Arillas Forum

Welcome to Arillas => Arillas general information => Currency, cash and exchange. => Topic started by: Ron and Sue on January 30, 2013, 01:38:40 PM

Title: EXCHANGE RATE - 2013
Post by: Ron and Sue on January 30, 2013, 01:38:40 PM
Anyone got any clue to how the Euro rate is going to be this year?Last year(in May) I was able to get 124.75 with FairFX.This has now dropped to 114.70 and all the articles I am reading are saying that it is going to fall much lower.I am wondering if it may be worth buying now.Most High Street shops and banks are already lower than FairFX.Do any Forum members have any thoughts on this subject?        Ron.
Title: Re: EXCHANGE RATE - 2013
Post by: Geoff on January 30, 2013, 02:56:25 PM
If we knew the answer to that Ron then we could all make a fortune on the Currency Markets!
What I have noticed though, over the years, is that the £ seems to lose against the Euro over the winter, but always bounces back when the tourist season starts. Of course it might be different this time.
Last year we were getting good rates 'cos the Euro was suffering from the Greek debt problem and the uncertainty of other EU countries that might also need a bail-out. To a certain extent those problems have diminished, thereby making the Euro stronger.
Meanwhile the UK has entered a Triple Dip recession, our Government are borrowing more than they said we would, our Prime Minister has thrown our entire economy into an unsettled state by indicating that we may well be leaving the EU in 5 years time, and most of the financial establishment now believe that it is not a matter of IF we lose our AAA rating, but WHEN. So the UK £ is falling on the worlds currency markets. Add that to the rising Euro and I think that we could easily see the £ / Euro rates falling a lot further.

Just my thoughts - and I know nothing about International Finance !!
But I do know that when the time comes for me to pay for the work that I am currently having done to my house it is going to cost me a lot more than I thought! :-(
Title: Re: EXCHANGE RATE - 2013
Post by: Truth on January 30, 2013, 06:35:39 PM
Yes, all what Geoff says above !  A bit worrying .....................
Good for exports though ! lol
Title: Re: EXCHANGE RATE - 2013
Post by: Val n Bill on January 30, 2013, 07:25:13 PM

Yes Geoff, I am thinking along the same lines as you.

Maybe it would be prudent to buy some Euros before the prices start falling further.

                 Val x
Title: Re: EXCHANGE RATE - 2013
Post by: kevin.g on January 30, 2013, 07:52:16 PM
e115 at the place i use ...grrrrrrrrrrr
Title: Re: EXCHANGE RATE - 2013
Post by: Ron and Sue on January 31, 2013, 01:33:56 PM
Truth        the only thing I want to export is myself to Arillas.This I will be doing in early June and just hope the exchange rate is not too bad then.
Title: Re: EXCHANGE RATE - 2013
Post by: Truth on January 31, 2013, 06:13:02 PM
The only problem is we have to then import ourselves back here ....... which is a shame !
Title: Re: EXCHANGE RATE - 2013
Post by: Angela66 on February 01, 2013, 10:31:44 PM
Nasty drop today- biggest fall in value of pound to euro in one day since 2010.  Closed at 1.15


But - I kept €250 from last years hols:). Should make up for any shortfall:)

6 months to go!
Title: Re: EXCHANGE RATE - 2013
Post by: Janis on February 02, 2013, 12:49:42 AM
I bought 110 euros today - it cost me £96.66 - the exchange rate was 1.1138 :-(

This is just for "incidentals" - I hope we get a better rate in Malta next week ...

Janis x
Title: Re: EXCHANGE RATE - 2013
Post by: TerryW on February 25, 2013, 10:41:45 AM
I think our 2013 holidays are now, going to cost us a lot more money :-(

AAA loss: Pound falls as markets react to downgrade

The pound fell to a 31-month low against the dollar and a 16-month low against the euro.

http://www.bbc.co.uk/news/business/market_data/currency/11/13/twelve_month.stm
Title: Re: EXCHANGE RATE - 2013
Post by: Val n Bill on February 25, 2013, 12:36:16 PM

Thanks Terry, think we will buy some Euro now before it drops any more.

            Val x
Title: Re: EXCHANGE RATE - 2013
Post by: chezphil on February 25, 2013, 03:07:27 PM
Personally we always budget in pounds, on our holidays there for we dont spend anymore if the euro goes up or down i know the sitituation withe rating going down effects the exchange rate for the moment i believe it will go up  again quite soon, as it will effect the exports from europe into Britian so cant see germany and france letting it effect there exports as we take a lot from them
Title: Re: EXCHANGE RATE - 2013
Post by: Janis on February 25, 2013, 07:06:37 PM
Well we have 27 euros left from our Malta holiday so will keep them for Arillas! (well, it's a start ...)

11 weeks to go ..!!

Janis x
Title: Re: EXCHANGE RATE - 2013
Post by: Angela66 on February 25, 2013, 08:33:39 PM
The Euro has also dropped against the dollar so there is hope yet;)
Title: Re: EXCHANGE RATE - 2013
Post by: Ron and Sue on February 28, 2013, 06:11:15 PM
Changing sterling into Euros always seems to be a catch 22 situation.If the rate is 112 and you dont buy it will go down to 105;if you do buy it will go up to 120.I have seen 114 offered  today at Co-op Travel so am wondering wether to buy half my expected spend now and wait to see where the rate goes over the next few weeks.I think the uncertainty after the Italian elections has kept the rate a bit higher but for how long is anyones guess.
Title: Re: EXCHANGE RATE - 2013
Post by: Truth on February 28, 2013, 06:16:42 PM
1.14 is a very good rate, I can only get 1.138 on line
Title: Re: EXCHANGE RATE - 2013
Post by: vivian on March 01, 2013, 12:57:22 AM
Got 570 euro's with moneycorp for £501.23 today. Had 430 left from last year. If we need anymore which I hope we dont will have to get it from ATM. when in Arillas in 64 days time.
Title: Re: EXCHANGE RATE - 2013
Post by: kevin.g on March 01, 2013, 10:16:32 PM
www.thomas global exchange is e14.3 at the mo ,,yammas
Title: Re: EXCHANGE RATE - 2013
Post by: vivian on March 01, 2013, 10:30:28 PM
Don't think 14.3 think you mean 1.43 lol
Title: Re: EXCHANGE RATE - 2013
Post by: JohnTheRef&Dot on March 02, 2013, 12:14:54 AM
Going to start a rush on the Euro if it's 1.43 Viv that would be as much as you were getting in 2007, everyone will be buying if it is.

Think Kevin ment 1.143
Title: Re: EXCHANGE RATE - 2013
Post by: justphil on March 02, 2013, 01:51:47 AM
The Arillas mathematicians at work John? Dreamers the lot of us..... At 1.43 I would change my booking to 6 weeks this summer.

Phil
Title: Re: EXCHANGE RATE - 2013
Post by: kevin.g on March 02, 2013, 04:08:41 PM
oops sorry to many beers ,,lol
Title: Re: EXCHANGE RATE - 2013
Post by: vivian on March 03, 2013, 12:51:49 PM
Was dreaming myself. Viv xx
Title: Re: EXCHANGE RATE - 2013
Post by: Jo Wissett on July 17, 2013, 03:03:59 PM
Got a rate of 1.14 yesterday at my local Thomson4 travel agents.
Title: Re: EXCHANGE RATE - 2013
Post by: Erja on July 17, 2013, 04:03:52 PM
I have just been to get my "beer tokens" from Thomas Global Strand office (thanks for the tip Kevin!) with rate of 1.146 which was the best in and around London town.

I still have 30 sleeps but I been watching Euro go down slowly but surely so I thought I will go and get mine sorted post haste in this heat ;)
Title: Re: EXCHANGE RATE - 2013
Post by: Truth on July 17, 2013, 04:55:06 PM
Shame they don't deliver, I am sure I checked them out last year and it is just a "walk up" price ?
Title: Re: EXCHANGE RATE - 2013
Post by: Erja on July 17, 2013, 05:00:30 PM
Hello Truth,

They do deliver: http://www.thomasexchangeglobal.co.uk/services-travel-money-by-post.php

Title: Re: EXCHANGE RATE - 2013
Post by: justphil on July 17, 2013, 06:30:26 PM
It is going down by the day. We are below the psychological threshold of 10 percent more, ie 1.10.

If it is going to take a man to give Angela Merkel a good seeing to I still have working parts.... But those who want George Osborne can count me out....

Phil

Title: Re: EXCHANGE RATE - 2013
Post by: Dai on July 17, 2013, 06:38:47 PM
https://travelpremier.onlinecurrency.co.uk  deliver.
today's rate is 1.1480

Have used them without any problems, got just over 1.16 before I came out a few weeks ago.