Wednesday, April 04, 2007

Smarts daily currency note - 4th April 2007

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates4th April 2007

Currency

Rate

EURO

1.480

CY£

0.855

US$

1.975

CHF

2.414

CAN$

2.287

AUS$

2.430

Comments: Sterling had a steady day holding its own against the US$ and the Euro. The markets are waiting for tomorrow's announcement on UK interest rates from the bank of England. The "possibility" is an increase of 0.25% which is supporting sterling 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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Disclaimer
Exchange rates can move very quickly. The above rates are valid at a moment in time. We have no crystal ball and we recommend that if an exchange rate works for your budget then don’t wait for an even better exchange rate - Murphy’s Law says the rate will go against you and cause you maximum pain! Suggestions should not be taken as advice or fact.

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