Smart Daily Currency Note - 7th April 2009

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 7th April 2009

Currency Rate EURO 1.102 US$ 1.472 CHF 1.674 CAN$ 1.825 AUS$ 2.059 Comments: Yesterday the US$ hit US$1.4958/£1 following the success of the HSBC's rights issue, Britain's largest bank. But as the stock markets began to slide, risk aversion came to the fore and this morning we wake to find the US$ sitting in the US$1.465-1.470/£1 range. Just shows how volatile exchange rates are at the moment and how when risk rises there is a flight to what is viewed as the safe haven currency the US$. The Euro oscillated around €1.10/£1. No matter what the bad news is from Euro land, sterling seems to find it very difficult to get any upwards momentum against the euro. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK © 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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Smart Weekly Currency Note - 3rd April 2009

Smart Currency Exchange - Weekly Currency Rates for Overseas Property Buyers

Weekly Currency Interbank Exchange Rates 3rd April 2009

Currency Rate Last Week Rate This Week EURO 1.075 1.103 US$ 1.429 1.482 CAN$ 1.773 1.827 AUS$ 2.067 2.086 NZD 2.510 2.547 AED 5.247 5.444 CHF 1.635 1.680 ZAR(Rand) 13.722 13.424 Charles's Thoughts: The G20 summit in London this week had been touted during the run-up as perhaps the pivotal moment for the major powers dealing with the global recession and how we all may survive the ensuing fall-out. So far we have learnt as much about the divisions within certain camps at the meeting as we have about the actions and process for moving forward and limiting this damage. The trading week had started with sterling having lost some ground over the weekend against most major currencies but during Monday’s trading sterling rebounded higher. The positive trend for sterling continued through the week and gradually sterling’s value improved to see improvements of about 3% against the euro and 5% on the US$. Weak data elsewhere helped support sterling as almost much as some encouraging figures from the UK Purchasing Managers Index and a surprise improvement for the Nationwide House-price Index. Whether this is another false dawn for sterling is yet to be seen. Despite the American government’s refusal to bail-out their failing automotive industry at the start of the week, a renewed sense of risk-appetite partly generated by the enormous bail-out proposals at the G20 summit, weighed on the US$. Almost all significant US economic data released this week was published on Friday and turned out largely as expected. However, the multilateral agreement needed on the proposals at the G20 summit will be hard to broker for a nation so keen on keeping the free-market de-regulated and an agreement involving all main world leaders could well be down to President Obama’s flexibility at this testing time. The European Central Bank (ECB) surprised the markets on Thursday by cutting interest rates down by only 0.25% rather than the 0.5% widely anticipated by most parties. The euro interest rate, now at 1.25%, is at a record low in the short history single currency and in a statement shortly after the decision, JC Trichet, the president of the ECB, refused to rule out a further cut next month. With no other significant economic data for the euro released this week the euro gained marginally against the Swiss Franc and the US$ thanks to momentum carried from prior weeks’ trading. Sterling’s positive week saw significant improvement to prices against all high-yield and/or commodity backed currencies. Why is Currency Management So Important? Using a bank could cost you £3-4,000 per £100,000 transferred. Buying at the "wrong" time could cost you many £'000's more as rates can move as much as 3% in a very short period of time. Then add in transfer costs that the banks charge for sending and receiving funds and you could be looking at additional costs of £10,000 per £100,000 transferred. By developing a currency strategy and by working with a specialist currency broker these losses could be minimised if not eliminated. Smart Client Testimonial: "Thank you for making our transactions go so smoothly. As promised, our account was opened within hours. Your traders were pleasant and efficient, and each transaction was very much at the exchange rate I expected...ie not a million miles away from the inter-bank rates and certainly much better than my high street bank could quote. All in all, an easy experience and we will have absolutely no hesitation in recommending your services to any of our friends buying property abroad." Ian Pritchard If you haven't opened a Smart account yet, call me on freephone 0808 163 0102 or fill out our online Account Form at: http://www.SmartCurrencyExchange.com/application.htm How much will a Property Cost? To estimate the cost of a property simply DIVIDE the price of the property by the appropriate rate noted above. But note this is based on the inter bank rate so the actual cost will be slightly more. Charles Purdy Smart Resources Currency Strategy Worksheet Need help creating a Currency Strategy? Download our Currency Strategy Worksheet: http://www.smartcurrencyexchange.com/downloads/CurrencyStrategyWorksheet.pdf Currency Report Have your read our 10-page Currency Report that outlines the top 3 mistakes that overseas buyers make when exchanging and transferring their money overseas? Get the report here: http://www.SmartCurrencyExchange.com/downloads/ThreeMistakes.pdf Currency Quotation Are you interested in a currency rate for Euros, US$'s, CYP, NZD, or any other currency, please fill out our Smart quotation form at: http://www.SmartCurrencyExchange.com/smartquotation.htm Smart Currency Exchange Limited

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK © 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 the interbank rates and valid at a moment in time. The interbank rate is the rate at which the banks deal with each other in the foreign exchange markets. 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 suggest 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 trouble!

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Smart Daily Currency Note - 3rd April 2009

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 3rd April 2009

Currency Rate EURO 1.094 US$ 1.468 CHF 1.670 CAN$ 1.822 AUS$ 2.062 Comments: On Thursday the European Central Bank's (ECB) decision to cut interest rates by only 0.25% when the broad consensus was to expect a cut of 0.5%, curtailed sterling's positive run against the euro which had started on Wednesday. Sterling rise against the euro momentarily breached the €1.10/£1 level for the first time in about a month largely thanks to an unexpected improvement in the Nationwide House price index for the month of March. Weak Eurozone data including appalling figures from the Italian Budget balance, also released on Thursday morning also put pressure on the euro ahead of the euro interest rate decision at mid day. The lines in policy over how to combat the fallout of the financial crisis have been drawn between the main leaders at the G20 summit. The Franco-German on one side and the Anglo-Americans on the other. Yesterday's decision from the ECB appears to be another example of how approaches may continue to differ until some resolution arises. Following w hat is perceived as a successful G20 summit, the US$ fell across the board as the markets seemed willing to take on greater risk. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK © 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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Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 3rd April 2009

Currency Rate EURO 1.094 US$ 1.468 CHF 1.670 CAN$ 1.822 AUS$ 2.062 Comments: On Thursday the European Central Bank's (ECB) decision to cut interest rates by only 0.25% when the broad consensus was to expect a cut of 0.5%, curtailed sterling's positive run against the euro which had started on Wednesday. Sterling rise against the euro momentarily breached the €1.10/£1 level for the first time in about a month largely thanks to an unexpected improvement in the Nationwide House price index for the month of March. Weak Eurozone data including appalling figures from the Italian Budget balance, also released on Thursday morning also put pressure on the euro ahead of the euro interest rate decision at mid day. The lines in policy over how to combat the fallout of the financial crisis have been drawn between the main leaders at the G20 summit. The Franco-German on one side and the Anglo-Americans on the other. Yesterday's decision from the ECB appears to be another example of how approaches may continue to differ until some resolution arises. Following w hat is perceived as a successful G20 summit, the US$ fell across the board as the markets seemed willing to take on greater risk. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK © 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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Smart Daily Currency Note - 2nd April 2009

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 2nd April 2009

Currency Rate EURO 1.096 US$ 1.455 CHF 1.665 CAN$ 1.825 AUS$ 2.068 Comments: The G20 summit in London this week has been widely reported for many reasons other than the agenda of the failing global economy. However, the topics discussed and the subsequent actions from the meeting will certainly influence the current and future trends for all major currencies as we learn of the details in the coming days. In the markets today sterling rose against most major currencies thanks to a marked improvement in March's Purchasing Managers Index which acts as a gauge for manufacturing activity and future business demand. Eurozone unemployment also increased to put pressure on the euro ahead of today's decision on interest rates. The expectation is for a cut of 0.5% in € interest rates. Anything else will be a surprise. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK © 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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Smart Daily Currency Note - 1st April 2009

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 1st April 2009

Currency Rate EURO 1.084 US$ 1.431 CHF 1.638 CAN$ 1.812 AUS$ 2.074 Comments: On Tuesday, with little news or economic data to move the markets here in the UK, Sterling's exchange rate against most major currencies remained steady, trading in a fairly narrow range. The Canadian dollar fell slightly following weaker than expected GDP figures. Inflation data out of euro land showed a decrease in the consumer price index from 1.2% for February to 0.6% in March. This has increased pressure on the European Central and all eyes remain on tomorrows meeting of the ECB where a cut of 0.5% in interest rates is the widely expected outcome. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK © 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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