Currency and Financial Articles http://www.currency-converter.com We cover news items every day. But every month we also focus in on a selection of more in depth items that are hitting the financial and currency headlines. If the US dollar is struggling, we’ll delve into the reasons why. We also speculate on what could happen to specific currencies at some point in the future. We’ll focus in on the most important topics of the month, to make it easier for you to understand what’s happening. Keep reading below for the latest in our fascinating series of currency articles! daily 1 2008-10-29T07:43:36Z A Look At The Euro Versus The Icelandic Krona http://www.currency-converter.com/articles/a-look-at-the-euro-versus-the-icelandic-krona53886 Iceland may have been in the news last year for its volcanic eruption, but there is news to be had from its currency as well. The Euro certainly had a lively month against the Icelandic krona during January, as you are about to find out. The opening rate for the month was 153.673, and it didn’t take long for the Euro to achieve the first success. By the end of the 4th of January, it had claimed a rate of 154.170 on the currency converter. So was this a sign of things to come?

It may have looked like a good sign but by the time the first week of trading was done and over with, the exchange rate had slipped back to 152.461. This meant the Euro was down on its opening rate, so it now had some work to do if it wanted to finish up doing well against the Icelandic krona over the course of the month.

If we fast forward another week in January we can see another step forward though. By the close of trading on the 15th the exchange rate had changed markedly to 155.036. This was an increase of 2.575 over the course of a week, so the Icelandic currency appeared to be on the ropes, at least for the time being.

This belief was borne out by the fact that we saw an increase to 158.171 over the course of the next week, giving the Euro even more to celebrate. But could it hang on to the improvements it had made thus far, putting it in a good position to successfully close out the month as a whole?

The Euro ended up peaking at 159.131 on the 27th, before sliding back a little in the closing trading days of the month. Finally it settled on 158.910 on the 31st, but this was still way better than it had started off on. All in all it was a successful month for the Euro, as it did well against the Icelandic krona for the most part.

]]> No publisher News Manager 2011-03-11T05:30:23Z Page Would The Euro Or The Canadian Dollar Come Out On Top? http://www.currency-converter.com/articles/would-the-euro-or-the-canadian-dollar-come-out-on-top38409 When 2010 finally came to an end, the Euro finished the year off with an exchange rate of 1.3322 against the Canadian dollar. But would 2011 proceed with a better or worse rate during January on the currency converter? Let’s find out what actually happened and which of the two currencies would be better off come the end of the month. The first week certainly produced some interesting figures, but not as far as the Euro was concerned. After a few short days of tussling backwards and forwards it became clear that the Canadian dollar was up for a fight. By the time the first week had ended the exchange rate had changed to 1.2867. Quite a dip for the Euro, and it made us wonder whether it now had too much work to do over the remainder of the month.

But if we thought the rest of the month was not enough time to rectify things, we were wrong. It would appear that the following week was all they needed to succeed in ensuring the Euro was back in charge again. By the time the week was up we saw the Euro with an exchange rate of 1.3300.

This was the mid-month point too, as near as could be, and it gave us an interesting point to look back on. You see, for the rest of the month it seemed as though the Euro had learned its lesson and was now intent on making sure it could improve on its results. One week later it was going into the weekend on a rate of 1.3475, so we could see steady progress for sure.

But the difference was even more pronounced by the end of the next week – the last complete week in the entire month. By then the Euro was claiming 1.3644 against the Canadian dollar. With just one more trading day to go it finished the month on 1.3679 – a great result for the month and one that perhaps we were not expecting. It was certainly something to celebrate.

]]> No publisher News Manager 2011-03-11T05:29:01Z Page The Euro Goes Up Against The Aussie Dollar http://www.currency-converter.com/articles/the-euro-goes-up-against-the-aussie-dollar57734 The first day back after the holidays saw the rate fall to 1.3085, but the very next day it bounced back to 1.3298 for the Euro. The end of that first week saw the exchange rate fall below those two figures, giving us a closing rate of 1.3060 in the process. It was early days though so it was not the time to be negative about these early results. Indeed the situation the Euro found itself in just a week later was very different indeed. Clearly something was happening during that week because by the time it was over the exchange rate had gone up to 1.3528. This was quite a jump for the Euro and one that it would hope to hang onto as well.

But it looked as if it wasn’t to be, since the rate dipped back to 1.3371 during the next week. The Euro was not to be silenced though and it soon fought back against the Aussie dollar, giving it a week ending rate of 1.3666 in the process.

The highest rate of the month was still to come as well, and it finally occurred on the 27th. This was when the Euro finished the day on 1.3845. Unfortunately it lost some more ground before the month was out, but it still did well overall. The final exchange rate for the Euro versus the Aussie dollar was 1.3763, so it wasn’t far below the high point for the month.

Indeed the month as a whole was excellent at least as far as the Euro was concerned. It went from 1.3136 to 1.3763 – quite a jump up and one that the Euro will no doubt hope to keep up.

]]> No publisher News Manager 2011-03-11T05:30:00Z Page Could The US Dollar Push Hard Against The Japanese Yen? http://www.currency-converter.com/articles/could-the-us-dollar-push-hard-against-the-japanese-yen-73056 Perhaps the question should be not whether it could push against it, but whether it could push and win a better exchange rate in the process. It may have been the festive season but were either of these currencies in a festive mood on the currency converter? We shall see which one eventually won the battle and went into 2011 in better shape against the other. Our opening rate for the US dollar against the Japanese yen is 83.859, so this is the figure we needed to try and climb up from. Two days later it was up to 84.355, but while that was good news it didn’t last that long. The first week ended the good news with a lower rate of 83.693, but it wasn’t too much of a dip to worry about.

The following week was a strange one as the first day saw the exchange rate dip further to 82.876. But it was almost as if the US dollar could not put up with that, as it moved ahead to grab a rate of 84.151 on the 8th against the Japanese yen. Although having said that the week as a whole finished up on 83.660.

So where would we go from here? So far it has been a very up and down affair, with no increase hanging around for that long. Did the Japanese yen have what it took to keep back the might of the US dollar for the whole month, or would it be pushed down eventually?

The 13th saw the US dollar manage to increase its standing to 84.080 again, but once again the yen was having none of it. By the end of the week it had permitted the US dollar to have only a rate of 83.906, so it was clear that any gains thus far were only temporary.

In fact that would prove to be something of a turning point. The US dollar would not have any other rates in the 84.0 area again for the remainder of the month. Indeed it would be the case that it finished on Christmas Eve on a rate of 82.929, sending it even further in the wrong direction. Those people rooting for the Japanese yen to make some headway would have been glad however.

So we had just one week left between Christmas and New Year, and that meant making sure that the dollar tried to stop the rot that seemed to have got a hold on it. The Japanese yen appeared to have exactly what was needed to successfully get the whole show on the road to finish the year with a flourish. But what would the final exchange rate be?

As it turned out the US dollar could do no better than to finish on 81.312 against the Japanese yen as the month came to an end. If we were expecting a better result than that, we were certainly very disappointed.

]]> No publisher News Manager 2011-01-14T04:20:39Z Page Two Dollars Go Head To Head To See Out 2010 http://www.currency-converter.com/articles/two-dollars-go-head-to-head-to-see-out-201065384 When we mention two dollars, we could be talking about several different currencies. But this time we are referring to the US dollar and the Hong Kong dollar, to see which of them was in the stronger position against the other when 2010 came to an end. As November finished up neatly at the end of the month, the US dollar was claiming a rate of 7.7688 against its Hong Kong counterpart. But as we readily know, this doesn’t mean the currencies will be in anything like the same position when the month comes to an end. As the first few days of the first week in December played out, there was very little difference in the exchange rates. The US dollar did drop back slightly though, carving out a rate of 7.7643 for itself.

Towards the second half of the following week it looked to be the US dollar that was in control. It managed to climb up to 7.7694 and this looked to be a much better position for the currency. But there was still one day to go until the weekend, and by the time it arrived, it managed to make another leap to 7.7744. So it could be a good time for the US dollar overall in December. However we have a long way to go yet.

The following week saw very little difference in the various exchange rates that were posted by the end of each day. But once again the final result went to the US dollar each time, as it succeeded in making it to a better rate and a final figure of 7.7770 by the close of the week. Did this mean the US dollar would get the best rate for the month as a whole, or did the Hong Kong dollar have something else up its sleeve to wow us with at the last minute? If it did it was certainly leaving it late to do anything about it.

Sometimes it can be fascinating to see a particular currency doing well, and then moving ahead to consolidate its good rates at the end of the next week. This is exactly what happened to the US dollar when it continued to push against the Hong Kong dollar at the end of Christmas Eve, when everyone quit for the seasonal vacation. By this time it had managed to push up to 7.7802, so it certainly gave us pause for thought over the break.

Of course we had a few days left to trade with until the year itself was over, and the US dollar didn’t seem eager to let them go easily either. On the 30th December it finished the day on 7.7823, but unfortunately it did let the reins slip a little when New Year’s Eve came to a close on the markets. Its year ending rate was 7.7724, which was still better than it had started the month with at least.

]]> No publisher News Manager 2011-01-14T04:19:26Z Page The US Dollar Against The Canadian Dollar – Who Would Finish 2010 In Better Shape? http://www.currency-converter.com/articles/the-us-dollar-against-the-canadian-dollar-2013-who-would-finish-2010-in-better-shape-50791 The US dollar and the Canadian dollar may share a geographic border, but their currencies can be worlds apart from one another at times. They can go close to parity, but would this be the case during December when we were focusing on how the currencies would act on the currency converter up until the closing days of the year? Would the US dollar be able to get the good result it wanted up until 2011 got started? As November came to an end it was clear that the US dollar was doing well. It finished on 1.0236 against the Canadian currency and so hopefully the performance would continue.

However as things turned out it would finish the first week virtually at parity with the Canadian dollar, bagging a rate of 1.0017 in the process. So which way would it go now – would it dip below that rate or put some effort in and rise above it again?

There was a jump up immediately the next week began to 1.0064, but that would be almost as good as that particular week would get. The weekly high was 1.0121, but by the time the week was over the US dollar had dipped down once again, this time reaching a low of 1.0095. At least it was better than the currency had started with. However it was not showing signs of real strength and that was the worry.

So we were into week three now and as the days went by it was clear that things were not going to be brilliant for the US dollar. They simply went from day to day adjusting the exchange rate ever so slightly as they went. You would hardly notice the difference in all honesty, and eventually the week finished on 1.0073.  This certainly did not look as though it would be a month of great changes one way or another.

So on we go, but this time we would see some better results over the coming days. Don’t assume they were earth shattering ones because they weren’t, but in any case they gave us all something to think about. The US dollar did manage to get its nose out in front of the Canadian dollar as it went into the 1.01 region and managed to stay there for the remainder of the week.

Were things finally beginning to look up for the US dollar? Had it saved the best for last and managed to produce a good result for the end of the month, and indeed the year?

Actually the answer might come as a disappointment, because on New Year’s Eve the final exchange rate was a lowly 0.9970. It certainly makes you wonder where the US dollar will find itself early in 2011, as the currency markets get back underway after the vacation. Perhaps we will see a stronger start to counteract the weak finish? We will have to wait and see.

]]> No publisher News Manager 2011-01-14T04:18:19Z Page How Is The Euro Holding Up Against The US Dollar? http://www.currency-converter.com/articles/how-is-the-euro-holding-up-against-the-us-dollar-41756 Most people will know by now that the Euro is going through a very tough time at the moment. The single European currency has had a real struggle to remain in anything remotely like a strong position in recent weeks and months, and we can see this more than ever when we compare it to the results we have seen against the US dollar. As the month of October came to an end, the Euro was bagging a reasonable amount of 1.3857 against the US dollar. It improved on each of the first two days in November to finish the day on 1.4018 in that case. The rest of that first week went just as well, with the Euro finishing on 1.4084 in the end. So was this going to be a good month for the Euro after all, with the US dollar unable to do much to fight against it?

As it turned out this was a very early stage in the tussle between the two currencies. There was no doubt that the Euro was having trouble and trying to remain a strong currency in Europe and indeed the world. But the troubles of the countries using the currency seemed to be bleeding through to the currency itself, as we were about to find out.

As the second week dawned the currency immediately dropped down to 1.3917, giving us pause for thought and making us wonder what would happen next. Two days later we got our answer – at least thus far – as the Euro fell to 1.3770. Was there more of the same to come?

That particular week finished on 1.3711 for the Euro, as the US dollar took advantage of the troubles the Euro found itself in. The following week didn’t show any respite for the Euro either as by the end of Monday evening it had fallen still further to 1.3626.

It was clear now that nothing was going to really make a difference for the Euro, at least not during November. The only real question was whether it could improve at all or whether it had gone into something resembling freefall. It dipped alarmingly to 1.3481 on the 17th before recovering to 1.3647 and finishing the week slightly higher on 1.3674 as well.

But this turned out to be nothing more than a slight reprieve. By the time the 24th had rolled around the Euro had sank down to 1.3496 and 1.3339 was on the cards the very next day as well. The US dollar was clearly making the most of the situation and the Euro could do nothing about it. But there were still other depths to plumb before the month was over.

On the penultimate day the Euro sank down to 1.3146 and at the end of the month it looked even sadder on 1.2998. If there was ever a reason to have a concern about the Euro, we certainly had it all this month.

]]> No publisher News Manager 2010-12-17T10:31:29Z Page How Will The Euro Fare Against The British Pound? http://www.currency-converter.com/articles/how-will-the-euro-fare-against-the-british-pound-63293 It is always interesting to see how the European single currency fares against other currencies in Europe – those currencies that elected not to become part of it. This is especially the case at the moment because the Euro is in some trouble. Owing to the troubles of some of the EU’s member countries, the single currency has been struggling to put in a good performance on the currency converter. If you have been planning a festive trip somewhere in Europe of late, you will no doubt have noticed how poor the exchange rate is. But there is another European currency that has also had rough times recently. This is the British pound, and while you could say that it has gone through its roughest period and is coming out the other side, it seems to be taking its time to do so.

It’s a good time then to check the performance of these two currencies to see which one has managed to come out in front. As October finished the Euro was sitting at 0.8686 against the pound. The early signs were good in November though as the Euro managed to climb up to 0.8749 just a couple of days into the new month. Would this be the pattern that would see the currency through the month, or was there a lot more to come just yet?

As it turned out the Euro did dip slightly before that first week was out, falling back a little to 0.8679. This wasn’t too bad though, as it was still only slightly lower than it had been to start the month on. The question was whether it would go higher or lower from this point onwards.

Fast forward to the 11th of the month now and we shall get our answer. By this time the Euro had clearly become the underdog as the pound pushed it back to 0.8491. Could it carry on pushing and force the Euro to accept an even lower exchange rate?

The week finished on 0.8507 but after that point the rest of the month was really quite a head to head between the two. We’re not sure whether the pound was flagging or the Euro was simply picking up a bit. Not one of the currencies seemed to be taking the upper hand; it was more a question of them both being weaker and figuring out which one was the weakest of the two. It still seemed as if the Euro was on the back foot though, and as the remaining few days of the month played out, more evidence for this line of thinking came together.

The final exchange rate for the month was 0.8376 as the Euro failed to make anything remotely like a comeback. It was a shame to see the single currency struggling so much, but the British pound was probably glad that it was. It remains to be seen whether the Euro can pick up on its performance towards the end of the year.

]]> No publisher News Manager 2010-12-17T10:30:33Z Page Could The Euro Stand Up To The Swiss Franc? http://www.currency-converter.com/articles/could-the-euro-stand-up-to-the-swiss-franc-61445 This month we have decided to take a closer look – well warranted we believe – at the Euro. Recent events concerning the bail out of Ireland and financial troubles in other countries in the EU have led to troubled times for the Euro. Elsewhere on this website we have explored the performance (or lack thereof) that the Euro put in against the US dollar. But it would be equally as fascinating to see how the European single currency could manage when put head to head against the Swiss franc. Everyone knows that Switzerland declined to be part of the Euro, and they have kept their own franc as a result. Now that we are several years into having the single currency and the Euro is in quite a bit of trouble of late, it will be interesting to see whether the Swiss franc is able to take advantage at its time of trouble.

The opening rate as November got underway was 1.3708, but it wasn’t long before the Euro was struggling to keep up with the Swiss franc. By the 5th of November it had slipped back considerably to 1.3546, leaving us wondering how strong the Swiss franc would prove to be in this interesting situation.

As the week beginning the 8th November got underway, the Euro saw the next drop – this time falling to 1.3435. It was not the best start to the week but somehow we were now expecting everything to become much harder. And indeed it did, as the Euro fell to 1.3282 on the 11th of the month. We were just one third of the way through the month and already things were looking pretty dire for the Euro. The Swiss franc was clearly showing its prowess and strength at a time when the Euro could do nothing to stand up to it.

It did manage to rally to 1.3357 as the week came to an end, but we had the feeling that the slightly higher figures on the currency converter would be just a slight reprieve instead of a major difference. You could have called that particular week a week of surprises though, because it was when the Euro suddenly put in a show of strength to finish the week on 1.3607. Suddenly things were looking a lot more interesting. Perhaps the Euro would manage to claw back some of its losses for the month after all?

But perhaps it wouldn’t. This turned out to be the calm before the storm, and two days into the new week we were back on 1.3338. This wasn’t the end either, as the last full week of November ended on 1.3252. It could have been worse, but there was still more to come.

In those last couple of days of the month, the Euro dropped another significant amount and finished up on 1.2990 against the Swiss franc. This will definitely be one to watch in the future months, as we see what happens to the single currency.

]]> No publisher News Manager 2010-12-17T10:29:34Z Page The Mighty US Dollar – Was It Mighty Against The Euro In October? http://www.currency-converter.com/articles/the-mighty-us-dollar-2013-was-it-mighty-against-the-euro-in-october-95290 We sometimes hear people referring to the mighty US dollar but it doesn’t always pan out that the American currency is quite as mighty as we think it is. For example it has been on the ropes recently against several currencies and that means it could have done badly against the Euro in October. It will certainly be worth taking a look to see whether the European single currency had what it takes to get the better rate on the currency converter. The closing rate for September was 0.7327 for the US dollar against the Euro. It dropped to 0.7285 the next day before heading into the first weekend of the month. But would it carry on dropping once the first full week got underway?

The earliest sign on Monday night was good, with the US dollar claiming 0.7296 on the exchange rates. But by the time the two currencies had played around for a whole week it was clear which one had come out on top. The exchange rate had dipped back to 0.7207 so it was first blood to the Euro.

There was better news by the 12th of the month though, as the dollar regained a healthier rate and fixed itself at 0.7229 for the close of play. But once again the improvement was short lived as it fell to 0.7164 the following day and lower to 0.7097 by the end of the week.

The day of the 18th was a little more promising as the US dollar fought back against the Euro to finish on 0.7196. But it was becoming clear by this time that there were not going to be any major successes or changes throughout the month. Instead it would be left up to the little changes and alterations to tell the story of which currency – the US dollar or the Euro – would be slightly better off by the time the month was at an end.

Again the week ended on a lackluster 0.7176 for the US dollar and nothing seemed to make a difference – at least not for long. But it was almost as if the dollar knew it had just a few days left to make some kind of difference. We had but a week to go before October was at an end, and as a result it was possible to see some kind of change in the figures. The healthiest one for the final week was 0.7244 for the US dollar, but it didn’t occur on the last day of trading for the month.

Instead that honor was reserved for the final figure of 0.7216, meaning that what little movement there had been throughout the month went in favor of the Euro. It wasn’t the best time for the US dollar but it has been through rough times before. The big question is how long these tough times will last for this time. Could we see better results in the future for the US dollar?

]]> No publisher News Manager 2010-11-26T16:05:09Z Page The Thailand Baht Versus The Euro – An Unusual Pairing http://www.currency-converter.com/articles/the-thailand-baht-versus-the-euro-2013-an-unusual-pairing28958 An unusual pairing making their way through choppy times – that could be the subheading for this article as we take a fresh look at the baht and the Euro going head to head against each other. The baht is not a currency we look at all the time, but it definitely merits a closer look on the currency converter for October, as it produced some interesting exchange rates against the Euro. The initial starting point for the month was 0.02413. There was a marginal drop for the first day of trading to go into the first weekend on a rate of 0.02411. Once the new week got underway we saw some movement between the two currencies that resulted in a closing rate of 0.02397 for the Thailand baht versus the Euro. So there was a drop there but not a very large one. Although you can see by the figures we are dealing with several decimal places.

The next week didn’t start well for the baht but by the 12th it had managed to climb up to end the day on 0.02413. Unfortunately it couldn’t hang onto that rate and the following day it experienced a drop to 0.02392. The week ending figure turned out to be 0.02380 instead.

So it seemed as if the Euro was doing slightly better at the moment, although the differences were at least small ones. However things got slightly more promising for the Thailand baht and by the time the 19th of the month rolled around it had managed to push itself up a little to claim a closing exchange rate of 0.02412. But once again the differences were small and not very long lasting. The 22nd marked the end of that particular week and the result was that the Thailand baht had once again had trouble fending off the Euro. It finished on a poorly 0.02396 as a result.

There were clearly not going to be too many notable results here, but hopefully the baht would at least be able to finish more strongly against the Euro by the time the month was up. We were approaching the closing stages now and if there was ever a time that we could enjoy seeing a fighting effort by the baht, it would be now.

By the 26th we did start to see signs that the Thailand currency was pushing the boundaries a bit. It finished on 0.02403 on that particular day, so perhaps this was a sign for the better. It managed to maintain that slight lead as well, and by the time October was just a memory in the currency markets, the Thailand baht had managed to sustain its fight back and it finished on 0.02409 against the Euro.

This was ever so slightly down on the initial rate for the month. But considering the falls and dips it had put up with ever since, getting back to anywhere near that rate was a good effort.

]]> No publisher News Manager 2010-11-26T16:04:00Z Page Would The Canadian Dollar Stand Up Against The Euro? http://www.currency-converter.com/articles/would-the-canadian-dollar-stand-up-against-the-euro-30181 It’s an interesting question, given the fact that the Canadian dollar has been close to (and in fact has achieved) parity against the US dollar several times recently. Would it manage to give the Euro a run for its money during October? Well let’s look back to see how things were left on the currency converter during September. The final rate back then was 0.7105, so we were looking to achieve something better than this, to whatever degree was possible. The first day of trading in the month (and the last one for the week) saw the Canadian dollar drop back to 0.7099, but this was such a small change that it didn’t cause concern.

The first full week saw a healthy jump on day one that left the Canadian dollar on 0.7143. This was a lot better, but could it maintain the lead over a longer period of time? It did in fact struggle to do just that, and by the time the week was done with on the currency markets the Canadian currency was left at the lower rate of 0.7058.

The following week saw a classic tussle between the two currencies. Neither one of them gave up a lot of ground on any particular day; the Euro was clearly not going to let the Canadian dollar get the better of it. This led to a closing rate for the week of 0.7059.

Once again the following week showed us that this was not destined to be a month of big changes. Big rises and falls might be dramatic but sometimes the story can be told in the minutiae of the events of the month. It was just this case with the Canadian dollar and the Euro in October. However the Euro would be the one to bite back as the next week came to a close. By this time the Canadian dollar had slipped back over the 0.70 barrier and finished up slightly below it on 0.6993. It may only be slightly beneath it but that small difference was pronounced to those who were watching.

It wasn’t until the 26th that the Canadian dollar managed to creep back over the line again, this time claiming a rate of 0.7020. We were down to the last few days of the month now though and it was clear that the Canadian dollar didn’t have too long to go to achieve a better rate than it had started with. If you remember the starting rate for October was 0.7105, and it didn’t look like it was going to achieve anything better than that. The biggest question was how close to it the dollar would be able to get.

Finally we got our answer as the markets closed on the 29th, ready for the Halloween weekend. The Canadian dollar finished on 0.7067, so it didn’t quite get the better of the Euro and finish on a much healthier rate. At least it didn’t drop too much ground in the process.

]]> No publisher News Manager 2010-11-26T16:02:51Z Page Two European Currencies Slug It Out Together http://www.currency-converter.com/articles/two-european-currencies-slug-it-out-together16791 It is time to see how two of the biggest European currencies managed against each other during September. We’re talking about the Euro of course, and the other currency is the ever present Swiss franc. When August came to an end the Swiss franc was claiming a rate of 0.7730 against the Euro. There were only three days worth of trading to close out that first week in the month of September, and by the time they were done with we had a rate of 0.7666 on the cards instead. The first success had gone to the Euro, but we had a long way to go until the end of the month yet, and anything could and probably would happen. Things have a habit of panning out like this on the currency converter between any currency pairing.

The Swiss franc started out the following week with a marginal drop to 0.7651. It recovered well the following day however and it ended it on 0.7750. Even though it managed another increase over the next few days it still lost out on a more confident Euro. By the time the week was over the franc was back to 0.7680 against the Euro and it was down on the opening rate of the month.

The highest rate the Swiss franc achieved the following week was 0.7745, but unfortunately that happened on the Tuesday. It left the way clear for the Euro to do its worst and achieve some better rates against the franc for the end of the week. It eventually closed on 0.7570, giving the Swiss franc plenty to think about as the month wore on.

We never quite know what will happen next with any currency pairing in this situation. After all world events and various other occurrences can happen to upset the apple cart, and it could happen in any kind of situation at all. So would the Euro end up upsetting the Swiss franc, or would it be the other way around?

As the Swiss franc moved up to 0.7598 and then to 0.7601 on the first two days of the subsequent week, it looked as though the Euro would be the one to be put out of joint. But there was still some toing and froing over the next few days, a tussle that resulted in a week ending rate of 0.7597 for the franc. We were getting closer to the end of the month now and it could be that the franc could hold on and produce just the right result at the right time.

As it turned out though, there was very little movement either way during those last few days. The Swiss franc finished the month on 0.7526 and unfortunately that left the Euro better off out of the two of them, when compared to the opening figure for the month.

Perhaps next month the Swiss franc will perform better throughout the entire month. We can only hope it does.

]]> No publisher News Manager 2010-11-05T10:07:02Z Page Could The Swiss Franc Reign Supreme Over The British Pound? http://www.currency-converter.com/articles/could-the-swiss-franc-reign-supreme-over-the-british-pound-75337 The Swiss franc and the British pound both have one thing in common at the very least. Neither of them are willing to sink themselves into the Euro and disappear as a result. But which one of them would be the strongest for the month of September this year? Would the pound prove to hold strong and win the best position for the month, or would it be the Swiss franc that would reign over it? We shall see as we explore what happened during September.

Our starting rate, looking at the Swiss franc versus the British pound, was 0.6376. We had just a few days before the first weekend of the month was upon us, and as it turned out there would be very little difference by this point as we looked on the currency converter. Even though the Swiss franc had started well, it was back to 0.6388 by the time Friday night came around.

So what would happen next? Would the franc have the strength to fight back or did the pound have other ideas?

The franc had the first success on Monday as it finished on 0.6413, but even though it stayed in the 0.64 region for most of the rest of the week, it couldn’t stay there indefinitely. On Friday night it slipped down to 0.6324.

The pound was clearly not going to let the franc get too far ahead, and even though first blood once again went to the franc the following week, it wasn’t by much. Monday evening ended on 0.6398 and Tuesday only saw another slight increase to 0.6461. This was a bigger jump though so did it foretell another improvement later on?

As it turned out the pound was about to knock the Swiss franc back down to size once again. Friday night ended just as the previous one had, with the franc dropping back to a lower rate of 0.6326.

So could this be the pattern we would see for the rest of the month? Would the franc never get too far ahead and claim too high a rate against the pound? Was there more in store we hadn’t seen coming as yet?

Monday the 20th saw a small improvement to 0.6370 for the franc, and it got better still the following day too. By Tuesday night it was up to 0.6426 and it went even higher to 0.6471 on Wednesday. But if we wanted a predictable end to the week we didn’t get it – this time it went up again to 0.6483.

There were just a few days left of the month now, and there would be very little movement between the two from now until the last trading day of September. The final exchange rate was marked down as 0.6472 between the Swiss franc and the British pound, and this meant the Swiss franc was slightly up on its starting position back on the 1st.

Would it stay that way long into October though?

]]> No publisher News Manager 2010-11-05T10:05:48Z Page The Swiss Franc Versus The Canadian Dollar – Which Would Be Strongest? http://www.currency-converter.com/articles/the-swiss-franc-versus-the-canadian-dollar-2013-which-would-be-strongest-17288 Even though we tend to focus mainly on the world’s biggest currencies for the head to head reports in this part of the website, we don’t always look at all the possibilities. Sometimes certain currency pairings can escape our attention for a while, and with this in mind let’s take a look and see what happened between the Swiss franc and the Canadian dollar as August gave way to September. The opening rate for the Swiss franc was 1.0428 but after just three days – as we went into the first weekend of the month – that had reduced to 1.0397. It was only a small drop but it was enough to make us wonder whether the Canadian dollar would be the eventual winner on the currency converter.

The following week certainly made us even more convinced this could be the case, as the franc dropped like a stone to close out Monday night on 1.0191. Would it be unthinkable for the Swiss currency to actually drop below the 1.00 mark? Could it happen or would this be the lowest the exchange rate would go for the whole of the month? There was a long way to go yet but for the moment at least the power seemed to be with the Canadian dollar.

The Swiss franc was not readily swayed though and just twenty four hours after that shock it was back up to 1.0296. It wasn’t quite done yet however and the next day produced another jump up to 1.0368.

Sometimes though a currency can do too much too soon in a single week, and this would turn out to be the case for the Swiss franc. By the end of that same week the currency would be down as low as 1.0075, and once again we were left thinking about the prospect of parity.

The following week the Swiss franc worked hard to get back into contention through the first two or three days. Eventually it worked its way back up to 1.0242, which was a good point to be at. But by the time the week ended it had slipped back again to 1.0151.

The good news was that the following week proved to be much stronger for the Swiss franc. It put in a solid performance and by the time the five days of trading were over it had climbed all the way back up to 1.0484. The Canadian dollar really didn’t have much of a say in it that week, luckily for the franc.

In fact that would turn out to be the major turning point of the whole month, and the Swiss franc had left its move until the very best moment. When all was said and done the final rate for the month was 1.0591, and it was a great moment as well. The Swiss franc may have given us some concern at a few choice moments during September, but it eventually came out all right.

]]> No publisher News Manager 2010-11-05T10:04:46Z Page