Wednesday, December 06, 2006

Smarts Daily Currency Note - 6th December 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates6th December 2006

Currency

Rate

EURO

1.480

CY£

0.850

US$

1.965

CHF

2.351

CAN$

2.246

AUS$

2.499

Comments: A bit of weakness from sterling against all currencies this morning including the US$. Unsure if this is a short term respite for the US$. Still a lot of negative comments and unlikley to rebound short 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.








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Tuesday, December 05, 2006

Smarts Daily Currency Note - 5th December 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates5th December 2006

Currency

Rate

EURO

1.484

CY£

0.851

US$

1.978

CHF

2.362

CAN$

2.259

AUS$

2.510

Comments: A quieter day for the US$ with the rate staying at 1.97/8 inter bank. No real news out of the US yesterday. We await to see what the outcome of the ECB meeting is and whether or not they raise interest rates by 0.25%. A couple of weeks ago this was a forgone conclusion but now with the rapid depreciation of the US$ other factors such as export competitiveness may take centre stage.

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.








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Monday, December 04, 2006

Smarts Daily Currency Note - 4th December 2006

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates4th December 2006

Currency

Rate

EURO

1.485

CY£

0.851

US$

1.973

CHF

2.365

CAN$

2.260

AUS$

2.515

Comments: Still no respite for the US$. The US$ has now passed through 14 years highs against sterling and is pushing towards 2. However, sentiment may begin to change as there is a realisation that our exports are becoming less competitive. We are still hovering around 1.48 against the Euro. Until we see the US$ settle down, this will be a side show.

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.








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