Tuesday, February 03, 2009

Smart Daily Currency Note - 3rd January 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 3rd February 2009

Currency

Rate

EURO

1.108

US$

1.423

CHF

1.656

CAN$

1.771

AUS$

2.231

Comments: As the UK markets opened this morning sterling lost much of the previous week's gains against the euro and the US$. With little in terms of economic data to have driven sterling's value down so sharply, the adjustment has been thus-far attributed to a mere rebound from last weeks sharp gains. In the week ahead, the focus will remain on the Bank of England (BoE) and the European Central Bank (ECB) as both are due to announce their monthly decision on interest rates this Thursday. J.C. Trichet, the president of the ECB, went on record last month to assure that future cuts to the ECB's interest rate would not be considered again until March. However, much has happened in Europe since then and plans may be revised.

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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W6 0NB
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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).