Friday, 13th December 2013 | Dealers bought US$4 more US dollars than they sold on Friday but both the buying and selling rates for the North American currency moved up.
The market is now in the season of increased inflows and reduced out flows as the tourist seasons and the period of higher remittances come together. Indications from the highest and lowest rates suggest that the top of the market may be at hand as only the highest buying rate for the Canadian dollar rose at the end of the day with most remaining unchanged.
There was an overall buying of the equivalent of US$37,329,602 and selling of US$30,812,003.
High & Lows | The highest buying rate for the US dollar fell by 10 cents to $107.00, the rest of the rates remained unchanged with the lowest selling being $86.01 and the highest selling $110.21 and the low at $102.40.
The lowest buying and selling rates for the Canadian dollar remained unchanged at $79.68 and $96 respectively but the highest buying rate moved up 60 cents $101.50 while the highest selling rate declined by 28 cents to $102.72.
The British Pound saw a reduction of 55 cents in the highest buying rate that closed at $174.85 and enjoyed stability in the rest with the lowest buying being $139.03, the high for selling being $177.20 and the low $167.50.
Spot trades | The buying rate for the US dollar climbed 19 cents to $105.74 as dealers bought $31,815,587 and sold $27,970,567 at $106.12, inched up by a cent. C$1,208,977 was bought $98.21, up by 12 cents but the selling rate fell 8 cents to $99.93 with the selling of $716,102. Dealers bought £2,539,570 as the rate fell 83 cents to end at $171.52 and they sold £1,108,279 at $173.67, down by 42 cents.