We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Euro vs. Sterling rate - up or down??

laurenr1983
laurenr1983 Posts: 1 Newbie
in Flights, currency & car hire
I need to change some Sterling to Euros for a trip to Ireland in two weeks. At the moment the euro rate is relatively good compared to what is has been. It rose towards the end of June to nearly 1.2 and now its at 1.161. The last couple of days I have been monitoring it and it is creeping up again slowly but I'm undecided whether to change my money now at a reasonable rate or leave it and see what happens. Is there anyone who knows about this type of thing who can give a forecast of what it's going to do? I know nothing is certain but if it looks set to rise slowly I would just hang on.

Thanks is advance

Comments

  • Bob_the_Saver
    Bob_the_Saver Posts: 5,610 Forumite
    laurenr1983 wrote: »
    I need to change some Sterling to Euros for a trip to Ireland in two weeks. At the moment the euro rate is relatively good compared to what is has been. It rose towards the end of June to nearly 1.2 and now its at 1.161. The last couple of days I have been monitoring it and it is creeping up again slowly but I'm undecided whether to change my money now at a reasonable rate or leave it and see what happens. Is there anyone who knows about this type of thing who can give a forecast of what it's going to do? I know nothing is certain but if it looks set to rise slowly I would just hang on.

    Thanks is advance

    1.19 at present (9.27am) if you have a Fairfx card
  • grubby23
    grubby23 Posts: 289 Forumite
    You never know what is happening with currencies in the short term. If you like the rate, just get it. That said, I do not think too much will change in two weeks, Euro-Pound exchange rate seems to be "stable" now around 1.20.
  • shellsuit
    shellsuit Posts: 24,749 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    It rose towards the end of June to nearly 1.2
    I got 1.22 in June with my fairfx or caxton card, I have both so can't remember which one it was.
    Tank fly boss walk jam nitty gritty...
  • Inactive
    Inactive Posts: 14,509 Forumite
    Nobody on this planet can give an accurate answer to this question.;)
  • richardw
    richardw Posts: 19,459 Forumite
    Part of the Furniture 10,000 Posts
    How much does it matter?
    Posts are not advice and must not be relied upon.
  • spiro
    spiro Posts: 6,405 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    richardw wrote: »
    How much does it matter?
    Less than €4 per £100 given the current rise and falls.
    IT Consultant in the utilities industry specialising in the retail electricity market.

    4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).
  • richardw
    richardw Posts: 19,459 Forumite
    Part of the Furniture 10,000 Posts
    So if spending money is £150, that's 6euros, hardly worth worrying about really.
    Posts are not advice and must not be relied upon.
  • jnm21
    jnm21 Posts: 872 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Do you fancy giving me a fiver? How about setting up to donate 3% of your salary to go to my bank account?

    I really can't understand not caring about money!
    Certain OTT members have caused me to add this disclaimer: all advice given is free of charge & as such should be taken to be IIRC (as I don't spend hours researching all answers :eek: )!
  • jnm21
    jnm21 Posts: 872 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Lauren, try looking at http://uk.finance.yahoo.com/q/bc?s=GBPEUR=X&t=5d&l=off&z=m&q=l&c=

    Also ex-pats living in Spain say that the rate is better at the weekends, so consider that.
    Certain OTT members have caused me to add this disclaimer: all advice given is free of charge & as such should be taken to be IIRC (as I don't spend hours researching all answers :eek: )!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture