Smarts Daily Currency Note - 7th November 2006

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Free Daily Inter Bank Currency Exchange Rates 7th November 2006

Currency Rate EURO 1.493 CY£ 0.857 US$ 1.904 CHF 2.385 CAN$ 2.147 AUS$ 2.464 Comments: Steady as she goes for sterling. The market seems to be waiting for the BOE meeting on Thursday. Even though manufacturing output in the UK was flat in September against expectations of slight growth, the market was not unduly affected.. 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 Daily Currency Note - 6th November 2006

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Free Daily Inter Bank Currency Exchange Rates 6th November 2006

Currency Rate EURO 1.493 CY£ 0.857 US$ 1.900 CHF 2.384 CAN$ 2.149 AUS$ 2.471 Comments: Sterling is still "flavour of the month" and close to year highs. The BOE meets this week and an interest rate rise of 0.25% is very much the expectation. I don't expect much movement until this meeting. The key is not to hope that sterling is going to continue to move in your direction and take on an unacceptable currency 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.

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

Smarts Weekly Currency Note - 3rd November 2006

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Weekly Currency Interbank Exchange Rates 3rd November 2006

Currency Rate Last Week Rate This Week EURO 1.491 1.493 CY£ 0.854 0.856 US$ 1.897 1.899 CAN$ 2.122 2.145 AUS$ 2.468 2.468 NZD 2.866 2.834 CHF 2.371 2.385 ZAR(Rand) 14.092 14.033 Charles's Thoughts: Sterling had yet another steady week staying close to year highs against the Euro and the US$. No real news flow to affect sterling. The BOE meeting is next week. A 0.25% increase in UK interest rates is expected but it is the BOE's view on inflation and the UK economy that is awaited with anticipation/trepidation. The US$ has continued to show weakness. Poor economic data is leading to a consensus view that interest rates are more likely to be reduced than increased. This is hurting the US$ and short term we are unlikely to see the US$ strengthen. The ECB met this week and held interest rates in Euro land. This was expected. However the language that accompanied the statement emphasised that the ECB will have to be vigilant in controlling inflation which underpins the likelihood of an increase in rates in November. I still think the downside risk for sterling against the Euro as being greater than the upside potential. Limited movement in the other currencies although the Swiss franc continues to show weakness against a range of currencies given its low interest rate. Unlikely to recover while interest rates dominate the currency markets. Why is Currency Management So Important? I'm just going to reiterate last weeks note - in a recent testimonial from a client, he detailed how he had saved £20,000 by using our service. Its wonderful to know that this money ended up in our clients pockets not the banks. They have enough money already! 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

Smarts Daily Currency Note - 3rd November 2006

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Free Daily Inter Bank Currency Exchange Rates 3rd November 2006

Currency Rate EURO 1.493 CY£ 0.857 US$ 1.908 CHF 2.376 CAN$ 2.163 AUS$ 2.464 Comments: Another steady day for sterling. The US$ is still suffering. The US payroll figures are out today - are we in for some shocks. The ECB kept rates on hold but used "strong" language with regard to being vigilant against inflation which seems to underpin a December interest rate rise. 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 Daily Currency Note - 2nd November 2006

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Free Daily Inter Bank Currency Exchange Rates 2nd November 2006

Currency Rate EURO 1.494 CY£ 0.857 US$ 1.906 CHF 2.375 CAN$ 2.158 AUS$ 2.470 Comments: Steady day for sterling. Mixture of information here in the UK. Factory prices are increasing but economic performance is down. The US continues to suffer from poor economic data which is reinforcing the expectation of future rate cuts rather than rate increases. The Canadian $ suffered from a sharp sell off as there is talk of removing the special tax status for income trusts. This doesn't sound much but these trusts have investors from throughout the world and may lead to less inflows into the Canadian $. 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 Daily Currency Note - 1st November 2006

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Free Daily Inter Bank Currency Exchange Rates 1st October 2006

Currency Rate EURO 1.495 CY£ 0.857 US$ 1.906 CHF 2.374 CAN$ 2.156 AUS$ 2.464 Comments: Sterling is still close to year highs against the Euro and the US$. The US$ is suffering as concerns over economic performance are mounting which is leading to selling on bad news. Interest rate expectations are also turning to rate cuts rather than increases. Germany had an unexpected fall in retail sales which led to a bit of weakness in the Euro. The rand was buoyed by a dramatic reduction in the balance of payments for September. 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