Monday, 2nd September 2013 | Trading for the first day of the week and month of September was unusually low for a Monday, but the heavy trading on Friday when US$53.8 million was purchased and US$39.65 million was sold may have robbed the market of much activity as just US$23.27 million was purchased with US$28.4 million sold.
Authorised dealers purchased US$19,593,289 at a buying rate of $101.1463 down 50c from Friday’s closing rate and sold US$26,278,288 at an average of $102.109 up 3c at the end of the day. The buying rate for the Canadian dollar fell $1.24 to close at $94.8671 as C$1,009,449 was purchased and sold C$515,019 at an average of $96.8504 down 97c. £1,562,581 was purchased at an average of $155.9639 representing a decline of $1.61 for the day and sale of £776,054 took place at an average of $158.981 up 44c.
There was much variation in the highest and lowest buying and selling rates amongst the three main currencies. The highest buy rate for the US dollar fell by 5c to end at $102.80, while the lowest was up 13c at $84.17 and selling was as high as $108.77 up 91c, while the lowest fell 13c to $84.04.
In the case of the Canadian dollar, the buy rate at its highest dropped $1.10 to $97.40 and the lowest fell 33c to $78.27 while selling took place as high as $101.65 with no change at the end and the lowest slipped 15cto $94.30.
The British Pound traded as high as $159.30 buying with the rate increasing by 30c, the lowest increased by $28.44 to end at $128.44 while the highest selling rate moved up by $4.58 to $165.58, and the lowest increased by 75c to close at $152.90.
Image courtesy of Marcus/FreeDigitalPhotos.net
