19/11/2009

Smart Daily Currency Note - 19th November 2009

 
Smart Currency Exchange - Daily Currency Rates for Business Users  
Daily Inter Bank Currency Exchange Rates 19th November 2009

Currency

Rate

EURO

1.122

US$

1.667

CHF

1.698

CAN$

1.771

AUS$

1.815

ZAR

12.581

JPY

148.52

HKD

12.925

Comments:  Sterling fell back yesterday morning following the release of the minutes of the last meeting of the Bank of England's monetary policy committee. These minutes highlighted their discussion on lowering interest rates even further on what they pay on deposits held with the BoE. The aim would be to get the financial system to pump extra funds/liquidity into the economy. This is quantitative easing by the back door and that is why sterling suffered. But sterling did slowly recover during the course of the day which can be taken as a positive.

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
 web: http://www.SmartCurrencyBusiness.com


Smart Currency Exchange | 1 Lyric Square | Hammersmith | London | W6 0NB | UK

© 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.



Click here to unsubscribe

Weekly Update on GBP, EUR, USD & Commodity-Backed Currencies

Smart Resources

Currency Report
Have you read our 10-page Currency Report 'Why UK businesses unknowingly lose £££'s on making and receiving international payments...And what they can do to avoid it!" Get the report here!

Currency Quotation
Are you interested in a currency rate for euros, US dollars or any other currency? If so, please call 0808 163 0102 fill out our Smart quotation form.

Smart Articles (For Clients & Press)
Read recent articles published in a variety of publications or request information on our Smart Media page.

Main Smart Currency Business Website
Get information on all the Smart services, educational resources and access to our FAQ's plus much more! Visit main website here.


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).