Exchange rate
#1
Exchange rate
I've seen no posts on this subject, is no one interested ?
Too full of Christmas spirits ?
It's now over 1.20 on the currency markets and I got 1.18 in a street exchange for cash this morning
Too full of Christmas spirits ?
It's now over 1.20 on the currency markets and I got 1.18 in a street exchange for cash this morning
#2
Re: Exchange rate
I am now!.... mind you my OH probably knows hour by hour anyway so given I rarely need pounds it's all under control.
#3
squeaky clean
Joined: Mar 2010
Location: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Posts: 1,576
Re: Exchange rate
I've been watching it going up - it seems the money markets love the recent "Cameron v Europe" saga
Jo xxx
Jo xxx
#4
Banned
Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: Exchange rate
I'm already up 4% on my dollar purchase...
#5
Re: Exchange rate
Leads to a bit of a split personality when you need the pound to be strong to get the best rate bringing euros over for houskeeping yet the euro to be strong against the dollar so the fuel doesn't go through the roof (again)
#6
Forum Regular
Joined: May 2008
Posts: 40
Re: Exchange rate
I got 1.176 yesterday on transfer from UK
#7
Banned
Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: Exchange rate
And on the other hand... me cherishing the thought of the Euro valued on par with the Dollar so that I'll make a good profit from all those dollars I just bought...
...while at the same time hoping a praying the Pound will become double the value of the Euro... so our Spanish mortgage becomes half of its value in pounds, and our pensions (in sterling) buy twice as much in Euros...
Let the good times roll!
#8
Re: Exchange rate
It is a mind-bender, isn't it? We worrying about the Euro becoming valued similarly to the dollar so that already staggering petrol prices don't go higher, yet, Americans (on the dollar economy) pay only a fraction of what we do for their petrol...
And on the other hand... me cherishing the thought of the Euro valued on par with the Dollar so that I'll make a good profit from all those dollars I just bought...
...while at the same time hoping a praying the Pound will become double the value of the Euro... so our Spanish mortgage becomes half of its value in pounds, and our pensions (in sterling) buy twice as much in Euros...
Let the good times roll!
And on the other hand... me cherishing the thought of the Euro valued on par with the Dollar so that I'll make a good profit from all those dollars I just bought...
...while at the same time hoping a praying the Pound will become double the value of the Euro... so our Spanish mortgage becomes half of its value in pounds, and our pensions (in sterling) buy twice as much in Euros...
Let the good times roll!
Or plummet because of the run on the European Banks that have huge exposure to those countries and the chaos that would ensue.
My bet would be a big violent down then a very gradual up as the stronger remnants (Germany, Netherlands, France etc) of the Euro remain.
#9
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,625
Re: Exchange rate
I think that is the big unknown, what if Greece came out and did better what would other badly affected countries do including Spain I don't think anyone has a clue I suppose what will be will be. Mind strikes me that every time the pound picks up against the Euro and gets discussed on here it goes down so SHHHHHHHHH
#10
BE Enthusiast
Joined: Jun 2009
Posts: 474
Re: Exchange rate
I think that is the big unknown, what if Greece came out and did better what would other badly affected countries do including Spain I don't think anyone has a clue I suppose what will be will be. Mind strikes me that every time the pound picks up against the Euro and gets discussed on here it goes down so SHHHHHHHHH
DSB.
#13
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Exchange rate
I think that is the big unknown, what if Greece came out and did better what would other badly affected countries do including Spain I don't think anyone has a clue I suppose what will be will be. Mind strikes me that every time the pound picks up against the Euro and gets discussed on here it goes down so SHHHHHHHHH
.
#15
BE Enthusiast
Joined: Mar 2008
Location: SE Dordogne France
Posts: 982
Re: Exchange rate
I think the principal reason the Euro has weakened is nothing to do with DC but because the ECB made available €489bn in cheap 3 year loans.
Quantative easing in effect.
Quantative easing in effect.