San Stefanos Online ~ North West Corfu
Welcome to San Stefanos (NW Corfu) => San Stefanos news and views => Topic started by: Jimbo on January 29, 2019, 03:48:16 PM
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Might be worth noting here any good or bad news when it comes to holiday dosh...
I tend to quote TravelFX for cash, because it's almost always the best rate.
Today the rate is quite good by the poor contemporary standards at 1.1403
IMX puts this down to lower growth in the Eurozone and the possibility of Brexit being postponed or cancelled. As nobody has a clue about what's going to happen it's all a shot in the dark.
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It's a two horse race in the euro stakes
You either wait and keep your fingers crossed our careerist self serving so-called politicians finally get their act together.
Or go in now and take the punt at around 1.13 as that will look decidedly rosey if we hit the no-deal skids.
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That's a good rate Jimbo, I noticed on the Tesco board yesterday, it was about 1.11, they are obviously not the best rate, but I have noticed it creeping up slighty. Hope you are both keeping well.
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Dropped 1% overnight after the indecisive votes in parliament.
We're fine!
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Yes 1.13 we got here.
Keep watching though.
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TravelFX is now 1.1260, so it's unstable!
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Might be worth noting here any good or bad news when it comes to holiday dosh...
I tend to quote TravelFX for cash, because it's almost always the best rate.
Today the rate is quite good by the poor contemporary standards at 1.1403
IMX puts this down to lower growth in the Eurozone and the possibility of Brexit being postponed or cancelled. As nobody has a clue about what's going to happen it's all a shot in the dark.
Got 1.1491 last week with Travel FX so took a punt and bought a few.
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Very wise!
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Yes it's back down again now.You just have to be ready for it and keep checking.
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The pound has hit a 6 month high against the dollar and euro. The Interbank rate is currently 1.17 and TravelFX cash rate is 1.157
Financial commentators (not me, before you shoot me yet again) say that this is because the chances of a no-deal Brexit are shrinking rapidly. It looks increasingly likely that the UK's exit from the EU will be delayed for a couple of months or possibly longer.
This gives us a bit of a problem if we decide to buy now. A suspension could well see the rate go higher still. But if more confusion in Parliament arises, it could drop. If there's another referendum, Brexit might be cancelled completely. So it's a 737 full of "ifs," and none of us has the faintest idea what's going to happen.
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I think it will go up and down by just a tad at least until they have a meaningful vote in Parliament.
I have bought some at the current rate,need more though so I’m not diving in with both feet yet
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It is certainly better than the ATM rates here which are still at 1.05.......
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TravelFX is 1.1539 this morning. Down about 3/1000 of a euro!
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Yes just been checking.
We did have a few left from last year-about 250 which we had got at 1.15.
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Well, the euro rate went up to a year's high while the forum was off-line, reaching cash at 1.1604 on TravelFX. Not surprisingly, it's dropped significantly over the last 48 hours, and now down to 1.1424 on TravelFX. There doesn't seem to be much chance of it improving amidst the current chaos, unless Zeus appears in the sky and chucks a few thunderbolts.
One problem for us of pushing back the Brexit date to the end of June is that it's then right into the holiday season.
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We're off to Porto this weekend and I ordered mine on Monday and got 1.1526 from Sterling FX - today I would only have got 1.13 from them so its certainly volatile.
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Yep certainly up & down the ATM was back down to 1.06 today over here in Sidari.......opted as always for no conversion rate
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Just got 1.1620 on TravelFX. £s at 1.1743 as at 5.20pm today - the 3rd highest its been since before Sept last year.
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We got 1.16 on Wednesday -no com.
We should have enough now.
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Looking at it now I think I caught a break
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Not easy is it at the moment
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I keep the TravelFX website on my phone so I can 'babysit' it and dive in when the rate is better. You have to do that because they offer a 'live' rate that constantly changes, unlike many others who only change once at 1000. Given the behaviour at Parliament recently, the rate is not too bad. Not that long ago I was hard pressed to get 1.08.
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Yes - it's fluctuating but kind of orbiting around 1.14/1.15. I guess that means that the currency traders are not betting on anything at the moment. Oh for the days when 1.3 was the norm!
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It's grit-your-teeth time. IMX (currency traders who own TravelFX) say this morning that (a) if we crash out of the EU on Friday with no deal the pound will take a steep dive (b) if there's a deal or a long extension the pound will rise significantly (c) if Article 50 is revoked the pound will surge.
My personal view (usual caveats) is that the next 48 hours are critical. Crashing out with no deal would be disastrous, and nobody in power wants that. What happens in Lab/Con talks will probably decide it.
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It's all a bit of a gamble at the moment in the pound/euro stakes as no one seems to know which way things are going.
However as of 10pm this morning John Lewis compared more than favourably with TravelFX which is normally the best
John Lewis 1.1482
TravelFX 1.1441
You pays your money - you takes your choice!
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Yes it's up and down and difficult to judge.
We chanced most of ours on a rate of 1.158 but if it should go up we will get some more.
Only four weeks to go!!! ;D
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TravelFX is currently 1.1454.
It's not likely to change much while the MPs are having a break to recover. I reckon that only a miracle will change it much out of the 1.14/1.15 range, and miracles seem to be in short supply at the moment. In the grand scheme of things, really the difference between 1.14.and 1.15 is one cent - and on a £1,000 purchase that's ten euros, or two cocktails or a sunbed for day and a bit.
The sun and sea remain free!
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Travel office in resort of Sidari, yesterday, which was open as there are guests in resort there was 1.13...........
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That's not bad, as local rates go!
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The pound has dropped to a two-month low - TravelFX at 1.1410. That's because of continuing Brexit uncertainty. Oh for the days of cheap euros!
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Oh for the days of the Drachma
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Currently getting 1.165 ( from an ATM)
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How? The base rate is 1.1524 today (15th May) - TravelFX is 1.1389
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As the days edge closer to holiday time, the Brexit roulette wheel is still spinning and keeping the exchange rate low
It's all a bit chaotic as far as exchanging is concerned but one thing for sure there does not seem to be a short term solution with all the squabbles continuing
Do we go in now and exchange at around 1.14/15 or will it get higher?
Anybody got a clue?
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If anybody had a clue we wouldn't be in this situation! Uncertainty is the driving force. That's pretty certain to continue into June at least. So I think it's a matter of when people are going.
The pound dropped because of nil progress in the Lab/Con talks. There doesn't seem much chance of that changing, and when Mrs May tries to get her deal through parliament again in June she'll still be hostage to the right-wing of her party and the DUP, so I'm not rushing down the betting shop to stick any money on it passing.
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How? The base rate is 1.1524 today (15th May) - TravelFX is 1.1389
This is how Jimbo, use a Santander debit card at any Santander ATM in Spanish territory and you will get the best rate.
Remember, you didn't believe me once before and it cost you 20 euros. 200€ ÷ £171.63 = 1.1652
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I didn't say you were wrong, George. I didn't quite get how they could sell at a better rate than the current one, unless they bought a load of cash at a much higher rate.
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I didn't say you were wrong, George. I didn't quite get how they could sell at a better rate than the current one, unless they bought a load of cash at a much higher rate.
Always get my euros for Corfu when in Tenerife Jim, works out a lot better than buying at home.
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Very handy if you happen to be going to Tenerife, but I fear the flight costs would spoil my rate rather a lot!
Meanwhile, the pound continues to sink. TravelFX is 1.1262 as I write. Tory power-struggles are plainly not helping.
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Power vacuum more like
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Sterling is still declining. TravelFX this morning is 1.1258
IMX daily newsletter says:
The currency has weakened by around 3 percent since the start of this month against both USD and Euro. Markets are pricing in a real possibility that a deal will not be agreed before the withdrawal agreement therefore increasing the chances of the UK leaving the EU without a deal.
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Wish I'd bought some weeks ago when the rate was 1.162.
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So do I. The rate dropped a bit more because MPs are not rushing to endorse Theresa May's latest (and probably last) attempt to get her deal through parliament.
I don't see much hope of a significant strengthening of the pound over the summer. There isn't currently anywhere left to go.
My personal comment on this (I stress only my view, plus 99% of economists) is that our current likely track to a No Deal Brexit would not create certainty; on the contrary, No Deal means many years of uncertainty and vast negotiations. There are few or no countries which trade under WTO rules - they all have "deals," many which have taken a decade to agree.
The weak pound has implications for the resort. The lower the pound the fewer euros those of us who do not have unlimited budgets will spend. We have to consider not having lunch in a beach-side bar/taverna and instead take boiled eggs and fruit to the beach. Of course, the difference between 1.12 and 1.16 is just a few cents - the significant change would only be a return to values such as 1.3. I can think of scenarios which would lead to this, but I dare not mention them!
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Well Jimbo unless parliament gets its act together in some shape or form we will leave the EU without a deal as the default position at the end of October. And as its parliament which has got us into this mess along with the incompetent PM its they who will take the blame. We're unlikely to get an extension. Macron is 100% against that and why would they agree when the situation has got worse since the last extension.
A no deal will without doubt be problematic in the short-term but with 44% of our exports (£244 billion) going to the EU and 53% of our imports (£341 billion) coming from the EU the desire to get an agreement albeit temporary would be great on both sides.
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I won't speculate on outcomes or blames here, but the currency markets are clearly not impressed. The pound fell again. The Interbank Rate (what you'll get on your credit card) as I write is 1.13196 and the TravelFX cash rate is 1.1206. It was below 1.2 earlier.
There's not much on the horizon that will make much difference for this summer!
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I've decided that frequently posting the rates is so depressing that I'll only bother if there is a significant move either way.
The pound hit a five month low this morning - TravelFX rate is 1.1143 and Interbank rate is 1.1241. Currency traders IMX daily newsletter predicts a further fall.
Still - it's warming up in Ag Stef. Even saw some people wading in the sea on the Nafsika webcam this morning.
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Yip - I've given up waiting in case of an increase and took the pain yesterday. Still 12 days til we fly out but don't anticipate any improvement.
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I've decided that frequently posting the rates is so depressing that I'll only bother if there is a significant move either way.
The pound hit a five month low this morning - TravelFX rate is 1.1143 and Interbank rate is 1.1241. Currency traders IMX daily newsletter predicts a further fall.
Still - it's warming up in Ag Stef. Even saw some people wading in the sea on the Nafsika webcam this morning.
Camera has moved again Jim... 8)
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I emailed Spiros asking him to show a bot of the pool by the bar - and he's done it!
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I emailed Spiros asking him to show a bot of the pool by the bar - and he's done it!
Excellent Jim :)
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I mean to say "bit" rather than "bot," but I guess it's relevant! :-)
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I emailed Spiros asking him to show a bot of the pool by the bar - and he's done it!
Mega times better Jimbo, thanks for that sir 8)
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I mean to say "bit" rather than "bot," but I guess it's relevant! :-)
I thought that Jim, but I liked 'bot' better ;D
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Looks beautiful in San Stef today. Fairly quiet round Nafsika pool. Just over 3 weeks for us 8)
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One little bit of good news-every cloud and all that- as a result of my accident in San Stef and enforced abstinence we have a good few Euro left that we got when the rate was 1.16.Better get back over PDQ and spend ‘em. :)
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I get your logic! Last summer we spent euros we still had because I had a stroke the previous autumn and had to cancel with 13 days to go. Let's hope we're all well enough to spend our remaining not-very-good-value euros from last year together with our Monopoly-money conversions this year!
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I’ll drink to that Jimbo.
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We're about to buy some dosh to take with us, and it's pretty depressing, really, compared to what it used to be. TravelFX is 1.1014 and the Interbank rate 1.1134
There's not much chance of this changing significantly over the next few months. Those with pensions or limited funds will probably have to cut out a cocktail or two or tighten their belts. I can't tighten mine much without looking like a skeleton out of Raiders of the Lost Ark. For some, though, it could have benefits - I get a bit fed up with people telling me I need to put weight on when political-correctness enforces me to remain silent over their excess body mass.
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We got 1.10 at our local Tui shop a week ago.
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TUI are giving good rates at the moment. Worth a look!
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We're about to buy some dosh to take with us, and it's pretty depressing, really, compared to what it used to be. TravelFX is 1.1014 and the Interbank rate 1.1134
There's not much chance of this changing significantly over the next few months. Those with pensions or limited funds will probably have to cut out a cocktail or two or tighten their belts. I can't tighten mine much without looking like a skeleton out of Raiders of the Lost Ark. For some, though, it could have benefits - I get a bit fed up with people telling me I need to put weight on when political-correctness enforces me to remain silent over their excess body mass.
Jimbo at our age we should just tell them as it is. Get their own house in order before having a go at others.
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I agree. But these days it's seemingly okay for people to tell others they're too thin, whilst almost a hanging offence to tell people they're too fat!
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Today in resort the rate is 1.10, I would imagine similar at home? :)
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TravelFX is currently 1.0992, so - yes - that's not bad!
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TravelFX is currently 1.0992, so - yes - that's not bad!
There's not much in it Jim. I don't know if they were here last year, but notice 2 ATMs up near Little Prince.
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There was one by El Greco but I think the one further up is new.
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There was one by El Greco but I think the one further up is new.
That's what I thought, Maggie :)
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In case you hadn't noticed, the pound hit a 28 month low today. TravelFX's cash rate is 1.0844.
No comment.
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Glad we had 800 left .
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In case you hadn't noticed, the pound hit a 28 month low today. TravelFX's cash rate is 1.0844.
No comment.
or in trade terms £6.64 for a WooWoo in the Little Prince 8)
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or in trade terms £6.64 for a WooWoo in the Little Prince 8)
Haha ;D never had the pleasure of one of those...anywhere :)
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Haha ;D never had the pleasure of one of those...anywhere :)
Treat yourself next time-start saving now ;D ;D
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Treat yourself next time-start saving now ;D ;D
I will! ;D
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Holidays are for trying something new
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Good morning all. How is the rate in resort right now?
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Today is a momentous day in parliament. The currency markets hate uncertainty, and that is entirely the situation!
Interbank rate at 12:45 BST is 1.1. TravelFX rate is 1.08 for cash. Tesco (on line purchase) 1.076.
Probably, most people will have been and gone by now, but those who haven't have to gamble on a rate increase. This seems pretty unlikely, although it may improve if parliament succeeds in blocking a no-deal Brexit. But that may trigger an election, in which case the pound may go lower still.
By mid-October it becomes fairly academic in terms of holiday money for trips to Agios Stefanos, since the season will be over. For next year there will probably be some kind of deal made,and the pound will probably rise.
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I got 1.09 at John Lewis on line free delivery no comm.
Of course next May’s trip is certainly going to be different.
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We got just under €1.09 at the post office. Just glad to still have our hols to come no matter what the rate at the moment. In need of sunshine..
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Same here Jules.
Just printed our boarding passes.
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Printed ours the other day. Just need to do a bit of ironing
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Not long for you now.
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Boarding passes printed, currency obtained (1.09 Sainsburys one mile from home, collection), less than 24 hours till blast off. Never have we been so keen to escape the UK. :)
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Safe journey and no delays-sorry we will just miss you though.
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Can we please keep this on the topic of the currency rate.
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It is only a slight thread drift which happens naturally at times among friends
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Did I miss that Jimbo had something to do with the Herr Flick character as well? ;D
Pound is highest it's been for a month... :)
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over 1.13
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Tottenham lost 7-2.
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Judging by the swing in the pound today the markets think something is in the air! Much better bet than the news, they thing a B’deal is much more likely…. Might be worth putting some Euro on my card soon.
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We got 1.11 when we came in September.
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I would not like to bet on what will happen to the rate following next week’s result. But the rate (used by some here) at John Lewis today is 1.1518. If someone said to me I know where you can get over 3% interest (nearer 4) I would think it a good return at the moment. Compared to maggiesaes rate of 1.11 today’s rate that’s what it is… So the question is, do I go for it now, half my bet or wait until the outcome of next week?
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Yes I keep thinking about buying some now :)
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I would not like to bet on what will happen to the rate following next week’s result. But the rate (used by some here) at John Lewis today is 1.1518. If someone said to me I know where you can get over 3% interest (nearer 4) I would think it a good return at the moment. Compared to maggiesaes rate of 1.11 today’s rate that’s what it is… So the question is, do I go for it now, half my bet or wait until the outcome of next week?
1.11 was a while ago,we got 1.155 last week in Travel Shop who always offer a slightly better rate between 12 and 2 Wednesdays for any amount.
We used JL last September and they are normally one of the best.
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1.1627 at TravelFx right now.
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This morning showing 1.19 on spot rate.....
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No doubt such is out there, but if not it should be. That being a simple guide of the top 5 currency establishments. Looking at swedebasher TravelFX (TfX)post I thought okay I’ve not looked at these for a while (last time we used an FX company MoneyCorp were best for us), so I had a look at TfX. The “little print” is this:-
- The minimum amount per currency is £100
- There is a £5 handing fee on all orders that total under £700.
- A £2 fee is applied to each additional currency order under £300
- Minimum order value is £300
For those only interested in GBP to Euro, then it reads “to get your Euro at no extra cost, then the minimum order is £700”.
Don’t get me wrong TfX rate is a lot better than JL, so well worth a look if you want at least £700 worth of Euro in cash – thanks swedebasher .
But wouldn’t it be nice to have it simple - what you would get for say £700:-
TfX = 818.58
JL = 815.85
AnOther = 808.16
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I've used TravelFX for years because it has always been the best rate to take dosh away. But if we need a smaller top-up I usually use Tesco on click-and-collect. It's five minutes on a free bus to town and Tesco is next to the bus station!
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Yesterday Debenhams was 1.174
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Too close to the blue or red day for me now to be buying :)
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The city of London obviously like the prospect of a Tory government......exchange rate touching 1.19 as of now.
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That's right. Bookies are apparently calculating an 80% chance of a Tory majority. The financial markets reckon that, although Brexit will result in lower growth, the uncertainties of a hung parliament might be worse. No comment!
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I think the currency markets have to be looked at separately to the rest of finance as they are a law unto themselves and often differ in outlook. I suspect this market will go up whoever wins! For some reason without doubt more so with a blues win. However I don’t think any increase will last long before they sink back to their normal uncertainty and likely downward trend. All making it very difficult for us.
Now the bookies always seem to get it right!!
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Your probably correct. Boris's "deal" isn't a deal - it's just what the status quo will be until a trade deal is negotiated, and all the other things that need agreeing, such as flight rules, health and so on. All that's another uncertainty.
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15 mins after the exit poll - pound 1.20+
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Great news isn't it. Hopefully it will stablise in the mid 1.20s over the next couple of months before creeping up before the summer. It was around 1.25 in 2016 when the referendum was held.
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Yes it is good news and I think it will take a little while to stabilise as you say TB.
Certainly much better than last May.
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I think it's too early to predict rates in the summer. The pound dropped back a bit after a quick surge, and a long period of trade talks lies ahead before anything is clear.
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Least there is a way forward now, like it or not
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I think it's too early to predict rates in the summer. The pound dropped back a bit after a quick surge, and a long period of trade talks lies ahead before anything is clear.
I totally agree, need to buy while on the rise, but bit by bit.
I very much doubt it is a way forward, and IMHO very much potentially the opposite and a backward step for us all regards peace and the entity of the UK. Any other predictions anyone?
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We have been having a watching brief for a few months and have bought in at the burst rate but we have been buying as the rate has had odd peaks through the weeks.
GD is going skiing in February so she will need some.
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The pound has fallen back again. IMX reports that this is because of market uncertainty over Brexit, and Boris' inclusion of clause in the withdrawal bill that may well mean a "no deal" Brexit. As the European member states have to ratify any extension by July 1st and meaningful trade discussions cannot start until April, together with the fact that most free trade agreements take five to seven years to negotiate, there's a very high chance that the pound will sink further.
Meanwhile, have a lovely Christmas and forget about that's going to happen in the New Year!
Love to all - Jim
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It's a good move by Boris as it will concentrate the minds of everyone. I predict 1.25 by the summer though I'm a glass half full type.
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I am of the optimism family too TB.
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Defo broken glass for me in the current circumstances.... ):
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Defo broken glass for me in the current circumstances.... ):
Sorry to hear that Geordieborn.
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I share geordieborn's sadness. On 31st January I'm going to lose my EHIC card and many other benefits. I'm going to have to keep on apologising to my French, Dutch, Italian, Polish, German, Austrian friends and clients. The pound has dropped again because a no-deal Brexit seems highly probable. I work with lots of universities, and research funds are drying up. So, frankly, I see nothing to be cheerful about!
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I will sit and see what happens and am determined to make the most and best of whatever situation we face.
I have overcome more than enough serious obstacles in my life to now let anything over which I have no control to bring me down.
Blwyddn Nwydd Dda pawb.
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Remainers have been unhappy ever since the original vote though they were confident that the establishment would save them. Even though they lost the referendum and the last election they will always be unhappy. Leavers are full of optimism and are looking forward to the future. This country is capable of great things.
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Yes I agree and can see now, England can't fail with people like you TB....
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Onwards and upwards folks.
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wow 1.20 on spot today I only got on conversation at ATM here 1.10 declined this conversation as I always do - so maybe will get better when it hits my bank then does seems like a time to buy????
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Yes a good deal at present,we took adavsntage.
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The pound/euro rate is getting close to parity. Current Interbank rate is 1.096. TravelFX cash rate is 1.087
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It could get worse Jimbo until such time as we're allowed to travel again then it should pick up. In the meantime the travel industry throughout europe could be devastated. I'm an optimist by nature but I struggle to see how things will ever be the same. As of today how many of us still think our holiday will go ahead this summer.
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I doubt mine will-it is early May
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The EU is about to impose non-essential travel bans inside the Schengen area.
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It could get worse Jimbo until such time as we're allowed to travel again then it should pick up. In the meantime the travel industry throughout europe could be devastated. I'm an optimist by nature but I struggle to see how things will ever be the same. As of today how many of us still think our holiday will go ahead this summer.
Looks like ours won't, health reasons and they will soon be locking away the over 70's, so that's my husband!
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It's very worrying we due to travel 10th may. Both over 70. Really expect we won't get. So disappointed. Not just for us but businesses in San Stefano's and everybody else who were looking forward to there holidays.
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It's very worrying we due to travel 10th may. Both over 70. Really expect we won't get. So disappointed. Not just for us but businesses in San Stefano's and everybody else who were looking forward to there holidays.
Also over 70's being advised to self isolate for 12 weeks, supposing you get to the airport and they refuse to let you fly?
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On the whole, the Euro rate seems fairly trivial now, doesn't it?
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On the whole, the Euro rate seems fairly trivial now, doesn't it?
It certainly does Jim :) I see on another forum all the restrictions Greece is putting in place, they don't seem to be including the islands in this.
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So far they haven’t have they and the ban at present I think is 30 days.
Of course it can all change.
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I'm on here looking for some light relief. But there doesn't seem to be any.
My dad passed away last Friday (nothing to do with the virus) and because of the current restrictions we're unable to give him the funeral he wanted. We've been told that the number of mourners who can attend a service is limited to immediate family only. Because of the advice not to go to pubs or other similar places we can't have the wake he planned for either. I think that celebrating his life will have to wait until well into the summer if then. Its all very sad.
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Aah TB, I am so sorry to hear your sad news and we're all twittering about our holidays... They should be making exceptions for times like this, if people are happy to attend, obviously knowing the risks, then they should be allowed to. So sad.
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Aah TB, I am so sorry to hear your sad news and we're all twittering about our holidays... They should be making exceptions for times like this, if people are happy to attend, obviously knowing the risks, then they should be allowed to. So sad.
Thank you Karen and I agree with your sentiments. My mum passed last Dec and there were over 200 people at the service. It will seem strange that we may only have around 20 for my dads. But hey, it is what it is, and hopefully we'll be able to organise a big gathering later in the year.
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Very sorry to hear that TB, perhaps on the anniversary of the sad occasion you can celebrate his life the way he wanted.
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Please accept my condolences. These are sad times in so many respects.
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Thank you Karen and I agree with your sentiments. My mum passed last Dec and there were over 200 people at the service. It will seem strange that we may only have around 20 for my dads. But hey, it is what it is, and hopefully we'll be able to organise a big gathering later in the year.
Gosh, you've not had a very good time, what with your Mum passing in December. Well those that can't attend will be there in their hearts and yes, you can have your celebration later on, when you can all get together and share fond memories of your dear Dad.
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Sincere condolences on your sad loss TB. Our thoughts are with you and your family. Barbara & Paul.
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I'm on here looking for some light relief. But there doesn't seem to be any.
My dad passed away last Friday (nothing to do with the virus) and because of the current restrictions we're unable to give him the funeral he wanted. We've been told that the number of mourners who can attend a service is limited to immediate family only. Because of the advice not to go to pubs or other similar places we can't have the wake he planned for either. I think that celebrating his life will have to wait until well into the summer if then. Its all very sad.
Ah TB I am so sorry,but as you say it is what it is and you will have the chance to celebrate his life properly.He would I am sure not wish anyone to be put at risk.
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Thank you all for the kind words.
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Sorry to be daft but can anyone explain why this week the Pound to Euro rate is creeping back up again it did drop last week to around on Spot 1.07 but today it is showing 1.11 ? Just interested that's all.......
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It seems to go up if the stocks go down. The US stimulus sent money up recently.
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Swedebasher's US stimulus of $2 trillion has a lot to do with it, along with the amounts of money (small in quantity, but high in proportion) the UK throwing at Covid-19. Expect more fluctuation.
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That's right. It'll be interesting to see how the out-of-control situation in the USA impacts on sterling and the euro!
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Oil currently 23$ a barrel yet our local supermarket is still showing unleaded at 1.12 per litre. Someone's making some money.
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I paid £1.01 Yesterday-very pleased though we can’t actually drive far.
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Dropped here just under 1.46 euros now.....
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Interbank rate is currently 1.1246
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Euro now 1.14 on spot.....
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Hi all,
I've been looking at the euro exchange rate on TravelFX our preferred provider and found that their offering only 1.0845 against the current exchange rate of 1.14291. Now I know that the rate of exchange for joe public is always less than the actual rate but thats a huge difference. Am I missing something here?
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Hi all,
I've been looking at the euro exchange rate on TravelFX our preferred provider and found that their offering only 1.0845 against the current exchange rate of 1.14291. Now I know that the rate of exchange for joe public is always less than the actual rate but thats a huge difference. Am I missing something here?
Probably that none of the big boys are actually doing any exchange.... They are likely not trying to compete.
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I think the point is that they have to buy currency ahead. The general trend is downward. Who's buying euros at the moment? Hardly anybody.
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They were back to their usual 1 eurocent below exchange rate when I looked and are still today.