Wednesday, July 15, 2009

Smart Daily Currency Note - 15th July 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 15th July 2009

Currency

Rate

EURO

1.165

US$

1.638

CHF

1.769

CAN$

1.855

AUS$

2.057

Comments: Sterling continued to gain a little bit of ground against the € and the US$. There was a raft of UK economic data yesterday which seemed to show that even if the recession wasn't over the UK economy was at least beginning to stabilise . UK retail sales for June rose by an annual rate of 3.2% [May was 0.8%]. Inflation at 1.8% was as expected and a survey by the Institution of Chartered Surveyors showed that house prices were beginning to stabilise. International stock markets were also buoyant which is always an indicator of increased risk appetite and increased support for sterling. In Euro land the German indicator of business confidence actually fell which was in contrast to a slight increase in the volume of goods leaving eurozone factories. The feeling seems to be that any rebound from the 17% reduction in industrial production in the eurozone over the last year will be a long and sluggish process.

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).