Wednesday, January 06, 2010

Smart Daily Currency Note - 6th January 2010

 
Smart Currency Exchange - Daily Currency Rates  
Daily Inter Bank Currency Exchange Rates 6th January 2010
 

Currency

Rate

EURO

1.117

US$

1.604

CHF

1.657

CAN$

1.665

AUS$

1.754

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

Comments:  With thoughts turning to the general election and the possibility of a hung parliament and the Prime Minster and Chancellor contradicting each other over how the surplus tax revenues from the bankers bonus tax will be spent, sterling had a difficult day yesterday. We also had international investors starting to say that they would avoid UK government bonds given the uncertainty over the election and the lack of a cogent plan to deal with UK government debt. And just for good measure UK construction activity contracted for the 22nd month in a row. We wait to see what the Bank of England announces tomorrow to see if they can add to sterling's woes. The commodity backed currencies continue to enjoy a strong start to the year benefiting from surging commodity prices.

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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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).