MSE News: Is it worth changing euros for the summer holidays now?

"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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  • If Greece default you might get a wheel barrow full for a tenner...
    I do Contracts, all day every day.
  • antennaantenna Forumite
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    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
    Political?....I dont do Political....well,not much!
  • 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.
  • kah22kah22 Forumite
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    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
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    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?
  • antennaantenna Forumite
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    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.
    Political?....I dont do Political....well,not much!
  • N1AKN1AK Forumite
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    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.
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
  • KTFKTF Forumite
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    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.
  • KTFKTF Forumite
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    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.
  • 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.


  • dickydonkindickydonkin Forumite
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    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!
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