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Posted April 17th, 2009 by Charles Purdy

Smart Daily Currency Note – 17th April 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 17th April 2009


Currency

Rate

EURO

1.131

US$

1.483

CHF

1.715

CAN$

1.797

AUS$

2.058

Comments: As investors risk appetite stuttered on the back of poor economic data worldwide, sterling’s recent run against most major currencies lost some of its momentum and the pound closed marginally lower against the euro and the US$. Chinese economic growth slowed to its lowest year on year level since records began in 1992. Euro lands industrial production fell by almost 20% year on year and US residential building fell by 10%. The only positive was that European inflation data, released in the morning, came in as expected. So a fairly gruesome picture which highlights the problems are worldwide with no hiding place. Sterling is very dependent on the financial sector and its return to health but this is going to be a slow process.

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

© 2005-2009 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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Posted April 16th, 2009 by Charles Purdy

Smart Daily Currency Note – 16th April 2009

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

Currency

Rate

EURO

1.136

US$

1.495

CHF

1.715

CAN$

1.804

AUS$

2.071

Comments: Positive UK housing data, poor US retail sales and negative sentiment towards the euro helped sterling to reach its highest level against the euro in 6 weeks and its highest point against the US$ in 3 months. The European Central Bank is expected to announce “non standard measures” at its next meeting in May in an attempt to address the economic woes being experienced throughout Europe. But one major problem that this will not address is the strong euro and its negative affect on exports and as yet we still see little significant momentum in resolving this problem. Overall, risk appetite has for the moment replaced the risk aversion which is so closely linked to the confidence in the global financial sector but with UK unemployment still expected to hit the 3 million mark by the end of the crisis and other difficulties ahead the upside for sterling may well be limited in the short-term.

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

© 2005-2009 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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London, London
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Posted April 15th, 2009 by Charles Purdy

Smart Daily Currency Note – 15th April 2009

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

Currency

Rate

EURO

1.123

US$

1.484

CHF

1.699

CAN$

1.807

AUS$

2.069

Comments: Sterling continued to benefit on improved risk appetite and rising stock markets and even reached a six week high against the euro. Tomorrow we see the release of important US economic data in the form of housing starts and permits which will highlight if the green shots we saw in the previous month have continued to grow. If not we will more than likely see a fall in risk appetite. Overall the general view is that if we can see the UK finance sector continue to gain strength then we will see sterling do the same.

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

© 2005-2009 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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Posted April 9th, 2009 by Charles Purdy

Smart Weekly Currency Note – 9th April 2009

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 9th April 2009

Currency
Rate Last
Week
Rate This
Week
EURO
1.103
1.113
US$
1.482
1.464
CAN$
1.827
1.798
AUS$
2.086
2.041
NZD
2.547
2.516
AED
5.444
5.375

CHF

1.680
1.695

ZAR(Rand)

13.424
13.316

Charles’s Thoughts: With the main focus of the week a rather predictable decision on interest rates from the Bank of England (BoE) sterling enjoyed a rather more stable period on the markets than events in previous weeks had allowed. There was no direct mention of further ‘unconventional’ monetary policy, such as quantitive easing, in the announcement and so despite a brief wobble ahead of the release sterling maintained its levels and looked to finish the week unscathed. There was little other UK economic data of note and so investor confidence and risk aversion continued to strongly influence sterling’s position on the market, closing the shortened week roughly 1% higher against the euro and fractionally down against the US$.

The US$ and its value on the markets has been almost entirely controlled by the risk-appetite/aversion phenomena recently with economic data barley showing any effect to rates of exchange regardless of how good or bad the result. However, the news of how a significant drop in imports from Asia has helped bring the US trade deficit (in February) to its lowest level in almost 10 years would certainly have been encouraging news for US economists. Other significant economic data was sparse in the wind-down to the long Easter weekend so prices against sterling were quite stable and small gains were made for the US$ against the euro.

The Euro weathered a flurry of weaker-than-expected data releases in the early part of this week as Euro-Investor confidence, Retail sales and GDP figures all disappointed. Stronger Industrial production and German trade balance figures did help the euro to stop any significant rot but by the end of the week the euro was down against both sterling and the US$. Important European Consumer Price Index figures will be released next week and given the importance of inflation in the current recession this news will be pivotal to whether the European Central Bank will be able to resist making the cut in rates so widely expected from their last meeting.

A larger than expected increase in Australian unemployment and a cut in interest rates by the Reserve Bank of Australia did not negatively affect the Australian Dollar’s value on the markets this week, perhaps in part to a marked increase in global demand for commodities. This also helped strengthen most other high-yield and/or commodity backed currencies towards the end of the week.

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

© 2005-2009 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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London, London
W6 0NB
GB

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Posted April 9th, 2009 by Charles Purdy

Smart Daily Currency Note – 9th April 2009

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

Currency

Rate

EURO

1.104

US$

1.469

CHF

1.681

CAN$

1.810

AUS$

2.062

Comments: Sterling kept steady during Wednesday’s trading hours thanks in part to a lack of significant market news and perhaps in anticipation of the decision from the Bank of England (BoE) later today. The broad expectation is for a hold in UK interest rates at 0.5%. Arguably it will be the accompanying statements and comments from the Monetary Policy Committee (MPC) members which will offer the greatest clue to their strategy for the months ahead and influence the trend for sterling longer-term. With risk appetite/aversion still the main driving force behind the values of major currencies, specifically sterling and the US$, tangible data/results showing the real benefits of measures already taken by global finance leaders will be the best news for sterling in the short/mid-term, especially with few signs of the global recession winding down.

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

© 2005-2009 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 April 8th, 2009 by Charles Purdy

Smart Daily Currency Note – 8th April 2009

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

Currency

Rate

EURO

1.113

US$

1.466

CHF

1.685

CAN$

1.823

AUS$

2.079

Comments: No news seems to have been good news for sterling as it has pushed up through €1.11/£1. We wait for the Bank of England meeting tomorrow for any potential banana skins. The expectation is that the BoE will keep UK interest rates on hold [especially as there seems to be very little benefit in taking interest rates down to 0.00%] so any different outcome will be a surprise and a shock to sterling. The US$ gained a bit of ground against sterling as it benefited form the announcement that the Fed had reached agreement with the BoE, the European Central Bank, the Bank of Japan and the Swiss National Bank to a temporary currency swap arrangement totalling US$285 billion. It seems that this is expected to limit the risk of a significant downside to the US$.

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

© 2005-2009 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 April 7th, 2009 by Charles Purdy

Smart Daily Currency Note – 7th April 2009

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

Currency

Rate

EURO

1.102

US$

1.472

CHF

1.674

CAN$

1.825

AUS$

2.059

Comments: Yesterday the US$ hit US$1.4958/£1 following the success of the HSBC’s rights issue, Britain’s largest bank. But as the stock markets began to slide, risk aversion came to the fore and this morning we wake to find the US$ sitting in the US$1.465-1.470/£1 range. Just shows how volatile exchange rates are at the moment and how when risk rises there is a flight to what is viewed as the safe haven currency the US$. The Euro oscillated around €1.10/£1. No matter what the bad news is from Euro land, sterling seems to find it very difficult to get any upwards momentum 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

© 2005-2009 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:
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Posted April 3rd, 2009 by Charles Purdy

Smart Weekly Currency Note – 3rd April 2009

 
  Smart Currency Exchange – Weekly Currency Rates for Overseas Property Buyers  
Weekly Currency Interbank Exchange Rates 3rd April 2009

Currency
Rate Last
Week
Rate This
Week
EURO
1.075
1.103
US$
1.429
1.482
CAN$
1.773
1.827
AUS$
2.067
2.086
NZD
2.510
2.547
AED
5.247
5.444

CHF

1.635
1.680

ZAR(Rand)

13.722
13.424

Charles’s Thoughts: The G20 summit in London this week had been touted during the run-up as perhaps the pivotal moment for the major powers dealing with the global recession and how we all may survive the ensuing fall-out. So far we have learnt as much about the divisions within certain camps at the meeting as we have about the actions and process for moving forward and limiting this damage. The trading week had started with sterling having lost some ground over the weekend against most major currencies but during Monday’s trading sterling rebounded higher. The positive trend for sterling continued through the week and gradually sterling’s value improved to see improvements of about 3% against the euro and 5% on the US$. Weak data elsewhere helped support sterling as almost much as some encouraging figures from the UK Purchasing Managers Index and a surprise improvement for the Nationwide House-price Index. Whether this is another false dawn for sterling is yet to be seen.

Despite the American government’s refusal to bail-out their failing automotive industry at the start of the week, a renewed sense of risk-appetite partly generated by the enormous bail-out proposals at the G20 summit, weighed on the US$. Almost all significant US economic data released this week was published on Friday and turned out largely as expected. However, the multilateral agreement needed on the proposals at the G20 summit will be hard to broker for a nation so keen on keeping the free-market de-regulated and an agreement involving all main world leaders could well be down to President Obama’s flexibility at this testing time.

The European Central Bank (ECB) surprised the markets on Thursday by cutting interest rates down by only 0.25% rather than the 0.5% widely anticipated by most parties. The euro interest rate, now at 1.25%, is at a record low in the short history single currency and in a statement shortly after the decision, JC Trichet, the president of the ECB, refused to rule out a further cut next month. With no other significant economic data for the euro released this week the euro gained marginally against the Swiss Franc and the US$ thanks to momentum carried from prior weeks’ trading.

Sterling’s positive week saw significant improvement to prices against all high-yield and/or commodity backed currencies.

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

© 2005-2009 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:
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Posted April 3rd, 2009 by Charles Purdy

Smart Daily Currency Note – 3rd April 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 3rd April 2009

Currency

Rate

EURO

1.094

US$

1.468

CHF

1.670

CAN$

1.822

AUS$

2.062

Comments: On Thursday the European Central Bank’s (ECB) decision to cut interest rates by only 0.25% when the broad consensus was to expect a cut of 0.5%, curtailed sterling’s positive run against the euro which had started on Wednesday. Sterling rise against the euro momentarily breached the €1.10/£1 level for the first time in about a month largely thanks to an unexpected improvement in the Nationwide House price index for the month of March. Weak Eurozone data including appalling figures from the Italian Budget balance, also released on Thursday morning also put pressure on the euro ahead of the euro interest rate decision at mid day. The lines in policy over how to combat the fallout of the financial crisis have been drawn between the main leaders at the G20 summit. The Franco-German on one side and the Anglo-Americans on the other. Yesterday’s decision from the ECB appears to be another example of how approaches may continue to differ until some resolution arises. Following w hat is perceived as a successful G20 summit, the US$ fell across the board as the markets seemed willing to take on greater 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.



Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2009 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!



 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 3rd April 2009

Currency

Rate

EURO

1.094

US$

1.468

CHF

1.670

CAN$

1.822

AUS$

2.062

Comments: On Thursday the European Central Bank’s (ECB) decision to cut interest rates by only 0.25% when the broad consensus was to expect a cut of 0.5%, curtailed sterling’s positive run against the euro which had started on Wednesday. Sterling rise against the euro momentarily breached the €1.10/£1 level for the first time in about a month largely thanks to an unexpected improvement in the Nationwide House price index for the month of March. Weak Eurozone data including appalling figures from the Italian Budget balance, also released on Thursday morning also put pressure on the euro ahead of the euro interest rate decision at mid day. The lines in policy over how to combat the fallout of the financial crisis have been drawn between the main leaders at the G20 summit. The Franco-German on one side and the Anglo-Americans on the other. Yesterday’s decision from the ECB appears to be another example of how approaches may continue to differ until some resolution arises. Following w hat is perceived as a successful G20 summit, the US$ fell across the board as the markets seemed willing to take on greater 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.



Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2009 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:
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Posted April 2nd, 2009 by Charles Purdy

Smart Daily Currency Note – 2nd April 2009

 
Smart Currency Exchange – Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 2nd April 2009

Currency

Rate

EURO

1.096

US$

1.455

CHF

1.665

CAN$

1.825

AUS$

2.068

Comments: The G20 summit in London this week has been widely reported for many reasons other than the agenda of the failing global economy. However, the topics discussed and the subsequent actions from the meeting will certainly influence the current and future trends for all major currencies as we learn of the details in the coming days. In the markets today sterling rose against most major currencies thanks to a marked improvement in March’s Purchasing Managers Index which acts as a gauge for manufacturing activity and future business demand. Eurozone unemployment also increased to put pressure on the euro ahead of today’s decision on interest rates. The expectation is for a cut of 0.5% in € interest rates. Anything else will be a surprise.

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

© 2005-2009 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

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