Friday, 27th September 2013 | More flows came into the forex market on Friday than the day before, as dealers bought the equivalent of US$23.94 million and sold US$21.8 million.
All spot rates increased with the US dollar selling for 14 cents more than on Thursday at $103.50 and purchases were made at 26 cents higher at $102.74. Dealers bought US$21 million of the US dollar currency and sold US$19.78 million.
The highest and lowest rates for the US dollar were $104.30, an increase of 5 cents for the highest buying rate, while the lowest selling rate slipped by 50 cents to $100. The rates for the lowest buying and highest selling remained unchanged at $84.50 and $108.61 respectively.
The Canadian dollar buying rate climbed 30 cents to $98.24 as dealers bought C$794,469 and sold C$553,957 at 29 cents more than on Thursday and closing at a rate of $100.29. The highest buying rate for the Canadian was 10 cents up at $100.70 and the lowest was 17 cents down at $80.34. The highest selling rate was $104.11, the same rate as on Thursday and the lowest was at $96.80 or 20 cents lower than the previous closing rate.
The British Pound gained 28 cents to close trading at $163.96 with £1,197,656 purchased by dealers and selling was for £725,296 at $167.37, $1.32 higher than on Thursday.
There was no change in the lowest buying rate for the Pound at $134.54, but the highest buying rate increased by $1.80 to close at $168.30. The highest selling rate declined by $3.98 to $169.47 and the lowest selling rate increased by $1.95 to $161.95.
