Monday, 5th August 2013 | Monday was a big day in the forex market with the equivalent of US$55 million being purchased and US$48.7 million being sold. The actual amount of US currency traded was $48.98 million with $45.2 million sold. The buying rate inched up by 13 cents to $101.16 and the selling rate slipped by 4 cents to settle at $101.81. Authorised dealers bought the US dollar at 60 cents more at $102.80 but the lowest buying rate rose by $3.08 to $80.69. The high for selling declined by $2.67 to close at $104.54 but the lowest rate for selling remained unchanged at $83.67.
The Canadian dollar rates for buying and selling fell as buying rate cost 25 cents less than the price on Friday at $96.07 and selling was 34 cents less at $97.61. The highest buying rate fell 40 cents to $99 while the highest selling rate declined by $1.44 to $101.44 and the lowest buying rate increased by $1.53 to $79.18 and the lowest selling rate was down by $1.22 to $94.70.
The average rates for the Pound rose by $2.16 for buying the currency which closed at $153.73 and the sell rate rose by 89 cents to $156.06.
