Some travel expert on the TV this week said if you plan to change £1000 into euros you will lose approx £100 as the exchange is so low.
BG
They're not wrong. It is around that 10% figure at the moment. Spare a thought for someone who maybe bought a plot of land in Sep/Oct/ when the exchange was good.
Lets say they offered e50,000 for example.
When any paperwork's done and they are due to pay the full balance it will then cost them over £4500 sterling extra. And, if they have accepted a building quote of e1600 per sq mtr then that 's an increase of £160 per sq mtr.
So if they've planned for a 120 sq mtr house.............. - Nightmare !
Think I may have to look for another job!
Negg