11/11/2009

Smart Daily Currency Note - 11th November 2009

 

Smart Currency Exchange - Daily Currency Rates

 

  
Daily Inter Bank Currency Exchange Rates 11th November 2009

Currency

Rate

EURO

1.114

US$

1.674

CHF

1.683

CAN$

1.751

AUS$

1.796

Comments: Sterling had a bad start to yesterday. Fitch, a company who rates government debt, stated that of those countries with a AAA sovereign date rating [this lists includes the US, Germany and France], the UK was at most risk in losing this status. To be honest this is old news and even then Fitch said the outlook for UK debt looked stable but it still led to a wobble for sterling early on. We also had a widening of the UK trade deficit which was a surprise as the expectation was with sterling weakening our exports should be growing and our imports shrinking. Just shows how little economics can at times bear to the real world. But overall sterling continues to hold its own.

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.
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).