Tuesday, 17th September 2013 | Inflows into the forex market declined sharply from Monday’s good flows to end up at US$22.9 million being bought by as authorised dealers and selling of US equivalent of US$26.5 million.

The buying price for the US dollar fell slightly by 9 cents as dealers bought US$20.25 million at $101.75 and sold US$$24.27 million at 3 cents more than on Monday at $102.57. The Canadian was bought for $98.42 an increase of 79 cent as C$864,656 was purchased but selling took place for 43 cents more than on Monday at $99.73 for CS$795,050. Purchasing of the Pound amounted to £1,060,506 at an average of $161.04, a 95 cents increase and selling amounted to £825,065 at $163.56 one cent down.

There was no change in the lowest buying rate and the highest selling rate for the United States dollar, which stands at $84.34 and $108.07 respectively but the highest buying rate moved down 40 cents, the same amount it increased by on Monday to $103.10 and the lowest selling rate was up 17 cents, nothing like the $15.63 drop on Monday as the rate closed at $84.34.

Changes in the Canadian currency saw an increase of 80 cents for the highest buying rate that ended at $100.45 and 21 cents gain for the lowest buying rate, which closed at $80.26. The highest selling rate moved up 11 cents to $103.47 and 35 cents was put on the lowest at $96.70.

The British Pound was bought for 50 cents more at the highest level of $164 and a 24 cents increase to the lowest buying rate that ended at $131.80. The highest selling rate jumped 79 cents to $169.92 and the lowest was dropped $1.30 to $156.70.

Monday, 16th September 2013 | The buying price for the US dollar fell slightly by a cent as authorised dealers bought US$37,622,636 at $101.837 and sold US$37,803,396 at 8 cents more than on Friday at $102.53. The Canadian was bought for $97.6266, down a cent as C$1,314,269 was purchased but they sold the currency for 16 cents less than on Friday at $99.30 with C$889,856 purchased. Purchasing of the Pound amounted to £1,322,607 at an average of $160.0845, which was 50 cents less than Friday’s rate and selling amounted to £952,876.91 at 34 cents more at $163.57.

Overall the equivalent of $41.2 million was purchased and US$40.46 was sold.

There was no change in the lowest buying rate and the highest selling rate for the United States dollar, which stood at $84.34 and $108.07 respectively but the highest buying rate moved up 40 cents to $103.50 and the lowest selling rate was down $15.63 to $84.17.

Changes in the Canadian currency was moderate with a 15 cents fall in the highest buying rate that ended at $99.65 and 13 cents off the lowest buying rate which closed at $80.05. The highest selling rate remained unchanged at $103.36 and 20 cents was put on the lowest at $96.35.

The British Pound was bought for 5 cents more at the highest level of $163.50 with no change to the lowest buying rate at $131.56, but the highest selling rate jumped $4.54 to $169.13 and the lowest was up $2.40 to $158.

Friday, 13th September | Although authorised dealers bought the equivalent of US$34.36 million and sold US$33 million, all the selling rates moved up during forex trading today.

Buying took place for US$28,158,391 at an average rate of $101.8516 up 36 cents, C$1,706,762 was purchased for an average of $98.3431 up $1.23 and £2,793,935 for an average of $160.5862 at one cent less than on Thursday.

Dealers sold the US$28,836,956 $102.448 at 7 cents more than on Thursday and sold C$1,213,697 at an average of $99.4587, an increase of 40 cents and £1,815,192 at an average of $163.225 or 22 cents more.

Upper and lower ends | Trading at the upper end of the rate spectrum left the highest buying rate for the US dollar at $103.10 just 5 cents less than the day before with no changes for the other rates which remained at $84.34 for the lowest buying, $108.07 for the highest selling and $99.80 for the lowest selling rates.

The highest buying rate for the Canadian dollar was $99.80 for an increase of 20 cents and the lowest $80.18 or 33 cents higher while the lowest selling rate climbed 43 cents to$103.36 and the lowest increased by 15 cents to $96.15.

The highest buying rate for the British Pound was $163.45.\, a decline of just 20 cents and the lowest $131.56 or 42 cents higher, while the lowest selling rate dropped $4.47 cents to $164.59 and the lowest increased by $2.60 to $155.60.

Thursday 12 September 2013 | The total amount of trading in the forex market today resulted in the equivalent of only $20.544 million being purchased by dealers and selling of US$23.15 million.

There was buying of US$17,725,514 on Thursday at an average of $101.4957, which was lower by 25 cents at the end of the day than on Wednesday, while the average selling rate remained unchanged at $102.373 as US$19,863,112 was sold.

C$633,927 was purchased at $97.112 at 35 cents more than the day before and selling accounted for 493,436 at $99.0554 an increase of 18 cents and the Pound sterling was purchased $160.6002 or $1.43 more than on Wednesday for £1,341,124 while selling amounted to £1,711,750 up $1.09 to $163.009 at the close.

The lowest selling rate fell for all three main foreign currencies. There was no change for the highest price for the US dollar at $103.15 but the lowest buying price moved up by 17 cents to $84.34 and the highest selling rate increased by 21 cents to $108.07. The Canadian highest buying rate moved up 25 cents to $99.60, while the lowest was unchanged at $79.85 but the highest selling rate increased by 80 cents to $102.93 and there was a 15 cents drop in the lowest selling rate to $96.

The Pound sterling cost 80 cents more to buy at the top at $163.50 and 79 cents more at the bottom at $131.14. Selling at the peak was 53 cents more costly than on Wednesday at $169.06 and $3.80 cheaper to sell at the low of $153.

Wednesday, 11th September 2013 | Buying of US dollars on Wednesday amounted to US$25,410,189 at an average rate of $101.7472 and sales took place for US$25,074,975 at an average rate of $102.376. C$534,105 was purchased at an average of $96.7598 and C$368,380 was sold at an average of $98.8734 while £1,123,610 was purchased at $159.1744 and amount sold amounted to £893,261at $161.922.

Overall the equivalent of US$27.83 million was purchased and selling took place for the equivalent of US$27.22 million.

The highest and lowest rates were mostly up with just two declining on Wednesday. The big mover was the British Pound,which closed with the highest buying rate at $162.70 and the lowest buying rate jumped by $30.35 to settle at $130.35. Authorised dealers sold the Pound as high as 49 cents more at $168.53, while the lowest selling rate moved up by $1.80 to close at $156.80.

The United States currency moved up by 10 cents to $103.15 for the highest buying rate with no change for the lowest buying and highest selling rate but it was 40 cents more for the lowest selling rate at $99.90.

Dealers bought the Canadian dollar as high as $99.35, which is 15 cents cheaper than on Tuesday and it took 25 cents more to purchase at the lowest rate, which was $79.85. Selling took place as high as $102.13, less by 48 cents on Tuesday’s highest closing rate and was 45 cents more for the lowest selling rate which ended the day at $96.15.

Tuesday, 10th September 2013 | There was more selling of the US dollar than the amount purchased by some degree as the selling rate increased by 4 cents, which now seems like the daily rate movement but the buying rates was lower by 22 cents.

US$25.2 million was purchased at an average rate of $101.477 and selling amounted to US$29 million at an average rate of $102.316. C$1.35 million was purchased at $97.155 an increase of 76 cents and selling amounted to C$788,392 at an average rate of 98.85, up 21 cents. £1.867 million was purchased at $158.34, for an increase of 70 cents and selling amounted to £945,289 at an average rate of $161.15 up 54 cents.

Overall the equivalent of US$30.39 was purchased and US$31 47 was sold.

The highest and lowest rates saw moderate changes except for the lowest selling rate for the US dollar which rose $15.33 to end at $99.50. There were no change to the lowest buying rate which remained at $84.17 nor the highest selling rate for the US dollar which remained at $107.86 but the highest buying rate moved down by 77 cents to $103.05.

The highest buying rate for the Canadian dollar remained unchanged at $99.50 but the lowest buying rate inched up by 17 cents to $79.60. The highest selling rate was 21 cents higher than on Monday at $102.61 and the lowest was at $95.70 60 cents higher.

The British pound was 30 cents more for buying at the highest level as it ended at $161.50 and was unchanged at $100 for the lowest buying rate. It was 80 cents more for the highest selling rate, which ended at $168.04 and 40 cents more for the lowest selling rate at $155 at the close.

Image courtesy of Marcus/FreeDigitalPhotos.net

Friday, 6th September 2013 | Although overall buying was more than selling in the forex market, all rates increased for buying and selling of all three main foreign currencies. Buying amounted to $39.97 million while selling was well below, at US$32.35 million.

Authorised dealers bought US$32,773,161 at an average of $101.642 at 21 cents higher than on Thursday and sold US$28,459,081 at an average of $102.231, an increase of 8 cents. For the Canadian, buying amounted to C$1,027,853 at an average of $96.334 as the rate at the end was up 81 cents and they sold C$691,584 at $98.5283 an increase of 98 cents. The total amount of the British Pound purchased was £3,248,021 as the rate was up $1.13 to end at $158.762, while £1,911,264 was sold at an increase of 39 cents to $160.469.

Highs & lows | The highest buying rate for the US dollar is $102.95 an increase of 20 cents over Thursday’s rate, and the lowest buying rate $85.50 or $1.33 more. There was no change in the highest selling rate of $107.86 but the lowest selling rate dropped $2.05 to $84.17.

In the case of the Canadian, the highest buying rate was up $1.15 to $98.85 as the lowest buying rate inched up a mere 8 cents to $78.60. There was no change to the highest selling rate of $101.44 as the lowest selling rate moved up 70 cents to $94.70.

The British Pound saw declines in three of the high and low rates with the highest buying rate falling 87 cents to $160.90 and the lowest buying rate easing 12 cents to $129.36. The highest selling rate dropped sharply by $4.42 to end at $162.50 but the lowest selling rate went up $2.20 to $155.85 at the end of the day.

Thursday, 5th September, 2013 | In today’s forex trading, authorised dealers bought US$26.3 million and sold US$23.68 million as the selling rate for the US dollar fell slightly while the buying rates eased up a few cents. The Canadian selling rate fell and the buying rate rose as the Pound selling rate went up and the buying rate fell.

Authorised dealers bought US$21,039,750 for 10 cents more than on Wednesday’s rate at $101.433 and sold US$20,414,335 at 2 cents less at $102.154. Dealers bought C$1,022,519 at $95.5248 which is 31 cent higher than the closing rate on Wednesday and sold C$783,534 at $97.5485 at 55 cents less. The amount of Pound sterling bought was £2,632,515 at $157.6334 costing 25 cents less than Wednesday’s rate and the amount sold was £1,316,063 at $160.075 at 26 cents more.

The highest buying rate for the US dollar was $102.75 down 25 cents while the currency was bought as low as $84.17, the same rate as the day before. The selling selling high of $107.86 remained unchanged and the selling low at $86.22 for a $2.18 increase.

The highest buying rate for the Canadian dollar was $97.70, up 20 cents and sold as low as $78.52, up 17 cents. Selling was as high as $101.44 reflecting an increase of 22 cents and as low as $94.00, down 65 cents.

The highest buying rate for the Pound sterling was 161.77 up $1.57 and as low as $129.48 down $5.81. Selling was high as $166.92 up $4.76 and sold as low as $153.65 down 50 cents.

Image courtesy of Marcus/FreeDigitalPhotos.net

Wednesday, 4th September 2013 | As the level of buying of foreign currency falls well below demand, the selling rates for all three major currencies appreciated against the local currency with the US dollar selling at 3 cents more than on Tuesday at $101.17 as $24.84 million were sold versus US$20.4 million bought at an average of $101.33 a 16 cents decline on Tuesday’s closing rate.

The Canadian dollar was sold on average for 47 cents more than Tuesday’s closing rate for C$883,200, while the currency was bought at 8 cents lower than on Tuesday and closed at $95.21 as $592,000 was purchased. The Pound Sterling buying rate increased by $1.08 to close at $157.88 as £1,167,212 and £945,113 was sold at 62 cents higher at $159.81.

For the US dollar, the highest buying rate gained 10 cent to $103.00, lowest buying rate was unchanged at 84.17 while the highest selling rate was 3 cents higher at the close at $107.86 and the lowest declined by $15.31 to close at $84.04.

All of the highest and lowest rates for the Canadian dollar climbed with the highest buying rate increasing by 15 cents to $97.50, the lowest was up 8 cents to 78.35. The highest selling rate for the Canadian was up by 21 cents to $101.22 and the lowest moved up by 25 cents to $94.65.

The Pound sterling saw the highest buy rate moving up 25 cents to $160.20 with the lowest being up $6.06 to $135.29. The highest selling rate was down $4.44 to $162.16 and the lowest down 30 cents $154.15.

Tuesday, 3rd September 2013 | US$34,553,830 was purchased by dealers as the buying rate rose by 34c to an average of $101.49 and dealers sold US$32,447,951 at $102.137, an increase of 3 cents, the Canadian was purchased at $95.289 up 42 cents for C$923,276 while C$874,494 was purchased at 78 cents higher than Monday’s rate to close at $97.632. The British Pound traded at $156.806, an increase of 84 cents as £1,352,743 was purchased and £853,085 was sold for $159.189, an increase of 21 cents.

The equivalent of US$37.85 million was purchased and $34.85 million sold bettering yesterday’s take.

Dealers purchased the US dollar as high as $102.90 at 10 cents higher than on Monday and the bought as low as $84.17 which was the same rate as Monday’s low. The US dollar was sold as high as $107.89, lower by 88 cents than the rate at the close of Monday and sold as low as $ 99.35 reflecting a $15.31 increase.

The Canadian dollar was bought as high as 97.35, off 5 cents and remained unchanged for the lowest buying rate at $78.27; the highest selling rate came in at $101.01 down by 64 cents and 10 cents was added to the lowest selling price, which closed at $94.40.

The Pound gained all round with the highest buying rate closing at $159.95, which is 65 cents more than on Monday and lowest buy rate climbed 79 cents to end at $129.23. The highest rate that sales took place at is $166.60 up $1.02 and the lowest rate came in at $154.45 up $1.55