Bank of Jamaica tames market with big sale

BankofJamaicaBOJBank of Jamaica’s announcement on Wednesday that they would intervene in the forex market on Thursday, led to heavy volume of US dollar being bought and sold, with dealers buying US$79.2 million and selling US$75 million, the rate for selling the US dollar slipped back by 3 cents Jamaican to J$112.71, compared with J$112.74 on Wednesday.
FX sum 10-7-14On Thursday, dealers bought the equivalent of $81,413,723 versus US$30,976,689 on Wednesday and they sold the equivalent of US$76,753,326 compared to US$27,377,149 sold on the previous trading day.
In US dollar trading, dealers bought US$79,215,627 compared to US$27,065,797 on Wednesday as the buying rate for the US dollar rose 36 cents to $112.50 and sold US$75,110,656 versus US$29,837,045 on Wednesday, with the rate falling 3 cents to $112.71.
The Canadian dollar buying rate fell 33 cents, to $102.79 with dealers buying only C$749,467 and selling even less, C$510,916 as the rate declined, 56 cents to $105.99.
The Pound closed at $189.20, for the purchase of £751,860, the rate declined 19 cents, while £341,356 was sold, with the rate unchanged at $192.97. Other currencies bought, amounted to the equivalent of US$248,856 while selling was the equivalent of just US$577,766.
FX hl -10-7-14Highs & Lows| The highest rate for buying the US dollar fell 5 cents to $113.20, the lowest buying and the highest selling rates were unchanged at $92.02 and $117.91 respectively and the lowest selling rate rose $16.33 to $109.80.
The highest buying rate for the Canadian dollar was up by 10 cents, to $106.20 and the lowest buying rate was unchanged at $83.83. The highest selling rate fell 32 cents, to $108.07 and lowest selling rate was unchanged, at $101.
The highest buying rate for the British Pound, fell 35 cents to $193.30, while the lowest buying rate was unchanged, at $154.75 and the highest selling rate climbed by $3.22, to $199.56, the lowest selling rate was rose $1.35 cents, to $186.45.

Inflows don’t meet outflows

In Forex trading on Wednesday, the total inflows of funds was less than outflows, with the equivalent of US$30,976,689 being purchased to US$32,934,235 sold and compares to the equivalent of US$27,377,149 bought and US$29,447,519 sold on the previous trading day.
In US dollar trading, dealers bought US$27,065,797 compared to US$23,344,802 on Tuesday as the buying rate for the US dollar rose 21 cents to $112.14 and sold US$29,837,045 versus US$27,193,483 on Tuesday, with the rate rising 13 cents to $112.74.
FX 9-7-14SumThe Canadian dollar buying rate rose 6 cents to $103.12 with dealers buying C$1,001,201 and selling only C$1,469,073, the rate rose by $1.30 to $106.55.
The Pound closed at $189.39 for the purchase of £1,054,247, the rate decline $1.29, while £539,822 was sold, with the rate inching up by 3 cents to $192.97. Other currencies bought, amounted to the equivalent of US$1,209,746 while selling was the equivalent of just US$784,851.
FX 9-7-14HLHighs & Lows| The highest rate for buying the US dollar fell $3.83 to $113.25, the lowest buying rate climbed 17 cents to $92.02 and the highest selling rates increased by 21 cents to $117.91 and the lowest selling rate rose $1.62 to $93.47.
The highest buying rate for the Canadian dollar fell $1.87 to $106.10 and the lowest buying rate declined by 29 cents to $83.83. The highest selling rate was unchanged at $108.39 and lowest selling rate, slipped by 35 cents to $101.
The highest buying rate for the British Pound, fell 15 cents to $193.65, while the lowest buying rate rose 4 cents at $154.75 and the highest selling rate dropped by $3.11 to $196.34, the lowest selling rate was down $1.35 cents to $185.10.

More inflows than outflows but J$ still slips vs US

In Forex trading on Monday, the total inflows of funds was more than outflows, with the equivalent of US$42,845,590 being purchased to US$36,734,655 sold compared to the equivalent of US$24,376,857 bought and US$22,464,188 sold on the previous trading day.
In US dollar trading, dealers bought US$36,457,358 compared to US$20,362,496 on Friday as the buying rate for the US dollar fell 1 cent to $111.89 and sold US$32,914,257 versus US$18,760,043 on Friday, with the rate rising 3 cents to $112.52.
FX sum 7-7-14The Canadian dollar buying rate fell $1.97 to $103 with dealers buying C$1,284,007 and selling only C$770,986, the rate eased by 51 cents to $105.60.
The Pound closed at $190.71 for the purchase of £2,508,638, the rate rose 91 cents, while £1,297,137 was sold, with the rate inching up by 29 cents to $192.88. Other currencies bought, amounted to the equivalent of US$930,317 while selling was the equivalent of just US$873,204.
Highs & Lows| The highest rate for buying the US dollar gained 40 cents to $113.30, the lowest buying and the highest selling rates were unchanged at $91.85 FX hl 7-7-14and $117.70 respectively, but the lowest selling rate declined by 83 cents to $91.02.
The highest buying rate for the Canadian dollar fell 35 cents to $105.95 and the lowest buying rate was up 25 cents to $84.08. The highest selling rate was up 32 cents, to $108.39 and lowest selling rate, dropped by $18.16 to $82.84.
The highest buying rate for the British Pound, increased by $1.20 to $194.50, while the lowest buying rate increased 8 cents to $154.71. The highest selling rate climbed $3.34 to $199.45 and the lowest selling rate was up by $3.44 to $186.40.

Forex flows down sharply

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In Forex trading on Friday, the total inflows of funds was more than outflows, with the equivalent of US$24,376,857 purchased to US$22,464,188 sold compared to the equivalent of US$38,577,518 bought and US$32,619,871 sold on the previous trading day.
FXsum4-7-14In US dollar trading, dealers bought US$20.36 million compared to US$33.54 million on Thursday as the buying rate for the US dollar fell 6 cents to $111.90 and sold US$18,760,043 versus US$29,180,481 on Thursday, with the rate rising 9 cents to $112.48.
The Canadian dollar buying rate was up $1.57 to $104.97 with dealers buying C$2,289,929 and selling C$2,105,928, the rate rose by 46 cents to $106.11.
The Pound closed at $189.80 for the purchase of £986,464, the rate fell 31 cents, while £452,417 was sold, with the rate inching down by 70 cents to $192.59. Other currencies bought, amounted to the equivalent of US$192,950 while selling was the equivalent of just US$942,867.
FXhl4-7-14Highs & Lows| The highest rate for buying the US dollar was unchanged at $112.90, the lowest buying rate climbed 42 cents to $91.85, the highest selling rate was unchanged at $117.70 but the lowest selling rate was up 83 cents to $91.85.
The highest buying rate for the Canadian dollar rose 35 cents to $106.30, the lowest buying rate was up 54 cents to $83.83, the highest selling rate was unchanged at $108.07 and lowest selling rate rose by $1 to $101.
The highest buying rate for the British Pound declined by 20 cents to $193.30 while the lowest buying rate increased 62 cents to $154.63. The highest selling rate fell $3.61 to $196.11 and the lowest selling rate was down by $3.04 to $182.96.

Inflows out strip sales but J$ slips

In Forex trading, the total inflows of funds was more than outflows, with the equivalent of S$38,577,518 purchased to US$32,619,871 sold compared to the equivalent of US$25,437,601 bought and $28,097,173 sold on the previous trading day.
In US dollar trading, dealers bought US$33,538,397 compared to US$22,803,724 on Wednesday as the buying rate for the US dollar increased by 20 cents to $111.95 and sold US$29,180,481 versus US$25,704,876 on Wednesday, with the rate rising 8 cents to $112.39.
FX sum 3-7-14The Canadian dollar buying rate was up 90 cents to $103.41 with dealers buying C$1,258,480 and selling C$1,132,601 as the rate fell by 30 cents to end at $105.66.
The Pound closed at $190.12 for the purchase of £2,233,157, the rate increased by 39 cents, while £1,353,848 was sold, with the rate climbing by $1.16 to $193.28. Other currencies bought, amounted to the equivalent of US$84,491 while selling accounted for the equivalent of just US$46,361.
FX hl-3-7-14Highs & Lows| The highest rate for buying the US dollar fell 2 cents to $112.90, the lowest buying rate was unchanged at $91.43, the highest selling rate was up 53 cents to $117.70 but the lowest selling rate was unchanged at $91.02.
The highest buying rate for the Canadian dollar rose 45 cents to $105.95, the lowest buying rate was unchanged at $83.29, the highest selling rate rose by 43 cents to $108.07 and lowest selling rate fell $1.50 to $100.
The highest buying rate for the British Pound gained 45 cents to $193.50 while the lowest buying rate increased 83 cents to $154.01. The highest selling rate increased $3.88 to $199.72 and the lowest selling rate was up by 97 cents to $186.

J$112.26 to buy the US dollar

In Forex trading the total inflows of funds was slightly higher than outflows, with the equivalent of US$34,797,225 purchased, to US$33,786,541 sold compared to the equivalent of US$43,468,700 bought and $39,107,616 sold on the previous trading day.
In US dollar trading, dealers bought US$30,303,191 compared to US$36,202,132 on Monday as the buying rate for the US dollar increased by 14 cents to $111.66 and sold US$31,522,303 versus US$32,694,269 on Monday with the rate closing up 6 cents at $112.26.
FX sum 1-7-14The Canadian dollar buying rate fell 43 cents to $103.36 with dealers buying C$1,447,974 and selling C$964,815 as the rate declined by 71 cents to end at $105.01.
The Pound closed at $189.51 for the purchase of £1,649,198, the rate rose 32 cents, while £684,741 was sold, with the rate climbing by 12 cents to $192.02. Other currencies bought, amounted to the equivalent of US$354,670 while selling accounted for the equivalent of just US$190,442.
FX hl 1-7-14fHighs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.80, the lowest buying rate was unchanged at $91.02, the highest selling rate rose 54 cents to $117.17 at the end of trading but the lowest selling rate rose $18.69 to $109.50.
The highest buying rate for the Canadian dollar rose 15 cents to $105.70, in the meantime the lowest buying rate rose 46 cents at $83.29, the highest selling rate rose by 37 cents to $107.37 and lowest selling rate climbed 55 cents to $100.35.
The highest buying rate for the British Pound increased $1.50 to $194 while the lowest buying rate inched up $1.04 to $153.18. The highest selling rate rose by $1.34 to $197.47 and the lowest selling rate was up $1.25 to $184.55.

J$112.15 to buy the US dollar

Dealers sold more US dollars than they bought on Friday helping to push the value of the Jamaican down to the lowest levels on record at J$112.15 to US dollar as the local currency lost value against all three major currencies.
FX sum 27-6-14Overall, the total inflows of funds was slightly higher than the outflows, with the equivalent of US$32,458,785 purchased, to US$31,869,468 sold compared to the equivalent of US$27,672,890 bought and $27,581,379 sold on the previous trading day. In US dollar trading, dealers bought US$24,215,389 compared to US$23,556,430 on Thursday as the buying rate for the US dollar rose by 11 cents to $111.54 and sold US$26,206,729 versus US$24,262,138 on Thursday with the rate closing up 12 cents at $112.15.
The Canadian dollar buying rate increased by 39 cents to $104.34 with dealers buying C$4,167,477 and selling C$3,710,374 as the rate rose by 4 cents to end at $104.92.
The Pound closed at $189.09 for the purchase of £2,472,622, the rate rose $1.05, while £1,192,484 was sold, the rate climbed by 68 cents to $191.18. Other currencies bought, amounted to the equivalent of US$153,206 while selling accounted for the equivalent of just US$158,485.
FX HL 27-6-14Highs & Lows| The highest rate for buying the US dollar fell 5 cents to $112.55, the lowest buying rate of $91.02 and the highest selling rate of $116.63 were unchanged at the end of trading but the lowest rate climbed $18.19 to of $109.
The highest buying rate for the Canadian dollar rose 47 cents to $105.45, in the meantime the lowest buying rate rose 13 cents at $82.63, the highest selling rate fell by 71 cents to $106.86 and lowest selling rate dropped 50 cents to $99.
The highest buying rate for the British Pound increased 30 cents to $191.30 while the lowest buying rate inched up 4 cents to $151.93. The highest selling rate of $195.86 remained unchanged and the lowest selling rate was up 20 cents to $183.25.

J$ crosses $112 mark for first time

Dealers sold US$24,262,138 on Thursday at a record high of J$112.03 to US$1 as the selling rate rose by 4 cents compared to the closing rate on Wednesday. The Canadian dollar also gained against the local currency but the Jamaican dollar gained against the British Pound. Inflows and outflows were almost even, with the equivalent of US$27,672,890 purchased, to US$27,581,379 sold compared to the equivalent of US$29,420,890 bought and $30,842,690 sold on the previous trading day. In US dollar trading, dealers bought US$23,556,430 compared to US$24,714,017 on Wednesday as the buying rate for the US dollar slipped by a cent to $111.43 and sold US$24,262,138 versus US$27,513,720 on Wednesday with the rate closing up 4 cents at $112.03.
FX 26-6-14fThe Canadian dollar buying rate increased by $1.51 to $103.95 with dealers buying C$2,340,981 and selling C$2,655,428 as the rate rose by 39 cents to end at $104.89.
The Pound closed at $188.04, for the purchase of £1,066,780, the rate fell back $1.01, while £460,546 was sold, with the rate easing by 18 cents to $190.50. Other currencies bought, amounted to the equivalent of US$132,656 while selling accounted for the equivalent of just US$49,931.
FX HL 26-6-14Highs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.60, the lowest buying rate of $91.02, the highest selling rate at $116.63 and the lowest rate of $90.81 were all unchanged at the end of Thursday’s trading.
The highest buying rate for the Canadian dollar rose 28 cents to $104.98, in the meantime the lowest buying rate remained unchanged at $82.50, the highest selling rate rose by $1.21 to $107.57 and lowest selling rate rose 10 cents to $99.50.
The highest buying rate for the Pound increased 5 cents to $191 while the lowest buying rate fell back by $7.32 to $151.89. The highest selling rate rose by $2.63 to $195.86 and the lowest selling rate was up 5 cents to $183.05.

J$ loses value against all

The local dollar slipped against all three main currencies Wednesday as inflows were slightly lower than outflows, with the equivalent of US$29,420,890 purchased, to US$30,842,690 sold compared to the equivalent of US$32,499,886 bought and $30,817,870 sold on the previous trading day.
In US dollar trading, dealers bought US$24,714,017 compared to US$29,563,621 on Tuesday as the buying rate for the US dollar was unchanged at $111.44 and sold US$27,513,720 versus US$28,277,012 on Tuesday with the rate closing up 6 cents at $111.99.
FX sum 25-6-14The Canadian dollar buying rate climbed by 84 cents to $102.44 with dealers buying C$816,780 and selling C$723,988 as the rate rose 86 cents to end at $104.50. The Pound closed at $189.05, for the purchase of £2,267,992, the rate was up $1.90, while £1,507,826 was sold, with the rate rising 69 cents to $190.68. Other currencies bought, amounted to the equivalent of US$108,643 while selling accounted for the equivalent of just US$86,081.
FX HL 25-6-14Highs & Lows| The highest rate for buying the US dollar rose 10 cents to $112.50, the lowest buying rate climbed 21 cents to $91.02 but the highest selling rate was unchanged at $116.63 and the lowest fell 21 cents to $90.81.
The highest buying rate for the Canadian dollar rose 45 cents to $104.70, the lowest buying rate remained unchanged at $82.50, the highest selling rate rose by 21 cents to $106.36 and lowest selling rate remained unchanged at $99.40.
The highest buying rate for the Pound increased 75 cents to $190.95 while the lowest buying rate increased by $7.32 to $159.21. The highest selling rate declined by $2.90 to $193.23 and the lowest selling rate was down 30 cents to $183.

J$ drops against US dollar

The local dollar slipped against the US on Tuesday but was up against the Canadian dollar and mixed versus the Pound sterling, as inflows were once more higher than outflows, with the equivalent of US$32,499,886 being bought, to US$30,817,870 sold. On Monday dealers bought the equivalent of US$44,472,177 to $36,939,559 sold. In US dollar trading, dealers bought US$29,563,621 compared to US$38,400,461 on Monday as the buying rate for the US dollar rose 20 cents to $111.44 and sold US$28,277,012 versus US$33,754,880 on Monday with the rate closing up 8 cents at $111.93.
FXsum 24-6-14The Canadian dollar buying rate was down by 88 cents to $101.60 with dealers buying C$789,494 and selling C$497,142 as the rate fell 41 cents to end at $103.63.
The Pound closed at $187.16, for the purchase of £907,493, the rate fell 94 cents, while £801,571 was sold, with the rate rising 43 cents to $189.98. Other currencies bought, amounted to the equivalent of $692,375 while selling accounted for the equivalent of just $720,056.
FX HL 24-6-14Highs & Lows| The highest rate for buying the US dollar gained 5 cents to $112.40, the lowest buying rate remained unchanged at $90.81 but the highest selling rate was up 27 cents to $116.63 and the lowest was up 21 cents to $91.02.
The highest buying rate for the Canadian dollar fell 20 cents to $104.25, the lowest buying rate moved up 50 cents to $82.50, the highest selling rate rose by 15 cents to $106.15 and lowest selling rate gained 60 cents to $99.40.
The highest buying rate for the Pound lost 40 cents to $190.20 while the lowest buying rate was unchanged at $151.89. The highest selling rate increased by 32 cents to $196.13 and the lowest selling rate was up 30 cents to $183.30.