Trading on the forex market on Tuesday saw a decline from Monday’s trading level as dealers bought the equivalent of US$31,967,960 compared to US$43,234,907 on Monday and sold the equivalent of US$32,689,906 versus US$47,614,720. Trading activity lead to the local currency losing ground against the US dollar, gained against the Canadian dollar and was mixed against the Pound Sterling.
In US dollar trading dealers bought US$26,541,282 compared to US$37,845,669 on Monday as the buying rate for the US dollar was unchanged at $110.70 and sold US$28,962,746 versus US$41,244,634 on Monday with the rate closing 2 cents higher at $111.30.
The Canadian dollar buying rate fell by 24 cents to end at $100.69 with dealers buying C$1,790,819 and selling C$1,538,247 with the rate declining by 56 cents to end at $101.94.
The Pound closed at $183.35 for the purchase of £1,564,111 with the rate rose by 66 cents while £646,961 was sold with the rate declining by 61 cents to $186.26.
Other currencies bought amounted to the equivalent of US$1,197,883 while selling accounted for the equivalent of $1,235,556.
Highs & Lows| The highest buying rate for the US dollar fell 5 cents to $111.65 but the lowest buying, highest selling and the lowest selling rates remained unchanged at $90.18, $115.56 $90.18 respectively.
The highest buying rate for the Canadian dollar closed up by 5 cents at $102.55, the lowest buying rates lost 25 cents to $80.47 but the highest selling rate fell 6 cents to $104.01 and lowest selling rate was down by 30 cents to $96.95.
The highest buying rate for the Pound gained 30 cents to $187 while the lowest buying rate was up 29 cents to $148.36. The highest selling rate rose 37 cents to $191.26 while the lowest rose 35 cents to $178.75.
J$ mixed against others
June 3, 2014 by
