Thursday, January 15, 2009

Smart Daily Currency Note - 15th January 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 15th January 2009

Currency

Rate

EURO

1.109

US$

1.460

CHF

1.634

CAN$

1.818

AUS$

2.216

Comments: Sterling closed relatively unchanged against the US$ and fractionally up against the euro in a generally uneventful day for market information. Poorer than expected US retail sales data saw the US$ slide marginally against most currencies and the release of the 'Beige Book' -a 6 week summary of US economic conditions did little to move the markets. Today's decision from the European Central Bank (ECB) on interest rates and thoughts on future policy will be the main focus of the day ahead. With very few people seeing any 'green shoots of recovery' in the UK economy a large cut beyond the expected 0.5% from the ECB could well be a welcome boost for sterling's value 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.



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

© 2005-2008 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).