Wednesday, March 11, 2009

Smart Daily Currency Note - 11th March 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 11th March 2009

Currency

Rate

EURO

1.087

US$

1.376

CHF

1.604

CAN$

1.767

AUS$

2.140

Comments: True to recent form, sterling continued to slide on Tuesday, edging down slightly against most major currencies. Though the losses for sterling were not as steep as they were on Monday, the persistent issues within the UK financial sector have kept sterling under pressure and only lent to the increasing global demand for safe-haven assets. There was little in terms of major UK economic data on Tuesday beyond that of the weaker-than-expected industrial production figures, which would have contributed to sterling’s trading day losses. UK trade balance data out today could well be a strong indicator for how well the UK economy has adapted to the weakness of sterling on the global markets. However, waning global demand has meant so far there has been no noticeable boost to UK exports. It would seem not much upside for sterling for the foreseeable future.

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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1 comment:

Currency Rates said...

This site is useful for Currency Matters For Overseas Property Buyers

12:39 pm

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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).