Re: Is the Peseta making a return?
 

When the rate reached 1.23 ?????

Re: Is the Peseta making a return?
 

I was talking about the slump to 1.15. But yes, if we can get 1.23 again that would be a start :fingerscrossed:

Re: Is the Peseta making a return?
 

I was making the point that 1.19 is worse than at the start of this year when it was 1.23

Re: Is the Peseta making a return?
 

The peseta has no need to make a return because it never went out, especially with some of the old gadgies near me.

My neighbours still talk everything from house prices to the family shopping in terms of pesetas.

Re: Is the Peseta making a return?
 

I used to laugh at the early € house prices were it was obvious they had converted the Peseta price to Euros.

I.E. €180,304 derived from Pts 30 million.

Why not €181.500 or even a straight €180,000

Probably still happens today, after all some shops still show € and Pts on price tags.

Re: Is the Peseta making a return?
 

I imagine there must be a few other fortunate ones like myself to whom the exchange rate doesn't really matter much.

I shifted quite a bit into Spain almost 20 yrs back when it was a zillion psts or so to the pound and a just a little more in the early euro days at 1.5 plus to the pound.

A little good fortune on the property market helped boost it quite a bit further.

Now I only move some in the opposite direction for safe keeping which hasn't worked out too badly either.


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Re: Is the Peseta making a return?
 

Been some rumblings in the media lately that Germany may consider leaving the Euro. I can't see it myself, they've gained enormously from the lower currency (an indepenent DM would zoom too high for their industry), but it would help most of the other countries in the Eurozone. Even a 15% drop would mean the pound could buy 1.37 Euros. :thumbup:

Re: Is the Peseta making a return?
 

I just found a 1000 Pta note in a drawer. In the old days, this was a decent amount of cash, now it would be good for two coffees and a bun. So, no, don't bring back the peseta. Let's have pieces-of-eight instead.