Thursday, July 23, 2009

Smart Daily Currency Note - 23rd July 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 23rd July 2009

Currency

Rate

EURO

1.159

US$

1.651

CHF

1.759

CAN$

1.813

AUS$

2.015

Comments: The minutes of the last Bank of England meeting were released yesterday and said much as expected; the worse seems to be over, interest rates are unlikely to be increasing anytime soon and they want to wait until they see the raft of detailed economic data out prior to their next meeting in August before making any decision on increasing the amount of money they make available for the programme of quantitative easing. The overall result was that sterling had an okay day but it still lacks any real direction. The major constraint on any significant upside especially against the € is the need for a clear plan by the government to get on top of and reduce the extraordinary levels of government debt. It seems we are unlikely to see a clear plan for a while.

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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© 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).