18/11/2009

Smart Daily Currency Note - 18th November 2009

 
Smart Currency Exchange - Daily Currency Rates for Business Users  
Daily Inter Bank Currency Exchange Rates 18th November 2009

Currency

Rate

EURO

1.125

US$

1.682

CHF

1.701

CAN$

1.765

AUS$

1.803

ZAR

12.513

JPY

149.89

HKD

13.042

Comments:  UK inflation figures came in much as expected showing an increase in inflation to 1.5% when including mortgage and housing costs and a reduction in deflation when excluding these items. The increase is thought to be a one off and we should see a fall back in the coming months but it did give support to sterling, especially against the euro, as the market thought it may be an indicator that quantitative easing will not be increased form the current £200bn ceiling. The US$ benefited from comments made as to the US$'s current weakness by the Federal Reserve Chairman. For the Chairman to comment is highly unusual and made the market think about the US$ which benefited from closer scrutiny with the €.

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).