If you are buying foreign currency with GBP, you will be interested to know that the Pound has strengthened against most of its currency counterparts.
The GBP is currently at a nineteen month high against the Euro and a two and a half month high against the US Dollar, while the Indian Rupee has once again leaked support during this week’s session, taking the GBP/ INR exchange rate to 83.0335. A surprise 50 basis point cut in India’s key lending rate overnight by the country’s central bank has elicited downside pressure on the Rupee.
If you were already planning to make a money transfer within the coming day, you may be interested in taking this excellent opportunity to increase the return for your money as these great exchange rates currently available could make it a beneficial time to buy EUR, USD or INR.
GBP / EUR exchange rate – 19/04/2012 at 15.30 pm
GBP / USD exchange rate - 19/04/2012 at 15.30 pm
GBP / INR exchange rate – 19/04/2012 at 15.30 pm