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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.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
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