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Euro rate at moment. |
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AJSUGGY ![]() Regular ![]() ![]() Joined: 11/April/2020 Status: Offline Points: 242 |
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Todays Official Rate at the moment 1.1822 Bank gave me 1.159 best rate for some time It also might go higher
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pyrman ![]() Top Contributors ![]() ![]() Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1135 |
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You are probably right ... pound dips every summer against the euro because of `other` as yet unidentified factors .. not millions of people selling billions of £`s .. which the biggest trader by far of the worlds biggest issued currency (Deutsche Bank) must surely react to, or lose money ?
Just the same, it may not happen this year with much smaller volume.
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Pyrman
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Richardk ![]() Senior Member ![]() Joined: 29/July/2008 Status: Offline Points: 762 |
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Currencies fluctuate every second of every day markets are open. Its been higher , its been lower but the fact is tourism currency dealing is a very small part of the global currency dealings hence will only have a minimal effect. The currency market follows all factors not just Mr & Mrs Browns purchase for their Benidorm holiday
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pyrman ![]() Top Contributors ![]() ![]() Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1135 |
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Well, Richard ... it was above 1.17 a few days ago ... now it is 1.1592 .. just as Boris opens the gates ... it will be interesting onwards ... 1 % on to your imports bill .. to start ?
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Pyrman
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cubsur ![]() Moderator Group ![]() ![]() Joined: 26/January/2006 Status: Offline Points: 27294 |
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Has been around €1.08 for cash here, which is a wider disparity with the 'bank' rate than has been the case in past years.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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Richardk ![]() Senior Member ![]() Joined: 29/July/2008 Status: Offline Points: 762 |
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I don't think the tourist demand will impact the exchange rate, too many bigger external factors going on. I got 1.155 last week on a transfer from Banco Bpi
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pyrman ![]() Top Contributors ![]() ![]() Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1135 |
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1.166 over this weekend and should begin to slide a bit with more travelling from Monday 19th. Ramsdens on the high street at 1.144 ...
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Pyrman
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AJSUGGY ![]() Regular ![]() ![]() Joined: 11/April/2020 Status: Offline Points: 242 |
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Official rate at the moment on BBC Business is 1.1747. Don't know how long it will last, till the money boys decide to sell.
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pyrman ![]() Top Contributors ![]() ![]() Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1135 |
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As I write this the official rate is back where it was on June 23 ... 1.1692 ... wouldnt bank on it holding up once a lot of people buy euros ..
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Pyrman
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Gazza ![]() Regular ![]() ![]() Joined: 11/July/2018 Location: Newcastle Status: Offline Points: 164 |
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£1 for €1 in the near future?
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fred hood ![]() Newbie ![]() ![]() Joined: 05/April/2016 Location: stockport Status: Offline Points: 36 |
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cubsur ![]() Moderator Group ![]() ![]() Joined: 26/January/2006 Status: Offline Points: 27294 |
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Yesterday in town for cash €1.085 to the £.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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pyrman ![]() Top Contributors ![]() ![]() Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1135 |
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Probably closing today at 1.1692
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Pyrman
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pyrman ![]() Top Contributors ![]() ![]() Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1135 |
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Officially 1.167 over the weekend ... only 28 flights from UK to Faro among a total of 66 on Saturday 19th ... so no huge buying of euros ..
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Pyrman
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cubsur ![]() Moderator Group ![]() ![]() Joined: 26/January/2006 Status: Offline Points: 27294 |
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Costs are increasing with all the 'precautions' that must be in place and paid for, sales are falling. Some small supermarkets here in Albufeira (including two of the SPAR shops) have closed down through lack of business.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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