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Good time to convert another currency to Euro?

  • 22-07-2011 8:22am
    #1
    nophd08
    Registered Users, Registered Users 2 Posts: 473 ✭✭


    Hi all, Is now a good time to exchange some sterling to euro, I have 2.5K stg to change, According to todays rate its worth 2845 euro.


Comments

  • #2
    INEEDANID
    Closed Accounts Posts: 381 ✭✭INEEDANID


    No wait for the Sterling to grow stronger it was better earlier in the week.


  • #3
    nophd08
    Registered Users, Registered Users 2 Posts: 473 ✭✭nophd08


    INEEDANID wrote: »
    No wait for the Sterling to grow stronger it was better earlier in the week.

    I know it changes every day, is it likely to get stronger.


  • #4
    Teg Veece
    Registered Users, Registered Users 2 Posts: 550 ✭✭✭Teg Veece


    I've a similar question actually and didn't want to spam the forum by starting a another thread. Mods, if you feel that I'm hijacking this thread then feel free to move my post to a new thread.

    I have euro (about 5k) but I'm living in Australia. Is now a good time to sell my euro for Australian dollars? I know the best time was about 3 years ago when it was almost 2 dollars to every euro as opposed to the 1.3 that it is now but I can't do much about that. Will the Aussie dollar continue to grow against the euro?


  • #5
    INEEDANID
    Closed Accounts Posts: 381 ✭✭INEEDANID


    Yesterday the Eurozone kind of sorted out some of the problems by giving lower interest rates to countries like Ireland. This led to people being more confident that the Euro would not collapse and it grew stronger because of this.

    Its a guess what will happen in the future.


  • #6
    craoltoir
    Registered Users, Registered Users 2 Posts: 781 ✭✭✭craoltoir


    At the weekend the hotel in Giant's Causeway had a notice giving an exchange rate of 75p to the Euro. The official rate was slightly over 87p. I do not think this would encourage tourism!


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  • #7
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    craoltoir wrote: »
    At the weekend the hotel in Giant's Causeway had a notice giving an exchange rate of 75p to the Euro. The official rate was slightly over 87p. I do not think this would encourage tourism!

    that hotel must be owned by hsbc bank


  • #8
    bacon?
    Registered Users, Registered Users 2 Posts: 784 ✭✭✭bacon?


    irishh_bob wrote: »
    that hotel must be owned by hsbc bank

    ha ha.

    75p! clowns.


  • #9
    FISMA
    Closed Accounts Posts: 2,616 ✭✭✭FISMA


    nophd08 wrote: »
    Hi all, Is now a good time to exchange some sterling to euro, I have 2.5K stg to change, According to todays rate its worth 2845 euro.

    nophd08,
    No. Now is not a good time to anything with currency.

    To be honest, I think I would prefer to hold Stirling than Euros.

    The Brits have much less overhead and time on their side.

    This one's a gamble. Do you like to play with fire?


  • #10
    mikerockfield
    Registered Users, Registered Users 2 Posts: 24 ✭mikerockfield


    nophd08 wrote: »
    Hi all, Is now a good time to exchange some sterling to euro, I have 2.5K stg to change, According to todays rate its worth 2845 euro.

    Different people have different reasons, but most people I know are looking to change euro to sterling, my father did just that recently, he was not looking for growth as much as he is looking for a safe place for his money!!


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