Thursday, 20th June 2013 | The foreign exchange market settled today after a hectic market yesterday when BOJ intervened to sell US dollars to the market. BOJ did not intervene today. The selling rates for each currency fell 2 cents in the case of the US dollar to $1.64 for the pound and 66 cents for the Canadian dollar. Buying rates also fell for the US dollar by 37.5 cents, Canadian by $2.10 and the Pound by $2.54.
The highest buying rate fell 70 cents for the US dollar and the lowest selling rate dropped $16.45 down to $82.25. The only change for Canadian dollar was a drop in the lowest selling rate which shed a $1 down to $95. The Pound lost $1 for the lowest selling rates, climbed $3.53 for the highest sell rate and moved up 40 cents for the highest buying rate. There was no change for the lowest buying rate. The movement in the US dollar against most international currencies would have had an impact on the Canadian dollar and the pound which accounted for the sharper fall in those currencies.
The total amount of currency purchased was US$25.15 million and selling accounted for $26.78 million.
