Euro (€) Currency Thread

cbeans

If someone may need, there is a very convenient money calculator and table of currency rates on merrypenny.com

LocalLad

Am I correct in thinking that having a santander zero current account means I can use my debit card in Europe for cash withdrawals and purchases with no fees or interest?

c-m

cbeans wrote: »

If someone may need, there is a very convenient money calculator and table of currency rates on merrypenny.com

why would anyone use that over XE.com?

antenna

Just bought (one hour ago) collected from ICE waterloo euros at 1.142 pre-booked one hour before although on the pre-booking voucher no rate is printed just your name and email address,but the rate is quoted when you pre-book and is usualy but not absolutely guaranteed to be the same as pre-quoted when you collect.

c-m

The rate is even better today 1.15 to £1.

I go in 2.5 weeks. Just need a bit more bad news from the Eurozone and some strong figures from the UK and i'll be set. ;-)

JasonLVC

STERLING/EURO: After the euro spent yesterday on the back foot, Far Eastern reserve managers pulled through in the overnight session to show some support.

• Sterling is considered a safer currency than the euro and the huge uncertainty characterising the financial markets is keeping this pair well supported at present. It is only the familiar theme of Asian sovereign buyers buying the euro on dips that is preventing a major slide in the euro.

With the US in crisis, the markets had been buying into Euros. With the crisis now in Euroland, the markets are looking elsewhere and the Pound is doing well on the back of it.

....and what perfect timing for those going on their summer holidays. Bank rate at 1.15 so should be getting some good 1.11 - 1.12 currency deals out there at the moment.

JasonLVC

STERLING/EURO: Sterling edged higher against the euro, with European shares tumbling.

• The UK services sector (which represents 70% of the UK economy) remained in expansionist territory in August but the sharp slowdown suggests that July’s strong showing was somewhat misleading; the UK’s economic downtrend remains very much intact. This week’s MPC meeting will surely give plenty of air time to further quantitative easing, but for this month at least, policymakers are likely to remain in wait-and-see mode.
• Nonetheless, the market had more pressing concerns in the form of a sharp decline in European equities (FTSE was down 3.0%), stoked by fears of collapse in the European banking system. Sterling had the better of it then, and the same may well be true today; this pair is trading at €1.14 for now.

davidanddeirdre

gunsandbanjos wrote: »

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

In my experience, you always get a rubbish rate for converting foreign currency back to £ in the UK. Why do it? Either-

1. keep it for the next trip

2. Find someone else who is going to the same currency area and do you and them a favour and do a deal.

JasonLVC

STERLING/EURO:
The market has taken a huge amount of confidence from what appear to be concrete plans (50% haircuts, €1trn bailout fund, €110bn recapitalisation). Certainly there is plenty of minutiae to be ironed out in the months ahead and plans are only useful if delivery follows, but the foundations are laid in place.
Looking ahead, the next major risk event for the euro is next week’s ECB meeting, which will be Mario Draghi’s first meeting as president of the central bank. There will be plenty of speculation on a rate cut in light of what appears to be an imminent eurozone recession.
Currentl trading around 1.13

Catapa

JasonLVC wrote: »

STERLING/EURO:
...an imminent eurozone recession.
Currentl trading around 1.13

Austria, Belgium, Finland, France, Germany, Greece, the Netherlands etc are all growing faster than the UK. Yes, they are all expected to cool down in 2012, but (with the exception of Greece) their positions seem a lot healthier than that of the UK. If 2012 sees the second part of the double dip (which had been anticipated since the laterised mortgage crisis hit the US and the UK in 2008) it won't be a "eurozone recession". That is only what HM government and opposition wants you to believe to mask their own failures.

Just get on with it and start working, producing, developing, exporting... and stop blaming your neighbours.