Thursday, November 05, 2009

Smart Daily Currency Note - 5th November 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 5th November 2009
 

Currency

Rate

EURO

1.112

US$

1.649

CHF

1.679

CAN$

1.759

AUS$

1.824

Comments: Today we have the Bank of England announcement on interest rates and quantitative easing. With regards to interest rates it is expected that they will be kept on hold. Anything else will be a complete surprise. With regard to quantitative easing no one is quite sure what to expect. Economic data has been contrasting with gross domestic product for the September quarter surprising on the downside but the indices for industrial production and the services sector continue to increase. So today could be a volatile day for sterling. The same is expected from the European Central Bank who also meet today. The Federal Reserve met yesterday and emphasised for probably the 100th time that US interest rates will stay low for a significant time. So we will all be a bit the wiser come the end of today.

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! Smart Currency Exchange Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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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).