Thursday, August 31, 2006

Daily Currency Note from Smart Currency

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers
Free Daily Inter Bank Currency Exchange Rates

Currency

Rate

EURO

1.484

CY£

0.850

US$

1.908

CHF

2.340

CAN$

2.116

AUS$

2.498

Comments: Sterling had a positive day against the Euro and US$ on the back of slightly better than expected retail figures here in the UK. Probably the result of a cold and dank August! I still believe that there is more downside risk than upside potential.

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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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.

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