Monday, 26th August 2013 | Trading in the forex market was at a high level on Monday as othe equivalent of US$43.2 million was purchased by dealers and US$46.75 was sold,. This is in contrast last week Monday when the equivalent of US$39.9 million was purchased by dealers and US$47.65 was sold. The Monday level of trading has been pretty consistent since the end of July with buying in the $40 million to $50 million range.
Rates for buying and selling the US dollar climbed moderately with the buying rate moving up by 10 cents to reach $101.43 as dealers bought US$37.97 million and sold US$44.58 million at $102.09, an increase of 8 cents over Friday’s closing rate. It cost dealers 5 cents less to buy the US dollar at the highest rate of $102.65, but 12 cents more for the lowest rate, which ended at $84.04 and 16 cells more in selling at the highest level of $107.70. There was no price change in the lowest selling rate of $83.92.
The Canadian dollar shed 70 cents for the buying rate which closed at $97.69 as the market accounted for C$1.1 million and sold C$814,343 at $97.29 which is 4 cents up on Friday’s rate. The highest and lowest rates for the Canadian dollar all declined quite sharply. The highest buying rate fell $3.51 to S97.69, the lowest buying rate fell by $1.04 to $78.02 while the highest selling rate declined by 80 cents to $101.17 and the lowest was down by $1 to $94.
The Pound gained $1.31 to close at $157.71 as £2.54 million was purchased and just £674,840 was sold at an average rate of $158.77 or 94 cents less than the opening rate. The Pound was purchased as high as $159.75, a drop of 5 cents and the lowest rate at $1.04 lower at $128.73 than the opening rate. Selling took place as high as $166.55 or 80 cents lower than the opening, while the lowest rate increased by $1.35 to $152.95.
