Wednesday, 26th June 2013 | The foreign exchange market was characterised mainly by sharp changes in the highest and lowest buying and selling rates than for changes in the average rates for buying and selling of foreign currencies on Wednesday.
Traders hiked the minimum selling rate for the US dollar by $16.17 to $98.50 on the day when they bought at 50 cents more or at $102 from the public than they did on Tuesday. The Canadian dollar was traded at $1.40 less at $96.80 at the high end and 50 cents less on the lowest rates when they bought and sold for 12 cents more or at $99.62 and $1.10 more on at the lowest rate which came in at $92.40. For the Pound sterling buying was 30 cents less for the highest rate of $156.70 and $6.11 more at the lowest buying rate while the selling rates slipped by $2.08 on the highest of $159.22 and the lowest which was $146.20 was lower by $4.55 than on Tuesday.
Total buying amounted to the equivalent of US$26.85 million and selling the equivalent of US$30.57 million.
The average rates for the US dollar inched down by 9 cents on the buy side and moved up two cent for sales with the selling rate closing at $101.31. That for the Canadian dollar fell 29 cents for the buying rate and was up 33 cents for the average sell rate which moved to $96.74. The rate for the Pound fell 56 for the buying rate to close at $153.98 and was down 12 cents on the selling rate, to end at $155.49.
