Trading levels on the forex market on Wednesday were in line with Tuesday’s trading as dealers bought the equivalent of US$31,964,036 compared to US$31,967,960 on Tuesday and sold the equivalent of US$32,324,584 versus US$32,689,906. Trading activity lead to the local currency gaining ground against the US dollar, it was mixed against the Canadian dollar and the Pound Sterling.
In US dollar trading dealers bought US$27,124,675 compared to US$26,541,282 on Tuesday as the buying rate for the US dollar fell 7 cents to $110.63 and sold US$29,947,593 versus US$28,962,746 on Tuesday with the rate closing 2 cents lower at $111.28.
The Canadian dollar buying rate rising 15 cents to end at $100.69 with dealers buying C$2,299,846 and selling C$960,758 with the rate declining by 13 cents to end at $101.80.
The Pound closed at $183.35 for the purchase of £1,512,515 with the rate rose by 66 cents while £765,366 was sold with the rate declining by 61 cents to $186.26.
Other currencies bought amounted to the equivalent of US$221,150 while selling accounted for the equivalent of $217,387.
Highs & Lows| The highest buying rate for the US dollar fell 10 cents to $111.55 but the lowest buying, highest selling rates remained unchanged at $90.18 and $115.56 respectively but the lowest selling increased by $18.42 to $108.60.
The highest buying rate for the Canadian dollar fell by 35 cents at $102.20, the lowest buying rates lost 17 cents to $80.30 but the highest selling rate fell a cent to $104 and lowest selling rate was down by 20 cents to $96.75.
The highest buying rate for the Pound gained $1 to $188 while the lowest buying rate was up just 4 cents to $148.40. The highest selling rate dropped by $1.49 to $189.77 while the lowest rose by 5 cents to $178.80.