Thursday, March 05, 2009

Smart Daily Currency Note - 5th March 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 5th March 2009

Currency

Rate

EURO

1.124

US$

1.418

CHF

1.663

CAN$

1.812

AUS$

2.200

Comments: An improvement in UK consumer confidence and better-than-expected service sector data helped sterling make marginal gains against the US$ on Wednesday though closing relatively unchanged against the euro. In the small hours of the morning the Reserve bank of Australia decided not to cut interest rates this month. The positive reception of this news resulted in the Australian dollar making gains against most major currencies steadily and throughout the day. This was all in spite of recent news that the Australian economy had contracted in the fourth quarter of 2008, the first time it has done so in eight years. Today is the day that the Bank of England and the European Central Bank make their decisions and announcements on interest rates. We wait to see the effect on exchange rates.

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).