Weekly Currency Note from Smart Currency - 6th October 2006

Smart Currency Exchange - Weekly Currency Rates for Overseas Property Buyers

Weekly Currency Interbank Exchange Rates 6th October 2006

Currency Rate Last Week Rate This Week EURO 1.475 1.485 CY£ 0.845 0.851 US$ 1.872 1.870 CAN$ 2.093 2.106 AUS$ 2.509 2.518 NZD 2.863 2.838 CHF 2.340 2.358 ZAR(Rand) 14.566 14.663 Charles's Thoughts: The Bank of England held rates and the European Central Bank increased rates 0.25%. Sterling lost a cent following the announcement but regained it during Friday. Inflation seems to be of more concern here in the UK than in Euro land. The expectation is for a further increase in interest rates here in the UK in November and in Euro land in December. The rates in the US are likely to be kept on hold. The US$ is hovering around 1.87. The hope is for a "soft" landing in the US vis-à-vis the economy and the slow down in the housing market. With interest rates being held the hope is that other areas in the US economy and the rest of the world will take up the slack. We are still waiting for a clear direction. However, for those buying dollars we are still at a level which looks sensible for, at the very least, a proportion of your requirements. The Euro and sterling have narrowed the trading range slightly and are to oscillating between 1.47 to 1.49. The range is very narrow and I still believe there is more downside risk than upside potential in the medium term as exports will suffer if sterling becomes too strong. All the high yield and commodity currencies had a steady week 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 - 6th October 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 6th October 2006

Currency Rate EURO 1.478 CY£ 0.847 US$ 1.874 CHF 2.350 CAN$ 2.106 AUS$ 2.514 Comments: No surprises yesterday with tha Bank of England keeping rates on hold and the European Central bank raising Euro rates by 0.25%. Sterling slipped slightly. Sentiment is still in sterlings favour as inflation is seen as a greater problem here than in Euro land. However, Euro land and the BOE expect to increase rates by a 0.25% pre Christmas. 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

Smart - Daily Currency Note - 5th October 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 5th October 2006

Currency Rate EURO 1.483 CY£ 0.851 US$ 1.887 CHF 2.357 CAN$ 2.126 AUS$ 2.526 Comments: Today is D-day with the Bank of England meeting and any interest rate announcement due at midday. Yesterday sterling was fairly steady. Around the world commodity based currencies are suffering as commodity prices have pulle back. We wait to see what this afternoon brings. 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 - 3rd October 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 3rd October 2006

Currency Rate EURO 1.481 CY£ 0.850 US$ 1.888 CHF 2.348 CAN$ 2.108 AUS$ 2.523 Comments: Sterling moved slightly higher this morning. Uncertainty on whether or not the BOE will raise rates on Thursday is going to lead to greater volatility short term. The expectation is for rates to be kept on hold. So the only shock would be if rates were increased. We will have to wait and see. 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

Smart Daily Currency Note - 2nd October 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 29th September 2006

Currency Rate EURO 1.477 CY£ 0.845 US$ 1.872 CHF 2.342 CAN$ 2.097 AUS$ 2.513 Comments: Sterling was steady over the weekend. The Bank of England meets this week. The expectations are for rates to be kept on hold. So the only shock would be if rates were increased. We will have to wait and see. 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