FX: Rates slip on more buying than selling

Friday, 3rd January 2013 | Today there was more buying of currencies than the amount sold by nearly US$5 million; the purchase of the currency mostly in demand, the US dollar, was more than the amount sold by almost US$4 million as the selling rate for the US dollar and British Pound slipped but the Canadian rose.

Buys & Sales | Dealers picked up US$32,556,966 on Friday as the buying rate climbed by 27 cents to $105.73. The selling rate slipped 5 cents to $106.34 as dealers only sold US$28,900,623 of the amount bought. C$1,375,007 was bought at 98.14 for a 22 cents increase and selling was for C$920,996 at a rate of $100.23 down by 50 cents; dealers bought £1,110,238 at an average rate of $172.19, down 65 cents and sold £603,311 at $175.46 for a fall of 47 cents.

FX_TRADE+Currency+Jan3Other currencies purchased amounted to the US dollar equivalent of $293,346 and sales translate to US$236,126. The total amount of currencies bought was US$35,934,681 and the total amount sold US$31,000,271.

Highs & Lows | There were mixed results in buying and selling at the highest and lowest rates with 4 declines 4 increases and 4 rates closing unchanged. The US dollar was bought as high as $107.35, slippage of 15 cents but all the others were unchanged at the end of trading and as low ended at $86.42; the highest selling rate remained at $110.75 and the lowest selling closed at $86.01.

FX_TRADE+HighLow+Jan3The highest buying rate for the Canadian dollar went at $101.50, a 25 cents increase and the low was unchanged at $79.10; the high for selling was $102.54, a decrease of 46 cents but the low jumped 85 cents to $96.15.

The British Pound went as high as $176 or $3.32 lower in buying and surge by $40.27 to hit $140.27 for the low and the high for selling came out at $179.12, up by 84 cents and the low fell by 25 cents to $ 168.75.

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