17/11/2009

Smart Daily Currency Note - 17th November 2009

 
Smart Currency Exchange - Daily Currency Rates for Business Users  
Daily Inter Bank Currency Exchange Rates 17th November 2009

Currency

Rate

EURO

1.125

US$

1.684

CHF

1.701

CAN$

1.769

AUS$

1.808

ZAR

12.430

JPY

149.57

HKD

13.051

Comments:  A good day for sterling on the back of no significant UK economic data. More a case of what was happening elsewhere. Robust US retail figures increased risk appetite which is, in these current times, a trigger for further US$ weakening. We also had reports coming out on how euro zone companies are struggling with the strong euro especially when competing with the US$ at levels around US$1.5/€1. So we wait to see where the current "rally" in sterling takes us.

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)
email: Carl@SmartCurrencyBusiness.com
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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).