There seems to be a major battle going on right now between these two currencies.
Concerns are already being raised in Arillas as, should the exchange rate remain poor then will families look else where for their holidays?
A poor exchange not only incurs more expense for holidaymakers but also will affect those buying land or property. For example:-
1. A last year £35 meal for four could cost, in May, £41.
2. A weeks car hire could slap an extra £22 on the budget.
And, if you were lucky and fortunate enough to find a plot of land for e60000 ?
September 07 would have cost £40,850 - Now would cost you £46,000.
I cannot remember when the euro exchange went as low as the e1.26 currently mentioned and I know all regular forum visitors will continue to give Arillas it's full support and custom, as indeed all regular visitors to any part of their favourite piece of Corfu will.
So lets hope that in the next 4/5 months sees that exchange come back to a very sensible exchange.
Interesting to note that when we come back to England for a week in May, and using the current exchange, we could bring back e1000 with us and exchange for £769 sterling. But we originally only paid £675 for them. ( Including a bank commission)
I have based all the above figures on a bank exchange rate not a tourist and calculated at August last year and exchange, as I know it, today.
Cheers
Negg