Friday, September 11, 2009

Smart Daily Currency Note - 11th September 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 11th September 2009
 

Currency

Rate

EURO

1.143

US$

1.670

CHF

1.732

CAN$

1.799

AUS$

1.935

Comments: No news seems to have been good news for sterling as the Bank of England decided to do nothing at yesterdays meeting. This means that they kept interest rates on hold and did not increase their programme of quantitative easing. We now wait for the minutes of their meeting to see what the thinking is for the future. The US$ continues to fall hitting a one year low against a basket of the major currencies. This is on the back of increased risk appetite and investors wanting higher returns from elsewhere. Australian unemployment figures were worse than expected and as such has reduced expectation of increased Australian $ interest rates before the year end. Also Canada and New Zealand have confirmed that they are unlikely to increase interest rates before the middle of next year.

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).