Euro (€) Currency Thread

emweaver

seeing as this is in the travel section and is called euro currency i thought it was about helping people find holiday money? or is it just a place to list the current euro trade rate which isnt the same as currency exchange rate, seems a bit pointless to me

belfastgirl23

I find it useful just to have some idea of what the baseline is at the minute without having to go off and dig around for it ta inspector.

sabretoothtigger

I vote monk posts a picture each time representing sentiment for that moment

http://www.google.co.uk/search?q=the+best+place+for+holiday+money+&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-GB:official&client=firefox-a


Nationwide used to be good as a no brainer, I think you have to move your current account to them now

Buy FX Rate: 1.0702

About 0.8% off what monk last quoted for me

harryhound

http://www.ifaonline.co.uk/ifaonline/news/1558063/britain-sinks-nigeria-financial-stability-ratings

Which way would expect sterling to go?

Oh yes and what is left of our postal system is trying to commit suicide.

sabretoothtigger

Obvious direction would be down due to more money being put into circulation, it does depend on the demand vs that supply also though

America's monetary base was equal to 6pc of national income. Now, after a year of money printing, it's 12pc. The US has expanded its basic money supply by a staggering 108pc in 12 months.


UK's monetary base now equal to almost a fifth of GDP, up a head-spinning 169pc in a single year.

http://www.telegraph.co.uk/finance/comment/liamhalligan/6292787/Benign-currency-neglect-could-spell-real-danger-for-US-economy.html


Regarding europe vs, I dont think they are printing so much money and their rates are higher also

inspector_monkfish

slumped to 1.0725 this morning

Brigantes

Recently returned from working abroad and have approx 1000 Euro left in cash from my personal money.

What is the best way of converting this back into sterling? I believe I can pay this directly into my bank account yet I am worried that the exchange rate will not be good. Any suggestions?

sabretoothtigger

I think the banks will be even worse then just taking it to the post office, ask them first what the cost would be

inspector_monkfish

1.0675 trading

ince_mon

Down Down,deeper and down.