The local dollar lost ground against the US and Canadian dollar and lost value versus the Pound sterling, in Friday’s forex trading as inflows were slightly more than outflows with the equivalent of $37,187,229 being bought, to $34,329,485 sold. On Thursday dealers bought the equivalent of US$23,475,190 to $22,721,583 sold. In US dollar trading,
dealers bought US$32,014,992 compared to US$19,582,408 on Thursday as the buying rate for the US dollar rose 23 cents to $111.32 and sold US$31,747,005 versus US$19,642,222 on Thursday with the rate closing up 10 cents at $111.86.
The Canadian dollar buying rate rose $1.37 to end at $102.47 with dealers buying C$2,142,994 and selling C$1,618,928 as the rate rose 25 cents to end at $103.52.
The Pound closed at $187.91, for the purchase of £1,824,361, the rate fell 70 cents, while £580,004 was sold, with the rate dipping 8 cents to $190.24. Other currencies bought, amounted to the equivalent of US$120,109 while selling accounted for the equivalent of just $97,794.
High & Lows| The highest rate for buying the US dollar gained 15 cents to $112.20, the lowest buying rate remained unchanged at $90.81, the highest selling rate closed down by 6 cents at $116.36 but the lowest selling rate dipped back $17.29 to $90.81.
The highest buying rate for the Canadian dollar increased by 80 cents to $104, the lowest buying rate moved up 25 cents to $81.59, the highest selling rate was down by 6 cents to $105.66 and lowest selling rate gained 30 cents to $98.30.
The highest buying rate for the Pound dipped 30 cents to $190.30 while the lowest buying rate grew by 78 cents to $152.01. The highest selling rate lost 95 cents to $194 and the lowest selling rate was up $2.15 to $183.15.
J$ loses against US & Canadian
June 20, 2014 by