Tuesday, September 05, 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

1.481

CY£

0.849

US$

1.901

CHF

2.343

CAN$

2.107

AUS$

2.472

Comments: Sterling drifted slightly lower against the Euro and held its position against the US$. I know I will sound like a broken record [for those who can remember what records are] but I still believe that for sterling against the Euro that the downside risk is greater than the upside potential. We are at year highs and the economic position and interest rate expectations are no more positive here than in Euroland.

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.


No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies

Smart Resources

Free Reports - Make sure to collect your copy!
For overseas property buyers: "Why Overseas Property Buyers Lose Money... and how YOU can avoid it" Get the report here!

For anyone relocating from the UK to another country: "How you could save £20,000 when relocating from the UK to any overseas location!" Get the report here!

Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please fill out our Smart quotation form.

Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Press page.


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).