Friday, June 19, 2009

Smart Daily Currency Note - 19th June 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 19th June 2009

Currency

Rate

EURO

1.175

US$

1.635

CHF

1.778

CAN$

1.850

AUS$

2.033

Comments: On the back of poorer than expected retail sales for May sterling had a bad Thursday. The expectation was for an increase of 0.3% in retail sales whereas the reality was a decrease in of 0.6%. We are getting mixed economic data with recent data showing an increase in UK industrial production and stability in UK house prices. So any recovery in sterling is not going to be straight forward and will always subject to the vagaries of conflicting economic data. US economic data showed that the number of people claiming unemployment benefit fell for the first time since the start of the year and that manufacturing in the US mid Atlantic area fell less than expected. This was taken as a positive for more risky assets and negative for the US$.

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).