Monday, 19th August 2013 | Trading in Monday’s forex market was characterised by heavy selling which exceeded the amount bought by nearly US$8 million. Selling of US$ was US$7 million more than bought with buying amounting to US$34.18 million at an average of $101.22, down 15 cents while selling totalled US$41.6 million at $101.93 down 2 cents. The Pound sterling also had more selling than the amounts bought with £3.18 million sold at an average price of $159.74 up 91 cents over Fridays price, versus £2.75 million purchased at an average price of $157.16, up 26 cents.
The Canadian dollar was purchased at 88 cents lower at $96.51 as C$1.29 million was bought and C$899,218 sold at 6 cents more than on Friday at an average of $98.62.
There was flux in the highest and lowest rates for the day with the US dollar being bought 5 cents more for the highest rate at $102.50 and sold at $13.83 more for the lowest selling rate which ended at $99.50. There was no change to the lowest buying and highest selling rates, which remains at $83.75 and $107.54 respectively.
The Canadian was bought at 30 cents less than on Friday at $98.70, while the lowest buying rate was 8 cents less than Friday’s rate as it closed at $79.43. Selling took place at the same rate as Friday of $102.51 at the high and $3.35 lower for the lowest rate of $92.45. The Pound was purchased as high as $160.70 up by $1.30 and 88 cents more at $129.07 for the lowest buying rate. Selling was $3.88 more at $166.38 for the highest selling rate and just 15 cents less for the lowest selling rate at $154.35.
