Euro vs. Sterling rate - up or down??

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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
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    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
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    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
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    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
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    Nobody on this planet can give an accurate answer to this question.;)
  • richardw
    richardw Posts: 19,458 Forumite
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    How much does it matter?
    Posts are not advice and must not be relied upon.
  • spiro
    spiro Posts: 6,403 Forumite
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    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: 19,458 Forumite
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    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: 853 Forumite
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    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: 853 Forumite
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    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: )!
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