Currency Exchange Update

As there have been significant changes in the currency markets over the last few days, I thought I’d drop you a line just in case you were thinking of exchanging currency.

I have kept this update to the main currencies. However, if you require a quote for any other currency types, please just email me here, or call me on the usual numbers, displayed at the end of this email.

 Today, US markets have shown the Dollar making modest gains against the Euro and Pound, while the Yen has dropped across the board.

Euro to US Dollar: The Euro has lost some of the ground that it gained yesterday. After hitting a two-week high of 1.3785, the rate has dropped back slightly. Bear in mind that we were at 1.50 just a few weeks ago. If you have Dollars to change to Euros, you may want to talk to us even if you don’t need the money changed straight away. As long as you have a 10% deposit, we can secure the rate for the balance to be paid when you need the money.

 Pound to US Dollar: We were at 1.63 Dollars to GBP a few weeks ago, but we’re now around 1.58. The rate was a little lower at 1.5625 yesterday. Likewise, if you have Dollars and want to buy Pounds, talk to us as soon as possible. If you have Pounds to change to Dollars, let us know what rate you’d like to change at, and we’ll contact you as soon as it reaches that level

The Yen has been the big loser over the last few days.

• The US Dollar to JPY has changed significantly since the low of 88.55 on Feb 12^th. Today, the Dollar has strengthened up to 91.10.
• The GB Pound to JPY has shown the same improvement from 140.70 yesterday, to 143.65 today.
• The Euro to JPY was similar, from 122.30 to 124.85 today.

The Pound to Euro hasn’t shown significant moves recently. However, if you have a sum to exchange, now would be a good time to talk to me as we can either fix a good rate for you now, or elect to notify you when the rate reaches your preferred level.

If you have to send money by a certain date, please let me know and I will carefully watch the rates for you. The current Interbank rate for GBP:EUR is around 1.15

The UAE Dirham is, of course, tied to the US Dollar, so my comments on the current rates for the US Dollar apply to the UAE Dirham. If you have Dirhams to change to euros, pounds, or yen, the rate is with you at the moment.

 

Don’t forget, you can use our online buying facility for smaller amounts.

If you’d like to know more about buying online, have a look at this explanation where you’ll find a link to our site for online buying.

 I hope you’ve found this helpful, and I look forward to hearing from you.