.85, respectively. The highest buying rate for the Canadian dollar, declined by 30 cents to $103.35 and the lowest buying rate was up 42 cents to $81.76. The highest selling rate declined 46 cents to $106.04 and the lowest selling rate was down 60 cents to $98.50. The highest buying rate for the British Pound declined 60 cents to $188.80, the lowest buying rate fell 54 cents to $150.81. The highest selling rate rose $3.41, to $195.11 and lowest selling rate eased back by $27.31 to $155.04.
