Wednesday, January 28, 2009

Smart Daily Currency Ntoe - 28th January 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 28th January 2009

Currency

Rate

EURO

1.072

US$

1.426

CHF

1.617

CAN$

1.745

AUS$

2.134

Comments: Sterling held its own against the US$ and the euro. In fact it gained some ground during the day as there was some significant buying of sterling by investors who have decided to take advantage of its weakness. As the health of the global economy worsens it seems as if the euro is the currency that is losing credibility. Not quite sure why but it does seem that the level of bad news coming out of Euroland is showing a significant increase daily. This is probably as a result of their economy holding up best in the stages of the credit crisis but now with German exports falling off a cliff and industrial production contracting rapidly the full extent of the problems in Euroland are becoming apparent to the rest of the world. But don't expect a sharp reversal in sterling's fortunes. It could happen in this very volatile climate but I suspect there is more bad news here in the UK waiting to dampen our hopes.

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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© 2005-2009 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).