Thursday, September 10, 2009

Smart Daily Currency Note - 10th September 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 10th September 2009
 

Currency

Rate

EURO

1.135

US$

1.654

CHF

1.720

CAN$

1.784

AUS$

1.924

Comments: So today is when the Bank of England meets. Interest rates are expected to be kept on hold and steady as she goes regarding quantitative easing. However sterling has been under pressure following the last BoE meeting and the surprise increase in the programme of quantitative easing by £50bn and then the even greater surprise that the Governor of the BoE had wanted to increase it by £75bn. Why it was such a surprise to the market was that following the July meeting of the BoE it was thought that no increase at all was likely for quite a while and certainly not in just one months time. Hence the surprise and the market doesn't like surprises. On the other hand the European Central bank ahs been much more effective and subtle in supplying liquidity to the market which has be nefited the euro greatly. The one currency that continues to keep sterling company is the US$ which has lost ground on increased risk appetite.

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.


Free phone: 0808 163 0102
(Outside the UK +44 0207 898 0571)

email: Charles@SmartCurrencyExchange.com
web: http://www.SmartCurrencyExchange.com

To get a live Better-than-Bank exchange rate go to: http://www.smartCurrencyExchange.com/smartquotation.htm
or call Smart on 08081 630 102 or from overseas, please call +44 0207 898 0541.


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!

 


SCE/OGC

1 Lyric Square
London, London
W6 0NB
GB


If you no longer wish to receive communication from us:
Cancel

To update your contact information:
Update

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies

Smart Resources

Free Reports - Make sure to collect your copy!
For overseas property buyers: "Why Overseas Property Buyers Lose Money... and how YOU can avoid it" Get the report here!

For anyone relocating from the UK to another country: "How you could save £20,000 when relocating from the UK to any overseas location!" Get the report here!

Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please fill out our Smart quotation form.

Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Press page.


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).