Thursday, April 02, 2009

Smart Daily Currency Note - 2nd April 2009

 
Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers  
Free Daily Inter Bank Currency Exchange Rates 2nd April 2009

Currency

Rate

EURO

1.096

US$

1.455

CHF

1.665

CAN$

1.825

AUS$

2.068

Comments: The G20 summit in London this week has been widely reported for many reasons other than the agenda of the failing global economy. However, the topics discussed and the subsequent actions from the meeting will certainly influence the current and future trends for all major currencies as we learn of the details in the coming days. In the markets today sterling rose against most major currencies thanks to a marked improvement in March's Purchasing Managers Index which acts as a gauge for manufacturing activity and future business demand. Eurozone unemployment also increased to put pressure on the euro ahead of today's decision on interest rates. The expectation is for a cut of 0.5% in € interest rates. Anything else will be a surprise.

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).