Tuesday, February 10, 2009

Smart Daily Currency Note - 10th February 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 10th February 2009

Currency

Rate

EURO

1.152

US$

1.486

CHF

1.739

CAN$

1.817

AUS$

2.216

Comments: Sterling was bolstered early yesterday by the news that Barclays Bank had posted much better year-on-year profits than had previously been expected. The hope is that the much maligned UK financial sector is showing early signs of recovery from the credit and liquidity crisis. Against the US$, sterling reached a three-week high but early gains against the euro were paired back and by close of Monday sterling was relatively unchanged from its opening price. Significant economic news for sterling will be released on Wednesday as the Bank of England's quarterly inflation report is published along with important UK unemployment figures from the government. Some steady progress from sterling over the last couple of weeks.

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

© 2005-2009 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).