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Euro exchange rate with sterling???

  • 28-04-2010 7:02pm
    #1
    Madcleaner
    Closed Accounts Posts: 2 ✭


    I have just sold my car and need to move the few thousand euro into my sterling account. I can't decide whether to move it today or wait and see if the rate gets any better. I have been waiting for a few weeks to try and second guess the markets. The ecb rate today is EUR 1 = GBP 0.87080. It was 0.90 on the 12th march.

    Do I run the risk of the euro falling against the sterling? The way Greece is going, do you think the euro will fall more?

    Can anybody help me?
    Tagged:


Comments

  • #2
    Kristopherus
    Registered Users, Registered Users 2 Posts: 11,907 ✭✭✭✭Kristopherus


    Just be mindful that you will never get the benefit of the ECB rate. The Bank will also have their cut.


  • #3
    SkepticOne
    Closed Accounts Posts: 6,718 ✭✭✭SkepticOne


    Personally I think the Euro is going to fall more against Sterling.


  • #4
    Madcleaner
    Closed Accounts Posts: 2 ✭Madcleaner


    Thanks Kristopherus. I watch the ECB rate as an indication of the bank rate. AIB were giving me 0.8531 today.

    They always take a good cut. It makes you sick to think of the difference.


  • #5
    AlanJ2009
    Closed Accounts Posts: 1 ✭AlanJ2009


    If you have a couple of thousand to exchange you could maybe look at doing it in one of those "side of the road" bureau de change's on the border. They offer a rate that is normally less than one cent below what the EUR/GBP rate is trading at currently. Just a thought


  • #6
    martin46585
    Closed Accounts Posts: 342 ✭✭martin46585


    with the fourth coming UK elections around the corner, and the result possibly ending in a hung parliment, this may weigh in your favour, there may be a dip in the valve of sterling, due to uncertainty in the markets....
    just a though..


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