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Posted January 16th, 2009 by Charles Purdy

Smart Weekly Currency Note – 16th January 2009

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 16th January 2009


Currency
Rate Last
Week
Rate This
Week
EURO
1.124
1.120
US$
1.517
1.483
CAN$
1.802
1.850
AUS$
2.157
2.206
NZD
2.563
2.720
AED
5.572
5.450

CHF

1.690
1.661

ZAR(Rand)

14.891
14.850

Charles’s Thoughts: Following record week-on-week gains against the euro last week, sterling had a steady week ending only marginally down against the euro. Persistently poor domestic data reduced sterling’s gains during the week. The growing UK trade deficit, weaker-than-expected retail sales and more high-street names going into administration will have limited sterling’s chances of strengthening against other major currencies.

The US$ was initially buoyed by positive US trade balance figures this week but significant gains were pared back by poor US retail sales data and by Friday the US$ was heading back towards last weeks closing rates against sterling. There was also the announcement of yet another bail-out plan from the American government, this time to invest billions more tax-payer dollars into the Bank of America in exchange for preferred stock and protected loans. A good measure of the uncertainty within global markets at present is the resilience of the US$. Record low levels of inflation and persistent poor economic data have not apparently harmed the US$’s status as the world’s favourite reserve currency at times of crisis.

The big news in the European markets this week was the cut of 0.5% in euro interest rates by the European Central Bank (ECB) down to 2% on Thursday. As the likelihood of this cut increased during the week, the euro lost substantial ground against most major currencies and ended the week significantly lower against the US$. It was perhaps for this reason that JC Trichet, the president of the ECB, stated that future cuts to interest rates will not be considered for next month’s ECB meeting. The outlook for Europe has become substantially bleaker as there is a stronger realisation of how poor economic conditions are in several of the key member. This could be a bad year for the euro.

Against the high-yield and/or commodity backed currencies, sterling made substantial gains, closing out the week up on the Australian, New Zealand and Canadian dollars.

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: “Thank you for making our transactions go so smoothly. As promised, our account was opened within hours. Your traders were pleasant and efficient, and each transaction was very much at the exchange rate I expected…ie not a million miles away from the inter-bank rates and certainly much better than my high street bank could quote. All in all, an easy experience and we will have absolutely no hesitation in recommending your services to any of our friends buying property abroad.” Ian Pritchard

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 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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 trouble!





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Posted January 16th, 2009 by Charles Purdy

Smart Daily Currency Note – 16th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 16th January 2009

Currency

Rate

EURO

1.117

US$

1.478

CHF

1.655

CAN$

1.841

AUS$

2.192

Comments: In keeping with expectations the European Central Bank (ECB) cut rates yesterday by 0.5 % to 2%. There was no major movement on market prices for the euro. The ECB stated that considerations on future cuts to European interest rates would be left until March whilst they gauge the effect of the current adjustment. There were marginal gains for sterling against the euro and against the US$ sterling closed relatively unchanged.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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Posted January 15th, 2009 by Charles Purdy

Smart Daily Currency Note – 15th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 15th January 2009

Currency

Rate

EURO

1.109

US$

1.460

CHF

1.634

CAN$

1.818

AUS$

2.216

Comments: Sterling closed relatively unchanged against the US$ and fractionally up against the euro in a generally uneventful day for market information. Poorer than expected US retail sales data saw the US$ slide marginally against most currencies and the release of the ‘Beige Book’ -a 6 week summary of US economic conditions did little to move the markets. Today’s decision from the European Central Bank (ECB) on interest rates and thoughts on future policy will be the main focus of the day ahead. With very few people seeing any ‘green shoots of recovery’ in the UK economy a large cut beyond the expected 0.5% from the ECB could well be a welcome boost for sterling’s value against the euro.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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Posted January 14th, 2009 by Charles Purdy

Smart Daily Currency Note – 14th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 14th January 2009

Currency

Rate

EURO

1.107

US$

1.464

CHF

1.637

CAN$

1.785

AUS$

2.171

Comments: Sterling maintained a steady downward trajectory against most currencies yesterday following the release of poor retail sales and housing data as well as further evidence of the poor state of British industry given the level of the trade balance deficit in the month of November 2008. Such a poor result in exported goods from the UK whilst sterling is so weak against the US$ and € would certainly have been a big disappointment for UK economists looking for positives from the current low position of sterling. However, US figures showing a fall in their trade balance deficit helped the US$ close higher against sterling and the euro.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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Posted January 13th, 2009 by Charles Purdy

Smart Daily Currency Note – 13th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 13th January 2009

Currency

Rate

EURO

1.107

US$

1.468

CHF

1.640

CAN$

1.796

AUS$

2.194

Comments: Sterling declined steadily throughout the day yesterday and closed down against most major currencies. The UK trade deficit which has grown considerably over the past year and widened further in the last months of 2008 according to figures released yesterday. It was a quiet day for market data otherwise and whether last weeks ‘record week-on-week gains’ against the euro were another false dawn for sterling or a genuine sign of an improving trend will hopefully become clear from the European Central Bank’s decision on interest rates on Thursday.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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To update your contact information:
Update

Posted January 10th, 2009 by Charles Purdy

Smart Weekly Currency Note – 10th January 2009

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 10th January 2009

Currency
Rate Last
Week
Rate This
Week
EURO
1.044
1.124
US$
1.445
1.517
CAN$
1.755
1.802
AUS$
2.042
2.157
NZD
2.467
2.563
AED
5.309
5.572

CHF

1.562
1.690

ZAR(Rand)

13.492
14.891

Charles’s Thoughts: Sterling gained against most major currencies this week with substantial gains made against the euro. The Bank of England’s (BoE) much expected cut of 0.5%, bringing UK interest rates down to an all-time record low of 1.5% had already been factored in and did nothing to harm sterling’s positive start to the week. It will be interesting to see if sterling can maintain the momentum of this week in the coming weeks. The increasing speculation towards European interest rates being cut by the European Central Bank saw sterling rise approximately by 6% by the time the BoE had announced their cut. So now the onus has shifted to next week’s decision in Europe to see what the trend between sterling/euro might be and whether the effects of the credit crunch in the Eurozone will finally level the playing field for sterling.

Important US Non-Farm Payroll figures released on Friday were much as expected but poor enough to have weakened the US$ by more than 4% since markets opened on Monday. Barak Obama also revealed yet another American rescue plan/stimulus package which promises to pump billions of consumers’ and tax-payers’ dollars into failing sectors of the US economy. It was all in the name of “saving consumers and taxpayers billions” of dollars on consumer staples such as energy bills but the continuing irony of state-intervention in US business is seemingly lost on also the president elect as well as with the soon-to-depart incumbent president Bush.

European reports and estimates for inflation have weighed heavily on the euro this week. Growing expectations of future interest rate cuts in Europe, with the next scheduled meeting on Thursday, will hopefully be welcomed as good news for people looking to buy euros from sterling in the coming months. Economic data releases are persistently poor and the unavoidable effects of the credit crunch seem to be finally chipping away against the resilient euro.

Sterling made broad gains against the high-yield and/or commodity backed currencies, rising by over 4% against the Australian, New Zealand and Canadian dollars.

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: “Thank you for making our transactions go so smoothly. As promised, our account was opened within hours. Your traders were pleasant and efficient, and each transaction was very much at the exchange rate I expected…ie not a million miles away from the inter-bank rates and certainly much better than my high street bank could quote. All in all, an easy experience and we will have absolutely no hesitation in recommending your services to any of our friends buying property abroad.” Ian Pritchard

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 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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 trouble!



SCE/OGC

1 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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To update your contact information:
Update

Posted January 10th, 2009 by Charles Purdy

Smart Weekly Currency Note – 10th January 2009

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 10th January 2009

Currency
Rate Last
Week
Rate This
Week
EURO
1.044
1.124
US$
1.445
1.517
CAN$
1.755
1.802
AUS$
2.042
2.157
NZD
2.467
2.563
AED
5.309
5.572

CHF

1.562
1.690

ZAR(Rand)

13.492
14.891

Charles’s Thoughts: Sterling gained against most major currencies this week with substantial gains made against the euro. The Bank of England’s (BoE) much expected cut of 0.5%, bringing UK interest rates down to an all-time record low of 1.5% had already been factored in and did nothing to harm sterling’s positive start to the week. It will be interesting to see if sterling can maintain the momentum of this week in the coming weeks. The increasing speculation towards European interest rates being cut by the European Central Bank saw sterling rise approximately by 6% by the time the BoE had announced their cut. So now the onus has shifted to next week’s decision in Europe to see what the trend between sterling/euro might be and whether the effects of the credit crunch in the Eurozone will finally level the playing field for sterling.

Important US Non-Farm Payroll figures released on Friday were much as expected but poor enough to have weakened the US$ by more than 4% since markets opened on Monday. Barak Obama also revealed yet another American rescue plan/stimulus package which promises to pump billions of consumers’ and tax-payers’ dollars into failing sectors of the US economy. It was all in the name of “saving consumers and taxpayers billions” of dollars on consumer staples such as energy bills but the continuing irony of state-intervention in US business is seemingly lost on also the president elect as well as with the soon-to-depart incumbent president Bush.

European reports and estimates for inflation have weighed heavily on the euro this week. Growing expectations of future interest rate cuts in Europe, with the next scheduled meeting on Thursday, will hopefully be welcomed as good news for people looking to buy euros from sterling in the coming months. Economic data releases are persistently poor and the unavoidable effects of the credit crunch seem to be finally chipping away against the resilient euro.

Sterling made broad gains against the high-yield and/or commodity backed currencies, rising by over 4% against the Australian, New Zealand and Canadian dollars.

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: “Thank you for making our transactions go so smoothly. As promised, our account was opened within hours. Your traders were pleasant and efficient, and each transaction was very much at the exchange rate I expected…ie not a million miles away from the inter-bank rates and certainly much better than my high street bank could quote. All in all, an easy experience and we will have absolutely no hesitation in recommending your services to any of our friends buying property abroad.” Ian Pritchard

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 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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 trouble!



SCE/OGC

1 Lyric Square
London, London
W6 0NB
GB

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

To update your contact information:
Update

Posted January 9th, 2009 by Charles Purdy

Smart Daily Currency Note – 9th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 9th January 2009

Currency

Rate

EURO

1.108

US$

1.516

CHF

1.657

CAN$

1.797

AUS$

2.157

Comments: A much expected cut of 0.5% in UK interest rates saw sterling make brief gains against the euro and the US$. However, the gains were pared back by the end of the trading day. Interest rates are now at their lowest in the 315 year history of the Bank of England and with the news of the cut came the press releases from the major high-street lenders on whether or not this cut would be passed on to their customers. Saving face in a climate where the banks and lenders are being blamed for the crisis (if not being held accountable) the banks have, for the most part, agreed to lower their lending/mortgage rates.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

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

To update your contact information:
Update

Posted January 8th, 2009 by Charles Purdy

Smart Daily Currency Note – 8th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 8th January 2009

Currency

Rate

EURO

1.108

US$

1.506

CHF

1.658

CAN$

1.812

AUS$

2.147

Comments: Sterling closed up against the euro for the third consecutive day yesterday and gained on the US$ in its best run for some weeks. European inflation data and figures showing the increase in German unemployment for the first time in three years added to a renewed sense of nervousness in Europe regarding their economic outlook for 2009. The US$ fell against sterling with news of another fall in US mortgage applications as well as the growing expectation for further economic contraction in the coming months. The Bank of England’s decision on interest rates will be released later today and could well prove pivotal to sterling’s performance in the coming months.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
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To update your contact information:
Update

Posted January 7th, 2009 by Charles Purdy

Smart Daily Currency Note – 7th January 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 7th January 2009

Currency

Rate

EURO

1.104

US$

1.502

CHF

1.658

CAN$

1.778

AUS$

2.084

Comments: European inflation data, released yesterday, added extra weight to the expectations that the European Central Bank (ECB) will be forced to lower interest rates in the coming months. J.C Trichet, the president of the ECB, had suggested over previous weeks that there would be a more tentative approach with monetary policy going forward but now met with the same prospect of the UK economy, in under-shooting inflation, the ECB may be forced to come in-line with other ailing economies whom have cut rates dramatically over the last year. This has been a welcome fillip for sterling’s value against the euro and has also contributed to the euro’s lowest levels against the US$ since mid December.

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 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2008 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 Lyric Square
London, London
W6 0NB
GB

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

To update your contact information:
Update

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