FX: Post holiday trading up

Wednesday, 7th August 2013 | Foreign exchange trading on Wednesday was higher than normal as it benefited from increase amounts based on the closure of the market on Independence Holiday, on Tuesday. Buying amounted to the equivalent of US$47.6 million and the equivalent of US$39.6 million sold. The actual amount of US currency traded was $43.2 million purchased with $37.4 million sold. The buying rate inched up by 6 cents to $101.22 and the selling rate moved up by 5 cents to settle at $101.86.

Authorised dealers bought the US dollar for $3.57 more, at $106.37 but the lowest buying rate rose by $2.98 to $83.67. The highest rate for selling increased by $2.67 to close at $107.21 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rate for buying fell by 8 cents and selling fell by 34 cents.  The rate settled at $95.99 buying and selling at $97.62. The highest buying rate for the Canadian currency fell 10 cents to $98.90 while the highest selling rate increased by 64 cents to $102.08, the lowest buying rate fell by 16 cents to $79.02 and the lowest selling rate was up by 50 cents to $95.20.

The average rates for the Pound rose by 92 cents for buying the currency which closed at $154.65 and the average selling rate rose by 46 cents to $156.52. The highest buying rate for the Pound grew by $1.50 to $15.90 and lowest buying rate moved up by $2.30 to $125.75 while the highest selling rate increased by $3.53 to $163.01 there was no change in the lowest selling rate.

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