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Posted August 31st, 2006 by Charles Purdy

Daily Currency Note from Smart Currency

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates


Currency

Rate

EURO

1.484

CY£

0.850

US$

1.908

CHF

2.340

CAN$

2.116

AUS$

2.498

Comments: Sterling had a positive day against the Euro and US$ on the back of slightly better than expected retail figures here in the UK. Probably the result of a cold and dank August! I still believe that there is more downside risk than upside potential.

Note: All rates are mid market inter bank and indicative at the point of publication.

To get an initial estimate of the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.


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Posted August 24th, 2006 by Charles Purdy

Daily Currency Note from Smart Currency

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates

Currency

Rate

EURO

1.480

CY£

0.848

US$

1.891

CHF

2.337

CAN$

2.100

AUS$

2.483

Comments: Sterling continued its move up against the Euro. Approaching year highs again. My feeling, rightly or wrongly, is that downside risk is greater than further upside opportunity and would advice clients to hedge. The US$ continues in its 1.88-1.90 range.

Note: All rates are mid market inter bank and indicative at the point of publication.

To get an initial estimate of the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.

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