Friday, 17th January 2014 | In forex trading. the British Pound gained considerably against most major international currencies as retail sales in the UK was reported to be very strong compared to estimates for December coming in at a 5.2 percent increase compared to an estimate of 2.5 percent. The Pound shot up immediately on the announcement.

The Canadian dollar on the other hand is suffering from concerns that a drop in employment reported for December and other signs of weakness in economic data will probably lead to lower interest rates to help boost the economy. These developments were visible in local currency trading on Friday.

The Jamaican dollar make up ground on the Canadian dollar but slipped in value against the British Pound and the US dollar on a day that saw more buying of USA and Canadian dollars than the amount sold but more selling of the Pound than the quantity bought.

Trading picked with more currencies bought than on Thursday with the equivalent of US$32,338,697 being purchased by dealers versus US$32,877,488 being sold.

There was buying of US$28,020,320 by dealers at an average rate of $106.24 an increase of 23 cents and selling of US$27,638,881 with the rate increasing by 4 cents to $106.87. The Canadian dollar rate eased by 22 cents to end at $95.83 as dealers bought C$932,300 and sold C$622,107 at $97.73 for a 31 cents fall and the British Pound rate climbed by $2.19 to hit $174.11 as dealers bought £1,479,640 and sold £2,242,811 at $177.46 as the rate closed up by $2.26.

Other currencies trading picked up considerably over Thursday’s level of the equivalent of US$194,967 purchased to US$1,052,638 on Friday and selling of US$945,591 compared to US$173,291 sold on Thursday.

Highs & Lows | The highest buying rate for the US dollar closed at $107.85, up 35 cents for the day and the lowest buying rate remained unchanged at $87.01. The highest selling rate dropped by $1.76 to close at $109.73 and the low fell by $1.30, the same amount it increased by the day before to close at $102.60.

The highest buying rate for the Canadian dollar jumped big on Friday by $6.60 to end at $105.05, while the low closed unchanged at $77.85 as well the highest selling rate at $101 and the lowest selling rate of $93.80.

The highest buying rate for the British Pound ended at $177.55, an increase of $1.85, the low was unchanged at $140.81. The highest selling rate gained by 64 cents to end at $178.77 and the low jumped by $25.45 to close at $169.65.

Image courtesy of Marcus/FreeDigitalPhotos.net

Thursday, 16th January 2014 | Trading in United States currency resulted in US$18,717,231 bought at a 4 cents increase to $106.02 and US$22,309,751 was sold at $106.83 for a 7 cents increase. But the coveted currency was bought by end users as high as $111.49. There was buying of C$959,746 at $96.06 for a fall of 22 cents and selling of C$511,228 at $98.03, which was down by 57 cents. Purchases took place for £864,483 with the rate falling by $1.99 to $171.92 and £560,854 was sold at $175.20, a decline of 75 cents.

Other currencies traded amount to the equivalent of US$194,967 being purchased and selling of US$173,291. Overall the total amount of foreign currencies bought came to the equivalent of US$21,183,611 and US$23,871,986 was sold.

Highs & Lows | The highest buying rate for the US dollar closed at $107.50 and the lowest buying rate at $87.01 as both remained unchanged at the end of trading. The highest selling rate jumped by $2.08 to close at $111.49 and the low jumped $1.30 to $103.90.

The highest buying rate for the Canadian dollar ended at $98.45, a 15 cents decrease, while the low closed down 46 cents at $77.85. The highest selling rate decreased by 50 cents at $101 and the lowest closed down 30 cents at $93.80 and continues to reflect Canadian economic weakness, which is seen in the fall in the value of the currency worldwide.

The highest buying rate for the British Pound ended at $175.70, a decline of $1.05, the low was up by 54 cents to $140.81. The highest selling rate declined by 34 cents to end at $178.13 and the low dropped by $25.60 to close at $144.20.

Wednesday, 15th January 2014 | The purchasing of foreign currency totalled the equivalent of US$28,558,748 and sales amounted to US$29,402,338 or just US$1 million difference.

Trading in individual currencies saw US$23,930,242 being purchased at an average of $105.98 for an 11 cent decline and sales of US$24,603,488 for a 5 cent increase to $106.76. Buying of the Canadian dollar amounted to C$917,128 at $96.28 for a fall of 46 cents and selling saw the rate increasing by 71 cents to $98.61 as C$1,904,805 was sold. The British Pound was purchased at $173.90 by dealers as they bought £2,215,311 as the rate moved up by $1.17 for the day and sold £1,636,308 at $175.95, down by $1.28.

Other currencies bought amounted to the equivalent of US$160,030 and selling was for US$342,780.

Highs & Lows | The highest buying rate for the US dollar closed at $107.50, an increase of 25 cents, the lowest buying rate climbed 17 cents to $87.01. The highest selling rate remained unchanged at $109.41 and the low jumped $16.18 to $102.60.

The highest buying rate for the Canadian dollar ended at $98.60, a 66 cents decrease, while the low closed up 29 cents at $78.31. The highest selling rate increased by $1 at $101.50 and the lowest closed down 25 cents at $94.10.

The highest buying rate for the British Pound ended at $176.75, up 55 cents and the low was unchanged at $140.27. The highest selling rate was up by 36 cents to end at $178.47 and the low closed up 80 cents at $169.80.

Tuesday, 14th January 2014 |  In forex trading, the US dollar rates climbed while the Pound sterling declined and the Canadian dollar rates were mixed.

Purchases of the US dollar currency amounted to US$25,354,603 as the buying rate rose by 10 cents to end at $106.09 and selling amounted to US$21,692,122 but the rate inched up by 2 cents to $106.71.

The Canadian dollar gained 32 cents in buying C$1,579,432 to close at $96.74 and C$927,912 was sold at $98.90, a fall of 19 cents.

Purchases of the British Pound amounted to £1,132,395 but the rate was unchanged at $172.73 and selling amounted to £448,682, the rate fell 30 cents to $174.67.

Other currencies bought, amounted to the equivalent of US$229,172 with selling of US$484,436. Total currency purchases amounted to US$28,867,835 and selling of US$23,762,273, US dollar equivalent.

Highs & Lows | The highest buying rate for the US dollar closed at $107.25, a decline of 35 cents, the lowest buying rate climbed 42 cents to $86.84. The highest selling rate dropped by $1.87 to $109.41 but the low was unchanged at $86.42.

The highest buying rate for the Canadian dollar ended at $99.26, a 26 cents increase, while the low remained at $78.02. The highest selling rate fell by $2.50 at $100.50 and the lowest closed up 35 cents at $94.35.

The highest buying rate for the British Pound ended at $176.20, down 45 cents and the low fell 83 cents at $140.27. The highest selling rate dropped by $3.79 cents to end at $178.11 and the low closed down $1 at $169.

Monday, 13th January 2014 | In Forex trading, total currency purchases amounted to US$41,818,461 and selling of US$43,964,802 as the US dollar declined and Canadian dollar rose against the Jamaican dollar.

Purchases of the US dollar currency amounted to US$35,368,225, slightly more than the US$24,088,617 purchased on Friday.  The buying rate rose by 3 cents to end at $105.99 and selling climbed to US$40,418,942 but the rate fell by 5 cents to $106.69. Sales on Friday was US$30,874,993 in contrast. The Canadian dollar gained 37 cents in buying C$2,028,009 to close at $96.05 and C$1,278,207 was sold at $98.09, a gain of 21 cents.

Purchases of the British Pound amounted to £2,357,508, and the rate fell by $1.57 to $172.74 and selling amounted to £1,019,811. The rate fell 94 cents to $145.97. Other currencies bought, amounted to the equivalent of US$763,267 with selling of US$698,202.

Highs & Lows | The highest buying rate for the US dollar closed at $107.60, increasing by 50 cents, the low was unchanged at $86.42. The highest selling rate moved up by 53 cents to $111.28 and the low dropped $16.18 to $86.42.

The highest buying rate for the Canadian dollar ended at $99, a 50 cents increase, while the low remained at $78.02. The highest selling rate ended up $1 at $103 and the lowest closed unchanged at $94.

The highest buying rate for the British Pound ended at $176.65, up 25 cents and the low closed up $1.16 at $141.10. The highest selling rate grew by $3.94 cents to end at $181.90 and the low closed at $170, up by 90 cents.

Friday, 10th January 2014 | In forex trading, purchases was less that sales by US$6 million. Purchases amounted to US$28,384,526 and selling US$34,269,368 (US dollar equivalent).

Purchases of the US dollar currency amounted to US$24,088,617; the rate remained unchanged at $105.96 and selling amounted to US$30,874,993 for an 11 cents increase to $106.74. The Canadian dollar lost 88 cents in the buying to $96.05 as C$951,727 was purchased and C$506,901 was sold at $97.88, a fall of 45 cents. The drop in the rates for the Canadian dollar over the past two days reflects weakness in the Canadian economy and strength in the US economy with market activities internationally playing a role in adjusting the rates between the US and Canadian dollars.

Purchases of the British Pound amounted to £1,922,048, an increase of $1.23 to $175.90 and selling came to £1,694,301, falling 10 cents to $175.90. Other currencies bought amounted to the equivalent of US$271,456 with selling of US$137,283.

Highs & Lows | The highest buying rate for the US dollar closed at $107.10 and was down by 15 cents, the low was unchanged at $86.42. The highest selling rate gained $2.07 to $110.75 and the low dropped 90 cents to $102.60.

The highest buying rate for the Canadian dollar ended at $98.50, a decline of 76 cents, while the low fell $1.91 cents to $78.02. The highest selling rate ended up 50c t0 $102 and the lowest closed at $94 down 70 cents.

The highest buying rate for the Pound ended at $176.40, off by 10 cents and the low was unchanged at $139.94. The highest selling rate declined by 34 cents to end at $177.96 and the low closed at $169.10, up by $2.10.

Thursday, 9 January 2013 | In forex trading, purchases exceeded selling moderately. Purchases amounted to US$30,897,841 and selling US$29,407,332 US dollar equivalent.

Purchases of the US dollar currency amounted to US$26,929,439 with the rate rising by 18 cents to end at $105.96 and selling amounted to US$26,877,868 for a 14 cents increase to $106.62. The Canadian dollar lost 83 cents in the buying and selling rates as C$1,235,481 was purchased for an average rate of $96.93 and C$922,969 was sold at $98.33.

Purchases of the British Pound amounted to £1,625,175, an increase of 84 cents to $173.08 and selling came to £856,530, the rate increased by $1.05 to $176. Other currencies bought amounted to the equivalent of US$183,378 with selling of US$264,394.

Highs & Lows | The highest buying rate for the US dollar closed at $107.25 and was up by 25 cents, the low was unchanged at $86.42. The highest selling rate dropped $2.07 to $108.68 and the low gained 90 cents to $103.50.

The highest buying rate for the Canadian dollar ended at $99.26, a decline of 74 cents, while the low was up by 83 cents to $79.93. The highest selling rate ended with $1 off at $101.50 and the lowest closed at $94.70, down 60 cents.

The highest buying rate for the Pound ended at $176.50, up 40 cents and the low was inched up 8 cents to $139.94. The highest selling rate rose by 19 cents to end at $178.30 and the low closed at $167, down $1.50.

Monday, 6th January 2014 | For the second consecutive day, the amount of foreign currencies bought was more that the amount sold. While on Friday the difference was nearly US$5 million, on Monday it came out at US$6.7 million. The currency mostly in demand, the US dollar, was more than the amount sold by US$3.6 million as the selling rate for the US dollar and British Pound slipped but the Canadian rose.

Buys & Sales | Dealers bought US$35,024,822 on Monday as the buying rate fell by 14 cents to $105.59; the selling rate inched up a cent to $106.36 as dealers sold only US$31,449,963 of the amount bought. C$2,663,767 was bought at 98.13 for a cent reduction and selling was for C$1,202,972 at a rate of $99.69, down by 54 cents. Dealers bought £1,983,059 at an average rate of $172.19, the same as on Friday, and sold only £930,977 at $174.87 for a fall of 59 cents.

Other currencies purchased amounted to the US dollar equivalent of $490,466 and sales translated to US$443,763. The total amount of currencies bought was US$41,224,803 and the total amount sold US$34,552,012.

Highs & Lows | There were mixed results in buying and selling at the highest and lowest rates with 4 declines 5 increases and 3 rates closing unchanged. The US dollar was bought as high as $106.95, slippage of 40 cents but the lowest buying rate and the highest selling rate remained unchanged at $86.42 and at $110.75 respectively and the lowest selling closed at $86.01, up by $1.77.

The highest buying rate for the Canadian dollar went at $101.50, the same as on Friday. The low was a 70 cents increase to $79.80, the high for selling was $103, an increase of 46 cents but the low inched up by 5 cents to $96.20.

The British Pound went as high as $176.70, up 70 cents buying and fell 41 cents to hit $139.86 for the lowest buying rate. The high for selling was down $1.68 to $177.44 and the low fell by 25 cents to $168.50.

Friday, 3rd January 2013 | Today there was more buying of currencies than the amount sold by nearly US$5 million; the purchase of the currency mostly in demand, the US dollar, was more than the amount sold by almost US$4 million as the selling rate for the US dollar and British Pound slipped but the Canadian rose.

Buys & Sales | Dealers picked up US$32,556,966 on Friday as the buying rate climbed by 27 cents to $105.73. The selling rate slipped 5 cents to $106.34 as dealers only sold US$28,900,623 of the amount bought. C$1,375,007 was bought at 98.14 for a 22 cents increase and selling was for C$920,996 at a rate of $100.23 down by 50 cents; dealers bought £1,110,238 at an average rate of $172.19, down 65 cents and sold £603,311 at $175.46 for a fall of 47 cents.

Other currencies purchased amounted to the US dollar equivalent of $293,346 and sales translate to US$236,126. The total amount of currencies bought was US$35,934,681 and the total amount sold US$31,000,271.

Highs & Lows | There were mixed results in buying and selling at the highest and lowest rates with 4 declines 4 increases and 4 rates closing unchanged. The US dollar was bought as high as $107.35, slippage of 15 cents but all the others were unchanged at the end of trading and as low ended at $86.42; the highest selling rate remained at $110.75 and the lowest selling closed at $86.01.

The highest buying rate for the Canadian dollar went at $101.50, a 25 cents increase and the low was unchanged at $79.10; the high for selling was $102.54, a decrease of 46 cents but the low jumped 85 cents to $96.15.

The British Pound went as high as $176 or $3.32 lower in buying and surge by $40.27 to hit $140.27 for the low and the high for selling came out at $179.12, up by 84 cents and the low fell by 25 cents to $ 168.75.