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Market Forecasts Aug 2011

Market Forecasts Aug 2011

2011 Q3 2011 Q4 2012 Q1 2012 Q2
GBP vs
Eurozone (EUR) 1.16 1.15 1.15 1.15
US (USD) 1.65 1.66 1.66 1.66
Canada (CAD) 1.57 1.61 1.66 1.66
Switzerland (CHF) 1.28 1.32 1.38 1.38
Sweden (SEK) 10.56 10.35 10.24 10.12
Norway (NOK) 8.82 8.63 8.57 8.51
Japan (JPY) 125 119 119 119
Hong Kong (HKD) 12.87 12.95 12.95 12.95
China (CNY) 10.56 10.54 10.46 10.38
India (INR) 71.78 69.72 69.72 69.72
Australia (AUD) 1.73 1.74 1.74 1.84
New Zealand (NZD) 2.09 2.1 2.1 2.1

Market forecasts typically prove to be unreliable – BUT whilst they should not be relied upon they should certainly be considered when making the decision to actually buy a given curreny at any time or indeed buy the funds on a forward contract (Drop us a line if you would like more information on forward contracts).

These market forecasts are based on information provided by HSBC Bank Plc.

What does this all mean for me? Well buying your EUR, USD, AUD or any other currency at the wrong time could cost you a fortune. There is no crystal ball but Currency UK can give you the information you need to make an informed decision.

Currency UK will then offer you the best exchange rates available and ensure that you subsequent international transfers are handled as quickly and as efficiently as possible.

Contact us now on +44 (0)20 7738 0777 or click here.

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