Wednesday, March 18, 2009

Smart Daily Currency Note - 18th March 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 18th March 2009

Currency

Rate

EURO

1.073

US$

1.396

CHF

1.649

CAN$

1.773

AUS$

2.116

Comments: Sterling has opened lower against most major currencies this morning having lost a little ground over night. Against the euro, sterling has been edging down slowly and through the course of Tuesday lost about a cent. This may well be attributed to a German survey of business sentiment which showed a marked improvement from last month. Prices against the US$ have moved similarly against sterling and is largely due to a halt to the recent rally on the stock markets and a return by investors to safe-haven assets. Today we await with interest the release of the Bank of England's minutes from their last decision on interest rates as well as month-on-month UK unemployment figures. Seems to be that sterling is finding it more and more difficult to maintain any signifiacant gains it makes against the US$ and the euro last. Seems to have very few if any friends.

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).