MSE News: Is it worth changing euros for the summer holidays now? 26 January 2015 at 5:40PM in Flights, currency & car hire 20 replies 4.4K views

Former_MSE_Helen

"The euro has weakened even further over the last week and £1 can now buy you €1.34 at the spot rate..."

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Is it worth changing euros for the summer holidays now?



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Marktheshark

If Greece default you might get a wheel barrow full for a tenner...

antenna

I just watched "The Equalizer" on Showbox........wheelbarrows full of money in this too.......and reminded me of the hyper inflation in Germany between the wars....where it took a wheelbarrow of notes to buy a loaf

Pincher

QE is supposed to introduce some inflation, due to more money sloshing around the system. So it may not be as cheap as you think. You can exchange more EUROs, but prices can also move up.

kah22

My partner and I had been looking at a holiday in Greece this summer but we're now a bit confused as to what might happen as a result of the Greek election. It would be a Thomson holiday package

Would it be wise to do nothing at the moment and see how things go OR now that there is a strong pound buy now?

antenna

I think the gutters will run red with blood.and remember they have the nuclear bomb........but apart from that, NOW is a good time to buy euros.

N1AK

kah22 wrote: »

Would it be wise to do nothing at the moment and see how things go OR now that there is a strong pound buy now?

This article is, in my opinion, a very bad idea that should never have been posted; It highlights a poor choice most people who read it won't have considered otherwise.

If it was easy to make money by buying and selling currencies at the right time then we could all make a fortune doing it. It isn't, even people who have jobs doing exactly that aren't consistently good at it.

If you are getting currency to spend on holiday then don't worry about trying to time the market. Martin even says he wouldn't try and time buying himself in the article.

KTF

Given the amount most people exchange for a holiday, the extra £10-£20 (if that) you might gain is really not worth the bother.

Better to get a Clarity card and put the holiday money in a high interest current account instead. Then pay the Clarity off when you get back and pocket a bit of interest instead.

KTF

kah22 wrote: »

My partner and I had been looking at a holiday in Greece this summer but we're now a bit confused as to what might happen as a result of the Greek election. It would be a Thomson holiday package

What are you confused about? The election has been and gone and its still the same as it was before.

Pincher

Just worried about tourist scalping in general. Unfortunately, the con artists and pick pockets hang out where tourists go. I hear Athens was a rip off joint even before the recession.


The Parthenon has free entry days! E.g. 6th March in memory of Melina Mercouri. EURO12 full price, OAPs EURO6.


Hotel and flight should be OK, but how do I avoid getting ripped off getting from the airport to the hotel?


I suppose I could wait till retirement and do a cruise, but on-shore excursions are even more of a rip off.

dickydonkin

Pincher wrote: »

Just worried about tourist scalping in general. Unfortunately, the con artists and pick pockets hang out where tourists go. I hear Athens was a rip off joint even before the recession.


The Parthenon has free entry days! E.g. 6th March in memory of Melina Mercouri. EURO12 full price, OAPs EURO6.


Hotel and flight should be OK, but how do I avoid getting ripped off getting from the airport to the hotel?


I suppose I could wait till retirement and do a cruise, but on-shore excursions are even more of a rip off.

For someone so paranoid about being 'ripped off', I would suggest you stay at home and get ripped off here!