Monday, 17th March 2014 | Dealers bought US$7 million less than they sold but both the selling and the buying rates fell in today’s ForEx trading. Overall, dealers bought US$26,134,543 versus US$32,158,590 on the previous trading day as the rate fell by 43 cents to an average of $108.25 and sold US$33,188,609 for 4 cents higher at $109.31, $11.5 million more than the amount of US$21,791,303 sold on the previous trading day.
The average buying rate for the Canadian dollar fell 51 cents to $96.32, as C$1,186,679 was purchased by dealers and C$650,246 was sold at $98.81 for a 5 cents rise. There was purchasing of £1,987,834 as the rate fell 36 cents to end at $179.41 and £1,556,902 was sold, with the rate rising $1.36 to $183.65.
Other currencies bought amounted to the equivalent of US$807,867 while US$693,308 was sold.
Buying of foreign currency on Monday resulted in the equivalent of US$31,292,863 purchased compared with US$35,308,641 purchased on Friday, while dealers sold US$37,085,469 compared to US$24,480,952 on the previous trading day. In contrast on Monday, March 10, dealers bought a total of US$48,574,825 in all currencies and sold the equivalent of US$43,973,841.
Highs & Lows | The highest and lowest rates were mixed on Monday.
The highest buying rate for the US dollar was up 25 cents to $110.50, while the other rates were unchanged and closed at $88.51 for the lowest buying rate, $113.42 for the highest selling and $88.09 for the lowest selling rate.
The highest buying rate for the Canadian dollar fell 5 cents to $99.35, the lowest buying rate was up 49 cents at $77.56. The highest selling rate ended up by 9 cents at $100.89 and the lowest selling fell by 25 cents at $93.45.
The highest buying rate for the British Pound rose $2.29 to $184.99, the lowest buying rate was down 83 cents to $144.25. The highest selling rate ended 21 cents lower at $185.97 and the lowest buying rate fell $1 to $173.80.
