Monday, 24th March 2014 | The local currency appreciated against the major currencies except for the selling rate for the Canadian dollar. This took place as the amount for foreign currency bought exceeded the amount sold by the equivalent by $7.5 million.
There was buying of US$38,600,389 with the rate declining by 12 cents to end at $108.88 (Friday: US$39,864,913) and selling of US$29,900,773 (Friday: US$39,864,913) for 6 cents decline to $109.43.
The buying rate for the Canadian dollar fell by 23 cents to $95.34 as C$1,114,268 was bought and the selling rate rose 22 cents to $98.57 with C$2,479,837 sold.
The buying rate for the Pound dropped by $1.42 to $177.19 as £1,449,392 was bought by dealers and £727,330 was sold at $180.48 as the rate slipped 52 cents.
Other currencies bought equate to US$694,012 with the equivalent of US$1,254,297 being sold, a total of US$42,093,724 equivalent was bought and the equivalent of US$34,588,319 was sold.
Highs & Lows | The highest buying rate for the US dollar fetched 45 cents less than on Friday in reaching $109.90 while the lowest rate remained unchanged at $88.93; the highest selling rate remained at $113.95 and the lowest fell $17.99 to $88.51.
The highest buying rate for the Canadian dollar fell 16 cents to end at $98.10, the lowest buying rate was unchanged at $76.69; but the highest selling rate moved down by 50 cents to $100.50 and the lowest closed up 65 cents to reach $93.05.
The highest buying rate for the Pound fell by 75 cents to $181.35, the lowest buying rate rose 4 cents to end at $144.05; the highest selling rate closed down by $1.30 at $185.70 and the lowest closed up 5 cents at $173.55.
Image courtesy of Arvind Balaraman/FreeDigitalPhotos.net
