Exchange rate
 

Just seen the exchange rate :thumbsup: 1.196!!

Wonder how low the euro will slide...

G

Re: Exchange rate
 

It's touched 1.20 today - wasn't that your minimum target before you think about buying?

Re: Exchange rate
 

Yes! But will obviously see if it goes any higher :lol: Also wouldn't want to buy in euros then PT change to escudos or something awful, gosh it's all so difficult!

Re: Exchange rate
 

HI

Friday i saw it hit 1.2103 euro and buy at 1.1880 euro it looks to be getting better. At the moment it is at 1.2083 euro and buy rate is still 1.1880.

Peter

Re: Exchange rate
 

It's a funny old world - here we are getting all excited about the pound climbing above 1.20€, yet I remember everyone being thoroughly depressed at the thought of it dropping down to 1.20€. In fact the idea of it going so low was generally considered to be unthinkable - but it happened, and then some. :(

Re: Exchange rate
 

I think its the money men playing silly buggers , you knwo those that sell off in may to buy back in after their jollies , I reckon they are using every trick in the book to drive it down.... epecially after adding hungary to the mix.

Well if these guys are right we will see 1.30 before we see a downturn.Which is a pity for me as I changed lots over the last 6 months thinking it was the quid in retraction and not the euro... but hey I averaged about 1.12 abd i remember all too easilly the parity that lost me a few projects.

But there is still a downside to this , every day costs go up as the euro goes down , petrol , utils , taxes and food all increase in price , so its swings and roundabouts.

Now we hear that china , the manufacturer of the worlds goods , well they are now getting intolerant at their measley wages and bad conditions.... and its those cheap goods that have artificially propped up the west standard of living index.Some of the marque cars are being made in china , or soon to be , including jaguar which you would have thought considering its indian now would have been cheaper to make there.

Still its always doom and gloom in the markets , sometimes its just better to have ostrich brains and enjoy all that bliss.

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Yes have you read about the suicides in the factories that make Apple components? Shocking how much they earn and the conditions they work in certainly made me think twice about purchasing anything from Apple....

Re: Exchange rate
 

Today on BBC's working lunch the Currency expert said that he expects the € to reach €1.25 against the £ over summer and possibly €1.30 by end of year.
It is only his opinion and I claim no responsibility. :D

Re: Exchange rate
 

There was a similar forecast in the FT about a month ago.

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I never believe these so-called finance experts. Very few, if any, predicted the stock market crashes and recession.

The Euro gained 1% against the Pound today.

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Hi just completed on wednesday on a apartment in Alvor and i used crown currency exchange and bought @ 1.17 2months ago

Re: Exchange rate
 

Congratulations and I hope you enjoy your new house.

Re: Exchange rate
 

The pound should easily hit €1.30 this year and probably €1.40 next year, if not €1.50.

More interesting is what happens when the euro cracks as I'm sure it will. My guess is that Greece, Portugal and Spain would get kicked out of the € and the rest will keep it under the same or different name.

Re: Exchange rate
 

OMG I just looked and it's 1.236!!! Where did that come from? Big jump.

1.5 sounds good to me, but the thought that PT could go back to escudos...
G

Re: Exchange rate
 

When that happens, the escudo will drop against all major currencies and stay low, at least for a while. That would be a good time for buying it with your pounds.

It should also be a good move for Portugal. I can't see how they can generate any growth remaining in the Euro.