FX-Foreign Exchange

Euro Rates

2012-05-16T23:13:13-07:00

Euro value on 17th May, 2012

For live foreign global currency exchange rates vs British Pounds, either use our currency converter, or go to our LIVE Currency Exchange Rates Information.

	1 EUR	in EUR
American Dollar	1.2863	0.777424
Argentine Peso	5.71252	0.175054
Australian Dollar	1.2881	0.776337
Brazilian Real	2.5417	0.393437
British Pound	0.8	1.25
Bulgarian Lev	1.95581	0.511298
Canadian Dollar	1.2911	0.774535
Chilean Peso	631.428	0.00158371
Chinese Yuan	8.1325	0.122963
Colombian Peso	2280.96	0.000438413
Croatian Kuna	7.5163	0.133044
Danish Krone	7.43329	0.13453
Hong Kong Dollar	9.98899	0.10011
Hungarian Forint	291.77	0.00342736
Iceland Krona	163.071	0.00613231
Indian Rupee	69.415	0.0144061
Indonesian Rupiah	11895.8	8.40633e-05
Israeli New Shekel	4.9263	0.202992
Japanese Yen	102.64	0.00974279
Latvian Lat	0.6975	1.43369
Lithuanian Litas	3.4528	0.28962
Malaysian Ringgit	3.9644	0.252245
Mexican Peso	17.558	0.0569541
New Zealand Dollar	1.6534	0.604816
Norwegian Kroner	7.59149	0.131726
Pakistan Rupee	116.946	0.00855097
Philippine Peso	55.015	0.0181769
Romanian Leu	4.4406	0.225195
Russian Ruble	39.0441	0.0256121
Singapore Dollar	1.61699	0.618431
South African Rand	10.5421	0.0948578
South Korean Won	1481.89	0.000674812
Sri Lanka Rupee	165.606	0.00603843
Swedish Krona	9.002	0.111086
Swiss Franc	1.201	0.83264
Taiwan Dollar	38.0496	0.0262815
Thai Baht	40.313	0.0248059
Trinidad/Tobago Dollar	8.21903	0.121669
Turkish Lira	2.325	0.430108
Venezuelan Bolivar	5.52397	0.181029

For live foreign global currency exchange rates vs euros, either use our currency converter, or go to our LIVE Currency Exchange Rates Information.Buy and sell euros at the best rates here. The rates shown are interbank rates at a fixed point and are presented as a presented as a guide to the foreign exchange rates this morning. As foreign exchange services providers, we buy and sell pounds at the best rates here. The rates shown are interbank rates at a fixed point and are presented as a guide.Our currency service is for clients who need to make bank transfers. We do not handle cash.Call us for our best euros price. +44 (0)1480 458400 or 07525 98445610

British Pound Rates

2012-05-16T23:13:02-07:00

British Pound Sterling value on 17th May, 2012

For live foreign global currency exchange rates vs British Pounds, either use our currency converter, or go to our LIVE Currency Exchange

	1 GBP	in GBP
American Dollar	1.60787	0.621939
Argentine Peso	7.14065	0.140043
Australian Dollar	1.61013	0.62107
Brazilian Real	3.17713	0.31475
Bulgarian Lev	2.44476	0.409039
Canadian Dollar	1.61387	0.619628
Chilean Peso	789.285	0.00126697
Chinese Yuan	10.1656	0.0983707
Colombian Peso	2851.2	0.00035073
Croatian Kuna	9.39537	0.106435
Danish Krone	9.29162	0.107624
Euro	1.25	0.8
Hong Kong Dollar	12.4862	0.0800882
Hungarian Forint	364.713	0.00274188
Iceland Krona	203.838	0.00490585
Indian Rupee	86.7688	0.0115249
Indonesian Rupiah	14869.8	6.72506e-05
Israeli New Shekel	6.15787	0.162394
Japanese Yen	128.3	0.00779423
Latvian Lat	0.871875	1.14695
Lithuanian Litas	4.316	0.231696
Malaysian Ringgit	4.9555	0.201796
Mexican Peso	21.9475	0.0455633
New Zealand Dollar	2.06675	0.483852
Norwegian Kroner	9.48937	0.105381
Pakistan Rupee	146.182	0.00684077
Philippine Peso	68.7688	0.0145415
Romanian Leu	5.55075	0.180156
Russian Ruble	48.8051	0.0204897
Singapore Dollar	2.02124	0.494745
South African Rand	13.1776	0.0758862
South Korean Won	1852.37	0.000539849
Sri Lanka Rupee	207.007	0.00483074
Swedish Krona	11.2525	0.0888691
Swiss Franc	1.50125	0.666112
Taiwan Dollar	47.5621	0.0210252
Thai Baht	50.3913	0.0198447
Trinidad/Tobago Dollar	10.2738	0.0973351
Turkish Lira	2.90625	0.344086
Venezuelan Bolivar	6.90497	0.144823

Buy and sell Pounds Sterling at the best rates here. The rates shown are interbank rates at a fixed point and are presented as a guide to the foreign exchange rates this morning. As foreign exchange services providers, we buy and sell pounds at the best rates here. The rates shown are interbank rates at a fixed point and are presented as a guide only. Call us for our best GBP, Pounds Sterling price. +44 (0)1480 458400 or 07525 984456

US Dollar Rates

2012-05-16T23:12:35-07:00

US Dollar value on 17th May 2012

For live foreign global currency exchange rates vs usd, either use our currency converter, or go to our LIVE Currency Exchange Rates Information.

	1 USD	in USD
Argentine Peso	4.44105	0.225172
Australian Dollar	1.0014	0.998602
Brazilian Real	1.97598	0.506078
British Pound	0.621939	1.60787
Bulgarian Lev	1.52049	0.657683
Canadian Dollar	1.00373	0.996284
Chilean Peso	490.887	0.00203713
Chinese Yuan	6.3224	0.158168
Colombian Peso	1773.27	0.00056393
Croatian Kuna	5.84335	0.171135
Danish Krone	5.77882	0.173046
Euro	0.777424	1.2863
Hong Kong Dollar	7.76568	0.128772
Hungarian Forint	226.829	0.00440861
Iceland Krona	126.775	0.00788799
Indian Rupee	53.9649	0.0185306
Indonesian Rupiah	9248.08	0.000108131
Israeli New Shekel	3.82982	0.261109
Japanese Yen	79.7948	0.0125321
Latvian Lat	0.542253	1.84416
Lithuanian Litas	2.68429	0.372538
Malaysian Ringgit	3.08202	0.324463
Mexican Peso	13.65	0.0732601
New Zealand Dollar	1.28539	0.777974
Norwegian Kroner	5.90181	0.16944
Pakistan Rupee	90.9165	0.0109991
Philippine Peso	42.77	0.0233809
Romanian Leu	3.45223	0.289668
Russian Ruble	30.3538	0.0329448
Singapore Dollar	1.25709	0.795488
South African Rand	8.19568	0.122016
South Korean Won	1152.06	0.00086801
Sri Lanka Rupee	128.746	0.00776723
Swedish Krona	6.99837	0.14289
Swiss Franc	0.933686	1.07102
Taiwan Dollar	29.5807	0.0338058
Thai Baht	31.3403	0.0319078
Trinidad/Tobago Dollar	6.38967	0.156503
Turkish Lira	1.80751	0.553247
Venezuelan Bolivar	4.29447	0.232858

Call us for our best US Dollar price. +44 (0)1480 458400 or 07525 984456

Greece and the Euro dominating FX Foreign Exchange News Wednesday 16th May, 2012

2012-05-16T00:32:55-07:00

As we write this morning we now know that Greece will hold new elections in 3-5 weeks after Greek parties have aborted any attempt of forming a coalition government. What we all thought would never happen; it is now battering the global markets.

Greece it seems is now moving closer to the abyss, immediate consequence for the country will be new elections within the next three to five weeks, a time-horizon wide enough to deepen the political and economic crisis and maybe to start planning a new life in drachmas.

The Bank of England Governor Mervyn King is now looking set to leave the door open to more support for the struggling economy. The Bank of England’s new economic outlook is being presented today, which is likely to show a tricky mix of lower growth and higher inflation ahead.

Over night we saw the EUR/GBP rise to 0.8012 due to better than expected German GDP data. However, it was not long before they were giving up those gains later in the day on news that another Greek election is in the pipeline, falling to a fresh multi-year low of 0.7951 as GBP is a relative safe-haven amid the EUR storm.

Germany seems to be holding up the Euro zone at the moment as it helped the Euro zone avoid its second recession in three years. Overall gross domestic product stagnated in the first three months of 2012, compared to the previous quarter, Eurostat data showed on Tuesday.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Daily FX News Tuesday 15th May, 2012

2012-05-15T00:53:14-07:00

The European markets fell on Monday with the worries about Greece, where party leaders are still unable to form a coalition government, is close to leaving the Eurozone. Spanish and Italian bond yields surged on fears of contagion.

If no deal is reached, President Papoulias will be forced to appoint the president of the Supreme Court, Council of State or Court of Audit as prime minister to form a caretaker government until a new government is formed. Many now fear that Greece will run out of cash by early July if troika withholds next aid as chances to detail savings of €11bn next month in accordance with bailout terms are slim.

In Asia Japanese consumer confidence was almost unchanged in April, with a Cabinet Office survey showing this and this supports the view that the economy remains on a recovery track

.EUR/USD is continuing to sell off, since there are currently no signs of a possible recovery in the near term. The currency pair is presently attempting to stabilise at 1.2830/18.

Yesterday saw U.K. stocks tumbled with the benchmark FTSE 100 Index falling 1.97%, or 110.00 points, to 5,465.52. The FTSE All-Share Index lost 1.94%, or 56.16 points, to 2,841.63.

The GBP continues its move higher this morning ahead of the trade balance figures in the UK. The Market consensus is that the deficit is to narrow to £8.4 billion in March from £8.77 billion in the previous month.

The pound has surprised investors lately as it has decoupled from the single currency amidst increasing risk aversion, stubbornly keeping the 1.6100 mark and dragging EUR/GBP to levels last seen in late 2008

FX-Foreign Exchange News Monday 14th May, 2012

2012-05-14T00:47:13-07:00

All of the Greek political leaders, which include New Democracy, the Coalition of the Radical Left (SYRIZA) and PASOK, concluded a final plea without being able to reach common ground on forming a coalition government. President Karolos Papoulias encouraged them as much as possible to unite positions, the pro and anti-bailout view still remains the sticking issue.

All of the Party leaders made no statement to journalists apart from ND chief Antonis Samaras who said “discussions will continue”. The next round of talks is scheduled to resume today at 16:30 GMT.

The EUR/USD is this morning at 1.2890 after a quiet session in Asia. There have been fresh 14 week lows at 1.2878 and after the retail opening and during the Tokyo session there were highs of 1.2878.

With the London session about to open the agenda will be busy in sovereign debt auctions. Firstly we will see the German WPI for the month of April at 06:00 GMT followed by UE industrial production at 09:00 GMT. There will also be long term Italian debt auctions at 09:00 GMT, as well as short term ones from Spain, France and Germany, along with meetings among the Greek political leaders in order to find a solution to the lack of agreement to form a coalition and govern the country.

On a positive note U.S. consumer confidence rose by more than expected in May as consumers became more optimistic on the outlook of the country’s economy after a report showed that highest level in four years in May. This in turn saw the European stocks climb on Friday.

As we write this morning the USD/JPY is continuing to trade at a limited range around 80.00 and is waiting for Bank of Japan intervention /measures or fresh US data to pick a new direction. The pair has touched a 6-day high of 80.11 during the Asian Session but has pulled back to levels back below the handle, last at 79.95.

Daily Foreign Exchange News Friday 11th May, 2012

2012-05-11T00:28:02-07:00

The EUR/USD bloc currency is trading at levels last seen in January as the Asian trade is closing. It seems that the recovery yesterday was just to be enjoyed for a few moments after weaker than expected date from China and a $2 billion trading loss that JP Morgan have reported after the close in the US markets yesterday. The markets seemed to have hit reality again.

The German Chancellor Angela Merkel spoke before the Bundestag on Thursday and has reiterated that the implementation of austerity measures combined with stimulation of growth is the only way to combat the EU debt crisis.

Japanese shares fell for a second day with the Nikkei 225 Stock Average sliding to a three month low; as concerns grow Greece may exit the euro and are slowing China trade sapped demand for riskier assets.

The GBP/USD is currently entering Europe at session lows and has been trading between 1.6115 and 1.6150 this Friday in Asia. News of JP Morgan’s $2 billion trading loss weighed on sentiment, along with uncertainty surrounding the Greek political situation.

The Bank of England have continued to keep the rates on hold and have refrained from additional stimulus on Thursday. The Monetary Policy Committee boosted asset purchase facility to 325 billion pounds in February.

The EUD/JPY currency couple is likely to remain bearish due to its inability to surge above a tough resistance at 80.55.

Foreign Exchange Daily News 10th May, 2012

2012-05-10T00:44:20-07:00

The EUR/JPY is currently holding above 103.00 after a struggle around this level and is now quoting around 103.24 as we write. The rumors are strong that only €4.2 of the €5.2 billion due on May will be paid and only to a blocked account. Which will leave the rest to be paid in June and if Greece keeps its bailout terms.

Yesterday saw the European stocks drop for the second day to the lowest level in almost four months as investors sit and wait to see if a resolution can be reached to the political
Impasse in Greece and as Spanish credit risks surge.

In the UK retail sales fell the most in more than a year as it seems the bad weather and consumer caution on spending has stopped us spending in the shops!

The pound sterling is showing a lot of strength and resilience after the recent risk sell off trading back above the 1.6100 mark on Thursday and after yesterdays short lived dip to the 1.6065 region.

The USD/JPY couple is highly likely to remain bearish due to its inability to surge above the tough resistance at 80.55

The USD/CAD was testing parity yesterday has already bounced again during Asian trading to repeat the same activity back to the 1.0000 area. As we write the downside is finding support at the psychological level despite correcting the USD flows. Later today the International merchandise trade and new housing price index figures are due in Canada.

Daily FX News Wednesday 9th May, 2012

2012-05-09T00:44:34-07:00

As we write this morning the EUR/GBP cross is approaching 0.8000 and is printing lows that have not been seen since November 2008. Currently the single currency has an accumulated daily loss of 0.05% and is holding firm after the release of the trade balance figures from the Eurozone’s biggest economy, Germany. The Pair is currently trading at 0.8044 facing resistance at 0.8067, ahead of 0.8086 and 0.8097.
Germany’s industrial production unexpectedly soared in March which has added to the sign that Germany is weathering the debt crisis. Production has jumped from 2.8 %.
In the US the stocks fell on Tuesday as Greece’s bailout pledge has started to come into question.
The AUD/USD is currently bouncing from 1.0052 low and rises towards the 1.1000 area. The pair is currently weak since the RBA’s interest rate cut by 50 bps coming from a 1.043 high and plunged almost 400 pips for now to get to 1.0052 a low which is very close to parity.
The USD/JPY has recently traded flat and may still reach lower levels at 79.15/78.90 given that the resistance line situated at 80.64 is a tough level.
The election results that took place in Greece over the weekend continue to weight down the euro.
The EUR/USD cross has remained nearly indifferent after the German trade surplus came in unchanged at €13.7 billion during March which was a touch above the €13.5 billion estimated.
We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Foreign Exchange Daily News Tuesday 8th May, 2012

2012-05-08T00:42:26-07:00

The Bank Holiday in the UK kept the GBP/USD from seeing more currency moves after the elections on Sunday in France and Greece and as we write this morning we see that the GBP/USD has plunged by about 30 pips. It is thought that it may dip to 1.6050 or 1.5945. This is viewed as a short term development before the bullish bias is reignited once again.

This morning the EUR/USD which bottomed out in the 1.3025 area seems to be recovering some ground prior to the close of the Asian Session. The cross seems to have gained some traction along with risk related assets, after the sharp declines at the beginning of the week due to the political events over the weekend.

Yesterday, saw the Nikkei Stock Average tumble sharply as the French Socialist leader Francois Holande was elected President which has now added to the fears that austerity measures would face resistance in Europe. Export shares have also fallen due to the worries that the Euro will depreciate and may curb the value of Japanese trading in the region.

In Germany factory orders have risen by more than forecast in the month of March which is a good sign that the larges economy in Europe is weathering the debt crisis.

The EUR/JPY has just bounced off of 103.24 and is advancing towards resistances at 104.62, 105.17/36 and 106.14.