Wednesday, 12th March 2014 | Trading in the forex market continued its buoyancy but with buying being almost $3.5 million less than on Tuesday with the equivalent of US$29,252,753 purchased compared with US$32,814,104 purchased on Tuesday. Dealers sold US$28,518,794 compared to US$35,056,222 sold on the previous trading day.
Dealers bought US$26,728,659 versus US$26,954,780 on the previous trading day as the rate rose 17 cents to an average of $108.35 and sold US$26,613,914 for 8 cents higher at $109.02, $4 million less than the US$31,164,042 sold on the previous trading day.
The Canadian dollar was bought for an average of $96.18, for a fall of 23 cents with C$748,855 purchased by dealers and only C$494,579 sold at $98.11 for a 31 cents fall. There was purchasing of £1,030,110 as the rate fell 61 cents to end at $178.38 and only £619,076 was sold, with the rate slipping 40 cents to $181.38.
Other currencies bought amounted to the equivalent of US$159,198 while US$429,829 was sold.
Highs & Lows | The highest and lowest rates were mostly up for all currencies.
The highest buying rate for the US dollar was up 10 cents to $110, while the low was up 25 cents to $88.34; the highest selling rate was unchanged at $113.21 and the lowest selling rate increased by 25 cents to $88.09.
The highest buying rate for the Canadian dollar picked up 40 cents to $99.10, the lowest buying rate was unchanged at $77.61. The highest selling rate ended down by 48 cents at $100.10 and the lowest selling gained $1.90 at $95.40.
The highest buying rate for the British Pound was up 25 cents to $182.60, the lowest buying rate ended up by $26.72 to $144.42. The highest selling rate slipped 97 cents to $185.52 and the lowest rate increased by $3.50 to $177.50.
