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Posted November 16th, 2006 by Charles Purdy

Smarts Daily Currency Note – 16th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 16th November 2006


Currency

Rate

EURO

1.473

CY£

0.845

US$

1.887

CHF

2.353

CAN$

2.150

AUS$

2.464

Comments: Sterling continued to suffer yesterday. The Bank of England minutes came out yesterday and stated that they expected inflation to return to 2%. Makes any increases in UK interest rates unlikely short term although there are concerns about possible wage inflation first quarter next year. Therefore some pundits are thinking we may still see a further 0.25% increase in interest rates sometime first quarter. Sterling is sliding. Rates are not as good as they were but possible downside is still three to four cents against the Euro. The US$ is more difficult as it has significant problems of its own. There may well be further buying opportunities over 1.90 but you should not prevaricate if such a rate presents itself.

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 November 15th, 2006 by Charles Purdy

Did you win the �250 M&S Voucher from Smart?

Dear Reader,

Hi there!

I hope you are well.

We have been extremely busy this past month here
at Smart. Especially with the Euro and Cypriot £ doing
as well as it has been doing, there hasn’t really been
much time for anything else apart from work, work
and more work!!

However, I must confess that I have actually started
my Christmas shopping! Not something that I am
normally that organised with, but my Sister-in-Law
reminded me that it is only 6 weeks away!!! It has
come around so quickly, why does life go so much
quicker the older you get?

Anyway, on to the important stuff. Do you know
someone that is either buying overseas or emigrating
that would benefit from us sending them our latest
guide on offer entitled, “”When Property Buyer,
Mr Reed Purchased an Overseas Property, he Made
Three Mistakes that Cost Him £10,256…Will YOU
Make the Same Mistakes?”

This guide will help your contact learn how to save money
avoiding the bank, along with giving case studies, tips and
ways to create the strategy that fits their need best.

For every contact you send to Smart, you will be entered
into a monthly prize draw to win £250 M&S Vouchers.
Winners will be announced in my monthly email. So if you
have already sent me your contacts then scroll down to see
if you are this months winner!!

This month’s eNewsletter includes the following:

- Novembers Winner of £250 M&S Voucher

- Buying Overseas: Research your Target Location
by Reading

- Case Study: by Smart Client Oliver Maurice

- Sterling and the Euro
by Charles Purdy, Smart Director

- Meet Charles Purdy this Monday 20th November

- Smart Client Testimonials

Please send me YOUR stories about buying overseas any time -
if you have any information on what to do, what not to do,
tips things to look out for, how to plan for a purchase and
anything else that you’d like to share with the Smart
community, please email them to:

Rebecca@SmartCurrencyExchange.com

Please remember to recommend us to your friends!

Until next month – think Smart,

Becks

+++++++++++++++++++++++++++++++++++++
M&S Vouchers Winner
+++++++++++++++++++++++++++++++++++++

The winner of this months prize draw is:

Kevin Elliot from Chatham, Kent!!!!!

CONGRATULATIONS!!!!!

To enter next months contest and win £250 M&S
voucher please send us the name, address, eMail
and phone number of anyone one you know that
will be purchasing overseas who would benefit by
reading our free report on how to save money using
a currency company.

Send all contacts to:
rebecca@smartcurrencyexchange.com

+++++++++++++++++++++++++++++++++++++
Buying Overseas: Research your Target Location by
Reading
+++++++++++++++++++++++++++++++++++++

Read at least one book on the country and region
of your choice. This will give you a solid
foundation to ensure you know the basics and
provided the book is comprehensive, it will cover
all the area’s that you need to research and
contemplate (i.e. legal, culture, health-care,
employment).

Tip: While reading, keep a notepad and pen to
jot down “Things to Do,” “Questions to Ask,” and
“Resources to Use.”

Did you know that Smart can move ANY amount of
money overseas for you? As long as you have your own
bank account abroad we can transfer anything from
your holiday money to deposits and mortgage payments!

So contact us now on 0808 163 0102.

NOTE: you MUST have you’re an account to transfer
the money to as we are unable to provide you with cash

+++++++++++++++++++++++++++++++++++++
Your Stories: by Smart Client Oliver Maurice
+++++++++++++++++++++++++++++++++++++

I have just read the list of testimonials and am moved
to write my own following our successful house purchase
and relocation to the South of France.

At the time of the purchase a friend suggested I look
on the internet for foreign exchange companies as they
provided a better rate of exchange than the banks, post
office etc. Smart Currency Exchange came up on the
screen so I gave Charles a ring and was impressed by
what he told me.

As result of my using Smart, I saved no less than £20,000!
As a result I have since used them to transfer some further
capital and have a monthly direct debit for my pension to
be transferred through Smart to my French bank account.

I have just recommended the firm to another friend who
is about to buy a house nearby.

I remain hugely impressed by the service I have received

Oliver Maurice

To save money like Oliver Maurice & work with a Currency
specialist that can help you to buy at the best time, please
request a currency quotation at:

http://www.smartcurrencyexchange.com/smartquotation.htm

+++++++++++++++++++++++++++++++++++++
Sterling and the Euro
by Charles Purdy, Smart Director
+++++++++++++++++++++++++++++++++++++
Even though UK interest rates were increased, as
expected, by 0.25%, sterling has suffered. The reason
for this is that expectations for further increases
in interest rates have been removed as the Bank of
England were non committal on inflation in the
announcement that accompanied the increase in
rates. The Cypriot £ has strengthened to under 0.85.

However, it should be remembered that this rate is
so much better than it has been for a lot of the year.
Downside risk is still significant so hoping for a
bounce back in sterling may not be the best strategy.

Smart Currency Exchange Limited:
http://www.SmartCurrencyExchange.com
PLEASE give us a call if you need to exchange and
transfer money anywhere overseas. We will be able to save
you quite a bit of money AND make it a heck of a lot
easier than using the bank.

Call Smart today to see how much you can save on: 0808 163 0102

+++++++++++++++++++++++++++++++++++++
Meet Charles Purdy
+++++++++++++++++++++++++++++++++++++

On Monday the 20 November, 2006, Charles Purdy and other
‘Smart’ team members will be attending the popular
London Property Networking event at The Selfridge
Hotel, Orchard Street, (off Oxford Street), London
W1H 6JS (nearest tube Bond Street from 6:30pm – 10.30pm.

Join Charles and at least 100 serious UK and overseas
property investors to meet new contacts, share ideas
and learn what experienced successful property investors
are doing.

Posted November 15th, 2006 by Charles Purdy

Smarts Daily Currency Note – 15th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 15th November 2006

Currency

Rate

EURO

1.478

CY£

0.848

US$

1.895

CHF

2.357

CAN$

2.156

AUS$

2.479

Comments: Sterling suffered some weakness yesterday. The main reason for this was that UK consumer price index for October was less than the consensus forecast. This supports the view that UK interest rates will be kept on hold here in the UK at 5% for the medium term hence sterling suffered. However, sterling exchange rates against the Euro and US$ are still good when compared to earlier this year.

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.

Posted November 14th, 2006 by Charles Purdy

Smarts Daily Currency Note – 14th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 14th November 2006

Currency

Rate

EURO

1.484

CY£

0.851

US$

1.904

CHF

2.366

CAN$

2.165

AUS$

2.488

Comments: Sterling is hovering just over the 1.48 [inter bank]. A pull back of about 1.5 cents from its peak for this year. Will it recover lost ground. Very difficult to say. Three months ago sentiment was for sterling to head towards 1.40 rather than 1.50. The average for the year is around the 1.45 mark and my feeling is that downside risk for sterling vs. the Euro is greater than upside potential. Therefore if the rate works for you buy now and remove the currency risk. The US$ is still under pressure and there is talk of China diversifying its reserves out of US$. However, it is proving very difficult for the US$ to make a decisive break over 1.90 [inter bank]. Therefore, again makes sense to buy if it works for your budget.

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.

Posted November 10th, 2006 by Charles Purdy

Smarts Weekly Currency Note – 10th November 2006

Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers
Weekly Currency Interbank Exchange Rates 10th November 2006

Currency
Rate Last
Week
Rate This
Week
EURO
1.493
1.487
CY£
0.857
0.855
US$
1.899
1.913
CAN$
2.145
2.164
AUS$
2.468
2.492
NZD
2.834
2.873

CHF

2.385
2.369

ZAR(Rand)

14.033
13.832

Charles’s Thoughts: Sterling lost a bit of ground following the announcement of interest rate rises on Thursday. As expected the interest rate was increased by 0.25%. However the language that accompanied the interest rate rise was non committal with regard to future direction. The market had been hoping for an indicator that rates would be raised further but as no such indicator was forth coming sterling lost ground against the Euro. We are still in a fairly benign environment for sterling so any major “loss” is unlikely in the short term

The US$ has continued to show weakness. The election results did not have a major effect on the rate as the dollar is still close to year highs. We wait to see if there is further downside for the US$, however we would not like to bet on too much further downside.

The Euro was supported by sterling’s weakness and bullish comments from members of the ECB that interest rates were still too “accommodating” [i.e. too low]. This seems to support the December increase and further ones after that. Would lend support to the argument to buy Euros now.

The rand is beginning to perk up, moving back through 14. The Gold price will be a major factor. The Australian dollar benefited from an increase in interest rates but this may the last for a while.

Why is Currency Management So Important? In the last month a large number of our clients booked forward, some short term, some much longer. They now know exactly what they are going to get so all currency risk has been removed. Nice to be able to sleep at night.

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

How much will a Property Cost? To estimate the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.

Smart Currency Exchange Limited

Posted November 10th, 2006 by Charles Purdy

Smarts Daily Currency Note – 8th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 8th November 2006

Currency

Rate

EURO

1.492

CY£

0.857

US$

1.905

CHF

2.381

CAN$

2.156

AUS$

2.475

Comments: One day closer to the Bank of England announcement on interest rates. Tomorrow is D Day. Sterling had a quite day not doing much of anything. Currency risk is best avoided. If the rate works for you then buy now!

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.

Posted November 10th, 2006 by Charles Purdy

Daily Currency Note from Smart – 10th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 10th November 2006

Currency

Rate

EURO

1.486

CY£

0.851

US$

1.915

CHF

2.368

CAN$

2.159

AUS$

2.491

Comments: 0.25% rise in UK base rates [as expected] and non committal language in the BOE’s announcement as to future directions in interest rates. As a consequence sterling lost just under a cent against the Euro. Also there were bullish noises made by members of the ECB committee saying that the currenct Euro rate was too “accommadating” [i.e. too low]. The US$ has shown a bit of weakness this morning pushing through 1.91 interbank.

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.

Posted November 7th, 2006 by Charles Purdy

Smarts Daily Currency Note – 7th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 7th November 2006

Currency

Rate

EURO

1.493

CY£

0.857

US$

1.904

CHF

2.385

CAN$

2.147

AUS$

2.464

Comments: Steady as she goes for sterling. The market seems to be waiting for the BOE meeting on Thursday. Even though manufacturing output in the UK was flat in September against expectations of slight growth, the market was not unduly affected..

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.

Posted November 6th, 2006 by Charles Purdy

Smarts Daily Currency Note – 6th November 2006

Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates 6th November 2006

Currency

Rate

EURO

1.493

CY£

0.857

US$

1.900

CHF

2.384

CAN$

2.149

AUS$

2.471

Comments: Sterling is still “flavour of the month” and close to year highs. The BOE meets this week and an interest rate rise of 0.25% is very much the expectation. I don’t expect much movement until this meeting. The key is not to hope that sterling is going to continue to move in your direction and take on an unacceptable currency risk.

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.

Posted November 3rd, 2006 by Charles Purdy

Smarts Weekly Currency Note – 3rd November 2006

Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers
Weekly Currency Interbank Exchange Rates 3rd November 2006

Currency
Rate Last
Week
Rate This
Week
EURO
1.491
1.493
CY£
0.854
0.856
US$
1.897
1.899
CAN$
2.122
2.145
AUS$
2.468
2.468
NZD
2.866
2.834

CHF

2.371
2.385

ZAR(Rand)

14.092
14.033

Charles’s Thoughts: Sterling had yet another steady week staying close to year highs against the Euro and the US$. No real news flow to affect sterling. The BOE meeting is next week. A 0.25% increase in UK interest rates is expected but it is the BOE’s view on inflation and the UK economy that is awaited with anticipation/trepidation.

The US$ has continued to show weakness. Poor economic data is leading to a consensus view that interest rates are more likely to be reduced than increased. This is hurting the US$ and short term we are unlikely to see the US$ strengthen.

The ECB met this week and held interest rates in Euro land. This was expected. However the language that accompanied the statement emphasised that the ECB will have to be vigilant in controlling inflation which underpins the likelihood of an increase in rates in November. I still think the downside risk for sterling against the Euro as being greater than the upside potential.

Limited movement in the other currencies although the Swiss franc continues to show weakness against a range of currencies given its low interest rate. Unlikely to recover while interest rates dominate the currency markets.

Why is Currency Management So Important? I’m just going to reiterate last weeks note – in a recent testimonial from a client, he detailed how he had saved £20,000 by using our service. Its wonderful to know that this money ended up in our clients pockets not the banks. They have enough money already!

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

How much will a Property Cost? To estimate the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.

Smart Currency Exchange Limited

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