Thursday, August 16, 2007

Charles@SmartCurrencyExchange.com

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 16th August 2007
 

Currency

Rate

EURO

1.478

CY£

0.859

US$

1.985

CHF

2.416

CAN$

2.150

AUS$

2.481

Comments:  The US$ is one of the main beneficiaries of the current credit squeeze as the US treasury bonds are becoming ever more popular. Also we are seeing repatriation of US$ as investors cover their losses from profits elsewhere. The high yielding currencies, such as the Australian dollar, New Zealand dollar and South African rand, have been the most affected by the current market unease and as such the major losers. Previously investors had borrowed in low yielding currencies such as the Japanese yen and invested in high yielding currencies such as the New Zealand dollar. Suddenly all investors have headed for the exit at the same time and caused these currencies to weaken significantly.

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.



Smart Currency Exchange | 1 Hammersmith Grove | Hammersmith | London | W6 0NB | UK
 

© 2005-2007 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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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).