The Fx-ForeignExchange Euro Report, this week, 29th September, 2010.

The Euro has been the main beneficiary of the US Dollar weakness this week, with substantial gains for the EURO against the USD, with modest sporadic gains against the Pound.

However, the euro has large problems lurking in the shadows and most foreign exchange buyers seem to have ignored some of the key factors that may lead to a rapid downfall of the euro.

Without doubt, the vast Anglo Irish Bank’s debts, announced this week, will eventually seep through. To put this in perspective, the Anglo Irish Bank’s debts currently amount to more than one fifth of Ireland’s GDP! The bank’s credit status has now been reduced to one step above “Junk” status. The woes of Portugal’s debts add further concerns as borrowing expenses increased. This week, Portugal added a little credibility with a successful government bond sell off.

Overall, the euro sits on a knife-edge. Considering the widening Eurozone debt, the euro has outperformed all expectations. This may be because currency buyers are well aware that there is a vast bailout fund available from the EU and IMF available, if necessary. In addition, the European Central Bank clearly have no plans to artificially weaken the euro.

If you hold euros at the moment and wish to take advantage of the current prices, it may be worth talking to a dealer at Fx-foreignexchange about your options. If you import, or export, you may be interested to discuss how you can fix a good currency rate now, and pay later.

This weekly currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-Foreignexchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Euro value on 22nd September.

For live foreign global currency exchange rates vs euros, either use our currency converter, or visit our FX-Foreign Exchange home page.

Buy and sell euros at the best rates here.  The rates shown are interbank rates at a fixed point. We buy and sell the following major currencies: eur, gbp, jpy, usd, cad, aud, nzd, chf, sek, nok, dkk, thb,hkd,sgd.

Our service is for clients who need to make bank transfers. We do not handle cash.

Global Foreign Exchange News. 15th September, 2010.

Good Day. News on the foreign exchange markets in the last 24 hours.

The big story this morning is all about the Yen.

YEN: The Japanaese yen has tumbled as the Japanese authorities intervened against the currency for the first time in 6 years. The Bank of Japan decided that they needed to weaken the Yen against the US Dollar. They have been aggressively buying USD and successfuly moved USD/JPY up to the 85.00 level from 83.00.

Here’s a quote from my post yesterday: “there’s talk in the foreign exchange community, that they should rise above 85.23.” You heard it 24 hours ago.

POUND: The British Pound has regained minor overnight foreign exhange losses, particularly versus the US Dollar. Expectations are that the Pound will maintain it’s minor currency rate fluctuations.

DOLLAR: The US Dollar has nosedived despite risk trend information suggesting that the dollar should remain the anchor currency.

EURO: The euro seems to be weighed down by the foreign exchange market’s attitude to risk. The euro is still seen as a relatively high risk currency. The newspapers may have forgotten about the fiscal woes of Greece, Ireland, Portugal and Spain, but the foreign exchange markets feel there’s more bad fnancial data to come.

Where’s does the market feel safe….. CHF! The Swiss Franc.

FX-Foreignexchange publishes regular foreign exchange rates reports where anything of significance has happened. If you would like daily foreign exchange rates sent to your inbox, please subscribe here.

We offer a physical deliver of foreign exchange. Contact us for a no-nonsense currency exchange service, with excellent time option, forward currency contract rates.

Good Day. FX-Foreignexchange publishes regular foreign exchange rates reports where anything of significance has happened. If you would like daily foreign exchange rates sent to your inbox, please subscribe here.

USD vs CAD: The USD has made an effort to pull back from its decline yesterday. The USD/CAD has shown a steady rise this morning and briefly rose above 1.0300, before slipping below again.. USD vs CAD briefly reached 1.0307 yesterday. There’s talk of the pair breaking 1.030 today.

USD vs JPY: The Yen has rallied even more overninght, amid political uncertainty in Japan. The US Dollar and the Yen have slumped to a long-term foreign exchange low of 83.25. This could lead to them hitting the next target of 82.82, last seen in 2008. However, there’s talk in the foreign exchange community, that they should rise above 85.23.

GBP vs USD: The Pound has not faired well on the Asian session. The Pound fell back from $1.5485 at it’s peak on Monday, to $1.5345, just ahead of today’s European session. There are signs of strength in the Pound already though.

Eur: There’s loud chatter about fading investor confidence as the German ZEW falls. Expect the euro to turn lower.

We offer a physical deliver of foreign exchange. Contact us for a no-nonsense currency exchange service, with excellent time option, forward currency contract rates.

Is this a good time to buy euros with pounds?

With the interbank rate just dropping a little from yesterday´s 1.15 EUR : GBP, this could be a great time to buy euros and sell your British Pounds. The currency exchange rate was just 1.02 a few weeks ago.

However, the age-old problem exists for many of our clients. If there´s no particular need to make the exchange today, most people would hold-off believing that we may go higher yet. Maybe the exchange rate will go higher than the 1.17 GBP tp EUR rates peak just a few months ago?

However, lessons from that peak at 1.17 may be very valuable. The rate dropped rapidly to 1.13 / 1.14 and those clients missed the opportunity. If I relate this to £10,000. When the rate dropped from 1.17 to 1.13, this represents a loss of 400 euros.

Relate that 3 cent drop to £100,000 and the loss then becomes 4,000 euros!

How can you avoid losing out when an currency exchange rate for Pounds to Euros drops? This depends on when you need the money. I am here to help, but I can´t predict the rate changes. Here are some suggestions:

SPOT DEAL. Buy your Euros now while the rates are relatively good. As you´re already registered, all you need to do is call me (or email me using the form below) and I´ll get you the most competitive exchange rate at that moment. The exchange rate will be better than the bank. Also, we don´t charge transfer fees, or commission.

FORWARD CONTRACT. If you don´t need the money straight away, but you would like to secure this great exchange rate opportunity, I can buy the money for you now, for delivery at an agreed date. I buy this on my clients´ behalf with just a 10% deposit. This is a very flexible arrangement as I buy the currency in a particular way that secures the exchange rate. If the exchange rate drops again to 1.10 from 1.15, then you will have saved 5,000 euros on a £100,000 deal, with just £10,000 deposit.

If you´d like to discuss how I may be able to help you, please call me.

My UK number is +44(0)1480 458400

I look forward to hearing from you. Zoe

January 2009 saw sterling at an all time low against the Euro, and falling against the US Dollar. With further UK interest rate cuts expected later in the month, it seems unlikely that the Pound will return to the previous heady levels of €1.49 to £1.00 this year.

So how can you maximise your Pounds to Euro transactions?

If you are one of those people who have a Euro mortgage or are receiving your UK pension in Euros or Dollars. There is a way of helping the poor Sterling to Euro exchange rate and maximising the value of you good old pounds.

Transferring money internationally through a bank is often subject to sending and receiving charges both banks on both sides of the trade. There is often a commission charged for changing Sterling to Euros, and in addition, your bank will often make an attractive profit from the rate of exchange they apply to the trade.

Get around this by using the services of an experienced currency broker. With FX-Foreign Exchange regular monthly transfers are now free from commission and free from bank transfer fees on both the sending and receiving bank. In addition, FX-Foreign Exchange guarantee to beat any Bank exchange rate for an identical transaction.

• Best Rates of Exchange.
• Zero Commission Fees
• Not Telegraphic Transfer Charges

Find out how much you can save Today with this handy online comparison tool.

The euro has been the single currency of the European Union since the 1st of January,1999. It was adopted by 11 European States and other Countries have followed since.The currency exchange rates were fixed for the Euro, along with the last day for the individual currencies of each of the Member States and they were:

Euro Banknotes and Coins Calendar:

· Mid December, 2001: introduction of notes and coins.

· January 1, 2002: new currency becomes legal tender. Old currency can no longer be used for non-cash transactions, such as bank transfers and checks. The individual currencies will remain as legal tender until the dates listed below:

June 30, 2002 was the last day for changing old currency to Euro at any bank for the original twelve member states. Thereafter: old currency can be exchanged at national central banks and some specially designated banks.

Euro Denominations:

Notes: 500, 200, 100, 50, 20, 10, 5

Coins: 2, 1, 50, 20, 10, 5, 2, 1

To buy, or sell, Euros at the best rates, without commission or transfer charges, contact us here:

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