FX: Buying well in excess of sales

Wednesday 13th November 2013 | Trading in the forex market was buoyant on Wednesday with buying by authorised dealers of the equivalent of US$43,040,918 at an increase in the rate by 17 cents to end at $105.24 as dealers sold US$31,097,145 at $105.64 up 9 cents.

Trading resulted in C$1,397,900 being bought by dealers at $99.71 up 82 cents and selling totalled C$1,214,294 at a closing rate of $101.26 up 69 cents.

The pound traded at $167.5861 up 47 cents as dealers bought £1,258,802 and the sold £1,288,680 at $169.82 up 58 cents.

FX_TRADE+Currency+Nov13The total amount of foreign currencies bought amounted to US$46,538,943 while the equivalent of US$34,477,540 was sold.

Highs & Lows | The highest buying rate for the US dollar was $106.85 down 15 cents while the lowest remained unchanged at $85.50 as did the highest selling rate which closed at $109.57 while the lowest sales rate increased by 13 cents to $85.51.

The lowest buying rate for the Canadian dollar remained unchanged at $79.93 but the highest rose 10 cents to $101.60. The highest selling rate closed down 30 cents at $102.90 and the lowest fell 9 cents to $96.36.

FX_TRADE+HighLow+Nov13The Pound went for as high as $170.25 or 55 cents more when bought by dealers and as low as $120.00 down $14.71 and was sold as high as $171.51 down by $2.15 and as low as $161.60, down 70 cents.

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