Smart Daily Currency Note - 3rd April 2009

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 3rd April 2009

Currency Rate EURO 1.094 US$ 1.468 CHF 1.670 CAN$ 1.822 AUS$ 2.062 Comments: On Thursday the European Central Bank's (ECB) decision to cut interest rates by only 0.25% when the broad consensus was to expect a cut of 0.5%, curtailed sterling's positive run against the euro which had started on Wednesday. Sterling rise against the euro momentarily breached the €1.10/£1 level for the first time in about a month largely thanks to an unexpected improvement in the Nationwide House price index for the month of March. Weak Eurozone data including appalling figures from the Italian Budget balance, also released on Thursday morning also put pressure on the euro ahead of the euro interest rate decision at mid day. The lines in policy over how to combat the fallout of the financial crisis have been drawn between the main leaders at the G20 summit. The Franco-German on one side and the Anglo-Americans on the other. Yesterday's decision from the ECB appears to be another example of how approaches may continue to differ until some resolution arises. Following w hat is perceived as a successful G20 summit, the US$ fell across the board as the markets seemed willing to take on greater risk. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

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!

---

Smart Currency Exchange - Daily Currency Rates for Overseas Property Buyers

Free Daily Inter Bank Currency Exchange Rates 3rd April 2009

Currency Rate EURO 1.094 US$ 1.468 CHF 1.670 CAN$ 1.822 AUS$ 2.062 Comments: On Thursday the European Central Bank's (ECB) decision to cut interest rates by only 0.25% when the broad consensus was to expect a cut of 0.5%, curtailed sterling's positive run against the euro which had started on Wednesday. Sterling rise against the euro momentarily breached the €1.10/£1 level for the first time in about a month largely thanks to an unexpected improvement in the Nationwide House price index for the month of March. Weak Eurozone data including appalling figures from the Italian Budget balance, also released on Thursday morning also put pressure on the euro ahead of the euro interest rate decision at mid day. The lines in policy over how to combat the fallout of the financial crisis have been drawn between the main leaders at the G20 summit. The Franco-German on one side and the Anglo-Americans on the other. Yesterday's decision from the ECB appears to be another example of how approaches may continue to differ until some resolution arises. Following w hat is perceived as a successful G20 summit, the US$ fell across the board as the markets seemed willing to take on greater risk. 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.

email: Charles@SmartCurrencyExchange.com free phone: 0808 163 0102 web: http://www.SmartCurrencyExchange.com

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!

---

SCE/OGC

1 Lyric Square
London, London
W6 0NB
GB


If you no longer wish to receive communication from us:
Cancel

To update your contact information:
Update