Converting Euros to Sterling

BlackEdelweiss

I am not sure if this is the correct place for this thread, please feel free to move it if necessary.
I have to pay for a course in England by 1st January 2010, this is going to cost £1400. I have €1500 to pay it but this does not make up the necessary amount of sterling. Is it projected that sterling and the Euro will get close to each other this year at christmas like they did last year, I think at christmas it was down to about 2 cents difference. I have heard that they may even meet but I heard that last year aswell but it never happened. I know it is not an exact science but does anybody with knowledge in this area feel that they will get close to the 2 cents again this year as it will make a big difference to the amount of money I have to pay.
I would appreciate only well informed opinions on this please, I can get all the bad advice I need in the pub.
Thanks.

You can invest in stocks, but speculate in currencies.
Predicting the forex is nigh on impossible and don't forget that the transaction charges (and the massive spread) that you face when making the exchange will take even more out. So even if they currencies on the sport market are converging, you can be sure that what you pay in the bank will not be that close.

For the economics, I haven't been following the key macro indicators (Economiste Monetaire should know them) but I can't see any major swings in spot rates happening in the short run.

Time Magazine

BlackEdelweiss wrote: »

I am not sure if this is the correct place for this thread, please feel free to move it if necessary.

Moved over to Investments and Markets.

ED 209

It's not worth the effort. It's all relative. I would change it the day I pay for it.