• 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

• Sterling hit a 12-year low on Friday, following a stream of weak UK economic data and ongoing speculation of a possible interest rate cut.

• Bank of England policymaker David Blanchflower said the central bank could no longer be complacent on rates because the economy is already in a recession

GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today

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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Tags: AED rates, Australian Dollars, dirhams, euro, pound, usd

• 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
• The pound fell to 12-year low on Thursday as weak house price data pushed it close to a record low versus the euro.

• House prices fell 1.9 percent in the month of August, to post their biggest annual drop since records began in 1991, as Britains economy continues to struggle.

  Here is a sample of the global currency exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just let us know in the form below this table. We trade commercial amounts and commercial rates.

GLOBAL CURRENCY EXCHANGE NETWORK - DAILY CURRENCY NEWS

• n.b these are just indication rates as of 8.30am on Thursday 28th  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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Tags: AED rates, Australian Dollars, dirhams, dollar, euro, pounds

• 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
• The pound hit a near 12-year low against a host of currencies on Wednesday, on the view that weaker European economies would hurt the UK, which continues to suffer from the credit crunch.

• Also on Wednesday, Mortgage bank Alliance & Leicester said it is cutting the rates on some of its home loans

GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today

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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Tags: aed, dirhams, euro, pounds, us 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.

Tags: dollar, eur, euro, foreign exchange, usd

• 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
• The euro fell over a cent to a six month low against a strong 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 dollars strength 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.

GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today

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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Tags: aed, Australian Dollars, dirhams, gb pound, gcen, us dollars

• 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
• The British Pound cut back from a one and a half week high against a much steadier US Dollar on Friday. Statistics show that the pound’s decline of up to 6 percent this month, is one of the most significant drops in the past 20 years.
• Economic growth data is released at 0830 GMT, which will give a clearer indication of which way the pound is heading.

  Here is a sample of the global currency exchange rates from this morning. If you would like to be kept informed of any particular currency exchange rate, just let us know in the form below this table. We trade commercial amounts and commercial rates.

  CURRENCIES	HIGH	LOW
  GBP-EUR	1.2615	1.2311
  GBP-USD	1.8774	1.8401
  GBP-AED	6.891	6.7976
  GBP-BRL	3.0163	2.9813
  GBP-EGP	9.9769	9.6518
  GBP-TRY	2.2347	2.1612
  EUR-USD	1.4894	1.4602
  EUR-BRL	2.3969	2.3666
  EUR-AED	5.4666	5.2704
  USD-AED	3.6722	3.671
  USD-EUR	0.67277	0.6627
  AED-ZAR	2.10480	2.0582
  USD-EGP	5.3343	5.1666

  n.b these are just indication rates as of 8.30am on Friday 22nd 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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Tags: AED rates, Australian Dollar, dirham, gb pound, gcen, us dollar

• 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

• The Pound rose against the dollar on Thursday, as Oil prices showed a recovery which prompted the dollar to fall.
• However, retail sales figures due at 0830 GMT are expected to show retail sales fell 0.3 percent in August, as UK shoppers shy away from the high street. A weak figure is expected to be released, therefore likely to cut back any sterling gains.

GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today

n.b these are just indication rates as of 8.30am on Thursday 21st August, 2008

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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Tags: aed, currency rates, dirhams, euros, pounds, us dollars

How to beat the currency exchange system with credit card payments on property purchases.

Pay your overseas property deposit with a credit, or debit, card and get a better rate of exchange than you would by using the card abroad.

If you find yourself in the fortunate position of being able to buy that property abroad, and you need to place a deposit on the property to secure the one you want, then there is an answer.

Pay your initial deposit with your debit, or credit, card.

However, before you get too excited, consider this. I was in Spain recently and used my UK Bank debit card to draw some Euros at the “Hole in the wall”. I drew money on two consecutive days. The exchange rate between the pound and the euro had barely altered, but one bank gave me 1.19 euros to the pound. The other bank gave a rate of 1.23 euros to the pound. If, like me, you suffer from terrible thirst when it’s hot and you need £200 to pay for the drinks, the difference is €8. “Just €8!” I hear you say.

Well change that figure of £200 to £3000 as a house deposit and the difference between one bank’s foreign exchange rate and the other’s is now €120. Not a huge amount, but still worth saving.

FX-Foreignexchange have a facility, through their currency exchange partners, where you can now pay your initial deposit to secure a property abroad by using your debit or credit card. You get an even better rate than the banks can offer. It’s a safe way to pay and painless.

Just call FX-Foreignexchange on 0044 (0)1480 458400, (or email for them to contact you from here) , register your details with them, give them the details of where you want your deposit to go, and they take the payment in your local currency, change it, and send it to the account you’ve asked for it to be sent to.

Paying your overseas property deposit couldn’t be easier. You may even want to spend the money you save on a special dinner to celebrate how clever you are!

A couple of little things, FX-Foreignexchange can’t take card payments over £10,000, and they can’t take less than £2500. On the basis that most initial deposits for new homes abroad are €3,000, or £2,500, this shouldn’t present a problem.

The other area to consider is if you use the same company to change your further stage payments, the difference when using my example, is €1,200 when you change £30,000.

That’s a bit more interesting than the €8 I saved!

Tags: best currency exchange, credit card deposit, pay property deposit

• 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

• Sterling slipped against the dollar on Wednesday as eyes turn to the Bank of England minutes meeting. A continued run of poor UK housing and retail data as well as BoE’s forecast that inflation will fall below target within 2 years, has raised expectations further that rates will be cut before the year is out.
• The Bank of England minutes due at 0830 GMT are expected to show a three-way split, with seven members voting to leave rates on hold at 5.0 percent, one voting for a cut and one for a hike.

GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today

n.b these are just indication rates as of 8.30am on Wednesday 20th 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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Tags: aud, best currency rates, ead, euro, gbp, uae dirham, usd

• 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

• The British Pound slipped against the euro after weak British housing figures were released while sterling also was at a 2 year low against the American dollar on Tuesday.
• The GB pound has fallen over 15 cents against the US dollar since last month due to the down turn in inflation. Bank of England’s assertion that inflation will fall below target in two years, has raised expectations interest rates may be cut from 5.0 percent before the year is out.

GLOBAL CURRENCY EXCHANGE NETWORK - Best foreign Exchange rates today

n.b these are just indication rates as of 8.30am on Tuesday 19th 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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