Friday, 9th August, 2013 | Selling of foreign currency on Friday was higher than normal as US$48 million was sold but buying was only $32 million, nearly US$16 million more, thus wiping out the surplus of funds traded on Monday and Wednesday.
The actual amount of US currency traded was $28.6 million purchased with $45.3 million sold. The buying rate inched up by 6 cents to $101.21 and the selling rate moved up by 2 cents to settle at $101.85. The Canadian dollar buying rate increased by 78 cents to $96.99 and selling rose by 33 cents to close at $98.66. The average rate for the Pound rose by 17 cents for buying the British currency which closed at $155.01 and the average selling rate rose by 43 cents to $158.51.
Authorised dealers bought the US dollar at the highest for 5 cents more at $102.15 but the lowest buying rate remained unchanged at $83.67. The high rate for selling did not change to close at $107.21 but the lowest rate for selling was up $13.35 at $85.65.
The highest rate for buying the Canadian currency climbed 45 cents to $99.15 while the highest selling rate was up 22 cents and closed $102.08, the lowest buying rate remained flat at $78.68 and the lowest selling rate was down by 40 cents to $94.40.
The highest buying rate for the Pound edged down by 10 cents to $158.50 and lowest buying rate moved down by 87 cents to $128.28 while the highest selling rate remained flat at $164.25 there while the lowest selling rate moved up $2.95 to $151.95.