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transferring euro savings to sterling

  • 17-11-2011 11:55am
    #1
    harryoharra
    Registered Users, Registered Users 2 Posts: 18 ✭


    Hi,

    I am considering transferring my euros to a uk sterling a/c as I am worried about the euro either being devalued or continuing to depreciate against the dollar/sterling. I know I would be in for an initial hit on the fx rate. From reading different forums and anecdotally I see alot of irish people have done this already.

    Just wondering if anyone can advise of what are the pros and cons of doing this? will I lose out twice on the fx rate if the euro starts to recover ?

    thanks


Comments

  • #2
    harryoharra
    Registered Users, Registered Users 2 Posts: 18 ✭harryoharra


    would appreciate any advice here?
    thanks


  • #3
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    I have just answered this question.

    Please see my reply here.


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