Pound-Euro 2016

[Jimbo]

Let's assume it was 1.25 etc - that's way above the base rate. On Saturday the Interbank rate was 1.19. Maybe they're going to charge a lot of interest and fees.

[rilo57]

Dont know jim but thats what it said, i was very suprised also....was happy as rate has been so low..   
how did you enjoy Tsaros .?

[Jimbo]

Tsaros is lovely. My calf muscles are recovering!

[rilo57]

Ha...yes a bit of a pull up from juice bar..we are off tomorrow...peli&marias here we come

[Waspman]

What rate were you getting? 125 doesn't make sense!

Agree Jim, Santander is my bank. I have Santander 123 debit card, 123 credit card and Santander Zero credit card. Both credit cards are commission/charge free, was getting 1.19 - 1.20 only 2 days ago in San Stef. The Santander gold debit card cannot be used abroad without incurring charges, the exception being in Spanish territory where it is commision free.
I also have the Halifax Clarity (like you Jim) and was getting 1.20 from the ATM, but paying off online quickley so as not to incur  interest charges. That proved to be better than the 1.12-1.13 (after their 2% commission) which local outlets were offering.
Cash can also be withdrawn on the Santander Zero credit card, commission free,  but is unfortunately no longer available.

[rilo57]

Guess i am lucky then..but its in black and white on my statemet...

[Jimbo]

The pound/euro rate continues to get worse. The Interbank rate is down to 1.1692, and TravelFX rate is 1.1545

It's hard to see the probability of much change for several years, I think. The economy is not doing well, the Bank of England has cut interest rates, the uncertainty following the Brexit vote has no reason to change. San Stef remains very good value, of course, but not the wonder it was. In November Ł1,000 would have bought 1,400 euros - now it will buy 1,1545 euros. That's about 246 euros you can't spend.

[Jimbo]

And it's still dropping. Interbank rate down to 1.1642 - TravelFX at 1.1474

Predictable - but Oh Dear!

[Jimbo]

The pound has strengthened a little, with the Interbank rate today at 1.1718 - which means dosh on TravelFX has improved to 1.1566

[swedebasher]

1.1748 as I do this.

[Jimbo]

And still slowly rising...

[Dupnica]

I've noticed it gradually increasing the last few days. Is this a trend,or should we take the plunge and order now for September?

[Andy7]

Barclays are forecasting the pound/euro rate to rise to 1.30 by spring 2017.

Today the bank rate is 1.17 and you can get nearly 1.15 by ordering on line at Thomas Cook.

Maybe the worst is behind us?

Andy

[Jimbo]

Don't get too excited - rate dropped to 1.1686

Duh!

[swedebasher]

Went up!!