12/11/2009

Smart Daily Currency Note - 12th November 2009

 
Smart Currency Exchange - Daily Currency Rates for Business Users  
Daily Inter Bank Currency Exchange Rates 12th November 2009

Currency

Rate

EURO

1.106

US$

1.654

CHF

1.673

CAN$

1.733

AUS$

1.776

ZAR

12.245

JPY

148.56

HKD

12.824

Comments:  Mervyn King did it again. He opened his mouth and sterling went down. The Bank of England released their quarterly inflation report which continued the theme of tough times ahead with inflation unlikely to hit the 2% target anytime soon. However the BoE was more upbeat on growth targets in the next couple of years than previously which was a positive. Where Mervyn King came in was to say that this was off a very low base. There was some good news on the unemployment front where it showed that the increase was less than forecast and the hope is that unemployment is close to its peak. But I suspect we have to wait to see if we can avoid a double dip recession. Elsewhere we saw the US$ hit a 15th month low against a basket of major currencies as risk appetite increased.

Note:  All rates are mid market inter bank and indicative at the point of publication. 

To get live pricing contact Carl on 0845 638 0571 (+44 0207 898 0541) or email: Carl@SmartCurrencyBusiness.com



phone: 0845 638 0571 (from overseas +44 0207 898 0541)
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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).