Wednesday, October 07, 2009

Smart Daily Currency Note - 7th October 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 7th October 2009
 

Currency

Rate

EURO

1.079

US$

1.588

CHF

1.634

CAN$

1.679

AUS$

1.781

Comments: UK manufacturing data for August came in worse than expected. This has led to a rethink in the UK economy returning to growth in the third quarter. Needless to say sterling lost ground against most currencies. In Australia their central bank raised interest rates, the first of the advanced countries central bank to do so. Not a huge surprise as the expectation was for them to increase interest rates by the end of the year but perhaps not quite this soon. Apparently there is concern about a house price boom in Australia following the huge financial stimulus undertaken by the Australian government and the aim is to try and stop this becoming a bubble.

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).