Should I wait to buy Euros? - HotUKDeals
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Should I wait to buy Euros?

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Question for any financial pundits out there. i am due to go on holiday to France in June. Is now a good time to buy Euros or should I hold fire in the hope that Exchange rate will improve??. I kno… Read More
rolo28 Avatar
8y, 3m agoPosted 8 years, 3 months ago
Question for any financial pundits out there.

i am due to go on holiday to France in June. Is now a good time to buy Euros or should I hold fire in the hope that Exchange rate will improve??. I know this is the 6 million dollar question, but what do you think??. Cheers
rolo28 Avatar
8y, 3m agoPosted 8 years, 3 months ago
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Comments/page:
#1
Not sure how it is now but when I traded pounds for Euros end of Feb paid £252 and got about 263 euros
#2
Get a Nationwide card and wait till you get there.
The rate you get from the cash machines is better than
the rate here.................
#3
Sorry I don't know, but am intersted too
#4
natversion1
Not sure how it is now but when I traded pounds for Euros end of Feb paid £252 and got about 263 euros


Go somewhere nice?:?
#5
hannah19790
Go somewhere nice?:?


Dublin :thumbsup:
#6
Nationwide now charge for using card abroad just like all other cards now!!!??
#7
live in newry and it seems most places here are giving pound=euro rates!
#8
think ur wrong according to website nationwide still offer this service?
#9
clnmckec
think ur wrong according to website nationwide still offer this service?


they are in the process of starting to charge. not sure if there was a #n effective from date or not but I've read they are going to charge soon
#10
natversion1
Dublin :thumbsup:


Ah nice:thumbsup:
#11
I would wait. It wont be where it was last year but i would hope its going to be better than today's rate.
#12
KINGMUZZZAUK
Nationwide now charge for using card abroad just like all other cards now!!!??


Hi, I use both the credit card and the debit card from them. There are some details about the way they will start charging from May : http://www.nationwide.co.uk/current_account/foreigntransactions.htm.

I had a look and it seems the most of the EEC countries won't occur a charge. For the other countries the fee is quite low: The fee is currently 0.84%. From 1 July 2009 this fee will increase to 1%.

So I am not sure if they actually charge a fee at the moment for the other countries.... I will need to look at bank statement.
#13
You could try here, [url]www.crowncurrencyexchange.com[/url]
I used them to buy dollars last year and found then excellent to deal with.
#14
KINGMUZZZAUK
Nationwide now charge for using card abroad just like all other cards now!!!??
They just pass on the 1% Visa charge. Still far less than most banks/cards.
#15
I would wait,

our interest rates are about as low as they can get in the attempt to help with recession. the European central bank still has some way to go as they are being more cautious. The liklihood is that they will continue dropping rates over the next few months as evidence of damage in Europe comes out. After all this is a global recession.

This should at least stabilise the current exchange rate and may start a slow improvement in Sterling against Euro. By June - who knows, but the chances are you will suffer little by waiting.

and on Nationwide, as a previous poster has said, the EEC is still covered by the no charges policy and if you are going in june, you have time to open an account which would save you a good 2.5-3% charges on what you buy.
#16
ianstanley;4655700
I would wait,
our interest rates are about as low as they can get in the attempt to help with recession. the European central bank still has some way to go as they are being more cautious. The liklihood is that they will continue dropping rates over the next few months as evidence of damage in Europe comes out. After all this is a global recession.

+1.

The company i work for is a subsidury of a large european company, whilst we have been up front about our problems everyone else seems to have been attempting to brush things under the carpet "no trouble here", the monthly reports tell me otherwise.
#17
Interest rates may be as low as possible but there is no way of gauging what effect the "quantitative easing" will have on the market. If it doesn't work the way that the Bank of England thinks it should then we could see the pound drop further.
#18
It also depends on how much you intend to convert.
If it's only a couple of hundred quid, then it's not really going to make that much difference.
If it's several thousand pounds, then yes, you would be advised to seek out the best rate.
#19
I would wait and see, since the Euroland has yet to 'correct' their currency and when they do the pound should level back to somewhere near to it was before.

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