Thursday, 26th September 2013 | The forex market was charaterised by falling rates on the spot market but rising rates for the highest and lowest rates for trading. The level of trading fell as buying accounted for US$21 million and selling was lower at just US$18 million.
The buying rate for the US$17.88 million purchased came out at $102.48 or 16 cents more than on Wednesday. The selling rate inched up 2 cents and closed at $103.36 for US$15.79 sold. The highest buy rate climbed by 25 cents to $104.25 and the lowest rate remained unchanged at $84.50, while the highest selling rate was unperturbed at $108.60 but 40 cents was added to the low which ended up at $100.50.
An amount of C$532,751 was purchased by dealers at a reduced rate of 48 cents to end at $97.94 and they sold C$440,109 at 78 cents less than on Wednesday at $100.20.
There was no change to the highest and lowest buying rate for the Canadian dollar of $100.60 and $80.51 respectively, but the selling rate rose $2 for the high and $1.60 for the lowest which ended at $104.11 and $96.60 respectively.
£1,219,948 was purchased at $163.68 or $1.20 less than on Wednesday and selling was for £896,814 at $166.06, $1.04 less.
The highest buy rate for the Pound moved down by $1.60 to $166.50 and rose by $1.32 to $134.54 for the low. The highest sell rate moved up by $1.72 to $173.45 and at the low, it ended at $160.00 after rising by $1.45.
