Buy euros now for January, or hang on?

illingd

The euro rate at the moment is highest I've seen for a while and I think it's been going up (though I don't monitor all that closely!) -- guess this is a result of the current situation.

The question is, should I grab some now for my holiday at the end of January, or hang on to see if it gets even better?

richardw

How many Euros do you want to buy?

dzug1

illingd wrote: »

The euro rate at the moment is highest I've seen for a while and I think it's been going up (though I don't monitor all that closely!) -- guess this is a result of the current situation.

The question is, should I grab some now for my holiday at the end of January, or hang on to see if it gets even better?

It's an unanswerable question. Yes, no, maybe, don't know are all valid answers

You will probably do better getting your euros from the best source at the time than anything you do trying to second guess the currency markets.

skid112

£500 @ 1.18 = €590
£500 @ 1.14 = €570

Knock your self out

magenta22

That really is the billion dollar question.

The euro has been up, down and pretty much the same for the last few months. I wouldn't expect it to get much higher than it is now if it does go up.

I would be inclined to get them now just so that they are got.

illingd

skid112 wrote: »

£500 @ 1.18 = €590
£500 @ 1.14 = €570

Knock your self out

When you look at it that way, it does seem kinda trivial, I admit!

It's just I like to think I'm getting the best deal possible. :j

Think I'll settle for buying them now, then at least I can tell myself it's a better price than the last lot I bought (earlier this year)

Thanks to all who commented.

antenna

My bosses pay me including bonuses circa £300.000 per annum because they think i can foretell the future on exchange rates,so,do you think i will tell you for nothing?

cubegame

It could go up. It could go down.

It might also not exist.........

Doshwaster

illingd wrote: »

When you look at it that way, it does seem kinda trivial, I admit!

It's just I like to think I'm getting the best deal possible. :j

Think I'll settle for buying them now, then at least I can tell myself it's a better price than the last lot I bought (earlier this year)

Thanks to all who commented.

That's the thing. If you are only looking at changing a few hundred pounds then the difference is probably only going to be €10-20 so it's not worth getting overly stressed about it.