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sould i change euros to sterling.

  • 18-12-2014 6:16pm
    #1
    nick89
    Registered Users, Registered Users 2 Posts: 2 ✭


    Will I change my euros to Sterling or hold off until the rate picks up again(if it does). I'm from the north but work in the south, my savings are all in euros but shall I cut my losses now as last year I would ive got near 85p whereas now its 78p ( so on 15k its quite a loss) . but I don't want it falling even further and loosing more.

    Advice would be much appreciated.


Comments

  • #2
    P_Cash
    Registered Users, Registered Users 2 Posts: 721 ✭✭✭P_Cash


    Looking at the below chart,

    If you see 75 do your swap,

    Otherwise I'd look out for a retest of the 88 area, which id be looking at exchanging at 85/86

    What's your timeline though?

    If u need the money in the coming months u may as well do it now


  • #3
    nick89
    Registered Users, Registered Users 2 Posts: 2 ✭nick89


    In the next 6 months I would like to change it, if though the value keeps falling I have nearly the same amount again but if the value would be more likely to raise again in the next few years I could hold off.

    From what I read online, it looks like 2015 will be quite bad for the euro?


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