Daily Currency Note from Smart - 7th September 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates

Currency Rate EURO 1.470 CY£ 0.842 US$ 1.883 CHF 2.337 CAN$ 2.083 AUS$ 2.466 Comments: No real news to shake the market. Sterling continued its slid against the Euro. The rate is still good when compared to the first half of this year. The US$ moved to the lower part of its trading of 1.88-1.90 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Daily Currency note : 6th September 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates

Currency Rate EURO 1.478 CY£ 0.847 US$ 1.894 CHF 2.337 CAN$ 2.106 AUS$ 2.464 Comments: Sterling slid slowly during the day against the Euro and held within its trading of 1.88-1.90 to the US$. I expect the slide against the Euro to continue. However I don't expect the slide to be all the way back to 1.43/44 but there is still more downside than upside potential. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Daily Currency Note from Smart Currency

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates

Currency Rate EURO 1.481 CY£ 0.849 US$ 1.901 CHF 2.343 CAN$ 2.107 AUS$ 2.472 Comments: Sterling drifted slightly lower against the Euro and held its position against the US$. I know I will sound like a broken record [for those who can remember what records are] but I still believe that for sterling against the Euro that the downside risk is greater than the upside potential. We are at year highs and the economic position and interest rate expectations are no more positive here than in Euroland. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smarts Weekly Currency Note - 1st September 2006

Smart Currency Exchange - Weekly Currency Rates for Overseas Property Buyers

Weekly Currency Interbank Exchange Rates

Currency Rate Last Week Rate This Week EURO 1.480 1.484 CY£ 0.848 0.852 US$ 1.888 1.897 CAN$ 2.095 2.098 AUS$ 2.474 2.485 NZD 2.964 2.913 CHF 2.341 2.348 ZAR(Rand) 13.088 13.748 Charles's Thoughts: Sterling had a steady week against the Euro and US$. Still close to year highs and the rest of the world seems to be looking at us using rose tinted glasses and seeing a vibrant economy plus high interest rates. Difficult to believe that this is the reality if you live here! We are coming out of the holiday season so trading volumes will pick up. The US$ is still in its range of 1.88-1.90. We must be into our fourth week of this very narrow trading range and as I have said before it is difficult to determine which direction we will break out but one day we will and I suspect it will be significant. At the very least hedge some of your requirements for dollars. The Euro was steady. We are pushing at highs which we have approached 6 or 7 times in the last 18 months. Only once have we broken through and that followed the NO vote by France and the Netherlands on the Constitution. An exceptional event. More downside risk than upside potential for sterling vs. the Euro. It seems a good time to buy. The rand has shown weakness on the back of poor economic figures. If we see a rebound from Gold then we could see a quick reverse. Other high yield currencies have been stable. Why is Currency Management So Important? Exchange rates never do what you want them to do. The rate is moving in your direction, all economic information seems to indicate that this will continue for the foreseeable future but suddenly (and instantaneously) the market reverses on you. All you see flash before your eyes are £ signs. This is why it is vital to set a budget/target exchange rate which is realistic and grab it when it is available. The rate may continue in your direction but experience has taught me that although annoying for this to happen it is a lot less painful than an actual loss. Open an account today by calling me on 0870 285 0364 or fill out our online quotation form at: http://www.smartcurrencyexchange.com/smartquotation.htm How much will a Property Cost? To estimate the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above. Smart Currency Exchange Limited

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Daily Currency Note - 1st September 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates

Currency Rate EURO 1.487 CY£ 0.852 US$ 1.904 CHF 2.345 CAN$ 2.107 AUS$ 2.492 Comments: Sterling still showing strength and holding its position against the Euro and the US$. I am still fearful that the downside risk is greater than the upside potential, certainly for 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com