Friday, December 04, 2009

Smart Daily Currency Note - 4th December 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 4th December 2009
 

Currency

Rate

EURO

1.104

US$

1.663

CHF

1.663

CAN$

1.755

AUS$

1.796

Request a quotation now at: http://www.smartcurrencyexchange.com/quote.aspx

Comments: The European Central Bank met yesterday and did as expected. They kept interest rates on hold and they announced the withdrawal of the dates for their short term funding facilities with this months 12 month offer being the last of this type and the 6 month offer in March 2010 being the last of this type. So the ECB has been much more effective than the Bank of England in detailing clearly how they will remove their equivalen t of the BoE's quantitative easing programme. The euro benefited from this clarity gaining ground against sterling and pushing through US$1.50/€1 against the euro. Today we have the unemployment figures in the US. We wait to see if they are in line with expectations.

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.



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© 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 Ltd is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (FRN 504509) for the provision of payment services.

 


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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).