Tuesday, 4th June 2013 | Trading levels moderated in the foreign exchange market with much less currency changing hands. The equivalent of US$27.9 million, were purchased and US$35.57 million sold. US$23 million were purchased at an average rate of $98.72 actually 16 cents less than on Monday and US$32.6 million sold at an average rate of $99.61, just one cent more than on Monday.
While the US dollar was pretty, dealers forked out $1.28 more on average for the Canadian dollar but they only sold it for 27 cents more than the day before and in the case of the Pound Sterling, it cost $1 more on both the buy and sell side to exchange the currency than on Monday.
Buying of Pound sterling and Canadian dollars exceeded the amounts that were sold for these currencies once again.
One US dollar was purchased as high as $100 and the highest sell rate stood at $104.49.
