Wednesday, September 09, 2009

Smart Daily Currency Note - 9th September 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 9th September 2009
 

Currency

Rate

EURO

1.139

US$

1.650

CHF

1.727

CAN$

1.781

AUS$

1.924

Comments: Even though strong UK industrial production figures released yesterday probably mean that the UK economy expanded in the three months to the end of August, the first increase for over a year, sterling fell against the euro. The concern is tomorrows meeting of the Bank of England and the possibility of a surprise which is undermining sterling. Sterling did enjoy an upswing against the US$ which lost ground against most currencies. A mixture of reasons have been given from increased risk appetite, the gold price breaking through US$1,000 and renewed talk on an alternative to the US$ as the worlds "reserve" currency. Whatever the reason the US$ is keeping sterling company as the least favoured currency.

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).