Friday, 6th September 2013 | Although overall buying was more than selling in the forex market, all rates increased for buying and selling of all three main foreign currencies. Buying amounted to $39.97 million while selling was well below, at US$32.35 million.
Authorised dealers bought US$32,773,161 at an average of $101.642 at 21 cents higher than on Thursday and sold US$28,459,081 at an average of $102.231, an increase of 8 cents. For the Canadian, buying amounted to C$1,027,853 at an average of $96.334 as the rate at the end was up 81 cents and they sold C$691,584 at $98.5283 an increase of 98 cents. The total amount of the British Pound purchased was £3,248,021 as the rate was up $1.13 to end at $158.762, while £1,911,264 was sold at an increase of 39 cents to $160.469.
Highs & lows | The highest buying rate for the US dollar is $102.95 an increase of 20 cents over Thursday’s rate, and the lowest buying rate $85.50 or $1.33 more. There was no change in the highest selling rate of $107.86 but the lowest selling rate dropped $2.05 to $84.17.
In the case of the Canadian, the highest buying rate was up $1.15 to $98.85 as the lowest buying rate inched up a mere 8 cents to $78.60. There was no change to the highest selling rate of $101.44 as the lowest selling rate moved up 70 cents to $94.70.
The British Pound saw declines in three of the high and low rates with the highest buying rate falling 87 cents to $160.90 and the lowest buying rate easing 12 cents to $129.36. The highest selling rate dropped sharply by $4.42 to end at $162.50 but the lowest selling rate went up $2.20 to $155.85 at the end of the day.
