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Posted December 23rd, 2005 by Charles Purdy

Weekly Currency Note: 23rd December 2005

Dear Reader,

Weekly currency note: 23rd December 2005

Overview

Not a good week for sterling losing ground against both the Euro
and the US$. Best to enjoy the festivities and wait to see what
2006 brings.

Great uncertainty in the next few months as to what will happen
to sterling. As we know all is not rosy in the UK but the US and
Euro land are hardly pillars of economic virtue. However, it has
to be noted that the great German industrial machine seems to
gathering speed which increases the likelihood of interest rate
rises in Euro land.

The Smart team wishes you a wonderful Christmas and the very best
for 2006.

Why is currency management so important?

Whatever does happen there are always better days to buy or sell
currencies. You just need to make sure you know what rate you want
and that you are in a position to do it quickly when the
opportunity presents itself.

Open an account today by calling me on 0870 285 0364 or fill out
our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.476ish and is currently 1.460ish.
Most of this move had happened in the last couple of days. Given
the current trading range it may be a good time to sell Euros.

There has been no clear trend in the Euro/sterling exchange rate
for the last six months – just a broad trading range of 1.44 to 1.50.
This range has tightened in the last couple of months to 1.46 to 1.485.
We are now towards the bottom end of this range.

Just so you know, currencies such as the Cypriot £ and the Hungarian
Forint, which are planning to move to the Euro in due course, are closely
aligned to the Euro. Therefore they tend to “track” the Euro. Sometimes
they do have a life of their own but they do tend to come
back into line sooner rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss your options,
so call me on 0870 285 0364 or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.772.It is now 1.730. Shows how quickly momentum can
shift. May be soon back at 1.71.

Interest rate rises are supposedly coming to an end. However, inflation
is still of concern which may mean that the rise has still further to go
than expected. But, we still have to be wary as the twin deficits of budget
and the balance of payments [which is still growing] as these mean that
the USA is very dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support my
inclination for further strengthening in the US$ but I could be very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves so
does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss your
options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

Last week it was 2.383, today 2.38oish. Overall the Aus $ still
appears to be in a strengthening trend and this may represent a
buying opportunity.

Will it break through 2.27 in the first quarter, we wait to see.

If you need to BUY or SELL Australian Dollars, call me on 0870 285 0364 to
discuss your options or or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.05 at the start of the week and 2.02 at the end.
The Canadian $ continues to be very strong.

The Canadian economy is booming. Its commodities are in much demand. They
also have a positive balance of payments as opposed to the USA and Australia.

We wait to see if the Canadian $ can strengthen further but history would
still favour a return to 2.20 plus but timescales are difficult if not
impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on 0870 285 0364 to
discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note, the
latest movements, secure an exchange rate or discuss your particular
situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by
Smart Currency Exchange, so if I can produce information in a better
format or make it easier to understand, of if you want me to clarify
what a particular term means, please send me your questions, suggestions
and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets going.
They should not be taken as fact. The market does what it wants to do.
I have no crystal ball and as ever I recommend that if an exchange rate
works for your budget then don’t try and wait for an even better
exchange rate, as Murphy’s Law says the rate will go against you and
cause you maximum pain!

If you no longer wish to receive communication from us:
http://autocontactor.com/app/r.asp?ID=46056571&ARID=120377

To update your contact information:
http://autocontactor.com/app/r.asp?c=1&ID=46056571

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Posted December 16th, 2005 by Charles Purdy

Weekly Currency Note: 16th December 2006

Dear Charles,

Weekly currency note: 16th December 2005

Overview

Sterling had a good week against the US$. However, it did
lose ground against the Euro. I still feel that now is a
good time to buy the currency.

Hard to believe that the positive tone for sterling is
based on strength. More a statement on the short term
weakness of the US$ and the Euro. It could all reverse
very quickly.

Why is currency management so important?

If you bought 200,000 euros at 1.48
it would have cost you £135,135. If you bought it
at 1.46 it would cost you nearly £1,850 more.

What else could you have done with that £1,850?

As always I think the key is to work to a realistic budget
price and when this budget rate presents itself secure it
either through an immediate purchase of the currency or
through a forward contract [please call to discuss this option
if you are unclear as to what this means].

This removes all the risk, the stress and the strain. You know
exactly what amount you need in sterling. The figure will not
change. No more sleepless nights.

Open an account today by calling me on 0870 285 0364 or fill
out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.483ish and is currently 1.476ish.
A slight fall in sterling this week. Given the lack of clear
indicators as to which way we will break out of this trading
range I suggest if you need Euros then now may still be the time
to buy

There has been no clear trend in the Euro/sterling exchange rate
for the last six months – just a broad trading range of 1.44 to
1.50. This range has tightened in the last couple of months to
1.46 to 1.485. We are now towards the top end of this range.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in due
course, are closely aligned to the Euro. Therefore they tend to
“track” the Euro. Sometimes they do have a life of their own but
they do tend to come
back into line sooner rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.750.It is now 1.772. How much energy is left
in this rise in sterling is difficult to assess. It could be
limited.

Further interest rate increases, which may or may not exceed
original predictions, are lending further support to the US$.
Inflation is still of concern. However, we still have to be
wary as the twin deficits of budget and the balance of payments
[which is still growing] as these mean that the USA is very
dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support
my inclination for further strengthening in the US$ but I could
be very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$
moves so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to
discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

Last week it was 2.333, today 2.383ish The Aus$ is tracking the
US$. Overall the Aus $ still appears to be in a strengthening
trend.

Although the negative sentiment surrounding the Aus$ has increased
in recent weeks it is likely to take its lead from the US$. A
retesting of the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me on
0870 285 0364 to discuss your options or or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.03 at the start of the week and 2.05 at the end.
The Canadian $ is very strong at the moment.

The economy seems to be booming and its commodities are in much
demand [and I talk to a lot of people who are emigrating to Canada].
They also have a positive balance of payments as opposed to the USA
and Australia.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could
see a very rapid appreciation. This would mean a whole new world for
the “loonie” as the Can$ is known. Interesting times.

History would still favour a return in the Can$ to 2.20 plus but
timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on
0870 285 0364 to discuss your options or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your
particular situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by
Smart Currency Exchange, so if I can produce information in a
better format or make it easier to understand, of if you want
me to clarify what a particular term means, please send me your
questions, suggestions and/or comments to
Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets going.
They should not be taken as fact. The market does what it wants to do.
I have no crystal ball and as ever I recommend that if an exchange
rate works for your budget then don’t try and wait for an even better
exchange rate, as Murphy’s Law says the rate will go against you and
cause you maximum pain!

Posted December 9th, 2005 by Charles Purdy

Weekly Currency Note: 9th December 2005

Dear Charles,

Weekly currency note: 9th December 2005

Overview

Sterling had another good week and this time the US$
came to the party. An early Christmas present for those
needing to buy currency.

The Euro is at the top of its recent trading range and
the US$ has gone back up through the 1.73 level. Hard
to believe that the positive tone for sterling is based
on strength. More a statement on the short term weakness
of the US$ and the Euro. It could all reverse very quickly.

Reminder

If you’re interested in buying a property in Cyprus there
is the 1st ever Cyprus Property Exhibit at the Alexandra
Palace (London) this weekend (10th & 11th December). On
Saturday, the hours are 10am to 8pm and Sunday 10am to 6pm.
For more information call 020 7272 8355 or 0777 159 8933.
[no entry cost]

I’ll be there along with some other Smart Currency specialists,
so if you’re going to attend, let me know and we can meet up.

Why is currency management so important?

One client bought at a time when the currency was peaking,
and even though his funds were not available for another ten
days, we were able to secure him an excellent rate. In the
space of those ten days he saved over £3,000.

That is why a currency strategy is so important. It removes
all the risk, the stress and the strain. You know exactly what
amount you need in sterling. The figure will not change. No
more sleepless nights..

Open an account today by calling me on 0870 285 0364 or fill
out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.480ish and is currently 1.483ish.
At the top end of the recent tight trading range. Given the lack
of clear indicators as to which way we will break out of this
trading range I suggest if you need Euros then now is the time
to buy

There has been no clear trend in the Euro/sterling exchange rate
for the last six months – just a broad trading range of 1.44 to
1.50. This range has tightened in the last couple of months to 1.46
to 1.485. We are now at the top end of this range.

Just so you know, currencies such as the Cypriot £ and the Hungarian
Forint, which are planning to move to the Euro in due course, are
closely aligned to the Euro. Therefore they tend to “track” the
Euro. Sometimes they do have a life of their own but they do tend
to come
back into line sooner rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss your
options, so call me on 0870 285 0364 or fill out our online quotation
form at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.733.It is now 1.750. How much energy is left in
this rise in sterling is difficult to assess. It could be limited.

Further interest rate increases, which may or may not exceed original
predictions, are lending further support to the US$. Inflation is
still of concern. However, we still have to be wary as the twin deficits
of budget and the balance of payments [which is still growing] as these
mean that the USA is very dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support my
inclination for further strengthening in the US$ but I could be very
wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves so
does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ is holding steady. Last week it was 2.315, today 2.333ish
The Aus$ is tracking the US$ Overall the Aus $ still appears to be
in a strengthening trend.

Although the negative sentiment surrounding the Aus$ has increased in
recent weeks it is likely to take its lead from the US$. A retesting of
the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me on 0870 285 0364
to discuss your options or or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.01 at the start of the week and 2.03 at the end. The
Canadian $ is very strong at the moment. Interest rate rises in December
are being mooted.

The economy seems to be booming and its commodities are in much demand
[and I talk to a lot of people who are emigrating to Canada]. They also
have a positive balance of payments as opposed to the USA and Australia.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could see
a very rapid appreciation. This would mean a whole new world for the
“loonie” as the Can$ is known. Interesting times.

History would still favour a return in the Can$ to 2.20 plus but timescales
are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on 0870 285 0364 to
discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your particular
situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by Smart
Currency Exchange, so if I can produce information in a better format
or make it easier to understand, of if you want me to clarify what a
particular term means, please send me your questions, suggestions
and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets going.

Posted December 2nd, 2005 by Charles Purdy

Weekly Currency Note – 2nd December 2005

Dear Charles,

Weekly currency note: 2nd December 2005

Overview

Sterling had a good week against the Euro moving back
up to the top of its recent trading range. This of
course happened following an increase in Euro land
interest rates. Just proves that sometimes it is better
to travel than arrive! The US$1.73 level is being tested
but this time from below. May be time to buy either of
these currencies.

Announcement

If you’re interested in buying a property in Cyprus
there is the 1st ever Cyprus Property Exhibit [no entry
cost] at the Alexandra Palace (London) next weekend
(10th & 11th December). On Saturday, the hours are
10am to 8pm and Sunday 10am to 6pm. For more
information call 020 7272 8355 or 0777 159 8933.

I’ll be there along with some other Smart Currency
specialists, so if you’re going to attend, let me know
and we can meet up.

Why is currency management so important?

A two cent movement in either the US$ or the Euro may
seem small but when you have a reasonable amount to change
it can easily add up. If you were changing £100,000 and you
got your timing right then you could gain £1,000 to £2000.

If you have time on your side make sure you develop a currency
strategy and benefit from changes in exchange rates.

Open an account today by calling me on 0870 285 0364 or fill
out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.462ish and is currently 1.480ish.
Last week was the time to sell. Now we are heading back to the
top end of the tight trading range and I suspect if you have an
upcoming Euro requirement you should buy sooner rather than later.

As noted previously, there has been no clear trend in the
Euro/sterling exchange rate for the last few months – just a
broad trading range of 1.44 to 1.50. This range has tightened
in the last few weeks to 1.46 to 1.485. We are now approaching
the top end of this range.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in
due course, are closely aligned to the Euro. Therefore they tend
to “track” the Euro. Sometimes they do have a life of their own
but they do tend to come back into line sooner rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.714.It is now 1.733. As noted, US$1.73ish is a
key level and we wait to see if the US$ breach of this level can
be sustained. As you can see it is being tested.

Further interest rate increases, which may or may not exceed original
predictions, are lending further support to the US$. However, we
still have to be wary as the twin deficits of budget and the balance
of payments [which is still growing] as these mean that the USA is
very dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support my
inclination for further strengthening in the US$ but I could be
very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves
so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has strengthened slightly over the week from 2.333 to
2.315ish The Aus$ is tracking the US$ and overall the Aus $ still
appears to be in a strengthening trend.

Although the negative sentiment surrounding the Aus$ has increased
in recent weeks it is likely to take its lead from the US$. A
retesting of the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me on 0870 285 0364
to discuss your options or or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.00 at the start of the week and 2.01 at the end.
The Canadian $ is very strong at the moment. Interest rate rises
in December are being mooted.

The economy seems to be booming and its commodities are in much
demand [and I talk to a lot of people who are emigrating to Canada].
They also have a positive balance of payments as opposed to the USA
and Australia.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could
see a very rapid appreciation. This would mean a whole new world for
the “loonie” as the Can$ is known. Interesting times.

History would still favour a return in the Can$ to 2.20 plus but
timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on
0870 285 0364 to discuss your options or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your
particular situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by Smart
Currency Exchange, so if I can produce information in a better format
or make it easier to understand, of if you want me to clarify what a
particular term means, please send me your questions, suggestions
and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets
going.

Posted November 25th, 2005 by Charles Purdy

Weekly Currency Note: 25th November 2005

Dear Charles,

Weekly currency note:25th November 2005

Overview

Little movement in sterling this week. The damage was done last
week. Mixed messages abound. Is the end of interest rate rises
in the USA in sight? How extensive will the increases in
interest rates in Euro Land be? Will interest rates in the UK
be reduced or increased? The only stories in town are interest
rates. Fundamentals for the time being have been forgotten. We
are in a period where half baked stories seem to move the
exchange rates very quickly.

Why is currency management so important?

We recently got a testimonial from a client who stated that she
had saved £5,000 from using our services when compared to the
bank. This surprised even me. Just shows you what can be achieved
if you spend a bit of time thinking about your currency
requirements.

We have developed a short document which has helped a number of
clients to determine their requirements more clearly. If you
would like to find out more please give me a ring
on 020 7903 5275.

Open an account today by calling me on 0870 285 0364 or fill
out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.461ish and is currently 1.462ish.
Difficult to know where we go from here. Now may be the time
to sell.

As noted previously, there has been no clear trend in the
Euro/sterling exchange rate for the last few months – just a
broad trading range of 1.44 to 1.50. This range has tightened
in the last few weeks to 1.46 to 1.485. We are now at the
bottom of this range.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in
due course, are closely aligned to the Euro. Therefore they
tend to “track” the Euro. Sometimes they do have a life of
their own but they do tend to come back into line sooner rather
than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.716.It is now 1.714. As noted, US$1.73ish is
a key level and we wait to see if the US$ breach of this level
can be sustained.

Further interest rate increases, which are now expected to exceed
original predictions given the level of inflation in the USA, are
lending further support to the US$. However, we still have to be
wary as the twin deficits of budget and the balance of payments
[which is still growing] as these mean that the USA is very
dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support my
inclination for further strengthening in the US$ but I could be
very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves
so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has strengthened slightly over the week from 2.342 to
2.333ish The Aus$ is tracking the US$ and overall the Aus $ still
appears to be in a strengthening trend.

Although the negative sentiment surrounding the Aus$ has increased
in recent weeks it is likely to take its lead from the US$. A
retesting of the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me
on 0870 285 0364 to discuss your options or or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.04 at the start of the week and 2.00 at the end. The
Canadian $ is very strong at the moment. Interest rate rises in
December are being mooted.

The economy seems to be booming and its commodities are in much
demand [and I talk to a lot of people who are emigrating to Canada].
They also have a positive balance of payments as opposed to the USA
and Australia.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could
see a very rapid appreciation. This would mean a whole new world for
the “loonie” as the Can$ is known. Interesting times.

History would still favour a return in the Can$ to 2.20 plus but
timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on 0870 285 0364
to discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your
particular situation, please feel free to contact me on
0870 285 0364

Lastly, we’re always working to improve the service provided by
Smart Currency Exchange, so if I can produce information in a better
format or make it easier to understand, of if you want me to clarify
what a particular term means, please send me your questions,
suggestions and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets
going. They should not be taken as fact. The market does what it
wants to do. I have no crystal ball and as ever I recommend that
if an exchange rate works for your budget then don’t try and wait
for an even better exchange rate, as Murphy’s Law says the rate
will go against you and cause you maximum pain!

Posted November 18th, 2005 by Charles Purdy

Weekly Newsletter: 18th November 2005

Dear Charles,

Weekly currency note:18th November 2005

Overview

Sterling suffered badly this week as interest rate
expectations reversed. Previously it was thought interest
rates could rise as inflation increased. The new thought
process is that rates are now more likely to fall. Please
note the lack of exactitude [is this really a word, my
spell check seems to think so] in the above. There is only
a change in expectation. We may well see no change in
interest rates in the UK for the next 6 months. However
interest rates are rising in the US and the US$ continues
to strengthen. The Euro has moved to the lower of the recent
narrow range. It will be interesting to see if the Euro can
maintain its short term momentum.

Why is currency management so important?

One client bought at the end of last week and even though
his funds were not available until this Friday we were able
to secure him an excellent rate. In the space of one week
he saved over £3,000.

That is why a currency strategy is so important. It removes
all the risk, the stress and the strain. You know exactly
what amount you need in sterling. The figure will not change.
No more sleepless nights..

Open an account today by calling me on 0870 285 0364 or fill
out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.485ish and is currently 1.461ish.
I was right last week; it was an excellent buying opportunity
for the Euro. Now may be the time to sell.

As noted previously, there has been no clear trend in the
Euro/sterling exchange rate for the last few months – just
a broad trading range of 1.44 to 1.50. This range has
tightened in the last few weeks to 1.46 to 1.485. We are now
at the bottom of this range.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in
due course, are closely aligned to the Euro. Therefore they
tend to “track” the Euro. Sometimes they do have a life of
their own but they do tend to come back into line sooner
rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our
online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.739.It is now 1.716. As noted, US$1.73ish is
a key level and we wait to see if the US$ breach of this level
can be sustained.

Further interest rate increases, which are now expected to exceed
original predictions given the level of inflation in the USA, are
lending further support to the US$. However, we still have to be
wary as the twin deficits of budget and the balance of payments
[which is still growing] as these mean that the USA is very
dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support my
inclination for further strengthening in the US$ but I could be
very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves
so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has strengthened slightly over the week from 2.375 to 2.342ish.
The Aus$ is tracking the US$ and overall the Aus $ still appears to be
in a strengthening trend.

Although the negative sentiment surrounding the Aus$ has increased in
recent weeks it is likely to take its lead from the US$. A retesting
of the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me on 0870 285 0364
to discuss your options or or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.07 at the start of the week to 2.04 at the end. Tracking
the US$.

The Can$ is very strong at the moment. Justifiably so as the economy
seems to be booming and its commodities are in much demand [and I talk
to a lot of people who are emigrating to Canada]. Interest rates may
be increased to combat inflation lending further support to the Can$.
They also have a positive balance of payments as opposed to the USA and
Australia.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could see
a very rapid appreciation. This would mean a whole new world for the
“loonie” as the Can$ is known.

History would still favour a return in the Can$ to 2.20 plus but
timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on 0870 285 0364
to discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your particular
situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by
Smart Currency Exchange, so if I can produce information in a better
format or make it easier to understand, of if you want me to clarify
what a particular term means, please send me your questions, suggestions
and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets going.
They should not be taken as fact.

Posted November 11th, 2005 by Charles Purdy

Weekly Currency Note: 14th November 2005

Dear Charles,

Weekly currency note:11th November 2005

Overview

Sterling strengthened slightly against the Euro but
weakened further against the US$. The Euro has moved to
the top end of its recent tight range and may well
represent a buying opportunity. The US$ is testing 1.73.
If this is breached we could see a lot lower very
quickly.

Why is currency management so important?

If you had bought US$100,000 at the beginning of September
at 1.85ish it would have cost you £54,054. If you bought
it today it would cost you nearly £3,500 more.

What else could you have done with that £3,500? It pays
for a lot of flights to the US.

That is why a currency strategy is so important. It removes
all the risk, the stress and the strain. You know exactly
what amount you need in sterling. The figure will not change.
No more sleepless nights..

Open an account today by calling me on 0870 285 0364 or fill
out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.481ish and is currently 1.485ish.
There are no obvious reasons for this week’s strength and it
may well prove to be an excellent buying opportunity.

As noted previously, there has been no clear trend in the
Euro/sterling exchange rate for the last few months – just a
broad trading range of 1.44 to 1.50. This range has tightened
in the last few weeks to 1.46 to 1.485. We are now at the top
of this range.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in
due course, are closely aligned to the Euro. Therefore they
tend to “track” the Euro. Sometimes they do have a life of
their own but they do tend to come back into line sooner
rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our online
quotation
form at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.750.It is now 1.739. US$1.73ish is a key level
and we wait to see if the US$ can breach this level. It made a
couple of half hearted attempts to do so during the week.

Further interest rate increases, which are now expected to exceed
original predictions given the high level of inflation in the USA,
are lending further support to the US$. However, we still have to
be wary as the twin deficits of budget and the balance of payments
[which is still growing] as these mean that the USA is very
dependent on external parties buying dollars.

Momentum, purchasing parity and rising interest rates support my
inclination for further strengthening in the US$ but I could be
very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves
so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has strengthened slightly over the week from 2.387 to
2.375ish Overall the Aus $ still appears to be in a strengthening
trend.

Although the negative sentiment surrounding the Aus$ has increased
in recent weeks it is likely to take its lead from the US$. A
retesting of the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me on
0870 285 0364 to discuss your options or or fill out our
online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.07 at the start of the week to 2.07 at the end.
Minimal action as per last week.

The Can$ is very strong at the moment. Justifiably so as the economy
seems to be booming and its commodities are in much demand [and I
talk to a lot of people who are emigrating to Canada]. Interest rates
may be increased to combat inflation lending further support to the
Can$. They also have a positive balance of payments as opposed to
the USA and Australia.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could
see a very rapid appreciation.

History would still favour a return in the Can$ to 2.20 plus but
timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on 0870 285 0364
to discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your
particular situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by
Smart Currency Exchange, so if I can produce information in a
better format or make it easier to understand, of if you want
me to clarify what a particular term means, please send me your
questions, suggestions and/or comments
to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets
going. They should not be taken as fact. The market does what it
wants to do. I have no crystal ball and as ever I recommend that
if an exchange rate works for your budget then don’t try and wait
for an even better exchange rate, as Murphy’s Law says the rate
will go against you and cause you maximum pain!

If you no longer wish to receive communication from us:
http://autocontactor.com/app/r.asp?ID=46056571&ARID=120377

To update your contact information:
http://autocontactor.com/app/r.asp?c=1&ID=46056571

Posted November 4th, 2005 by Charles Purdy

Weekly Currency Note: 4th November 2005

Dear Charles,

Weekly currency note: 4th November 2005

Overview

Sterling strengthened slightly against the Euro but
weakened against the US$. We have just seen the breach
today of the US$/Euro exchange rate of 1.19 which may
prove to be very significant. If some momentum builds
up then we could see the US$ strengthen significantly
against both sterling and the Euro. How the inter
relationship between sterling and the Euro plays out
is difficult to assess but the benefits to Euro land of
a weaker Euro against the US$ will be significant. We
need to watch the week ahead carefully.

Why is currency management so important?

A two cent movement in either the US$ or the Euro may
seem small but when you have a reasonable amount to
change it can easily add up. If you were changing
£100,000 and you got your timing right then you could
have gained £1,000 to £2000 in the past few weeks.

If you have time on your side make sure you develop a
currency strategy and benefit from changes in exchange
rates.

Open an account today by calling me on 0870 285 0364 or
fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.470ish and is currently
1.481ish. Sterling has regained the cent it lost last week

Interest rate increases in Euro land receded to next year
allowing the slight strengthening in sterling.

There has been no clear trend in the Euro/sterling exchange
rate for the last few months – just a broad trading range
of 1.44 to 1.50. This range seems to have become somewhat
constrained in the last few weeks with the range being
limited to 1.46 to 1.485.

We need some sort of catalyst to get us out of this malaise
and we may have this with the breach of the 1.19 US$/Euro
exchange rate mentioned above.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in
due course, are closely aligned to the Euro. Therefore they
tend to “track” the Euro. Sometimes they do have a life of
their own but they do tend to come back into line sooner
rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our
online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.774.It is now 1.750. The period of
consolidation may have come to an end with a 2 cent strengthening
in the US$ in the last few days. US$1.73ish is a key level and
we wait to see if the US$ can breach this level.

Further interest rate increases which are now expected to exceed
original predictions given the high level of inflation in the
USA are lending further support to the US$. However, we still
have to be wary as the twin deficits of budget and balance
payments as these mean that the USA is very dependent on external
parties buying dollars.

My inclination is still for further strengthening in the US$ but
I could be very wrong.

The Dirham and the US$ are closely tied. Therefore as the US$ moves
so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has weakened over the week from 2.365 to 2.387ish but
overall the Aus $ still appears to be in a strengthening trend.

Although the negative sentiment surrounding the Aus$ has increased
in recent weeks it is likely to take their lead from the US$.
A retesting of the 2.27 level seen in July could be on the cards.

If you need to BUY or SELL Australian Dollars, call me on
0870 285 0364 to discuss your options or or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.09 at the start of the week to 2.07 at the end.
Minimal action.

The Can$ is very strong at the moment. Justifiably so as the
economy
seems to be booming and its commodities are in much demand
[and I talk to a lot of people who are emigrating to Canada].
Interest rates may be increased to combat inflation lending
further support to the Can$. They also have a positive balance
of payments as opposed to the USA and Australia.

The current level “is very significant” and for the Can$ to
strengthen further will take some effort. However, if it does
so then we could see a very rapid appreciation.

History would still favour a return in the Can$ to 2.20 plus
but timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on
0870 285 0364 to discuss your options or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your
particular situation, please feel free to contact me
on 0870 285 0364

Lastly, we’re always working to improve the service provided
by Smart Currency Exchange, so if I can produce information
in a better format or make it easier to understand, of if
you want me to clarify what a particular term means, please
send me your questions, suggestions and/or comments
to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets
going. They should not be taken as fact. The market does what it
wants to do. I have no crystal ball and as ever I recommend that
if an exchange rate works for your budget then don’t try and wait
for an even better exchange rate, as Murphy’s Law says the rate
will go against you and cause you maximum pain!

Posted October 28th, 2005 by Charles Purdy

Weekly Currency Note: 28th October 2005

Dear Charles,

Weekly currency note: 28th October 2005

Overview

No major moves in the market. Sterling lost slightly
against the Euro and gained a bit against the US$.
Waiting for some real direction. What will be the
catalyst is hard to tell but I feel as if the next
moves could be significant. Which way is impossible
to say.

Why is currency management so important?

We recently got a testimonial from a client who
stated that she had saved £5,000 from using our
services when compared to the bank. This surprised
even me. Just shows you what can be achieved if you
spend a bit of time thinking about your currency
requirements.

We have developed a short document which has helped
a number of clients to determine their requirements
more clearly. If you would like to find out more
please give me a ring on 020 7903 5275.

Open an account today by calling me on 0870 285 0364
or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.477ish and is currently
1.470ish. Sterling had gained 2 cents in the previous
two weeks and has now given half of it back.

Talk is of increased interest rates in Euro land with
the great fear being inflation. Also some of the
economic figures coming out off Euro land have been
more encouraging.

There has been no clear trend in the Euro/sterling
exchange rate for the last few months – just a broad
trading range of 1.44 to 1.50. This range seems to have
become even more constrained in the last few weeks with
the range being limited to 1.46 to 1.485.

We need some sort of catalyst to get us out of this
malaise. What that will be is hard to guess but I
suspect when it happens the move will be both quick
and significant.

Just so you know, currencies such as the Cypriot £
and the Hungarian Forint, which are planning to move
to the Euro in due course, are closely aligned to the
Euro. Therefore they tend to “track” the Euro. Sometimes
they do have a life of their own but they do tend to
come back into line sooner rather than later.

If you need to BUY or SELL EUROS now is a good time to
discuss your options, so call me on 0870 285 0364 or
fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.761.It is now 1.774. The period of
consolidation continues. A slight weakening in the US$
but as with the Euro no real direction.

Further interest rate increases are expected further
supporting the US$.

US$1.73ish is a key level and we wait to see if it can
breach this level and strengthen further, stabilise at
this sort of level or begin to weaken as other fundamentals
[i.e. the twin deficits] take control.

My inclination is still for further strengthening in the
US$ but I could be very wrong.

The Dirham and the US$ are closely tied. Therefore as the
US$ moves so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364
to discuss your options or fill out our online quotation
form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has weakened slightly over the week from 2.36 to
2.365ish but overall the Aus $ is in a strengthening trend.
The Aus $ will, however, I suspect take its lead from
the US$.

The Aus$ hit a high of 2.27ish late July. Having hit 2.40
a few weeks ago it is retesting the July level. We wait to
see if it is able to strengthen even further and beat the
July high.

If you need to BUY or SELL Australian Dollars, call me on
0870 285 0364 to discuss your options or or fill out our
online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ was 2.09 at the start of the week to 2.09 at the end.
Very little action.

The Can$ is very strong at the moment. Justifiably so as the
economy seems to be booming and its commodities are in much
demand [and I talk to a lot of people who are emigrating to
Canada]. Interest rates may be increased to combat inflation
lending further support to the Can$.

The current level “is very significant” and for the Can$ to
strengthen further will take some effort. However, if it does
so then we could see a very rapid appreciation.

History would still favour a return in the Can$ to 2.20 plus
but timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on
0870 285 0364 to discuss your options or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this
note, the latest movements, secure an exchange rate or discuss
your particular situation, please feel free to contact me on
0870 285 0364

Lastly, we’re always working to improve the service provided by
Smart Currency Exchange, so if I can produce information in a
better format or make it easier to understand, of if you want
me to clarify what a particular term means, please send me
your questions, suggestions
and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
www.SmartCurrencyExchange.com/freereport.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer

As ever these are my musing as to how I see the various markets
going. They should not be taken as fact. The market does what
it wants to do. I have no crystal ball and as ever I recommend
that if an exchange rate works for your budget then don’t try
and wait for an even better exchange rate, as Murphy’s Law says
the rate will go against you and cause you maximum pain!

Posted October 21st, 2005 by Charles Purdy

Weekly Currency Note: 21st October 2005

Dear Charles,

Weekly currency note: 21st October 2005

Overview

Sterling continued to strengthen against the Euro and
consolidate against the US$. Interest rate cuts are not
a foregone conclusion here in the UK and Euro land is
still suffering poor economic growth. The US will continue
to raise interest rates as the fear is rising inflation.

Why is currency management so important?

If you had bought US$100,000 a month ago at 1.85ish it
would have cost you £54,054. If you bought it today it
would cost you nearly £3,000 more.

What else could you have done with that £3,000? It pays
for a lot of flights to the US.

And it isn’t difficult to secure the preferential exchange
rate. If you know what you require and have a reasonable
feel of the timescales in which you will need those funds,
we would be able to use a forward contract to secure the
exchange rate.

This removes all the risk, the stress and the strain. You
know exactly what amount you need in sterling. The figure
will not change. No more sleepless nights.

Open an account today by calling me on 0870 285 0364 or
fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Euro vs. the £

The Euro started the week at 1.464ish and is currently
1.477ish. Sterling has gained 2 cents in the last two weeks.

Two factors were catalysts for last weeks gain in sterling.
The first was the announcement of poor economic performance
in Germany. The second were the minutes of the last Bank of
England meeting from which it was clear that further interest
rate cuts are not currently on the agenda.

There has been no clear trend in the Euro/sterling exchange
rate for the last few months – just a broad trading range of
1.44 to 1.50.

I would be surprised [and I have been surprised before many
times] if the current strengthening of sterling against the
Euro had much further to travel. One thing that could
undermine this thought process is if the Euro weakened
significantly against the US$.

May be a good time to buy those Euros.

Just so you know, currencies such as the Cypriot £ and the
Hungarian Forint, which are planning to move to the Euro in
due course, are closely aligned to the Euro. Therefore they
tend to “track” the Euro. Sometimes they do have a life of
their own but they do tend to come back into line sooner
rather than later.

If you need to BUY or SELL EUROS now is a good time to discuss
your options, so call me on 0870 285 0364 or fill out our online
quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The US$ vs. the £

Last week it was 1.769.It is now 1.761. The period of
consolidation continues.

Further interest rate increases are expected further supporting
the US$. We are still waiting to see what happens next.
The Euro/US$ exchange rate could have a major affect on the
sterling/US$ exchange rate.

US$1.73ish is a key level and we wait to see if it can breach
this level and strengthen further, stabilise at this sort of
level or begin to weaken as other fundamentals [i.e. the twin
deficits] take control.

My inclination is still for further strengthening in the US$ and
if the Euro weakens significantly against the US$ this could
happen very quickly.

The Dirham and the US$ are closely tied. Therefore as the US$ moves
so does the Dirham.

If you need to BUY or SELL USD, call me on 0870 285 0364 to discuss
your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Aus $ vs. the £

The Aus$ has weakened slightly over the week from 2.35 to 2.36ish
but overall the Aus $ is in a strengthening trend. The Aus $ will
I suspect take its lead from the US$.

The Aus$ hit a high of 2.27ish late July. Having hit 2.40 a few
weeks ago it is retesting the July level. We wait to see if it is
able to strengthen even further and beat the July high.

If you need to BUY or SELL Australian Dollars, call me
on 0870 285 0364 to discuss your options or or fill out
our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

The Can$ vs. the £

The Can$ moved from 2.10 at the start of the week to 2.09 at the end.

The Can$ is very strong at the moment. Justifiably so as the economy
seems to be booming and its commodities are in much demand [and I talk
to a lot of people who are emigrating to Canada]. Interest rates may be
increased to combat inflation lending further support to the Can$.

The current level “is very significant” and for the Can$ to strengthen
further will take some effort. However, if it does so then we could
see a very rapid appreciation.

History would still favour a return in the Can$ to 2.20 plus but
timescales are difficult if not impossible to estimate!

If you need to BUY or SELL Canadian Dollars, call me on 0870 285 0364
to discuss your options or fill out our online quotation form
at: http://www.smartcurrencyexchange.com/smartquotation.htm

If you would like to discuss a currency not mentioned in this note,
the latest movements, secure an exchange rate or discuss your
particular situation, please feel free to contact me on 0870 285 0364

Lastly, we’re always working to improve the service provided by Smart
Currency Exchange, so if I can produce information in a better format
or make it easier to understand, of if you want me to clarify what a
particular term means, please send me your questions, suggestions
and/or comments to Charles@SmartCurrencyExchange.com

Think Smart,

Charles Purdy
Director

Phone: 0870 285 0364
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“The UK’s 1st (and Only) Currency Exchange Service Dedicated
Exclusively to Overseas Property Buyers”

To get your complimentary reports go to:
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Disclaimer

As ever these are my musing as to how I see the various markets going.

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