Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted November 27th, 2009 by Charles Purdy

Smart Weekly Currency Note – 27th November 2009

 
  Smart Currency Exchange – Weekly Currency Rates  
Weekly Currency Interbank Exchange Rates 27th November 2009
 


Currency
Rate Last
Week
Rate This
Week
 
EURO
1.110
1.101
US$
1.650
1.649
CAN$
1.767
1.752
AUS$
1.803
1.814
NZD
2.277
2.318
AED
6.061
6.060

CHF

1.679
1.660

ZAR(Rand)

12.512
12.210

Charles’s Thoughts:

Some ups and downs for sterling this week. We had a slight revision upwards of the growth figures for the UK economy in the third quarter. But instead of growth we were still seeing the UK economy contract. The belief is that we will see the economy grow in the current quarter and the Bank of England has forecast growth of 2.2% in 2010 and 4.1% in 2011. But as highlighted by the Chairman of the BoE this is off a low base and the current recovery was not particularly strong and is subject to some profound challenges ongoing. Also the BoE will at some point in time have to sell the bonds that it has bought as part of its quantitative easing programme back to the market and raise interest rates. But given the current problems this will not be for quite a while.

Sometimes people don’t realise how quickly exchange rates can move and how far they can move in a short period of time. This week the US$ gave a very good demonstration of what can happen. If you look at the table above the US$/£ exchange rate is very close at the end of the week to where it started the week. But at the start of the week on the back of positive market sentiment the US$ weakened and reached US$1.67/£1 inter bank. Then we had the problems in Dubai and their six month moratorium on the huge debts they owe and risk aversion came to the fore. In the space of a day we saw the US$ strengthen to US$1.63/£1. A 2.5% movement in 24 hours. We still live in volatile times where anything can happen and often does.

The euro zone continues to see its economy recover. Both the purchasing managers indices for manufacturing and services for the euro zone continue to increase and are running well ahead of the level seen in the third quarter. Sterling lost value on the back of the problems in Dubai and the increase in risk aversion. But the €/£ exchange rate continues to move in a fairly narrow arrange so we wait to see a clear direction.

A mixed week for the commodity backed currencies. At the start of the week we saw them strengthen as Russia announced it was going to diversify part of its currency reserves into Canadian $’s. This of course strengthened the Canadian $ but also had a knock on affect on other commodity backed currencies. However the Dubai debt problem led a flight to safe haven assets and saw them fall back.

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:
Cancel

To update your contact information:
Update

Leave a Reply

You must be logged in to post a comment.

Posted November 27th, 2009 by Charles Purdy

Smart Daily Currency Note – 27th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 27th November 2009
 

Currency

Rate

EURO

1.099

US$

1.631

CHF

1.659

CAN$

1.752

AUS$

1.821

Comments: Risk aversion is the order of the day as the problems in Dubai and their six month moratorium on debt repayments led to a flight from high risk assets to less risky assets such as the US$. Just shows we are far from out of the woods when it comes to the current crisis and recession and why most if not all of the central banks remain cautious and highly accommodative by keeping interest rates low. Sterling and the euro continue to trade in a narrow range albeit sterling is at the lower end of this range as I write.

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 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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 November 26th, 2009 by Charles Purdy

Smart Daily Currency Note – 26th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 26th November 2009
 

Currency

Rate

EURO

1.097

US$

1.654

CHF

1.655

CAN$

1.742

AUS$

1.800

Comments: The US$ fell to a sixteen month low against a basket of major currencies as the Russians detailed how they were going to diversify some of their foreign currency reserves into Canadian $’s. This lent support to other commodity backed currencies. Here in the UK revisions to third quarter UK gross domestic product were in line with expectations showing a slight improvement. But this didn’t help stop sterlings decline 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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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 November 25th, 2009 by Charles Purdy

Smart Daily Currency Note – 25th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 25th November 2009
 

Currency

Rate

EURO

1.113

US$

1.671

CHF

1.680

CAN$

1.760

AUS$

1.803

Comments: This morning we have seen a slight recovery for sterling following a so so day yesterday. Good news yesterday on German business confidence lifted hopes for a steady recovery in the euro zone over the coming months which boosted the euro. We also saw increased risk aversion support the US$. Risk aversion rose as it seemed banks worldwide were looking for additional capital including our very own Lloyds Bank which has gone cap in hand for another £13bn plus. But overall the downside pressure doesn’t seem as acute as it was in the summer 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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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 November 24th, 2009 by Charles Purdy

Smart Currency Exchange FSA Registration

Dear Charles,

How are you? Getting into the festive spirit yet? Each year it seems to start earlier and earlier! My two daughters have already started asking me, 'guess what we got you for Christmas dad?!?' Argh!

Anyway – I have three very important things to tell you about:

As of the 1st November 2009 Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.
Our Terms & Conditions have changed.

Our website has been updated, improved and is full of more valuable information!

So…let me start with the FSA stuff – what does it mean to you?

A new Payment Services Regulation (PSR) has come into effect that has had an impact on many financial institutions. You may have noticed your bank sending you updated terms and conditions – this is the reason why! The new regulations apply to banks and non-banking payment service providers such as Smart Currency Exchange Ltd.

From now on Smart Currency Exchange will be regulated by the Financial Services Authority (FSA) under the new Payment Services Regulations 2009. The regulations cover the safeguarding of clients funds and payments made by us.

From your perspective you won't notice any difference when undertaking a transaction with us as, for the most part, we already met or exceeded the new standards that have been set by the FSA. If anything, the new regulation brings more peace of mind and a greater feeling of security.

To confirm Smart Currency Exchange Ltd regulation with the FSA, you can go to the following website and enter our unique number 504509: http://www.fsa.gov.uk/register/psdFirmSearchForm.do

It's definitely advisable that you only work with currency specialists that are regulated. And please keep in mind that Smart is also regulated by HM Customs & Excise. Since 2005 we've helped well over 11,500 clients to safely and effectively save money when moving money in and out of the UK.

Regarding our new Terms & Conditions, please see:

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

Finally – when you get a chance please check out our new website. We've spent quite a bit of time adding loads of case studies, examples of ways we can help and little features that will allow you to get a quote, request a call back and soon…we might have a bit of a video! Watch this space.

New website: www.SmartCurrencyExchange.com Please send your feedback if you have any – I would really appreciate your thought.

That's all for now…if you have any upcoming international payments, whether they're large lump sums or small regular payments (e.g. £500 per month or over), please give us a ring so that we can help you to save money.

Best wishes,

Charles Purdy
Director
Smart Currency Exchange Ltd
Phone: 0207 898 0541
Fax: 0870 285 0365
http://www.SmartCurrencyExchange.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"The UK's 1st (and Only) Currency Exchange Service
Dedicated Exclusively to Overseas Property Buyers"

To get your complimentary report go to:
www.SmartCurrencyExchange.com/freereport.htm

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

SCE/OGC

1 Lyric Square
London, London
W6 0NB
GB

If you no longer wish to receive communication from us:
http://autocontactor.com/app/r.asp?ID=46056571&ARID=0&D=

To update your contact information:
http://autocontactor.com/app/r.asp?c=1&ID=46056571&D=

Posted November 24th, 2009 by Charles Purdy

Smart Daily Currency Note – 24th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 24th November 2009
 

Currency

Rate

EURO

1.108

US$

1.654

CHF

1.675

CAN$

1.758

AUS$

1.801

Comments: Yesterday we had positive economic data out of the euro zone which showed that both their manufacturing and services sectors had expanded in November. The markets see this as a further indication that business is inching its way back to “normal”. I must admit I am not sure what normal is given what we have been through but any positive economic data must be of help. The US$ lost a bit of ground on increased risk appetite as equity markets and commodity prices rose. In the US there was a jump in existing home sales of over 10% for October but this was tempered by continued caution from the Federal Reserve with one of its members asking for a continuation of their quantitative easing programme past March 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 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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 November 20th, 2009 by Charles Purdy

Smart Weekly Currency Note – 20th November 2009

 
  Smart Currency Exchange – Weekly Currency Rates  
Weekly Currency Interbank Exchange Rates 20th November 2009
 

Currency
Rate Last
Week
Rate This
Week
 
EURO
1.117
1.110
US$
1.669
1.650
CAN$
1.750
1.767
AUS$
1.789
1.803
NZD
2.244
2.277
AED
6.133
6.061

CHF

1.688
1.679

ZAR(Rand)

12.345
12.512

Charles’s Thoughts:

Sterling is moving in a fairly narrow range against a wide range of currencies. It is the speed of movement between the extremes of this narrow range which makes it difficult to assess when best to do a transaction. The key UK releases this week were firstly the Bank of England minutes and secondly the level of government borrowing for October. The BoE minutes identified that 7 of the 9 members of the BoE committee voted for an increase in the quantitative easing programme by £25bn to £200bn. The expectation now is that any further possible increase will probably have to wait until February 2010. The other point discussed by the BoE was reducing the rate at which the BoE paid interest on funds deposited with it but they decided against this. The market views is that this is quantitative easing by the back door so became slightly disconcerted which is always sterling negative. The level of government borrowings increase in October exceeded £ 11bn. Just shows the extent of the problems facing the government. Although there was a lack of positive news this week sterling didn’t crumple.

There was no unexpected economic news from the US and for the 101st time the Federal Reserve stated that US interest rates were going to be held at current low levels for the foreseeable future. What was unusual though was the Chairman of the Federal Reserves comment that he favoured a strong US$. This was unusual as he very rarely comments on the US$ as this is the remit of the US Treasury. Therefore the market took note and we saw the US$ benefit during the course of the week.

The euro continues to be strong against most currencies. The European Central Bank sees the euro zone economy to be on the up and is expected to increase its growth forecasts for the euro zone for 2010 to be released in December. But they know they have to be ever vigilant. Inflation seems to be increasing but will take quite a while to reach the targeted level of 2%.

There was a pull back in the commodity backed currencies. The New Zealand government highlighted the problems of having too strong a currency and how this was affecting negatively their recovery from the world wide recession. This fed through to the other commodity backed and/or high yield 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 (+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:
Cancel

To update your contact information:
Update

Posted November 20th, 2009 by Charles Purdy

Smart Daily Currency Note – 20th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 20th November 2009
 

Currency

Rate

EURO

1.113

US$

1.656

CHF

1.682

CAN$

1.766

AUS$

1.809

Comments: Sterling suffered as it was revealed that the government borrowing rose unexpectedly sharply in October to £11.4bn. I think this highlights how parlous the state of the UK economy is and I believe it is going to get worse before it gets better. Unemployment is still rising and the UK economy is yet to start growing again. But even though sterling suffered it didn’t lose that much value which I believe is a good sign for it longer 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.

Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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 November 19th, 2009 by Charles Purdy

Smart Daily Currency Note – 19th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 19th November 2009
 

Currency

Rate

EURO

1.122

US$

1.667

CHF

1.698

CAN$

1.771

AUS$

1.815

Comments: Sterling fell back yesterday morning following the release of the minutes of the last meeting of the Bank of England’s monetary policy committee. These minutes highlighted their discussion on lowering interest rates even further on what they pay on deposits held with the BoE. The aim would be to get the financial system to pump extra funds/liquidity into the economy. This is quantitative easing by the back door and that is why sterling suffered. But sterling did slowly recover during the course of the day which can be taken as a positive.

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 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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 November 18th, 2009 by Charles Purdy

Smart Daily Currency Note – 18th November 2009

 

Smart Currency Exchange – Daily Currency Rates

 

 
Daily Inter Bank Currency Exchange Rates 18th November 2009
 

Currency

Rate

EURO

1.125

US$

1.682

CHF

1.701

CAN$

1.765

AUS$

1.803

Comments: UK inflation figures came in much as expected showing an increase in inflation to 1.5% when including mortgage and housing costs and a reduction in deflation when excluding these items. The increase is thought to be a one off and we should see a fall back in the coming months but it did give support to sterling, especially against the euro, as the market thought it may be an indicator that quantitative easing will not be increased form the current £200bn ceiling. The US$ benefited from comments made as to the US$’s current weakness by the Federal Reserve Chairman. For the Chairman to comment is highly unusual and made the market think about the US$ which benefited from closer scrutiny with the €.

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 0541)

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus