J$ just 11 cents away from $117 to US

June 25, 2015 by

The J$ is just 11 cents away from $117 to the US dollar on Thursday

The J$ is just 11 cents away from $117 to the US dollar on Thursday

The Jamaican dollar lost ground on Thursday against the US dollar as it edges just 11 cents away from J$117, but it gained on the Pound and the Canadian dollar. Dealers bought the equivalent of US$29,947,285 compared with US$30,175,916 on Wednesday, while they sold the equivalent of US$27,593,054 versus US$36,534,605 previously.
In US dollar trading, dealers bought US$27,666,499 compared to US$26,945,527 on Wednesday. The buying rate for the US dollar increased 11 cents to $116.22 and US$26,103,111 was sold versus US$33,784,230 on Wednesday, the selling rate rose 9 cents to $116.89. The Canadian dollar buying rate fell 36 cents to $92.31 with dealers buying C$870,248 and selling C$445,174, at an average rate that fell 28 cents to $94.42.FX sum 25-6-15 The rate for buying the British Pound gained 49 cents to $181.36 for the purchase of £955,239, while £755,546 was sold, at an average rate that declined 46 cents to $183.37. At the end of trading, it took J$130.63 to purchase the Euro, 12 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.92 for 4 cents more than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$98,887, while the equivalent of US$374,801 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 12 cents to $117.22, the lowest buying rate dropped $4.91 to $90.70. The highest and lowest selling rates remained at $122.52 and $95.61 respectively. FX HL 25-6-15The highest buying rate for the Canadian dollar moved up $1.40 to $96, the lowest buying rate remained at $74.95. The highest selling rate added 60 cents to $98 and the lowest selling rate dipped $1.50 to $90.30. The highest buying rate for the British Pound, rose 15 cents to $184.15, the lowest buying rate remained at $147.74, with the highest selling rate falling $3.54 to $186.92 and the lowest selling rate dipped $2 to $178.

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J$ makes gains on Friday

May 22, 2015 by

USdollarStacks280x150 Trading on Friday in the foreign exchange market saw buoyant flows to end off the week as inflows were more than the amount sold by dealers and resulted in slight appreciation of the Jamaican dollar. The purchase of all currencies by dealers amounted to the equivalent of US$46,758,067 compared with US$34,195,247, on Thursday and selling, the equivalent of US$40,993,978 versus sale of US$65,454,392, previously.
In US dollar trading, dealers bought US$44,452,045 compared to US$30,929,977 on Thursday. The buying rate for the US dollar rose 9 cents to $115.78 and US$39,857,108 was sold versus US$64,242,043 on Thursday, the selling rate declined by 2 cents to $116.10. The Canadian dollar buying rate rose 28 cents to $92.60 with dealers buying C$760,341 and selling C$523,539, at an average rate that fell 25 cents to $94.97. FX sum 22-5-15The rate for buying the British Pound fell $1.60 to $178.01 for the purchase of £1,001,924, while £370,134, was sold, at an average rate that slipped 5 cents to $180.78. At the end of trading it took J$129.15 to purchase the Euro, 23 cents more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.74 for a rise of 19 cents on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$157,447, while the equivalent of US$132,292, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 4 cents to $116.31. FX HL fn 22-5-15The lowest buying, the highest and the lowest selling rates were unchanged at $94.98, $121.71 and $94.98 respectively. The highest buying rate for the Canadian dollar rose 70 cents to $95.80. The lowest buying rate fell 4 cents at $75.32, the highest selling rate gained $1.54 to $98.70 and the lowest selling rate fell 5 cents to $90.75. The highest buying rate for the British Pound, rose 61 cents to $182.51, the lowest buying rate closed unchanged at $144.63, the highest selling rate fell 50 cents to $185.02 with the lowest selling rate remained unchanged at $174.25.

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J$ slips against US & Pound- Friday

February 27, 2015 by

the Jamaican dollar slipped in value on Friday against the British Pound and the Us dollar but gained against the Canadian with purchases of all currencies by dealers amounting to US$41,792,863 compared with the US$36,782,160, on Thursday and selling of the equivalent of US$42,252,844 versus US$51,379,595 sold on Thursday.
FX sum 27-2-15 In US dollar trading, dealers bought US$36,360,074 compared to US$31,445,586 on Thursday. The buying rate for the US dollar put on 3 cents to $115.15 and US$39,309,385 was sold versus US$49,329,254 on Thursday, the selling rate rose 5 cents to $115.64 The Canadian dollar buying rate jumped $1.34 to $92.04 with dealers buying C$2,968,466, and selling C$1,859,975, at an average rate that gained 39 cents to $92.64. The rate for buying the British Pound dipped 33 cents to $176.71 for the purchase of £1,911,861, while £763,754 was sold, at an average rate of $178.63, down by 1 cent. At the end of trading it took J$129.62 to purchase the Euro, $1.67 less than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.15 for $1.67 less than on Thursday. FXHL - 27-2-15 Other currencies bought, amounted to the equivalent of US$126,015 while the equivalent of US$273,697, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.80, $94.36 and $120.91 respectively. The lowest selling rate dropped $17.11 to $96.39. The highest buying rate for the Canadian dollar jumped $3.20 to $96.20, the lowest buying rate fell 45 cents to $73.25. The highest selling rate rose $1.74 to $97 and the lowest selling rate jumped $11.74 to $87.25 The highest buying rate for the British Pound, slipped 80 cents to $178.10. The lowest buying rate fell 54 cents to $142.88, the highest selling rate lost $3.04 to $181.86 and the lowest selling rate declined 35 cents to $172.15.

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US$3.5M more bought than sold but J$ falls

July 25, 2014 by

In Friday’s forex trading, funds bought by dealers, were US$3.5 million more than the amount they sold as dealers bought the equivalent of US$41,124,424 versus US$29,237,131 on Thursday, and sold the equivalent of US$37,641,679 compared to US$34,773,160 on Thursday.
FX sum 25-7-14In US dollar trading, dealers bought US$37,161,136 compared to US$24,787,518 on Thursday as the buying rate for the US dollar, rose 13 cents to $112.45 and sold US$34,873,810 versus US$29,503,394 on Thursday, as the rate gained 4 cents to $112.87.
The Canadian dollar buying rate fell 85 cents, to $102.62 with dealers buying C$1,128,685 and selling C$673,047, as the rate dipped $1.27 to $106.16.
The Pound closed at $189.64, for the purchase of £1,613,433, as the rate dropped 27 cents while £1,132,114 was sold, as the rate climbed 59 cents, to $192.08. Other currencies bought, amounted to the equivalent of US$212,185 while selling was the equivalent of US$215,776.
FX hl 25-7-14Highs & Lows| The highest rate for buying the US dollar, closed with a rise of 20 cents at $113.30, the lowest buying, the highest selling and the lowest selling rates remained unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar fell 20 cents to $105 and the lowest buying rate gained 4 cents to $83.25. The highest selling rate inched up by 5 cents to $107.32 and the lowest selling rate was up 5 cents to $100.30. The highest buying rate for the British Pound was unchanged at $192, the lowest buying rate dropped 75 cents to $153.22, the highest selling rate fell $3.75 to $194.73 and lowest selling rate recovered $28.01 to $184.50.

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More funds sold than Inflows

June 17, 2014 by

The local dollar was mixed against the majors on Tuesday as inflows was far less than outflows with the equivalent of $26,494,130 bought to $36,419,004 sold pretty much utilizing the excess amounts purchased on Monday when dealers bought of the equivalent of US$50 million with the equivalent of US$39.4 million sold.
FX funds 17-6-14picIn US dollar trading, dealers bought US$22,119,731 compared to US$44,649,343 on Monday as the buying rate for the US dollar eased 2 cents to $111.09 and sold US$31,688,770 versus US$36,125,994 on Monday with the rate closing up 6 cents to $111.62.
The Canadian dollar buying rate rose 53 cents to end at $101.44 with dealers buying C$1,443,301 and selling C$1,256,387 with the rate falling 10 cents to end at $102.43.
The Pound closed at $186.92, for the purchase of £1,416,577, the rate lost 32 cents, while £1,151,219 was sold, with the rate falling 22 cents to $188.73. Other currencies bought, amounted to the equivalent of US$673,078 while selling accounted for the equivalent of just $1,630,839.
FX h&l 17-6-14Highs & Lows| The highest rate for buying the US dollar gained 70 cents to $112.70, the lowest buying, the highest selling and the lowest selling rates all remained unchanged at $90.26, $116.36 and $90.60 respectively.
The highest buying rate for the Canadian dollar eased 5 cents to $102.95, the lowest buying rate moved up 75 cents to $81.88, the highest selling rate was up 67 cents to $105.56 and lowest selling rate was up by 65 cents to $98.65.
The highest buying rate for the Pound declined 25 cents to $189.50 while the lowest buying rate remained unchanged at $151.27. The highest selling rate rose by 32 cents at $195.33 and the lowest selling rate was up 30 cents to $182.55.

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