Euro rate at moment. |
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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A casual look at Euronet machines says that a lot of them are currently out of service. Certainly the one in my street is.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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Andrew
Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259 |
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Oh dear, this isn’t good news from FairFX if you use their currency card, thankfully I haven’t topped ours up ready for our upcoming trip.
Cut and paste from email they sent me this afternoon... We have been advised by the Financial Conduct Authority (FCA) that they have temporarily suspended the regulated activities of one of our card issuers – Wirecard Card Solutions Ltd, the UK subsidiary of Wirecard AG. This means that you cannot currently use your FairFX card. As per FCA guidelines, all issuers, including Wirecard, are required to hold customers’ funds in a safeguarded account, which means that they are protected in situations like this. You can find out more information from the FCA here. We appreciate that this may be disruptive to you. Please be assured that our team is working tirelessly with the FCA, Wirecard and Mastercard to get you back up and running as soon as possible. Until the FCA unfreeze these funds to make them accessible to customers, FairFX cardholders will not be able to use their cards. We apologise for the disruption caused by Wirecard’s situation and will inform you as soon as you are able to use your card again. |
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Andrew
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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Technical rate now 1.10 .... Ramsdens are giving 1.087 ... if any cambio is open in Algarve, you will be lucky to get 1.00 .. as you will at any airport.
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Pyrman
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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Most of the change shops are closed. After all, few people who are able to come here need to change money! No-one should bring £ here and change for €. You would better off using your cards in Multibanco ATM´s. Anyway, in the one that was open they were offering €1.03 for £1. For the benefit of other nationalities, other rates were :- USD 0.85; Canadian 0.6; Swiss 0.871; Denmark 0.122; Norway and Sweden 0.085 and Australia 0.556
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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: 1124 |
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Roughly the same mid July ... 1.1064 today .. will possibly go down when people start buying more euros ..
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Pyrman
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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I will check for the latest cash rate when in town later. Does anyone still change cash here?
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Albufeira Resident
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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Today's rates for cash, very little change. £ 1.03 USD 0.833 CAD 0.585 CHF 0.866 DKK 0.122 NOK 0.086 SEK 0.088 AUD 0.556
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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Now down to €1.02 for £1 for anyone silly enough to bring £ here to change. Probably the only way the cambios can afford to stay open with 90% of those coming here not needing to change money and most who do are using cards.
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Albufeira Resident
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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It is a long time since we have had any reason to comment about the £ _ € rate but as I am sitting opposite acambio it is 1.025 € to the £
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Albufeira Resident
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Gazza
Regular Joined: 11/July/2018 Location: Newcastle Status: Offline Points: 164 |
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If only we could turn the clock back! In 1992, my first visit we were getting $242 escudos to the £. In 1999 it was $306 to the £. Then in 2002 it was €1.52 to £. Ah well happy days.
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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Actual rate has been around 1.10 for some time now ... but `deal or no deal` sure to have an effect soon ..
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Pyrman
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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Tourists or no tourists will probably have more of an effect across the Eurozone. The cost of changing small amounts of £ cash will drive the rate down locally. For UK based suppliers of € the cost of obtaining them could increase. The simple fact that cash is now a big no-no in many situations won't help either.
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Albufeira Resident
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Jock
Top Contributors Joined: 07/November/2011 Location: Auld Reekie Status: Offline Points: 1331 |
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Over the last couple of months I've found the convenience of paying even small amounts by contactless as bars & shops want as little physical contact with customers as possible. When I'm in Albufeira, though, I'm not buying big ticket items but meals, drinks and taxis. Could I use a card for these payments over there? The thing I like about cash is when it's spent it's spent. When my pocket is empty I know it must be time to go home.
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It is no coincidence that in no known language does the phrase 'As pretty as an Airport' appear. Douglas Adams
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Algarveaddick
Top Contributors Joined: 27/December/2008 Location: Portugal Status: Online Points: 5048 |
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Still many places where cash is king mate. Very few places prefer card payment.
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Go away Duchatalet
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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Taxis don't take cards, neither do most small bars and similar. Cash will never be refused anywhere. Yesterday in Continente I was behind an Irish couple at the checkout who paid a bill of over €100 in cash.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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