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Author Topic: Pound worth less than a euro  (Read 1232 times)
Josie
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« Reply #15 on: December 20, 2011, 14:26:46 PM »

Thanks Flash.  Soon be time to buy some more euros.  I got €1.19 and a bit on Thursday.  Looks like €1.20 is a realistic proposition for the first time for ages.  Are you with Solbank?
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Flash
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« Reply #16 on: December 20, 2011, 14:39:12 PM »

No with Banco Popular (at the moment!), we fired some cash across this week too, even if it continues to rise I wasn't going to miss the best rates of the year.
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✈ Elle ☀
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« Reply #17 on: December 20, 2011, 14:40:01 PM »

Could've got 1.196 from our currency man today too. That's good for you guys... but not so good for Sam who's heading to Blighty next week.
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phillloyd
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« Reply #18 on: December 20, 2011, 14:53:00 PM »

The rate quoted on the link is the business rate not the tourist rate which is still 1.16 euro to one pound sterling
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Flash
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« Reply #19 on: December 20, 2011, 15:09:55 PM »

Yes Phil that's the difference between the two rates, if you're exchanging your holiday cash you're going to get nearer the lower at a British bank.  Bothe ways it's an improvement though.
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Josie
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« Reply #20 on: December 20, 2011, 17:29:00 PM »

This is the site I've been following - it automatically refreshes.  If you tap on the sterling/euro rate in the chart it will show you what's happened over the past few hours.

http://www.xe.com/ucc/?r=2#rates
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John B
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« Reply #21 on: December 20, 2011, 17:55:20 PM »

So, Elle are you  saying that today you could give the nice man £1000 and get €1196 back net?  No commission?

 
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« Reply #22 on: December 20, 2011, 18:02:59 PM »

Yup - we don't pay commission. I think it depends how much you're transferring over though, as to whether they charge a fee. We don't pay a fee as we are regular users plus have pushed plenty of business their way too. xx
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« Reply #23 on: December 21, 2011, 14:02:12 PM »

Over 1.2 now according to the Beeb
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Flash
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« Reply #24 on: December 21, 2011, 14:43:42 PM »

and the FT.  Hopefully 1.3 by the new year!!
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Josie
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« Reply #25 on: December 21, 2011, 14:59:23 PM »

Mr J and I went to Nat West today and they would only give us a measly €1.16 for a converted transfer so we didnt do it though on the phone they will do the commercial rate - weird!  So we transferred some of the funds we bought last week to PB but have decided on a new strategy of keeping a good number of euros in a euro account in the UK for the time being in case Spain falls out of the euro so we'll have the option of reducing our mortgage in euros if that's the currency the mortgage stays in or pesetas if both cash and debt are converted.
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Karen13
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« Reply #26 on: December 21, 2011, 15:07:21 PM »

sounds like a good plan Josie x
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