Currency Rates
EURO/GBP - 1.121
US$/GBP - 1.628
CHF/GBP - 1.659
CAN$/GBP - 1.679
AUS$/GBP - 1.749
ZAR/GBP - 12.042
JPY/GBP - 149.66
HKD/GBP - 12.631
Comments: Sterling continues to benefit on the back of better economic news and some "positive" comments from a member of the Bank of England monetary committee. Firstly UK industrial production increased by 0.4% in November which was better than expected. Then we had a member of the Bank of England stating that United Kingdom interest rates should be raised sooner than expected and that their special liquidity programme may not be reduced for a while. The belief is that the United Kingdom came out of recession in the final quarter of 2009. We wait to see if the actual figures support this.
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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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.
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