Salary in UKP or Euros....what would you chose?

Dick_Turpin99

The firm I work for abroad have offered for next year to change how I am paid, so instead of UK£ it 'could' be in Euros (or even USD$) if I want it....based on the exchange rate at the day in the month when the monthly invoice is submitted.
I'll need to open a Euro account in U.K. so will lose on currency exchange when I draw the money.
What do you folks honestly think about it, stick with UK£ or risk it for a biscuit and choose Euros or USD?

purch

Where do you live ?

Where do you spend ?

Dick_Turpin99

Most of the year (10 months) in parts of the former soviet union - popular currency being USD

MiserlyMartin

Based on the popular view that the UK Pound is likely to collapse soon due to all the money printing/Gordons desperate measures especially if they keep interest rates artificially low, if you can be paid in EUROS thats a bonus!

USD is also looking shaky.

gozomark

MiserlyMartin wrote: »

Based on the popular view that the UK Pound is likely to collapse soon .

That was certainly the popular view at the start of the year - since then, the pound is one of the strongest currencies in the world, and up 10% odd on a trade weighted basis. Popular (or consensus) views are aften wrong, due to their very nature - when "everyone" is bearish, who is left to sell ?.

OP - what it really comes down to is whether you are saving much of your salary - if not very much, then it doesn't really matter. If you are, well, your living costs are in $, so your neutral stance should be to have the proportion you spend in $, the rest in £. Anything else means taking a gamble.

Dick_Turpin99

I would say that probably 25% goes in living expense locally via USD to local currency - the balance I save/spend in U.K.
So it's going to cost me extra to pull the money out