Will the Euro weaken further?
May 19, 2010 $ Dollars, Aed Dirhams, Currency News, £ GB Pounds
Wednesday 19th May, 2010, Global Currency Exchange market comment
Buying, or selling, euros? Now could be the time to make a move.
Most people believe the euro has further to slide against the dollar and the aed of Dubai and Abu Dhabi. If you HAVE to sell euros soon, for dollars or aed, then you may want to talk to us about setting a rate, or just buy now!
EURO to USD / AED: The Euro slid again yesterday against the US Dollar, dropping to below $1.22. This had a great deal to do with Germany’s announcementthat they wish to ban “short selling” of shares and euro government bonds among its 10 most important financial institutions. This was the lowest figure against the dollar since April 2006.
POUND TO EURO: The pound continues to hold at over 1.15, with some good news coming from the Bank of England. It looks likely that the Bank will maintain interest rates at the current low level. British businesses can take advantage of the situation, with the lowest period of borrowing at this level for some considerable time. This, in turn, will help the economy to recover at a faster rate than Europe.
POUND to US DOLLAR: With some good news coming out of the UK economy, the Pound has slowed it’s decline, but sits at an uncomfortable $1.42. Most economists believe, Sterling will go lower against the USD.
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.
Tags: aed, australian, buy euros, canadian, dhms, dirhams, dollars, dubai, pounds, sell euros
Is now a good time to buy or sell?
May 14, 2010 Uncategorized
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:
-
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.
-
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.
Tags: aed, aud, dhms, dirhams, dollars, euros, is now a good time to buy, now a good time to sell, pounds, usd
aed dhs rates for Abu Dhabi and Dubai
May 12, 2010 Aed Dirhams
The UAE Dirham rates this morning versus other currencies including British Pounds Sterling, euros, USD, Canadian and Australian dollars, Russian Rubles together with Japanese Yen were….
Base currency United Arab Emirates Dirhams, dhs aed, for Dubai and Abu Dhabi on 12th May, 2010
| Currency | Code | AED/1 Unit | Units/1 AED |
| Australian Dollar | AUD | 3.2978 | 0.3035 |
| Brazilian Real | BRL | 2.0719 | 0.4843 |
| Canadian Dollar | CAD | 3.5919 | 0.2786 |
| Swiss Franc | CHF | 3.3117 | 0.3021 |
| Egyptian Pound | EGP | 0.6598 | 1.5377 |
| Euro | EUR | 4.6698 | 0.2143 |
| British Pound | GBP | 5.4609 | 0.1832 |
| Hong Kong Dollar | HKD | 0.4722 | 2.1188 |
| Indian Rupee | INR | 0.08141 | 12.2942 |
| Japanese Yen | JPY | 0.03965 | 25.2395 |
| New Zealand Dollar | NZD | 2.6422 | 0.3789 |
| Polish Zloty | PLN | 1.1594 | 0.8647 |
| Russian Rouble | RUB | 0.1215 | 8.2412 |
| Swedish Krona | SEK | 0.4849 | 2.0655 |
| Thai Baht | THB | 0.114 | 8.8484 |
| US Dollar | USD | 3.6737 | 0.2723 |
| East Caribbean Dollar | XCD | 1.3759 | 0.7352 |
| South African Rand | ZAR | 0.4883 | 2.0547 |
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.
Tags: abu dhabi, aed, canadian dollars, dhs, dirhams, dollar, dollars, dubai, dubayy, euro, gbp, pound, sterling, uaed, united arab emirates
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