We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Date of calculation of Exchange Rate
Options
FrequentFlyer33
Posts: 3 Newbie
Hi all,
I have been fighting Virgin for nearly 6 years for compensation and have finally had my claim agreed after the recent Court of Appeal ruling.
In 2009 the Exchange Rate of the Pound to the Euro was about 1.11 whereas they have calculated it at today's rate of 1.25 which for 600 Euros is a difference of £60 per person which works nicely in Virgin's favour!
Is there any guidance as to whether the exchange rate has to be calculated at the date of the incident or date of compensation award?
Thanks for any guidance!
I have been fighting Virgin for nearly 6 years for compensation and have finally had my claim agreed after the recent Court of Appeal ruling.
In 2009 the Exchange Rate of the Pound to the Euro was about 1.11 whereas they have calculated it at today's rate of 1.25 which for 600 Euros is a difference of £60 per person which works nicely in Virgin's favour!
Is there any guidance as to whether the exchange rate has to be calculated at the date of the incident or date of compensation award?
Thanks for any guidance!
0
Comments
-
As your claim relates to Virgin please post in the dedicated Virgin thread here https://forums.moneysavingexpert.com/discussion/4384711 and I'll try and help you there.After reading PtL Vaubans Guide , please don't desert us, hang around and help others!
Hi, we’ve had to remove part of your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Thanks - it wasn't specifically a Virgin question but more a general question as to the date of when the exchange rate is calculated for compensation purposes. I'll post in the Virgin section though and thanks for taking the time to reply.0
-
No problem, I have a feeling that when you get there you will find the answer!After reading PtL Vaubans Guide , please don't desert us, hang around and help others!
Hi, we’ve had to remove part of your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards