Thursday, July 16, 2009

Smart Daily Currency Note - 16th July 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Free Daily Inter Bank Currency Exchange Rates 16th July 2009

Currency

Rate

EURO

1.163

US$

1.636

CHF

1.764

CAN$

1.837

AUS$

2.053

Comments: Unemployment continued its upward trend here in the UK. In the three months to May unemployment increased by 281,000 to 2.38m. The highest level for thirteen years and the largest quarterly increase since records began. But these figures were no real surprise and clearly the belief is that it will continue to go up for the short to medium term. So what does sterling do it holds its own and even gains a bit of ground against some currencies. This was on the back of increased risk appetite world wide which seems to push the US$ down. Overall sterling is trading in a narrow range against the US$ and the € waiting for some catalyst to push it either up or down. We wait to see what that catalyst is.

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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email: Charles@SmartCurrencyExchange.com

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To get a Better-than-Bank rate go to: http://www.smartCurrencyExchange.com/smartsquotation.htm
or call Carl on 08081 630 102 freephone.

 


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).