Monday, 6th January 2014 | For the second consecutive day, the amount of foreign currencies bought was more that the amount sold. While on Friday the difference was nearly US$5 million, on Monday it came out at US$6.7 million. The currency mostly in demand, the US dollar, was more than the amount sold by US$3.6 million as the selling rate for the US dollar and British Pound slipped but the Canadian rose.
Buys & Sales | Dealers bought US$35,024,822 on Monday as the buying rate fell by 14 cents to $105.59; the selling rate inched up a cent to $106.36 as dealers sold only US$31,449,963 of the amount bought. C$2,663,767 was bought at 98.13 for a cent reduction and selling was for C$1,202,972 at a rate of $99.69, down by 54 cents. Dealers bought £1,983,059 at an average rate of $172.19, the same as on Friday, and sold only £930,977 at $174.87 for a fall of 59 cents.
Other currencies purchased amounted to the US dollar equivalent of $490,466 and sales translated to US$443,763. The total amount of currencies bought was US$41,224,803 and the total amount sold US$34,552,012.
Highs & Lows | There were mixed results in buying and selling at the highest and lowest rates with 4 declines 5 increases and 3 rates closing unchanged. The US dollar was bought as high as $106.95, slippage of 40 cents but the lowest buying rate and the highest selling rate remained unchanged at $86.42 and at $110.75 respectively and the lowest selling closed at $86.01, up by $1.77.
The highest buying rate for the Canadian dollar went at $101.50, the same as on Friday. The low was a 70 cents increase to $79.80, the high for selling was $103, an increase of 46 cents but the low inched up by 5 cents to $96.20.
The British Pound went as high as $176.70, up 70 cents buying and fell 41 cents to hit $139.86 for the lowest buying rate. The high for selling was down $1.68 to $177.44 and the low fell by 25 cents to $168.50.