Smart Daily Currency Note - 7th October 2008

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 7th October 2008

Currency Rate EURO 1.283 US$ 1.742 CHF 1.990 CAN$ 1.921 AUS$ 2.430 Comments:  Sterling edged down throughout yesterday having opened the week at its highest levels against the euro for about 6 months. Sterling was largely benefiting from last weeks news of the Bank of England's £40bn injection to the markets as well as the news of the German banking system being offered support to combat liquidity issues. Finally Europe is feeling the pinch of the credit crunch. Global stock markets were in mayhem yesterday and business confidence continues to be extremely low as the general public are now scrambling to find ways of securing savings and deposits by moving them in some cases overseas. We await the Bank of England's decision on interest rates on Thursday. 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 Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK © 2005-2008 Copyright  Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS). Disclaimer Exchange rates can move very quickly. The above rates are valid at a moment in time. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we recommend that if an exchange rate works for your budget then don't try and wait for an even better exchange rate, as Murphy's Law says the rate will go against you and cause you maximum pain!

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Smart Weekly Currency Note - 3rd October 2008

Smart Currency Exchange - Weekly Currency Rates for Overseas Property Buyers

Weekly Currency Interbank Exchange Rates 3rd October 2008

Currency Rate Last Week Rate This Week EURO 1.258 1.285 US$ 1.839 1.771 CAN$ 1.903 1.916 AUS$ 2.212 2.287 NZD 2.683 2.678 AED 6.759 6.508 CHF 2.004 1.999 ZAR(Rand) 14.908 15.094 Charles's Thoughts:  Sterling left it late in the week but gained sharply against the euro on Friday. The pound surged to its highest levels for some months largely thanks to an injection of £40bn from the Bank of England to help with the liquidity issues which are causing so much turmoil in the UK financial sector. There will be great interest to see what the Bank of England will do with their decision on UK interest rates next week as recent speculation has suggested a cut, or even a series of cuts, may well be imminent. The euro fell throughout the week against both sterling and the US$. Comments from JC Trichet of the European Central Bank suggesting that inflation was no-longer as much of a concern as the slow-down in business growth and supported the belief that interest rates will by cut during the 1st quarter of 2009, if not sooner. This may have come as no massive surprise but will surely weaken the euro in the coming months which will hopefully help a troubled German export industry struggling with an over-priced euro. The US$ maintained its recent levels against most major currencies this week in spite of the wrangling within the House of Representatives over the $700bn recue plan from the US government. It took George Bush to go on record and personally reassure the people of America that he would see the bill passed and attempt to shore up a distinctly wounded financial sector. Dubbed the 'Emergency Economic Stabilisation Act of 2008' and until the finer points are known it will be impossible to tell quite whether this will resolve much of the current crisis but it has already put much needed confidence back into the future health of the US economy. There were no significant developments regarding the high yield and/or commodity backed currencies this week although sterling did gain almost across the board toward the end of the week. Why is Currency Management So Important? Using a bank could cost you £3-4,000 per £100,000 transferred. Buying at the "wrong" time could cost you many £'000's more as rates can move as much as 3% in a very short period of time. Then add in transfer costs that the banks charge for sending and receiving funds and you could be looking at additional costs of £10,000 per £100,000 transferred. By developing a currency strategy and by working with a specialist currency broker these losses could be minimised if not eliminated. Smart Client Testimonial: "Thank you for making our transactions go so smoothly. As promised, our account was opened within hours. Your traders were pleasant and efficient, and each transaction was very much at the exchange rate I expected...ie not a million miles away from the inter-bank rates and certainly much better than my high street bank could quote. All in all, an easy experience and we will have absolutely no hesitation in recommending your services to any of our friends buying property abroad." Ian Pritchard If you haven't opened a Smart account yet, call me on freephone 0808 163 0102 or fill out our online Account Form at: http://www.SmartCurrencyExchange.com/application.htm How much will a Property Cost? To estimate the cost of a property simply DIVIDE the price of the property by the appropriate rate noted above. But note this is based on the inter bank rate so the actual cost will be slightly more. Charles Purdy Smart Resources Currency Strategy Worksheet Need help creating a Currency Strategy? Download our Currency Strategy Worksheet: http://www.smartcurrencyexchange.com/downloads/CurrencyStrategyWorksheet.pdf Currency Report Have your read our 10-page Currency Report that outlines the top 3 mistakes that overseas buyers make when exchanging and transferring their money overseas? Get the report here: http://www.SmartCurrencyExchange.com/downloads/ThreeMistakes.pdf Currency Quotation Are you interested in a currency rate for Euros, US$'s, CYP, NZD, or any other currency, please fill out our Smart quotation form at: http://www.SmartCurrencyExchange.com/smartquotation.htm Smart Currency Exchange Limited

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

Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK © 2005-2008 Copyright  Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS). Disclaimer Exchange rates can move very quickly. The above rates are the interbank rates and valid at a moment in time. The interbank rate is the rate at which the banks deal with each other in the foreign exchange markets. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we suggest that if an exchange rate works for your budget then don't try and wait for an even better exchange rate, as Murphy's Law says the rate will go against you and cause you maximum trouble!

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Smart Daily Currency Note - 3rd October 2008

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 3rd October 2008

Currency Rate EURO 1.275 US$ 1.771 CHF 2.001 CAN$ 1.907 AUS$ 2.269 Comments:  Though relatively unchanged against the US$, sterling rose to its highest level for some weeks against the euro, just as the market closed yesterday. Sterling gained due to more comment and speculation regarding the easing of monetary policy in the eurozone. This comes as no massive surprise but will weaken the euro in the coming months which will hopefully help a troubled German export industry struggling with an over-priced euro. Almost all of the UK papers were all touting figures of the decline in house prices over the last year. As if this 'bust' from the previous massive 'boom' has come as some sort of surprise. There will be great interest to see what the Bank of England will do with their decision on interest rates next week. 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 Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK © 2005-2008 Copyright  Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS). Disclaimer Exchange rates can move very quickly. The above rates are valid at a moment in time. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we recommend that if an exchange rate works for your budget then don't try and wait for an even better exchange rate, as Murphy's Law says the rate will go against you and cause you maximum pain!

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London, London
W6 0NB
GB


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Smart Daily Currency Note - 2nd October 2008

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 2nd October 2008

Currency Rate EURO 1.271 US$ 1.767 CHF 1.998 CAN$ 1.883 AUS$ 2.256 Comments:  Sterling edged up against the euro and closed marginally lower against the US$ in a relatively quiet day for market data yesterday. Inflation in the Eurozone is seemingly under control now and so the prospect of the ECB lowering interest rates in the near future has increased. The fragility of the European economy as a whole will be under much scrutiny throughout the rest of the year as business continues to slow and unemployment figures 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

Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK © 2005-2008 Copyright  Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS). Disclaimer Exchange rates can move very quickly. The above rates are valid at a moment in time. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we recommend that if an exchange rate works for your budget then don't try and wait for an even better exchange rate, as Murphy's Law says the rate will go against you and cause you maximum pain!

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London, London
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GB


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Smart Daily Currency Note - 1st October 2008

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 1st October 2008

Currency Rate EURO 1.258 US$ 1.777 CHF 1.989 CAN$ 1.879 AUS$ 2.225 Comments:  Sterling rallied late yesterday and closed higher against the euro thanks to a rebound from Monday's losses on the UK stock markets. However, sterling and the euro fell steeply against the US$ during the afternoon, as reassurances regarding the $700bn rescue plan were given by the US president. The speech was designed to help sentiment in an unstable market and saw the US$ surge across the board. Despite the general 'rebound' on the stock markets, HBOS shares plummeted yesterday due to speculation that the imminent takeover by Lloyds TSB was on the rocks. This prompted Gordon Brown to also go on record and give his own reassurances that the deal will be going ahead as planned. 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 Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK © 2005-2008 Copyright  Smart Currency Exchange Ltd THIS PUBLICATION DOES NOT CONSTITUTE ADVICE WITHIN THE TERMS OF THE FINANCIAL SERVICES ACT (OR ANY SUBSEQUENT REVISIONS, ADDITIONS, OR AMENDMENTS). Disclaimer Exchange rates can move very quickly. The above rates are valid at a moment in time. Suggestions should not be taken as advice or fact. The market does what it wants to do.  We have no crystal ball and as ever we recommend that if an exchange rate works for your budget then don't try and wait for an even better exchange rate, as Murphy's Law says the rate will go against you and cause you maximum pain!

---

SCE/OGC

1 Hammersmith Grove
London, London
W6 0NB
GB


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