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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!

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 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!

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