Gatehouse Estate

Dollar has started to strengthen

The US Dollar has just started to gain in value against other major currencies. Time for action, if you are looking to buy Dollars at some point soon.

If you have USD, this could be the time to buy dollars and sell GBP, Pounds Sterling, or Euros.

GBP: USD. In May 2010, the USD was worth $1.43 to £1. It was trading this morning a £1.5970 to £1.

However, the Dollar has started to gain back already.

Here is a chart showing the recent performance of the Pound against the dollar. This demonstartes the recent trend, but the dollar has now turned, and is strengthening. Catch it while you can.

.

EUR:USD. In december 2009 you could buy €1.50 for every $1. during 2010, the EUR strenghened against the Dollar to around €1.21 to every $1. Recently, the dollar has strenghened against the euro to around €1.32 to $1.

Today, it looks like the dollar is strengthening. Here is a chart demonstrating the recent downturn in value of the dollar against the euro. What has happened today, is an about-turn, and the dollar is rising.

The main message?

  • If you have a large amount of Dollars… do something! If you want to buy your currency ahead of time, you can. With just a 10% deposit, you can fix the usd rate now, and pay the balance at a fixed point in future but keeping the current rate.
  • If you want to buy Dollars, talk to one of our currency dealers and they will set a rate at which they will contact you so that you can buy your Dollars at the best price possible.

The easiest way to look at this is; if you need to change your money at some point and you need to achieve a certain amount, then you have these options:

  1. Exchange all of your Dollars at today’s rate. This is called a SPOT Contract. It ensures that you fix the rate today and you get your money transferred, to where it needs to be, in good time.
  2. Exchange some of your Dollars and risk the exchange rates going in your favour by the time you need to have the rest of the money changed. This is HEDGING in its simplest form. It does mean you can sleep at night, safe in the knowledge that you’ve made sure you don’t lose too much if the rates don’t go your way.
  3. Exchange your Dollars, at today’s exchange rate, with just 10% deposit. Then pay the balance when you need the money in the future. This is called a FORWARD Contract. This is the way that most of my clients are now exchanging their money. By paying just a 10% deposit, our clients can relax, safe in the knowledge that they have the right amount of money for their property purchase.

Of course, this doesn’t just apply to Dollars. It applies to any tradeable currencies.

If yo have any questions on exchanging your currency, please email me, or call 0044 (1)480 458400

Australian Dollar takes a pounding

A quick alert bulletin on the Australian Dollar

One of the major currencies saw substantial movement yesterday and you may wish to take advantage of this.

The Aussie dollar has had a rough ride on the currency markets for around a month. But the AUD dipped substantially yesterday against the US Dollar, Pound and the Euro.

Now could be a good time make your move as this slide has taken a very dramatic turn.

Yesterday:

  • The Aussie dollar lost around 2 cents against the US Dollar.
  • The Euro gained around 4.5 cents.
  • The Pound gained around 4.4 cents

Just a month ago, the Aussie dollar was at 0.92 against the USD. It’s dipped today to 0.8356.

If you’d like to discuss how we can help you to buy, or sell Australian Dollars, please get in touch soon. If you don’t have the full amount to trade now, but would like to buy straight away, we can do this by using a 10% deposit.

Set your price here, and we will get back to you.

How to Buy a Forward Currency Conract, and Save money

How to Buy a Forward Currency Contract.

If you have a need to fix a currency exchange rate today, for a payment date at some future point, then you are likely to need a Forward Currency Contract.

  • You may have agreed to buy a property today, but the completion of the legal paperwork may be set for 2 month’s time
  • You may be in business, and need to fix the price of ordered imports at today’s exchange rate. Especially, if you anticipate that the exchange rate may not be as much in your favour when you need to pay for the goods.
  • You may work abroad and have a need to regularly transfer a sum of money, but you believe that the exchange rate is at it’s best today

 As long as you believe that the exchange rate is good , and you have 10% of the full amount you want to buy, then a Forward Currency Contract could be the choice for you.

Here’s an example:

  1. You agree to buy a property for 200,000 Euros and you have your money currently in Pounds Sterling.
  2. You are planning to have a 100,000 euro mortgage, so you need to buy 100,000 euros with pounds.
  3. The exchange rate is at the best rate for selling pounds to buy euros for a while.
  4. In this example, the GBP:EUR exchange rate is 1.17 to 1, then the property is costing you £170,940.

If the exchange rate changes to 1.08 by the time that you need to change the money, then the price of the property effectively goes up by £14,245 to £185,185.

As you will be changing half of that amount, you will need to find an extra £7122 on the completion date.  

To avoid this, all you have to do is:

  • Agree to buy €100,000 today, at a rate of 1.17, but send your currency dealer just 10% as a deposit.
  • Pay the balance on the day that the contract ends, which can be set for over a year’s time.

The downside? Well, of course, the exchange rate may go the other way. But, you will at least have the comfort of knowing that the price of your property purchase is fixed.

FAQ: Can I have the money earlier than planned?

Yes, because your currency can create the currency exchange as a “Time Option Forward Currency Contract”. Provided you send the money to the currency broker, they will change it and send it to wherever you ask at any date before the final day of the contract.

To discuss how your currency dealer can help you with a Forward Currency Contract, please speak to Zoe on 0044 (0)1480 458400. www.fx-foreignexchange.com

Buy and Sell US Dollars at the Best Exchange Rates Today



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

Buy and Sell foreign currency at the best rates available today.

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 1st December 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham

AED

0.165

6.0631

Australian Dollar

AUD

0.5545

1.8043

Brazilian Real

BRL

0.3476

2.8864

Canadian Dollar

CAD

0.5735

1.7446

Swiss Franc

CHF

0.6042

1.6556

Egyptian Pound

EGP

0.1117

9.0836

Euro

EUR

0.9109

1.0981

Hong Kong Dollar

HKD

0.07821

12.7896

Indian Rupee

INR

0.01305

76.9883

Japanese Yen

JPY

0.007013

142.635

New Zealand Dollar

NZD

0.4342

2.3044

Polish Zloty

PLN

0.2197

4.5648

Russian Rouble

RUB

0.02075

48.2176

Swedish Krona

SEK

0.08708

11.5013

Thai Baht

THB

0.0183

55.01

US Dollar

USD

0.6061

1.6502

East Caribbean Dollar

XCD

0.2405

4.2079

South African Rand

ZAR

0.08209

12.2122

save_money_currency_exchange_services

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.

Buy & Sell Rates Today for Pound Sterling



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

Buy and Sell foreign currency at the best rates available today.

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 6th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham AED 0.1646 6.0803
Australian Dollar AUD 0.5491 1.822
Brazilian Real BRL 0.3513 2.8559
Canadian Dollar CAD 0.5678 1.762
Swiss Franc CHF 0.5944 1.6829
Egyptian Pound EGP 0.1112 9.1035
Euro EUR 0.8978 1.114
Hong Kong Dollar HKD 0.07798 12.8263
Indian Rupee INR 0.01285 77.9255
Japanese Yen JPY 0.006678 149.78
Polish Zloty PLN 0.2111 4.7481
Russian Rouble RUB 0.02079 48.1433
Swedish Krona SEK 0.08605 11.6377
Thai Baht THB 0.01811 55.3884
US Dollar USD 0.6043 1.655
East Caribbean Dollar XCD 0.2333 4.336
South African Rand ZAR 0.07917 12.6573

save_money_currency_exchange_services

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.

Pound still Strong



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

Buy and Sell foreign currency at the best rates available today.

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 5th November 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham AED 0.1652 6.0584
Australian Dollar AUD 0.5494 1.8208
Brazilian Real BRL 0.3509 2.8584
Canadian Dollar CAD 0.5701 1.7551
Swiss Franc CHF 0.5929 1.6873
Egyptian Pound EGP 0.1117 9.0681
Euro EUR 0.8958 1.1166
Hong Kong Dollar HKD 0.07826 12.7808
Indian Rupee INR 0.01288 77.8359
Japanese Yen JPY 0.006695 149.406
New Zealand Dollar NZD 0.4386 2.2811
Polish Zloty PLN 0.2109 4.7524
Russian Rouble RUB 0.02076 48.2118
Swedish Krona SEK 0.08596 11.6487
Thai Baht THB 0.01817 55.2207
US Dollar USD 0.6065 1.6491
East Caribbean Dollar XCD 0.2333 4.337
South African Rand ZAR 0.0784 12.7847

save_money_currency_exchange_services

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.

GBP Pound Sterling Rates today



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

Buy and Sell currency at the best rates available today.

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 15th October 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham AED 0.1706 5.864
Australian Dollar AUD 0.5717 1.7498
Brazilian Real BRL 0.366 2.741
Canadian Dollar CAD 0.6093 1.6421
Swiss Franc CHF 0.6151 1.6263
Egyptian Pound EGP 0.1152 8.7881
Euro EUR 0.9329 1.0721
Hong Kong Dollar HKD 0.08086 12.3699
Indian Rupee INR 0.0136 73.7687
Japanese Yen JPY 0.007011 142.676
New Zealand Dollar NZD 0.4634 2.159
Polish Zloty PLN 0.2219 4.5167
Russian Rouble RUB 0.0213 46.9942
Swedish Krona SEK 0.09052 11.0604
Thai Baht THB 0.01888 53.4493
US Dollar USD 0.6266 1.5961
East Caribbean Dollar XCD 0.2329 4.3413
South African Rand ZAR 0.08608 11.6449

save_money_currency_exchange_services

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.

British Pound Sterling value this morning



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

Buy and Sell currency at the best rates available today.

The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.

The exchange rates for currency, London pound sterling, GBP, for the morning of 14th October 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.

Currency Code GBP/1 Unit Units/1 GBP
Utd. Arab Emir. Dirham AED 0.1722 5.8106
Australian Dollar AUD 0.5737 1.7438
Brazilian Real BRL 0.3646 2.7518
Canadian Dollar CAD 0.6121 1.6344
Swiss Franc CHF 0.6171 1.6211
Egyptian Pound EGP 0.1162 8.7169
Euro EUR 0.9362 1.0683
Hong Kong Dollar HKD 0.0816 12.2576
Indian Rupee INR 0.01365 73.49
Japanese Yen JPY 0.007044 142.015
New Zealand Dollar NZD 0.4658 2.148
Polish Zloty PLN 0.2219 4.5169
Russian Rouble RUB 0.02141 46.7387
Swedish Krona SEK 0.09062 11.0481
Thai Baht THB 0.01905 52.8344
US Dollar USD 0.6324 1.5816
East Caribbean Dollar XCD 0.2351 4.3019
South African Rand ZAR 0.08617 11.6421

save_money_currency_exchange_services

Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.

Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.

Todays Latest Rates Of Exchange



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

Today’s global currency exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just use the currency converter on the right. We trade commercial amounts at commercial rates.  

 

Just call our Head Office on +44 1480 458400. 

IF outside the UK, or 01480 458400 ( in the Uk).

    We will quote you the best exchange rate for Euro, usd, gbp, aed and more.
    Currency Exchange conversion is all we do, so let us handle your commercial money transfers overseas.
    .
    .

Time to Buy Euros, Sell Dollars?

Time to Sell your Dollars and Buy Euros?

The US Dollar has climbed back to a six-month high against the Euro. With continuing fears that the European economy is transferring from a gentle slow-down to a full-blown recession, the Dollar has made vast gains in the foreign exchange rate.

The German economy seems to be the largest cause for concern, with a low of $1.4571 to one Euro on Tuesday. Leading market analysts have expressed views that Germany appears to be heading into recession and will likely drag the rest of Europe with it.

The American dollar has taken full advantage of the situation, but European exporters must be pleased with the current situation as their goods will now be cheaper overseas.

Exporters from Europe can take advantage of the fluctuating rates by contacting a currency broker and arranging for forward ordering of currency to be made on their behalf.

Fx-foreignexchange have currency dealers specifically allocated to business accounts. The currency dealers develop an insight into their client’s needs and buy, or sell, foreign exchange accordingly leaving their clients to do what they do best while saving money.

Currency Rates for Today



Currencies - Cross Rates

 AUDEURGBPUSDCHFAED
AUD10.73160.630850.984920.904333.62178
EUR1.3668710.862291.346261.236094.9505
GBP1.585161.159711.561251.43355.74109
USD1.015310.74280.6405110.918173.67723
CHF1.10580.8090.697591.0891214.00495
AED0.276110.2020.174180.271940.249691
Other Currencies
Live currency exchange rates are shown in the table above. They are updated every 12 minutes and display the mid rate between the buy and sell rates.

To view the exchange rates on the date that this post was published, view below.

We buy and sell many more currencies that the ones shown. To find out what the current exchange rates are for other currencies, just use our currency converter tool, or click “Other currencies” below the table. No commission and No transfer fees.

Is it safe? See our Security & regulations information. Make Transfers: OPEN A CURRENCY EXCHANGE ACCOUNT HERE

Open a currency trading account

  • GCEN have offices in Dubai for the UAE, Near London, Spain and Portugal
  • The euro fell over a cent to a six month low against a strong US dollar on Tuesday after weak figures were released in Germany. Therefore increasing speculation that Europe’s economy is slowing down and could be heading to a recession.
  • The strength of the US Dollar leaves the euro under a lot of pressure, many speculating that the European Central Banks next move will be a rate cut, not a rise.

CURRENCIES

HIGH

LOW

GBP-EUR

1.2584

1.2302

GBP-USD

1.8589

1.8176

GBP-AED

6.7839

6.6983

GBP-BRL

3.0038

2.9656

GBP-EGP

9.9025

9.6521

GBP-TRY

2.2027

2.1510

EUR-USD

1.4760 1.4381

EUR-BRL

2.4046

2.3579

EUR-AED

5.4003

5.2733

USD-AED

3.6722

3.671

USD-EUR 0.68273 0.6706
AED-ZAR 2.10320 2.0821
USD-EGP 5.3627 5.2276

n.b these are just indication rates as of 8.30am on Tuesday 26th August

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, fill in the short form below, and we will get back to you with the best foreign currency exchange rate.

Contact me with the best rate
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Gatehouse Estate