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Devaluation of euro - should I buy my holiday currency

  • 29-06-2015 12:11pm
    #1
    snor
    Registered Users, Registered Users 2 Posts: 529 ✭✭✭


    Hi there. Not good on finances! Heading to Canada in a few weeks. Am I better off buying my Canadian dollars now rather than waiting to see what happens in Greece. Many thanks.


Comments

  • #2
    [Deleted User]
    Posts: 13,712 ✭✭✭✭ [Deleted User]


    snor wrote: »
    Hi there. Not good on finances! Heading to Canada in a few weeks. Am I better off buying my Canadian dollars now rather than waiting to see what happens in Greece. Many thanks.
    Yes. You were always better off buying it now, even before the Greek talks collapsed.


  • #3
    Menas
    Closed Accounts Posts: 12,318 ✭✭✭✭Menas


    AH answer is that you should have bought your dollars before they started quantative easing in Europe.

    I would guess buying now would be the risk averse thing to do.


  • #4
    bolopapa
    Registered Users, Registered Users 2 Posts: 55 ✭✭bolopapa


    Obviously buy now!! I believe we all know what ia coming.


  • #5
    kneemos
    Registered Users, Registered Users 2 Posts: 20,590 ✭✭✭✭kneemos


    Sell your Euros the the Greeks.


  • #6
    The Backwards Man
    Closed Accounts Posts: 18,299 ✭✭✭✭The Backwards Man


    bolopapa wrote: »
    Obviously buy now!! I believe we all know what ia coming.

    Canadian invasion?


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  • #7
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    I am going to Prague in a few weeks and am ordering my currency before Wednesday

    There is always the risk after this week that some compromise is made, the referendum is held and the Euro bounces back, but its not enough right now to risk it


  • #8
    donegaLroad
    Closed Accounts Posts: 2,379 ✭✭✭donegaLroad


    In case you hadn't thought of it OP, An Post offering a commission free deal on currency exchange from Euro to Sterling, US & Canadian dollars at the minute.


  • #9
    BailMeOut
    Registered Users, Registered Users 2 Posts: 3,036 ✭✭✭BailMeOut


    bolopapa wrote: »
    I believe we all know what ia coming.

    we do?

    The € is trading up this morning (up 1.6% on USD).

    Nobody's know's what is going to happen and if you did why not put every penny you have into shorting the € and make yourself a fortune?

    Op - nobody can answer this question for you.


  • #10
    geosynchronous orbit
    Closed Accounts Posts: 98 ✭✭geosynchronous orbit


    Say you are converting 1000 eur to go on holidays

    What difference does it make what exchange rate you are going to get??
    You are still converting 1000 eur.

    Today it could be 1374 CAD tomorrow if could be 1385, the day after if could be 1350

    you are basically talking about the difference in a tip.... just buy and forget... keep your receipt and if you have any notes left over; you get the same exchange rate if it is worse that when you bought it... simples


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