Euro (€) Currency Thread

[Deleted User]

I'd wait until March but your guess is as good as mine. I think there's a good chance it'll recover a bit, say 1.42-1.45
Now the £ is so low against €, making trips expensive if you decide to visit the euro-zone. When you're at the bottom the only way is up! Perhaps that's how the £ is right now. Anyway it's a big casino out there. Good luck in your decision.

ManAtHome

Everyone flogging quids due to government/BoE (no, they're not really independent) panic/feelgood rate cut and more in the pipeline. Possible good news is they've probably priced in UK rates going down to 5.25% or 5% so we MAY have seen the worst of the drop (over 10% since this time last year), don't think it's going to leap back up though. Eurozone has its own problems, but they seem to be less inclined to dimiss/fudge inflation risks - not sure whether that's going to start falling apart in a year or two.

tink1981_2

Hi

Just after a bit of advice from the wise!... as I don't understand exchange rates and interest rates very well.

I've heard mutterings about buying euros for my trip at the end of Feb now, as its predicted that the euro will fall even more. Was just wondering what other people thought... don't want to buy now and then them rise in a few weeks or not get them have them drop more.

Was wondering if there was anybody who understand money rates better could offer some help.

Cheers tink x

hartcjhart

I would hold on at the moment,the rate is very low and it should start to recover,check on this link daily to see whats happening,

http://travelmoney.moneysavingexpert.com/

if you put £100 in the left hand side then look to see how the rate goes

alanrowell

tink1981 wrote: »

I've heard mutterings about buying euros for my trip at the end of Feb now, as its predicted that the euro will fall even more.

The Euro isn't falling - it's rising against the major currencies including the GBP. If the Euro was going to drop then it would be wiser to wait until the end of February to buy as you would get more Euro for your pounds

However no-one knows what is going to happen - and if we did we wouldn't be here, we'd be making a fortune.

Personally I don't think the pound is going to drop much further so I'd just leave the money in a high interest account then move it to your current account a few days before travel and just use your ATM card whilst abroad

Tappy

The rates aren't great at the moment but they're unlikely to change dramatically in the space of a month. So buy whenever you want, it wont make much difference.

hammy_the_hammer

not many people posting from the City by the look of things

Inactive

I cannot recall the Pound/Euro rate ever being this low before.

Hintza

All time lows for the pound against the Euro at the moment. If interest rates are dropped the £ will just drop further.

Shows what the world thinks of our economy at the moment......tighten those belts the ride has just begun.

[Deleted User]

The Real Time Currency Rate according to www.oanda.com is now 1.3246 euros to the £!! Buying now, you'd be lucky to get 1.30.
If you're going to the euro zone in the spring, I'd wait to buy my euros hoping the £ will go up again. Only last summer the £ was trading at over 1.50!
Whether you buy now or not you're taking a gamble. Life's a casino.