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Euro Exchange Rate? Up or down?

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Hiya, Just wondered whens the best time to buy euros? Will the rate change before september? up or down? do people no or is it just when it happens? rep for helpers, thankyou. Read More
kerri_<3_bargain Avatar
7y, 9m agoPosted 7 years, 9 months ago
Hiya,
Just wondered whens the best time to buy euros?
Will the rate change before september?
up or down? do people no or is it just when it happens?
rep for helpers, thankyou.
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kerri_<3_bargain Avatar
7y, 9m agoPosted 7 years, 9 months ago
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1 Like #1
People don't know. It's just pot luck.
You could buy some now and the rate would plummet or vice versa.
One thing you might just consider is getting half now and half just before you go. Maybe.
#2
I was half-asleep last night, but I'm sure they said on the news that yesterday it reached some sort of high point, whether this was for the month or quarter I don't know...however it does seem that this implies that the rate is on the up :thumbsup:
1 Like #3
1.13 i got mines online at 1.16 check moneysupermarket.com for the best exchange rates
#4
cribert
1.13 i got mines online at 1.16 check moneysupermarket.com for the best exchange rates

seems like pot luck then, Ile do that thankyou. repped xxx
#5
chesso
People don't know. It's just pot luck.
You could buy some now and the rate would plummet or vice versa.
One thing you might just consider is getting half now and half just before you go. Maybe.


yeah thanks what i was thinking, also is it better to get the euros over there? there being corfu?

repp

xx
1 Like #6
been as low as 1.03, but been steady 1.13/14 for cpl of weeks now, don`t think it will go much higher, but could drop. You are only gonna get 1p more per pound at most, i personally would buy now, as this is best it`s been for a while
#7
How do you do it on moneysupermarket i couldnt find it anywere thanks xx
#8
fskinner
been as low as 1.03, but been steady 1.13/14 for cpl of weeks now, don`t think it will go much higher, but could drop. You are only gonna get 1p more per pound at most, i personally would buy now, as this is best it`s been for a while
thankyou, i think shall buy now :) repxx
#9
No, leave it as late as possible. The pound is only gonna get stronger. We are emerging through the other side of the 'credit crunch.'
#10
sloth_frattelli
No, leave it as late as possible. The pound is only gonna get stronger. We are emerging through the other side of the 'credit crunch.'


oh dear im confused now lol :-s

im going 14th sept, so maybe get them the end of august?
xx
1 Like #11
I suppose it depends how much you are changing.
If you are going self catering and changing plenty of cash I would wait until
you got abroad ( just got 1.16 in majorca and it has gone up since I came back )
if you are not changing too much the difference is so minimal it does not really matter.
If you have a Nationwide Current account that does not charge ( flex ) go with that
the rate is usually better. Either way enjoy your holiday.........
#12
I have 600 euros i brought back from holiday i know the best thing to do is sell to someone who is going to the eurozone making it a better deal for both, trouble is i don't know anyone going to abroad soon.

Any advice where i will get most sterling for the euro??
#13
The x rate is steadily increasing and should do again before sep.

Hold fire, then visit your local high st and see who will beat who to get your cash.
1 Like #14
If you have a Nationwide Building Society Flexaccount you can withdraw abroad using their Visa Debit card, for limited cost, and you get a good exchange rate.

Here's mine from a couple of days ago in Holland -

'4th Aug Cash Abn Amro Bank N.V. AMSTERDAM. 50.00EUR at 1.175' £42.54 so, 1 Euro 17.5 cents per £.

in other words, £42.54 for 50 Euros. I always find Nationwide have the best rates when withdrawn overseas.

Edit - compare this with today's Travelex rate - EUR 1 14.79 cents per £1 - http://www.travelex.co.uk/uk/?ns_campaign=b2c_travelmoney&ns_mchannel=ppc&ns_source=Google&ns_linkname=travelex&ns_fee=0&utm_source=Google&utm_medium=cpc&utm_term=travelex

Another service that's had good reviews, is the Fairfx card - look out for deals, as the card is typically charged. http://www.fairfx.com/travelcardl/?adnetwork=adwords-ispy/&utm_source=Google&utm_medium=PPC&utm_term=Travelex&utm_campaign=Competitors&gclid=CJfOl4Sij5wCFZ0U4wodfxY5ZA Their rate for Euro's today is Eur 1 16 cents per £1.

As for whether rates will go up or down, if this was more predictable, many people would quickly become millionaires, by switching their money between currencies - I wish I could tell you which way things would go by your holiday time, but it is guesswork for everybody. If you think the UK economy will pull up sharply, compared to the Euro market, then the £ may well buy more Euro's in the short term. We've had some good news here, but I'm not sure how Europe is just now. Good luck! Efa

Another place for some guidance, is moneysavingexpert, which has a special page on foreign currency info - http://www.moneysavingexpert.com/travel/cheap-travel-money

Have a great trip!!!!!!
1 Like #15
kerri_<3_bargain
How do you do it on moneysupermarket i couldnt find it anywere thanks xx


Don't know about moneysupermarket, but try here;

http://travelmoney.moneysavingexpert.com/

Best site out there for travel money advice imo...
#16
sloth_frattelli
No, leave it as late as possible. The pound is only gonna get stronger. We are emerging through the other side of the 'credit crunch.'


Absolute rubbish, if anyone knew that for certain, we would all be very rich.
banned#17
Just wondered whens the best time to buy euros? When visiting countries that accept the Euro
Will the rate change before september? Yes
up or down? Both probably
do people no or is it just when it happens? people dont generally KNOW, unless they work in the currency markets
#18
keltbrat
I have 600 euros i brought back from holiday i know the best thing to do is sell to someone who is going to the eurozone making it a better deal for both, trouble is i don't know anyone going to abroad soon.

Any advice where i will get most sterling for the euro??


You could try advertising on here, as many of us are travelling, including me and the person who started this post - if this is acceptable, which I don't know about.
#19
equalityforall
You could try advertising on here, as many of us are travelling, including me and the person who started this post - if this is acceptable, which I don't know about.


unfortunately we are not allowed to "sell or trade" currency on HUKD, sorry
#20
dimebars

do people no or is it just when it happens? people dont generally KNOW, unless they work in the currency markets


Not even those working in the currency markets know for certain.
1 Like #21
you will generally find you get a better rate abroad than in this country, what i normally do is to get hold of enough currency to last you a couple of days, then change it over there as you need it, you therefore will not be bringing loads of euros back with you, ask your friends if they will sell you any left over euros.
1 Like #22
simon012
unfortunately we are not allowed to "sell or trade" currency on HUKD, sorry


Thanks for clarifying that, I had a feeling that it may not have been allowed, thus added my 'if it's allowed ...' Appreciated you adding that quickly - thank you ;)
#23
simon012
I suppose it depends how much you are changing.
If you are going self catering and changing plenty of cash I would wait until
you got abroad ( just got 1.16 in majorca and it has gone up since I came back )
if you are not changing too much the difference is so minimal it does not really matter.
If you have a Nationwide Current account that does not charge ( flex ) go with that
the rate is usually better. Either way enjoy your holiday.........
thankyou i will do :-)
#24
equalityforall
If you have a Nationwide Building Society Flexaccount you can withdraw abroad using their Visa Debit card, for limited cost, and you get a good exchange rate.

Here's mine from a couple of days ago in Holland -

'4th Aug Cash Abn Amro Bank N.V. AMSTERDAM. 50.00EUR at 1.175' £42.54 so, 1 Euro 17.5 cents per £.

in other words, £42.54 for 50 Euros. I always find Nationwide have the best rates when withdrawn overseas.

Edit - compare this with today's Travelex rate - EUR 1 14.79 cents per £1 - http://www.travelex.co.uk/uk/?ns_campaign=b2c_travelmoney&ns_mchannel=ppc&ns_source=Google&ns_linkname=travelex&ns_fee=0&utm_source=Google&utm_medium=cpc&utm_term=travelex

Another service that's had good reviews, is the Fairfx card - look out for deals, as the card is typically charged. http://www.fairfx.com/travelcardl/?adnetwork=adwords-ispy/&utm_source=Google&utm_medium=PPC&utm_term=Travelex&utm_campaign=Competitors&gclid=CJfOl4Sij5wCFZ0U4wodfxY5ZA Their rate for Euro's today is Eur 1 16 cents per £1.

As for whether rates will go up or down, if this was more predictable, many people would quickly become millionaires, by switching their money between currencies - I wish I could tell you which way things would go by your holiday time, but it is guesswork for everybody. If you think the UK economy will pull up sharply, compared to the Euro market, then the £ may well buy more Euro's in the short term. We've had some good news here, but I'm not sure how Europe is just now. Good luck! Efa

Another place for some guidance, is moneysavingexpert, which has a special page on foreign currency info - http://www.moneysavingexpert.com/travel/cheap-travel-money

Have a great trip!!!!!!
thanks for info repped. xx
#25
Repped everyone useful :-D thankyou x
#26
kerri_<3_bargain
Repped everyone useful :-D thankyou x


Thank you, it's important we get the best our money can buy ;)
Also, don't understand the repped thing, but thanks, it's always good to know you've helped someone.
#27
Inactive
Not even those working in the currency markets know for certain.


+1, Ive started trading currency markets recently and it is a crazy world :).
I would get a nationwide account and just put your spending money in there. Your debit card is commision free when you use it abroad in Europe so you will get a better rate than you would do changing it a currency exchange place
banned#28
if I knew the answer to the question, i wouldnt be on this site!
#29
If you use a Nationwide Flexaccount, to withdraw money whilst you're in Europe for free, no commission charges etc, then you can keep your money in an 'esavings' account, linked to your Flexaccount, and can transfer it immediately. It will mean that your savings money earns some (and we all know how little these days!) interest, until transferred.

My sister works for a major bank, but still uses a Nationwide Flexaccount as her travelling account, as it's free in Europe, and cheap in the rest of the world. You can transfer money via the internet between Nationwide accounts, if you can get free internet access abroad, meaning it stays in the interest earning account as long as possible, if you pay for internet access abroad, it's probably not worth it though.

Here's their application/info screen, should it be of use to you or anyone. http://www.nationwide.co.uk/current_account/default.htm
#30
Try this company, always seem better rates than high street

http://www.fairfx.com/
#31
equalityforall
Also, don't understand the repped thing, but thanks, it's always good to know you've helped someone.


You can give/receive rep points for helping someone/saying something funny/any reason really, you add it by clicking on the set of scales next to a users avatar. The red dots underneath signify the amount of rep you've received yourself.

If you click on "control panel" at the top of the screen, it should come up with a list of rep you've received (and from whom, if they've left their username)...
#32
treble99
+1, Ive started trading currency markets recently and it is a crazy world :).
I would get a nationwide account and just put your spending money in there. Your debit card is commision free when you use it abroad in Europe so you will get a better rate than you would do changing it a currency exchange place


+1

Certainly the best option.:thumbsup:

Check the rates here;

http://www.corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

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