Wednesday, August 05, 2009

Smart Daily Currency Note - 5th August 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 5th August 2009

Currency

Rate

EURO

1.176

US$

1.691

CHF

1.798

CAN$

1.820

AUS$

2.014

Comments: For a brief moment yesterday sterling reached a fresh peak for the year against the US$ hitting US$1.704/£1. Sterling then lost ground as markets took a breather and we may be in for a period of consolidation. Sterling against the euro showed a similar trend with sterling gaining at the start of the day and then pulling back during the course of the day. Results out from Lloyds Bank today show the extent of the problems that still exist for the banks with huge write off of loans including corporate debts. And of course this highlights the problems that still exist within industry here in the UK and how the economic recovery will be far from plain sailing.

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).