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Euros for Holiday

Going to Andorra in March
wondering if I should be buying my euros just now
with the rate at 1.30 or wait till nearer the time

how will todays announcements effect the exchange rate in next few weeks ??

Most purchases are food and beer ect so always take cash over the card cash passport things

Comments

  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    Getting cash from an ATM abroad using a fee-free card is cheaper than taking cash with you.

    I'm not sure what effect the announcement will have - the market has been expecting it for a while so it's not a great surprise. Other things may happen between now and March. Basically no-one knows for sure.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • Murphy_The_Cat
    Murphy_The_Cat Posts: 20,968 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    the rate will either go up, or down. Or down and then up. Or possibly down and up and down and up. Maybe with some up and down and up and down.

    If anyone can predict with absolute certainty what is going happen, please could they drop me a pm. I'd be quite happy to have a go at that there money marketing milarkey, safe in the knowledge that I'll make millions.
  • richardw
    richardw Posts: 19,459 Forumite
    Part of the Furniture 10,000 Posts
    How many Euros are you buying, how much do u think u might save?
    Posts are not advice and must not be relied upon.
  • Kernow666
    Kernow666 Posts: 3,480 Forumite
    Seventh Anniversary 1,000 Posts Combo Breaker I've been Money Tipped!
    as above post said how much , so many people dont realise the small difference unless you are buying a good amount

    €1000 at 1.32 = £757.58
    €1000 at 1.31 = £763.35
    €1000 at 1.30 = £769.20
    €1000 at 1.29 = £775.19
    €1000 at 1.28 = £781.25
    €1000 at 1.27 = £787.40

    i tend to buy at a rate i like 1.30 is great highest in 8yrs ish so personally i would buy now and then your sorted , i cant see it getting mch better

    i work in FX and we dont get any inside info
    "If I know I'm going crazy, I must not be insane"
  • I see the exchange rate is still going up.

    Overnight, Ramsdens has gone from 1.2755 to 1.2886.

    I wonder how much further it will go?
  • skid112
    skid112 Posts: 373 Forumite
    Part of the Furniture 100 Posts
    has been as high as 1.3460 spot this morning
    Save 12k in 2020 #19 £12,429.06/£14,000
This discussion has been closed.
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