Friday, 24 May 2013 | The rate for the pound sterling climbed on Friday by 66.7 cents on the buying side and 42 cents on the sell side. The US dollar picked 13 cents on the buy side and barely moved up on the average sell rate. Buying of the Canadian dollar climbed by 10 cents but fell 56 cents when sold. This all happened when there was more buying than selling of the three main currencies that traded.
Buying of the US dollar by authorised dealers was more than US$6 million greater the amount sold as US$36.6 million was purchased while selling was $30.2 million. Pound sterling purchased amounted to ₤2.5 million while sales amounted to ₤1.23 million. The amount of Canadian dollar purchased was Can$845,278 with Can$769,735 being sold.
The highest buying rates for all three currencies climbed on Friday noticeably with the US dollar moving up 60 cents, the Canadian 30 cents and the pound 50 cents. The lowest buying rate was flat to virtually flat except for the pound which fell by 25 cents. The highest selling rate for Canadian and US dollars was the same as the trading day before but the pound climbed $3.09 while dropping $1.90 for the lowest. The US dollar lowest rate dropped back by $14.95 and Canadian by 70 cents.
