Wednesday, 2nd October 2013 | The tightness in the financial system and the high demand-low supply of the autumn season continue to impact the Forex market as the local currency continues its slow slide towards equilibrium and the early period of the winter season when inflows are usually higher than at other times of a year.
For US Dollar, buying by authorized dealers amounted to US$21,736,777 as the rate was up 30 cents to $103.06 and selling resulted in the rate being up 5 cents to $103.78 as US$25,818,516 was sold.
There was buying of CS$655,725 at 98.25 down 51 cents and C$385,721 was sold at $100.37, up a cent and £1,010,313 was purchased as the rate was down $1.43 to $165.16 and £1,053,597 was sold at $169.55 up 28 cents.
Inflows of foreign exchange into the system fell short of the amount sold as dealers bought the equivalent of US$24.1 million and sold US$28.16 million.
High & Lows | The highest rates for buying for the US dollar was up $1.15 to $105.80, but the rate paid at the lowest level remained unchanged at $84.75. There was no change o the highest selling rate of $108.61 but the low increased by $1521 to $101.30.
The Canadian dollar was bought as high as $101.10, down 45 cents and was bought for 17 cents less for the day at $80.51, while selling took place as high as 21 cents less at $103.79 and remained unchanged for the low at $97.
The British Pound was 20 cents higher for the highest buy rate at $169.50 and $16.97 up at the low of $135.29, while sales took place at 54 cents higher at $174.41 at the high end with no change at the low of $162.50.
