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Posted September 16th, 2009 by Charles Purdy

Smart Daily Currency Note 16th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 16th September 2009
 

Currency

Rate

EURO

1.120

US$

1.646

CHF

1.699

CAN$

1.763

AUS$

1.899

Comments: Good old Mervyn King opens his mouth and down goes sterling. The Governor of the Bank of England stated that they were thinking of reducing the rate the BoE pays on on deposits held at the central bank. This is an effort to get the banks to lend rather than hoard cash. The market has various concerns. Firstly it makes good business sense for the banks to rebuild their balance sheets especially as they may have to absorb further losses in the future and to be cautious who they lend to as they don’t want to throw good money after bad. Secondly investors see this possible tactic from the BoE as quantitative easing by the back door and this is always negative for sterling. The Governor also made it clear that the road to recovery was long and hard and that the risk to inflation was to th e downside [perhaps even deflation]. Elsewhere there were robust US retails sales and positive business confidence from Germany. So sterling is continuing its downwards trend started in early August.

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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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 September 15th, 2009 by Charles Purdy

Smart Daily Currency Note – 15th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 15th September 2009
 

Currency

Rate

EURO

1.137

US$

1.661

CHF

1.721

CAN$

1.798

AUS$

1.929

Comments: A quiet day for any real news yesterday. Worries about a trade war between China and the US on the back of increased tariffs on Chinese tyres imported into the US seems highly unlikely given the small size of this market relative to the trade between the two countries. The reason why the market always worries about a possible trade war is that sanctions are often given as a key reason as to why the 1929 recession turned into a depression. As a result risk aversion increased which benefits the US$ and we also saw a bit of lustre taken off the commodity backed currencies. Sterling lost a bit of ground against the euro and is trading in a narrow range around the €1.14/£1 mark.

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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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 September 11th, 2009 by Charles Purdy

Smarts Weekly Currency Note – 11th September 2009

 
  Smart Currency Exchange – Weekly Currency Rates  
Weekly Currency Interbank Exchange Rates 11th September 2009
 

Currency
Rate Last
Week
Rate This
Week
EURO
1.145
1.143
US$
1.639
1.669
CAN$
1.776
1.793
AUS$
1.927
1.929
NZD
2.382
2.358
AED
6.020
6.129

CHF

1.738
1.731

ZAR(Rand)

12.472
12.415

Charles’s Thoughts: Sterling had a better second half to the week following the Bank of England meeting. The market was nervous following August’s meeting when they were surprised by the BoE increasing their programme of quantitative easing by £50bn. This surprise was then compounded when the minutes of the meeting were released and it was noted that the Governor of the BoE had voted for a £75bn increase rather than £50bn. So when the BoE announcement was released Thursday lunchtime and there had been no change to UK interest rates and no increase in the quantitative easing programme, sterling regained lost ground. Otherwise economic data was limited this week. Strong UK industrial production figures released on Tuesday probably means that the UK economy expanded in the three months to the end of August, the first increase for over a year.

The US$ had a bad week losing ground against most currencies including sterling and hitting a 12 month low against a basket of major currencies. A mixture of reasons have been cited from the gold price passing through US$1,000, talk about finding an alternative to the US$ as the worlds reserve currency but the most significant reason seems to be on the rise in stock markets leading to increased risk appetite and the search by investors for higher yielding assets. A bit like the UK, economic performance is improving but interest rates will be kept low for a long time.

The euro has been the main beneficiary of the US$ weakness. The European Central Bank has been successful in maintaining liquidity and keeping interest rates low in an efficient manner by having a wide range of different funding mechanisms that are easy to access. This is in stark contracts to the UK and the programme of quantitative easing. Also the eurozone as a whole is emerging from recession with Germany seeming to lead the way with German industrial production data for July showing continued improvement. But these figures show an 18% fall over the prior year which just shows how big the hole is that has been dug and how it will take a long time to fill this spare capacity.The European Central Bank met this week and kept euro interest rates on hold which was expected. The accompanying announcement by the ECB president highlighted that the eurozone faced a very gradual recovery and that it was too soon to even consider raising interest rates. This latter statement undermined the euro. Otherwise as previously reported the eurozone as a whole is emerging from recession with Germany seeming to lead the way.

The high-yield and/or commodity backed currencies had a quiet week but still remain as the strongest currencies on the market at present being propped up by the Chinese demand for commodities and the greater return sought by investors who are leaving the safe-haven positions with little to no interest on offer.

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 (+44 0207 898 0541) 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

email: Charles@SmartCurrencyExchange.com
free phone: 0808 163 0102 (if calling from outside the UK, please use +44 0207 898 0541)

   


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!

Posted September 11th, 2009 by Charles Purdy

Smart Daily Currency Note – 11th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 11th September 2009
 

Currency

Rate

EURO

1.143

US$

1.670

CHF

1.732

CAN$

1.799

AUS$

1.935

Comments: No news seems to have been good news for sterling as the Bank of England decided to do nothing at yesterdays meeting. This means that they kept interest rates on hold and did not increase their programme of quantitative easing. We now wait for the minutes of their meeting to see what the thinking is for the future. The US$ continues to fall hitting a one year low against a basket of the major currencies. This is on the back of increased risk appetite and investors wanting higher returns from elsewhere. Australian unemployment figures were worse than expected and as such has reduced expectation of increased Australian $ interest rates before the year end. Also Canada and New Zealand have confirmed that they are unlikely to increase interest rates before the middle of next year.

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

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

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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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GB

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Posted September 10th, 2009 by Charles Purdy

Smart Daily Currency Note – 10th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 10th September 2009
 

Currency

Rate

EURO

1.135

US$

1.654

CHF

1.720

CAN$

1.784

AUS$

1.924

Comments: So today is when the Bank of England meets. Interest rates are expected to be kept on hold and steady as she goes regarding quantitative easing. However sterling has been under pressure following the last BoE meeting and the surprise increase in the programme of quantitative easing by £50bn and then the even greater surprise that the Governor of the BoE had wanted to increase it by £75bn. Why it was such a surprise to the market was that following the July meeting of the BoE it was thought that no increase at all was likely for quite a while and certainly not in just one months time. Hence the surprise and the market doesn’t like surprises. On the other hand the European Central bank ahs been much more effective and subtle in supplying liquidity to the market which has be nefited the euro greatly. The one currency that continues to keep sterling company is the US$ which has lost ground on increased risk appetite.

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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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
W6 0NB
GB

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Posted September 9th, 2009 by Charles Purdy

Smart Daily Currency Note – 9th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 9th September 2009
 

Currency

Rate

EURO

1.139

US$

1.650

CHF

1.727

CAN$

1.781

AUS$

1.924

Comments: Even though strong UK industrial production figures released yesterday probably mean that the UK economy expanded in the three months to the end of August, the first increase for over a year, sterling fell against the euro. The concern is tomorrows meeting of the Bank of England and the possibility of a surprise which is undermining sterling. Sterling did enjoy an upswing against the US$ which lost ground against most currencies. A mixture of reasons have been given from increased risk appetite, the gold price breaking through US$1,000 and renewed talk on an alternative to the US$ as the worlds “reserve” currency. Whatever the reason the US$ is keeping sterling company as the least favoured currency.

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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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
W6 0NB
GB

If you no longer wish to receive communication from us:
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Posted September 8th, 2009 by Charles Purdy

Smart Daily Currency Note – 8th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 8th September 2009
 

Currency

Rate

EURO

1.140

US$

1.640

CHF

1.729

CAN$

1.762

AUS$

1.909

Comments: The next Bank of England meeting due on Thursday is acting as a drag on sterling as the market is worried that they will raise the amount of quantitative easing yet again. I think this unlikely but given we were somewhat surprised by the outcome of their last meeting the market is not going to second guess. The US$ suffered slightly on the back of increased investor confidence following the £10bn bid by Kraft for Cadbury’s and investors willingness to take on more risk. The Australian $ continues to strengthen on the back of good economic performance especially as it managed to avoid recession and the belief that it will be the first country to start raising interest rates again.

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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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 September 4th, 2009 by Charles Purdy

Smarts Weekly Currency Note – 4th September 2009

 
  Smart Currency Exchange – Weekly Currency Rates  
Weekly Currency Interbank Exchange Rates 4th September 2009

Currency
Rate Last
Week
Rate This
Week
EURO
1.134
1.145
US$
1.631
1.639
CAN$
1.764
1.776
AUS$
1.929
1.927
NZD
2.368
2.382
AED
5.990
6.020

CHF

1.721
1.738

ZAR(Rand)

12.636
12.472

Charles’s Thoughts: Sterling had a better week gaining against most currencies. There wasn’t a whole lot of economic data out this week. Although the purchasing manager’s index for manufacturing for August fell from the prior month the same survey for the services sector was positive and expanding at a faster rate than forecast. These surveys together with improved business expectations and labour shedding beginning to slow has led to hopes being raised that the UK economy could return to growth in the third quarter. But what of next week with the Bank of England holding their next meeting. The outcome from the last BoE meeting sent sterling into fast reverse so hopefully we won’t see the same thing this coming week.

The US$ had a steady week losing ground on the back of increased risk appetite. Unemployment figures for August were in line with expectations and the rate of job losses has reduced significantly from earlier in the year. However, US unemployment is now over 14 million and at 26 year highs. This is why the Federal Reserve have made it quite clear that interest rates will be kept low for the foreseeable future as the US economy is likely to recover slowly and there is still a possibility of deflation given the high level of unemployment and spare production capacity.

The European Central Bank met this week and kept euro interest rates on hold which was expected. The accompanying announcement by the ECB president highlighted that the eurozone faced a very gradual recovery and that it was too soon to even consider raising interest rates. This latter statement undermined the euro. Otherwise as previously reported the eurozone as a whole is emerging from recession with Germany seeming to lead the way.

The high-yield and/or commodity backed currencies had a quiet week but still remain as the strongest currencies on the market at present being propped up by the Chinese demand for commodities and the greater return sought by investors who are leaving the safe-haven positions with little to no interest on offer.

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 (+44 0207 898 0541) 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

email: Charles@SmartCurrencyExchange.com
free phone: 0808 163 0102 (if calling from outside the UK, please use +44 0207 898 0541)

   


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 September 4th, 2009 by Charles Purdy

Smart Daily Currency Note – 4th September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 4th September 2009
 

Currency

Rate

EURO

1.143

US$

1.633

CHF

1.732

CAN$

1.796

AUS$

1.941

Comments: Another better day for sterling. A survey of the UK services sector for August showed it expanding and at a faster rate than expected. This together with improved business expectations and labour shedding beginning to slow has raised hopes that the UK economy could return to growth in the third quarter. Also increased risk appetite from investors meant that the US$ slipped across the board. In the eurozone, the European Central Bank kept euro interest rates on hold which was expected. The announcement from the ECB president highlighted that the eurozone faced a very gradual recovery and that it was too soon to even consider raising interest rates. This undermined 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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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 September 3rd, 2009 by Charles Purdy

Smart Daily Currency Note – 3rd September 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 3rd September 2009
 

Currency

Rate

EURO

1.141

US$

1.631

CHF

1.729

CAN$

1.798

AUS$

1.948

Comments: A slightly better day for sterling. The US$ suffered as there was worse than expected data on job losses in the private sector for August and disappointing news on US factory orders. So clearly the recovery from the recession will not plain be sailing elsewhere in the world and I still believe that it will be a long and hard to recovery for all countries.

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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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
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