Euro rate at moment.

Back on Euro track and it's another ice cream off the list for the children. Rate here yesterday for cash down to 1.127

The drop in the rate is now almost 7 cents in a month.

Albufeira Resident

www.algarvebus.info public transport information for the Algarve

Will probably rise again at the mention of the next euro crisis, which could be anytime

Got 1.155 for a transfer via FairFX yesterday

Andrew

Yep same here, got 1.14 today in Yorkshire.

Not started the week off well - official rate currently trading at just above 1.15 this morning.
I've seen an HSBC forecast that says it's going to settle at around 1.12 & stick at that level for the foreseeable future.
When we flew out on Saturday the airport was offering a miserable 1.04.

I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.

"When we flew out on Saturday the airport was offering a miserable 1.04."

Never change your cash at an airport. Any airport.

Albufeira Resident

www.algarvebus.info public transport information for the Algarve

I don`t see why you are expecting a `euro crisis` ... though you may see speculators push the pound up at some point, possibly leaving the dollar. When that happens, I will convert all my UK cash into euro !

The EU crisis was effectively solved by Central bank, IMF (Troika) propping up the borrowing requirements of the southern countries, who have all taken measures to reduce spending and borrowing. Everyone agrees this is very tough ... maybe too tough ... but it has put the euro on front foot. And as far as trade with Sterling area is concerned ... everything has become cheaper for the poorer EU countries... so that means less borrowing too.

As things improve further the ECB could in fact guarantee all borrowing at close to the German rate ... slashing the remaining southern debt overnight. For me, the pound will always have that hanging over it, as well as a poor reactionary government, falling exports, a continuing banking crisis and a major contributor financial sector that is under threat from the EU.

Pyrman

1.17 in lanzarote yesterday
(Don't tell me off for visiting somewhere else!

)

Author	Message Topic Search Topic Options Post Reply Create New Topic Printable Version Translate Topic
cubsur Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group Joined: 26/January/2006 Status: Offline Points: 26506	Post Options Post Reply Quote cubsur Report Post Thanks(0) Quote Reply Posted: 28/January/2013 at 08:41
	Back on Euro track and it's another ice cream off the list for the children. Rate here yesterday for cash down to 1.127 The drop in the rate is now almost 7 cents in a month.
	Albufeira Resident www.algarvebus.info public transport information for the Algarve

DICEYUK Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 05/April/2011 Location: Norfolk/Algarve Status: Offline Points: 3381	Post Options Post Reply Quote DICEYUK Report Post Thanks(0) Quote Reply Posted: 29/January/2013 at 11:35
	After another 2 days of decline it looks to have bottomed out at around 1.17 and it's showing a very small increase this morning (average online tourist rate at around 1.14) Looks like it's going to be a long haul back up to 1.20 & I doubt if we'll see the heady heights of 1.28 again for a very long time.
	I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.

vinnym Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 05/June/2012 Location: UK Status: Offline Points: 82	Post Options Post Reply Quote vinnym Report Post Thanks(0) Quote Reply Posted: 29/January/2013 at 16:48
	Will probably rise again at the mention of the next euro crisis, which could be anytime

Avril Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 27/February/2008 Status: Offline Points: 4415	Post Options Post Reply Quote Avril Report Post Thanks(0) Quote Reply Posted: 29/January/2013 at 17:37
	Just transferred some money via Hi fx and only got 1.13 :-(
	Consistently inconsistent, Esse sou eu!

Andrew Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259	Post Options Post Reply Quote Andrew Report Post Thanks(0) Quote Reply Posted: 29/January/2013 at 18:52
	Got 1.155 for a transfer via FairFX yesterday
	Andrew

DICEYUK Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 05/April/2011 Location: Norfolk/Algarve Status: Offline Points: 3381	Post Options Post Reply Quote DICEYUK Report Post Thanks(0) Quote Reply Posted: 30/January/2013 at 12:22
	Still going down - just transfered Â£5k & got 1.14
	I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.

S1gh Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Joined: 14/August/2011 Location: West Yorks UK Status: Offline Points: 474	Post Options Post Reply Quote S1gh Report Post Thanks(0) Quote Reply Posted: 31/January/2013 at 20:37
	Yep same here, got 1.14 today in Yorkshire.

cubsur Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group Joined: 26/January/2006 Status: Offline Points: 26506	Post Options Post Reply Quote cubsur Report Post Thanks(0) Quote Reply Posted: 01/February/2013 at 08:52
	1.116 here for cash yesterday.
	Albufeira Resident www.algarvebus.info public transport information for the Algarve

DICEYUK Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 05/April/2011 Location: Norfolk/Algarve Status: Offline Points: 3381	Post Options Post Reply Quote DICEYUK Report Post Thanks(0) Quote Reply Posted: 04/February/2013 at 06:28
	Not started the week off well - official rate currently trading at just above 1.15 this morning. I've seen an HSBC forecast that says it's going to settle at around 1.12 & stick at that level for the foreseeable future. When we flew out on Saturday the airport was offering a miserable 1.04.
	I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.

malagabob Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Joined: 28/December/2006 Location: S Wales Status: Offline Points: 687	Post Options Post Reply Quote malagabob Report Post Thanks(0) Quote Reply Posted: 04/February/2013 at 08:50
	Local post office its 1.11.
	Never put off something that you could do today

cubsur Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group Joined: 26/January/2006 Status: Offline Points: 26506	Post Options Post Reply Quote cubsur Report Post Thanks(0) Quote Reply Posted: 04/February/2013 at 11:17
	"When we flew out on Saturday the airport was offering a miserable 1.04." Never change your cash at an airport. Any airport.
	Albufeira Resident www.algarvebus.info public transport information for the Algarve

DICEYUK Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 05/April/2011 Location: Norfolk/Algarve Status: Offline Points: 3381	Post Options Post Reply Quote DICEYUK Report Post Thanks(0) Quote Reply Posted: 04/February/2013 at 16:08
	Wouldn't dream of it, only mentioned it for reference.
	I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.

pyrman Members Profile Send Private Message Find Members Posts Add to Buddy List Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1128	Post Options Post Reply Quote pyrman Report Post Thanks(0) Quote Reply Posted: 05/February/2013 at 12:01
	I don`t see why you are expecting a `euro crisis` ... though you may see speculators push the pound up at some point, possibly leaving the dollar. When that happens, I will convert all my UK cash into euro ! The EU crisis was effectively solved by Central bank, IMF (Troika) propping up the borrowing requirements of the southern countries, who have all taken measures to reduce spending and borrowing. Everyone agrees this is very tough ... maybe too tough ... but it has put the euro on front foot. And as far as trade with Sterling area is concerned ... everything has become cheaper for the poorer EU countries... so that means less borrowing too. As things improve further the ECB could in fact guarantee all borrowing at close to the German rate ... slashing the remaining southern debt overnight. For me, the pound will always have that hanging over it, as well as a poor reactionary government, falling exports, a continuing banking crisis and a major contributor financial sector that is under threat from the EU.
	Pyrman

cubsur Members Profile Send Private Message Find Members Posts Add to Buddy List Moderator Group Joined: 26/January/2006 Status: Offline Points: 26506	Post Options Post Reply Quote cubsur Report Post Thanks(0) Quote Reply Posted: 06/February/2013 at 07:37
	Seems to have bottomed out. 1.115 for cash in town yesterday.
	Albufeira Resident www.algarvebus.info public transport information for the Algarve

S1gh Members Profile Send Private Message Find Members Posts Add to Buddy List Senior Member Joined: 14/August/2011 Location: West Yorks UK Status: Offline Points: 474	Post Options Post Reply Quote S1gh Report Post Thanks(0) Quote Reply Posted: 06/February/2013 at 08:59
	1.17 in lanzarote yesterday (Don't tell me off for visiting somewhere else! )