Wednesday, September 02, 2009

Smart Daily Currency Note - 2nd September 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 2nd September 2009
 

Currency

Rate

EURO

1.135

US$

1.614

CHF

1.723

CAN$

1.782

AUS$

1.943

Comments: Another difficult day for sterling. Manufacturing activity contracted in August as measured by purchasing managers and net lending fell which highlights a cut back in consumer spending. The former is in contrast to elsewhere in the world where positive economic data seems to be the order of the day. The US released a stronger than expected reading on the ISM index and pending US home sales rose for the sixth month in a row. In Germany unemployment fell and overall the pace of rising unemployment has slowed in the eurozone. So it looks as if sterling will be suffering for a while until we show we are moving forward relative to others.

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).