Tuesday, September 08, 2009

Smart Daily Currency Note - 8th September 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 8th September 2009
 

Currency

Rate

EURO

1.140

US$

1.640

CHF

1.729

CAN$

1.762

AUS$

1.909

Comments: The next Bank of England meeting due on Thursday is acting as a drag on sterling as the market is worried that they will raise the amount of quantitative easing yet again. I think this unlikely but given we were somewhat surprised by the outcome of their last meeting the market is not going to second guess. The US$ suffered slightly on the back of increased investor confidence following the £10bn bid by Kraft for Cadbury's and investors willingness to take on more risk. The Australian $ continues to strengthen on the back of good economic performance especially as it managed to avoid recession and the belief that it will be the first country to start raising interest rates again.

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).