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Posted August 31st, 2007 by Charles Purdy

Smarts Weekly Currency Note – 31st March 2007

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 31st August 2007


Currency
Rate Last
Week
Rate This
Week
EURO
1.474
1.477
CY£
0.856
0.857
US$
2.010
2.017
CAN$
2.110
2.131
AUS$
2.444
2.475
NZD
2.808
2.873

CHF

2.412
2.435

ZAR(Rand)

14.530
14.455

Charles’s Thoughts:  The markets became a bit calmer in the last few days as the news flow was less scary. But we shouldn’t get complacent as I suspect there are still significant problems out there just waiting to see the light of day and when they do the markets will move very very quickly. Debt funding is going to be a problem for the medium term which is going to constrain growth. The Bank of England has not had to pump in the huge volumes of liquidity into the market place that the Fed had to in the US and the European Central Bank in Europe. This has enhanced the BOE’s reputation but sterling is not looked at as a safe haven asset and as such will be under pressure when problems arise.

The US$ has weakened slightly and has held above the US$2 level. The flight to safety meant that US$ treasury bills became a safe haven asset. Investors were even sacred to leave their funds in banks in case they went bust! This benefited the US$ but as stability has returned we have seen the US$ slowly slide as it has significant economic difficulties; twin budget and balance of payment deficits, housing problems and now the first signs of rising unemployment. So no major upside for the US$ any time soon.

A bit of strength for sterling against the Euro towards the end of the week but this is the holiday season and volumes are low. The German banks have suffered greatly from the problems with sub prime loans being significant buyers of the securitized sub prime debts that were distributed around the world and have proved to be near enough worthless. We have truly become a global market and this has increased the volatility resulting from the recent credit crunch. I would consider buying on any short term weakness in the Euro, such as now, as it may be short lived.

The New Zealand and Australian dollars had a bad end to the week as an Australian hedge fund collapsed and another New Zealand finance company failed. We saw both these currencies push back towards the rates of a couple weeks ago.

Why is Currency Management So Important? Using a bank could cost you £3-4,000 per £100,000 transferred. Buying at the “wrong” time could cost you many £’000′s more as rates can move as much as 3% in a very short period of time. Then add in transfer costs that the banks charge for sending and receiving funds and you could be looking at additional costs of £10,000 per £100,000 transferred. By developing a currency strategy and by working with a specialist currency broker these losses could be minimised if not eliminated.

Smart Client Testimonial: “We where put in a position of getting money to Cyprus quickly. Smart Currency were fantastic, got our money to Cyprus on time. At a good rate. As it turned out the property was a nightmare – thank God we had a good independent lawyer. Don’t buy abroad without one.” Richard Johnson, Grimsby

If you haven’t opened a Smart account yet, call me on freephone 0808 163 0102 or fill out our online Account Form at: http://www.SmartCurrencyExchange.com/application.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. But note this is based on the inter bank rate so the actual cost will be slightly more.

Charles Purdy
Charles Purdy


Smart Resources

Currency Strategy Worksheet
Need help creating a Currency Strategy? Download our Currency Strategy Worksheet:
http://www.smartcurrencyexchange.com/downloads/CurrencyStrategyWorksheet.pdf

Currency Report
Have your read our 10-page Currency Report that outlines the top 3 mistakes that overseas buyers make when exchanging and transferring their money overseas? Get the report here:
http://www.SmartCurrencyExchange.com/downloads/ThreeMistakes.pdf

Currency Quotation
Are you interested in a currency rate for Euros, US$’s, CYP, NZD, or any other currency, please fill out our Smart quotation form at: http://www.SmartCurrencyExchange.com/smartquotation.htm


Smart Currency Exchange Limited

   


Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are the interbank rates and valid at a moment in time. The interbank rate is the rate at which the banks deal with each other in the foreign exchange markets. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we suggest 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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GB

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Posted August 30th, 2007 by Charles Purdy

Smarts Daily Currency Note – 30th August 2007

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 30th August 2007

Currency

Rate

EURO

1.477

CY£

0.858

US$

2.018

CHF

2.421

CAN$

2.145

AUS$

2.468

Comments:  The US$ is drifting lower as stability returns to the markets and economic data becomes more important than the flight to safe haven assets and as we know the US has an abundance of economic problems: deficits for both budgets and balance of payments and a housing market in crisis . Also sterling has gained slightly against the Euro. We are trading in a fairly narrow range and as I mentioned yesterday difficult to great upside for sterling so it makes sense to think of buying on the small moments of strength from sterling.

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.



Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are valid at a moment in time.
Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we 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!



SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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Posted August 29th, 2007 by Charles Purdy

Smarts Daily Currency Note – 29th August 2007

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 29th August 2007

Currency

Rate

EURO

1.474

CY£

0.857

US$

2.004

CHF

2.408

CAN$

2.130

AUS$

2.467

Comments:  A bit of uncertainty has crept back into the market with housing figures in the US showing a 3.2% fall in US house prices year on year. This has unnerved an already nervous market and again safe haven assets such as the Japanese yen and the Swiss franc have gained while the high yielding assets such as the Australian $ have lost ground. Economic data out of Germany shows that business confidence, although down, has held up better than expected. Needless to say the Euro lost a bit of ground early this morning! I still think that we are unlikely to see any major upside for sterling against the Euro short to medium term and therefore it may make sense to buy when we see a bit of short term strength from sterling.

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.



Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are valid at a moment in time.
Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we 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!



SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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Posted August 28th, 2007 by Charles Purdy

Smarts Daily Currency Note – 28th August 2007

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 28th August 2007

Currency

Rate

EURO

1.469

CY£

0.854

US$

2.005

CHF

2.410

CAN$

2.117

AUS$

2.434

Comments:  A bit of stability returning to the markets as the news flow [or lack of it] seems to be less scary [e.g. banks refusing to lend to each other, huge losses in special purpose lending vehicles to the sub prime mortgage sector]. Sterling has gained a bit against the US$ but lost ground to both the Euro, which continues to benefit from strong economics, and the high yield currencie s, such as the Australian $, which have suffered most during the credit crunch and the flight to safety.

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.



Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are valid at a moment in time.
Suggestions should not be taken as advice or fact. The market does what it wants to do.&n bsp; We have no crystal ball and as ever we 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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1 Hammersmith Grove
London, London
W6 0NB
GB

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Posted August 24th, 2007 by Charles Purdy

Smarts Weekly Currency Note – 24th August 2007

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 24th August 2007

Currency
Rate Last
Week
Rate This
Week
EURO
1.471
1.474
CY£
0.855
0.856
US$
1.988
2.010
CAN$
2.108
2.110
AUS$
2.508
2.444
NZD
2.883
2.808

CHF

2.391
2.412

ZAR(Rand)

14.758
14.530

Charles’s Thoughts:  Sterling had a better week. The markets have regained some equilibrium following the Feds move to reduce their lending rate to financial institutions. Also the ECB and the Fed continue to make available liquidity as and when required and in whatever size required. Any economic data released recently seems to have ignored. Sterling will continue to be under pressure while the liquidity crisis continues and safe haven such as US treasury bills are preferred.

The US$ has lost a bit of ground in the last week. Even though US treasury bonds are considered as safe haven assets the US economy still has some major p roblems so any short term and significant improvement in the US$ is unlikely.

No real change for the Euro. Less than a month ago the Euro pushed up towards Euro 1.50. Then it pulled back close to Euro 1.465. It now stands at Euro 1.471/£1 inter bank. The ECB had made it clear that interest rates would be increased next month by 0.25%. However given the volatility in the market place and the need for the ECB to supply liquidity, the market is beginning to wonder if the expected increase in Euor interest rates will happen in the short term. However, we have to remember economically that Euro land continues to leave the UK in its wake. So if you see any respite for sterling against the Euro then it may make senses to look at it as a short term buying opportunity.

The high yielding currencies, such as the Australian dollar, New Zealand dollar and South African rand, which have been most effected by the current market unease and as such the major losers staged a significant rebound during the week. However, I wouldn’t assume that these improvements will continue as the assets are still considered risky and as such will be suffer at the first sign of trouble.

Why is Currency Management So Important? Using a bank could cost you £3-4,000 per £100,000 transferred. Buying at the “wrong” time could cost you many £’000′s more as rates can move as much as 3% in a very short period of time. Then add in transfer costs that the banks charge for sending and receiving funds and you could be looking at additional costs of £10,000 per £100,000 transferred. By developing a currency strategy and by working with a specialist currency broker these losses could be minimised if not eliminated.

Smart Client Testimonial: “I thought the service provided by Smart to be helpful and efficient. It also offered competitive rates of exchange in addition to information on current trends of currency rates. I will certainly continue to use Smart’s services for future transactions” C.P. Mortimer, Lymington

If you haven’t opened a Smart account yet, call me on freephone 0808 163 0102 or fill out our online Account Form at: http://www.SmartCurrencyExchange.com/application.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. But note this is based on the inter bank rate so the actual cost will be sli ghtly more.

Charles Purdy
Charles Purdy


Smart Resources

Currency Strategy Worksheet
Need help creating a Currency Strategy? Download our Currency Strategy Worksheet:
http://www.smartcurrencyexchange.com/downloads/CurrencyStrategyWorksheet.pdf

Currency Report
Have your read our 10-page Currency Report that outlines the top 3 mistakes that overseas buyers make when exchanging and transferring their money overseas? Get the report here:
http://www.SmartCurrencyExchange.com/downloads/ThreeMistakes.pdf

Currency Quotation
Are you interested in a currency rate for Euros, US$’s, CYP, NZD, or any other currency, please fill out our Smart quotation form at: http://www.SmartCurrencyExchange.com/smartquotation.htm


Smart Currency Exchange Limited

   


Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS , ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are the interbank rates and valid at a moment in time. The interbank rate is the rate at which the banks deal with each other in the foreign exchange markets. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we suggest 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!



SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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To update your contact information:
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Posted August 23rd, 2007 by Charles Purdy

Smarts Daily Currency Note – 23rd August 2007

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 23rd August 2007

Currency

Rate

EURO

1.472

CY£

0.854

US$

1.992

CHF

2.410

CAN$

2.113

AUS$

2.446

Comments:  Sterling is still under pressure. The current uncertainty is based on the credit crunch that has resulted from the sub prime loan problems in the US. It appears that no one is quite sure where the bad debts finally lie. This seems strange and certainly difficult for the layman to understand but with the use of derivatives the bad debts were basically passed form A to B to … an d as such the market is waiting to see who has suffered the loss. Hence the flight to safety in the form of US Treasury Bills, the Japanese yen and the Swiss franc.

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.



Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are valid at a moment in time.
Suggestions should not be tak en as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we 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!



SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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To update your contact information:
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Posted August 21st, 2007 by Charles Purdy

Smarts Daily Currency Note – 21st August 2007

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 21st August 2007
 

Currency

Rate

EURO

1.469

CY£

0.854

US$

1.979

CHF

2.416

CAN$

2.099

AUS$

2.472

Comments:  The flight to safety continues to benefit the US$ as US treasury bills are being viewed as a safe and known commodity. Slightly strange given the US’s economic woes but it shows how the US$ is the world currency. Sterling will continue to be under pressure until calm returns to the market.

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.


Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

 

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are valid at a moment in time.
Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we 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!


SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
Cancel

To update your contact information:
Update

Posted August 17th, 2007 by Charles Purdy

Smarts Weekly Currency Note – 17th August 2007

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 17th August 2007
 

Currency
Rate Last
Week
Rate This
Week
EURO
1.477
1.471
CY£
0.858
0.855
US$
2.020
1.988
CAN$
2.133
2.108
AUS$
2.393
2.508
NZD
2.712
2.883

CHF

2.415
2.391

ZAR(Rand)

14.482
14.758

Charles’s Thoughts:  Sterling continues to be under pressure. The liquidity crisis is having far reaching consequences. The flight to safety has focused on the Yen, the Swiss franc and the US$ in the form of treasury bonds. UK news focussed on the Consumer Price Inflation figure for July of 1.9% being for the first time in a while less than the target rate set for the Bank of England of 2%. Also the minutes of the last BOE meeting were announced and they showed a 9 to nil vote in favour on keeping UK interest rates on hold. The market now believes that UK interest rates will be kept on hold for a while and is even wondering if the market turmoil will negate the need for a further increase. As I noted at the start, sterling is under pressure.

The US$ has made further gains against sterling. US treasury bonds are considered as safe haven assets. Given the volatility in the market place we are also seeing overseas US investment funds flowing back to the US. We wait with interest to see where the US$ strengthening stops. The US economy still has some major problems so any short term and significant improvement in the US$ is likely to be curtailed by these problems.

It was only a couple of weeks ago that the Euro pushed up to towards Euro 1.50. At one stage, at the start of last week, we were close to Euro 1.465. The ECB had made it clear that interest rates would be increased next month by 0.25%. However given the volatility in the market place and the need for the ECB to supply liquidity, the market is beginning to wonder if the expected increase in Euro interest rates will happen in the short term. However, we have to remember economically that Euro land continues to leave the UK in its wake. So if you see any respite for sterling against the Euro then it may make senses to look at it as a short term buying opportunity.

The high yielding currencies, such as the Australian dollar, New Zealand dollar and South African rand, have been the most affected by the current market unease and as such the major losers. Previously investors had borrowed in low yielding currencies such as the Japanese yen and invested in high yielding currencies such as the New Zealand dollar. Suddenly all investors have headed for the exit at the same time and caused these currencies to weaken significantly. The Canadian dollar has held its own but it has some very strong fundamentals which will support it in the short term.

Why is Currency Management So Important? Using a bank could cost you £3-4,000 per £100,000 transferred. Buying at the “wrong” time could cost you many £’000′s more as rates can move as much as 3% in a very short period of time. Then add in transfer costs that the banks charge for sending and receiving funds and you could be looking at additional costs of £10,000 per £100,000 transferred. By developing a currency strategy and by working with a specialist currency broker these losses could be minimised if not eliminated.

Smart Client Testimonial: “Smart were quick, efficient and left me totally at ease with my foreign transaction.” Lionel Irving, Scarborough

If you haven’t opened a Smart account yet, call me on freephone 0808 163 0102 or fill out our online Account Form at: http://www.SmartCurrencyExchange.com/application.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. But note this is based on the inter bank rate so the actual cost will be slightly more.

Charles Purdy
Charles Purdy


Smart Resources

Currency Strategy Worksheet
Need help creating a Currency Strategy? Download our Currency Strategy Worksheet:
http://www.smartcurrencyexchange.com/downloads/CurrencyStrategyWorksheet.pdf

Currency Report
Have your read our 10-page Currency Report that outlines the top 3 mistakes that overseas buyers make when exchanging and transferring their money overseas? Get the report here:
http://www.SmartCurrencyExchange.com/downloads/ThreeMistakes.pdf

Currency Quotation
Are you interested in a currency rate for Euros, US$’s, CYP, NZD, or any other currency, please fill out our Smart quotation form at: http://www.SmartCurrencyExchange.com/smartquotation.htm


Smart Currency Exchange Limited

   


Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK

 

© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are the interbank rates and valid at a moment in time. The interbank rate is the rate at which the banks deal with each other in the foreign exchange markets. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we suggest 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!


SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
Cancel

To update your contact information:
Update

Posted August 17th, 2007 by Charles Purdy

Regular payments, travel health card and M&S voucher winner…

  Smart Currency Exchange Newsletter  

Smart Currency Exchange Newsletter 16th August 2007
Hello!

 

How are you doing? Getting up to anything interesting this summer?

Well, I definitely have not enjoyed this great British summer – it was nice to feel the warmth on Saturday…but where has it gone? The family and I went camping in Bournemouth a few weeks ago and came back waterlogged.

What else have I been up to?! Well…I competed in the Race for Life, in aid of Cancer Research. It was a 5km run (or walk) to raise money for the charity and I am pleased to say that I beat my time from last year. However, I got quite wet in the process (surprise, surprise) and ended up with very muddy trainers. I think next year I’ll pick a race that takes place over concrete rather than through fields!

The Tomato Plant Lives: As I told you a few months ago, my daughter Megan (4 years old) came home with the task of growing a plant… and I can’t grow cress! The tomato plant is still alive! It is very tall now and even has small yellow flowers – this, I am told, is where the tomatoes grow. No tomatoes yet, and I’m not sure when there will be, but to be honest I don’t care, I’m just glad I haven’t killed it!
That’s it from me…so let me get onto things at Smart Currency Exchange. Please read below for the following:

- Smart’s new home (change of address details)

– Update on the Smart Regular Payment service

– This months Mark & Spencer’s Winner – Is it you?

– The Smart Blog

– Travelling Overseas Soon – Do you have your health card?

– What do Smart Clients have to Say about the Smart Service?


Please read on…and if there is anything I can help you with regarding exchanging money from ANY destination to and from the UK, please let me know. If want to make a bank to bank transfer – think Smart!


Smart Smiles,


Rebecca Stubbs
Client Relationships
Smart Currency Exchange Limited
Phone: 0207 898 0541


The NEW Smart Home!

We outgrew our old offices due to a huge increase in new clients. As mentioned on our website and in our literature, we do not advertise in glossy magazines or send marketing gimmicks (like stress balls, pens etc…) HOWEVER, we do provide a great service and the best possible rates for our clients. Because of this we receive an incredible amount of word-of-mouth recommendations – this has helped Smart to doubled in size over the last few months.


Our new address is:
1 Hammersmith Grove, London, W6 0NB.


If you sent anything to our old address, we do have a divert in place, so…no worries! Please stop by any time – we can have a coffee and chat about the rates!


Smart Regular Payment Service

While I have your attention (I hope!), I’d also like to bring to your notice the fact that Smart Currency Exchange Ltd offers a regular payment service. With our regular payment service you can send small amounts of currency overseas for mortgage payments, pensions and in fact any other reason.

The funds must go from our bank (your Smart Client Account) to your overseas bank or a beneficiary bank. As long as we have your onward transfer details, all you need to do is set up a standing order each month/quarter/every 6 months to send the funds. We can reserve a set currency exchange rate for payments up to 12 months, so you know exactly what rate you will achieve each month.

The Smart regular payment service only costs an admin fee of £5.00 for all transfers in Europe AND, in the usual Smart way, you’ll get the best possible rate. Most high street banks charge £20 for the transfer and offer very uncompetitive rates. The fee for outside Euro-land do vary. Please contact us for more information on the Smart hotline freephone: 0808 163 0102.

Mark & Spencer’s Winner!

This Months £250.00 Marks & Spencer’s Winner is…


Peter and Audrey-Rose Thompson
– From Essex -


Your vouchers will be in the post – so keep an eye out for them!

If you are unaware of our Smart refer-a-friend competition, it is a monthly draw we hold for people who have referred friends/ family/ colleagues to us who have signed up to benefit from our service.
So if you know of anyone, then please email me their details at:

mailto:Rebecca@SmartCurrencyExchange.com

The Smart Blog

Have you heard about Blogs yet? They’re the latest hot thing on the Internet. Blogs are ‘journals’ or spaces on the Internet where you can write information, post pictures or have videos and all sorts. They’re a way for anyone to have their own space on the Internet. We’ve decided to give it a go and, although we’ve published our daily rates on a blog for ages, we’ve just created three new weekly blogs. Perhaps you could look at one that interests you and let us know what you think?

Daily Popular Currency Rates: http://smartcurrencyexchange.blogspot.com

Weekly Euro Rate & Comments: http://smartcurrencyexchangeeuro.blogspot.com

Weekly US$ Rate & Comments: – http://smartcurrencyexchangeusdollar.blogspot.com

Weekly CY£ Rate & Comments: – http://smartcurrencyexchangecypriotpound.blogspot.com

Travelling Overseas – Do you have YOUR European Health Insurance Card?

You can apply online for it at: https://www.ehic.org.uk/Internet/home.do

EHIC Information Service provides helpful and convenient information to British Citizens regarding the European Health Insurance Card (EHIC).

The EHIC can be used to cover any necessary medical treatment due to either an accident or illness within the European Economic Area (EEA). The card entitles the holder to state-provided medical treatment within the country they are visiting and the service provided will be the same as received by a person covered by the country’s ‘insured’ medical scheme.

Posted August 16th, 2007 by Charles Purdy

Charles@SmartCurrencyExchange.com

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 16th August 2007
 

Currency

Rate

EURO

1.478

CY£

0.859

US$

1.985

CHF

2.416

CAN$

2.150

AUS$

2.481

Comments:  The US$ is one of the main beneficiaries of the current credit squeeze as the US treasury bonds are becoming ever more popular. Also we are seeing repatriation of US$ as investors cover their losses from profits elsewhere. The high yielding currencies, such as the Australian dollar, New Zealand dollar and South African rand, have been the most affected by the current market unease and as such the major losers. Previously investors had borrowed in low yielding currencies such as the Japanese yen and invested in high yielding currencies such as the New Zealand dollar. Suddenly all investors have headed for the exit at the same time and caused these currencies to weaken significantly.

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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© 2005-2007 Copyright  Smart Currency Exchange Ltd

THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS).

Disclaimer

Exchange rates can move very quickly. The above rates are valid at a moment in time.
Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we 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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