Smart Currency Exchange - Daily Currency Rates for Business Users

Free Daily Inter Bank Currency Exchange Rates

12th November 2008

Currency	Rate
EURO	1.218
US$	1.526
CHF	1.811
CAN$	1.852
AUS$	2.322
JPY	148.68
HKD	11.845

Comments: In spite figures which showed the deficit in UK trade was not as bad as expected in the month of September sterling closed lower against the US$ and only fractionally higher against the euro. The recent trend against the US$ is raising speculation that prices could well move lower than the US$1.50/£1 by the end of the year which is almost 30% down from only one year ago. There will be significant releases regarding the health of the UK economy later today, most notably unemployment data as well as the Bank of England's quarterly inflation report.

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

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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!