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:
- You agree to buy a property for 200,000 Euros and you have your money currently in Pounds Sterling.
- You are planning to have a 100,000 euro mortgage, so you need to buy 100,000 euros with pounds.
- The exchange rate is at the best rate for selling pounds to buy euros for a while.
- 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
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 |
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
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 |
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
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 |
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
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 |
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
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 |
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
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.
Sorry, we don’t do holiday money, but we do make larger money transfers for businesses and private individuals. Our speciality is commercial transfers for larger sums including regular payroll transfers overseas, payments for international property, supplier payments in foreign currency and currency conversions for hedge funds.
Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
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.
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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
- Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
- GCEN have offices in Dubai for the UAE, Near London, Spain and Portugal
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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.
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