Today’s Market Comment on Currency values
Friday 14th May, 2010. Global Currency Market Comment
Looking to buy or sell currency now? Use the currency converter on the right, and get the best exchange rates today.
Yesterday, was yet another turbulent day for both Sterling and the Euro. Both currencies lost ground against the US Dollar in particular. Now that the UK election result is agreed, all attention has turned on the uncertainty before the UK Chancellor’s emergency budget due within the first 50 days.
GBP: USD. The pound started off well enough at about $1.49, but sank to below $1.46 this morning. It would seem that the market currently prefers dollars, but that may change following the announcement in the US, that eight banks are facing investigation into the ratings of their mortgage products in the run-up to the financial crisis.
EUR:USD. It isn’t clear why the euro is struggling so much, given that the Eurozone has recently announced some reasonable economic data. It’s possible that the markets are becoming more anxious about the medium term prospects of theeconomic recovery in Europe. The Euro has dropped to close to $1.25. If the markets are concerned, expect this to go lower.
GBP:EUR. Early on in March, 2010, we saw the €1.10, now we’re regularly seeing €1.17 to €1.18. The last time we had rates like this, was between mid-june and early August 2009. After then, it dropped suddenly to €1.07, and we had many customers who had held off. They lost their opportunity.
With the currency rates altering as quickly as they are, we suggest you choose from the following:
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If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
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If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.
Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value. Sorry, we don’t handle cash in any way.
Pound Sterling price today Versus Major´s
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 20th 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 | 0.1667 | 6.0012 |
| Australian Dollar | AUD | 0.5637 | 1.7747 |
| Brazilian Real | BRL | 0.3591 | 2.8005 |
| Canadian Dollar | CAD | 0.5914 | 1.6919 |
| Swiss Franc | CHF | 0.6026 | 1.66 |
| Egyptian Pound | EGP | 0.1126 | 8.9949 |
| Euro | EUR | 0.9132 | 1.0953 |
| Hong Kong Dollar | HKD | 0.07901 | 12.66 |
| Indian Rupee | INR | 0.01326 | 76.0037 |
| Japanese Yen | JPY | 0.006745 | 148.306 |
| New Zealand Dollar | NZD | 0.4571 | 2.189 |
| Polish Zloty | PLN | 0.2185 | 4.5881 |
| Russian Rouble | RUB | 0.02089 | 47.9016 |
| Swedish Krona | SEK | 0.08815 | 11.359 |
| Thai Baht | THB | 0.0184 | 54.7639 |
| US Dollar | USD | 0.6123 | 1.6334 |
| East Caribbean Dollar | XCD | 0.2276 | 4.443 |
| South African Rand | ZAR | 0.08352 | 12.0314 |
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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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.
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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.
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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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