Friday, September 01, 2006

Smart Daily Currency Note - 1st September 2006

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

Currency

Rate

EURO

1.487

CY£

0.852

US$

1.904

CHF

2.345

CAN$

2.107

AUS$

2.492

Comments: Sterling still showing strength and holding its position against the Euro and the US$. I am still fearful that the downside risk is greater than the upside potential, certainly for 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.


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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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