Thursday, September 17, 2009

Smart Daily Currency Note - 17th September 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 17th September 2009
 

Currency

Rate

EURO

1.121

US$

1.654

CHF

1.704

CAN$

1.757

AUS$

1.887

Comments: UK unemployment hit 2.47m its highest level since 1995. The belief is that it will hit 3m before we see it turnaround. One positive is the rate of unemployment has fallen and it has to be remembered unemployment is a lagging indicator and as such the economy will be growing well before we see unemployment fall. Sterling had a steady day compared to the previous day which saw sterling lose ground following the comments from the Governor of the Bank of England to the House of Commons. It was the thought of quantitative easing by the back door by reducing rates on banks deposits held by the BoE that worried the market. I suppose we will get further light shed on the BoE's thoughts when the minutes of their last meeting are released.

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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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).