Euro (€) Currency Thread

giruzz

Orville wrote: »

Could you guys help me.


Hi.

I bank with Santander and have been informed that i can use my Santander card while in spain without fees if i withdraw from a santander cashpoint.

http://forums.moneysavingexpert.com/showpost.php?p=44926240&postcount=2

Is there a way i can find out in advance what euro rate i would get if i took money out while in Spain..?

Many thanks.

Hello,

I've used the card as advertised and the rate was the Visa Europe rate

Link

Much cheaper then using my nationwide card :-((((

Just remember to take cash out! Never pay in shops or else they charge you.

G.

sabretoothtigger

The premium on that site looks to be only 1% above market or intra bank rates we commonly quote on this thread. Could be better still but not bad

My guess is a bias to euro strength vs sterling going forward

JasonLVC

STERLING/EURO: This pair made yet more strides as concerns over Italian debt diminish the euro’s appeal.

• The euro has taken yet another blow from a report indicating that the ECB is seeking to set up a fund to include aid for Italy. In addition, there have been some admissions by EU leaders that Greece should default on some of its bonds when a resolution finally arrives. If this sets a precedent for crises elsewhere in the eurozone down the line, then bondholders are right to be very concerned.
• This pair is now trading at a healthier €1.13 level and given the peripheral debt news from over the weekend, sterling looks fairly well-supported. News from today’s emergency meeting of EU officials may hold focus today.

Looks like the Euro crisis is starting to creep into Italy now, with the knock on effect that sterling has gained a smidge over the weekend, now trading at 1.129 so expect to see around 1.08-1.10 for your currency.

[Deleted User]

If Spain and Italy's had it, it's starting to look bleak for the euro.

JasonLVC

Currently trading at 1.149 so a definate upwards movement from yesterday. Now might be the best time to buy your Euros. Why?

"The euro found it very hard going indeed yesterday, as concerns over debt contagion to Italy mounted. Today’s session brings the key UK headline inflation announcement. The figure is forecast to remain at 4.5% y/y, any surprise in either direction would surely trigger a response in the market, despite overall focus remaining on the eurozone."

"The £/€ climbed by a cent as Italy was added to the list of eurozone nations under serious financial pressure. The periphery is one thing, but Italy is a core EU economy and a bailout there would trigger serious doubts over the viability of the whole eurozone project. Italy’s coalition government is currently attempting to get its €40bn austerity package through its parliament, failure to do so would doubtless have severe consequences."

"Pound is enjoying this period of eurozone concerns. With a significant exposure to the eurozone periphery, the UK economy will certainly struggle if there is a financial meltdown. The market appears to be ignoring this, viewing sterling as a useful escape route from the euro at present. Today’s session sees monthly UK inflation data release. Only a surprise move from the expected 4.5% figure seems capable of grabbing the market’s attention."

Source. CaxtonFX

gunsandbanjos

Where can i find the best rate for converting my leftover Euros back to Sterling on the highstreet?

73Jonathan123

Hi,

I have to pay 1000EUR into a czech bank account. Last time I did this I just did it via my bank ( clydesdale) and it ended up costing me dear!

I would appreciate advice on doing it this time getting the best rate and smallest charges.

Thanks

dzug1

gunsandbanjos wrote: »

Where can i find the best rate for converting my leftover Euros back to Sterling on the highstreet?

On your local High Street

You can't rely on different branches of the same chain having the same rates nationally so there really is no substitute to going round asking them. And the answer may vary from day to day anyway. It's not something an online database can keep track of.

gunsandbanjos

Thanks for the info. Went out today and most places had a buyback rate of 1.28:eek: Eventually found American Express with 1.203 and no commission which was better though not great.

sabretoothtigger

Should arrange a buyback with someone who needs them from here. I see the rate as 1.1378 right now