#1

Euro Exchange Rate

in Anything that's not Eriba-related. Mon Mar 06, 2017 8:28 pm
by Randa france | 13.258 Posts

Probably like many others on here, we are soon to embark on our annual European trip with the Eriba.

Does anyone have a Crystal Ball or any idea which way the Pound is going to go against the Euro in the immediate future? We need to buy some Euros soon and note that at the moment they are on a par with 2013 rates of exchange.

Randa


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#2

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Mon Mar 06, 2017 9:08 pm
by eribaMotters | 5.588 Posts

The most sensible advice I have heard is buy to 1/2 of what you need know and the other 1/2 just before you leave.

Colin


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#3

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Mon Mar 06, 2017 11:45 pm
by hob (deleted)
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Tough call this year lots of variables with the EU exit vote.


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#4

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Tue Mar 07, 2017 7:06 am
by Bryn | 1.027 Posts

buy on a Thursday I have been told


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#5

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Tue Mar 07, 2017 7:57 am
by cabbie37 | 695 Posts

http://www.bbc.co.uk/news/business/marke...welve_month.stm will show you how it has moved over the last 12 months. Big drop post referendum, which we are all aware of, then a period of fluctuation between 1.20 and 1.10 (roughly) Today it's pretty much right in the middle of that range. I doubt whether there will be much change in that *unless* Marie Le Pen wins the French Presidential vote which would put the euro under pressure (as might one or two other European elections to be honest). Buy today, buy tomorrow, buy on a Thursday. I doubt whether its going to make a great deal of difference..

But there again, if I knew what was going to happen in the currency markets, I wouldn't be holidaying in a 15 year old Eriba caravan!



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#6

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Tue Mar 07, 2017 8:23 am
by Bryn | 1.027 Posts

We live in France and if we need to make a large purchase or for holiday expenses, fuel, site fee's, ice creams for Frantome ?? we use our Nationwide UK credit card, this gives the best exchange rate and no charges and then pay from our UK bank


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#7

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Tue Mar 07, 2017 9:55 am
by Deeps (deleted)
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A short section from the article here - http://www.poundsterlingforecast.com/

With the UK’s future still massively uncertain owing to the problems caused by what is happening with Article 50 and still no formal date announced this is likely to continue to cause problems for Sterling in the short term.

Therefore, if you’re buying Euros it may be worth organising this in the near future before the uncertainty of what may happen once Article 50 is formally triggered.


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#8

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Fri Mar 10, 2017 12:40 pm
by Randa france | 13.258 Posts

Well we've gone and bought 500 euros today. The best High Street exchange rate is either the PO or Thomas Cooks. 1.12 Euros to the pound.

That'll be a sure sign that the Euro will drop in the forthcoming weeks

Randa


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#9

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Fri Mar 10, 2017 3:20 pm
by Bryn | 1.027 Posts

Well, I still think that the Nationwide credit card is the best rate, anyway, it is 22dgs and sat here with a glass of wine at 1.79 euros per.bottle, who cares any road up


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#10

RE: Euro Exchange Rate

in Anything that's not Eriba-related. Fri Mar 10, 2017 6:04 pm
by ChrisCM (deleted)
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We were in Spain a few weeks ago, using our Halifax Credit Cards, ones that don't charge for foreign use, we were getting just over €1.17 to the pound on purchases. I used my First Direct debit card for cash and was getting €1.169 but, of course, there were fees!
We travel a lot to Spain and never bother to buy in advance, it's a lottery I'm afraid, you may win, you may lose.
When using Sterling cards abroad you should always ensure that you are charged the Euro price as any Sterling price they offer is likely to be at a very unfavourable rate.

Chris


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