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Euro rate at moment.

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AJSUGGY View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote AJSUGGY Quote  Post ReplyReply Direct Link To This Post Posted: 05/January/2022 at 14:54
Hit 1.1997 @ 0200hrs this morning
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 30/December/2021 at 14:26
Official London rate is 1.1925 now ... yes, do it online, Ramsdens at 1,168 .. others better.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 29/December/2021 at 17:07
For anyone still daft enough to want to change cash here, the rate today in town was £1 = €1.095.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 16/December/2021 at 16:20
no ... holding at 1.1775
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 03/December/2021 at 17:28
Just up-dating ... pound is at 1.17 and probably going down a bit ..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bunnyrunner Quote  Post ReplyReply Direct Link To This Post Posted: 28/October/2021 at 09:36
Yes the rate is determined by the card provider not the ATM machine. You need to have a card that charges no cash advance fees and no sterling transaction fee. You shouldn't get charged a fee using a MultiBanco machine but you will get charged 3.99 if you use a Euronet ATM regardless of how much or how little you take out.

I took out 200€ on Monday at the MB at Intermarche next to the Arte bar, I have been charged £169.43 which is a rate of 1.1804, this was using a Halifax Clarity card.

According to Currencies Direct the exchange rate on that day was 1.1869 so I got only just over half a cent below the daily rate and in my experience that is quite usual for it to be just half a cent or so less.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 27/October/2021 at 22:20
Thinking of re-appraising our atm advice this week ... pound at 1.19 and after declining conversion I got 1.06 from the multibanco in Pingo Doce Worms ... the Cambio on 5 October was giving 1.10 ...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cameroncleggout Quote  Post ReplyReply Direct Link To This Post Posted: 20/October/2021 at 10:41
News outlets predicting UK interest rate rise next month. So if possible, hang on a short while before purchasing you`re euros.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Algarveaddick Quote  Post ReplyReply Direct Link To This Post Posted: 20/October/2021 at 07:36
1.10 in town yesterday. HSBC rate 1.13 so buy in the UK folks...  
Go away Duchatalet
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2021 at 21:08
Back over the hump and hanging in there at 1.1825 ..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 11/October/2021 at 22:03
Pound hit 1.18 again for a few minutes .. 1.1766 close
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bunnyrunner Quote  Post ReplyReply Direct Link To This Post Posted: 13/September/2021 at 10:41
Originally posted by pyrman pyrman wrote:

So, I bought a wad .. pound 1.17 now .. manage to get 1.15 ... you will lose maybe 6 euros per 100 using Albufeira exchange shops .. the multibanco will not be much less than 1.14 ... decline any conversion there.

Well done pyrman and good advice about not accepting the conversion. 

The rate on the Multibanco machine is determined by the card though not the machine. Cheapest way to get Euros when in PT is to use a credit card that has no Foreign Transaction fee and uses the Visa/Mastercard closing daily Euro exchange rate. This rate gives an almost identical rate to the quoted rates that you see in papers etc, usually only half a euro cent lower. Best examples of these cards are Halifax Clarity and Barclaycard Rewards, the latter also gives 0.25% cashback on Euro purchases. Then pay off the credit card amount a day later when you know the amount. This assumes you have online banking and card apps on your phone, tablet or laptop.

As pyrman says never accept the conversion rate which will often cost you 10% and never use the ATM Euronet cash machines (blue) as they charge a fixed fee of 3.99 no matter how much you withdraw. So only use the Multibanco ATM machines which are usually yellow/orange and charge no additional fees other than your card provider's.


**I am not a qualified Financial advisor, this post does not constitute Financial advice. You need to accept personal responsibility for all your own decisions.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote AJSUGGY Quote  Post ReplyReply Direct Link To This Post Posted: 10/September/2021 at 19:16
Strange when on the day they report that economic growth in the uk has gone down in July the £ rises against the Euro you would have thought it would be the other way round.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 10/September/2021 at 17:09
So, I bought a wad .. pound 1.17 now .. manage to get 1.15 ... you will lose maybe 6 euros per 100 using Albufeira exchange shops .. the multibanco will not be much less than 1.14 ... decline any conversion there.
Pyrman
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pyrman Quote  Post ReplyReply Direct Link To This Post Posted: 15/August/2021 at 12:27
Yes .. 1.18 ... happy days. Time to buy a wad, I think ..
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