Wednesday, April 29, 2009

Smart Daily Currency Note - 29th April 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 29th April 2009

Currency

Rate

EURO

1.115

US$

1.470

CHF

1.678

CAN$

1.783

AUS$

2.058

Comments: Sterling maintained its position against the € and gained a bit of ground against the US$ on a quiet day for economic data. The gain against the US$ was on the back of a modest improvement in risk appetite following US house price data suggested an easing in the rate of decline in US house prices. Interesting to see what can sway markets at times with some analysts might be close to a bottom. I suspect wishful thinking when it comes to house prices. It may be more realistic that sterling is beginning to find a base especially against the € from which to build. Today the Fed makes its announcement on US interest rates. No change is expected but always of interest is the announcement that accompanies it and the Feds view on the state of the US economy.

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.



Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK

© 2005-2009 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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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.

© 2005-2010 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).