The euro to the pound?

9392 Views 42 Replies 27 Participants Last post by thegreatpan, Aug 28, 2009

ytank

Discussion Starter · May 10, 2009

dose any one no or think the euro is going to move any higher. the best price i have had up to now. is 1.10 to the pound

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Pusser

· #2 · May 10, 2009

Both the pound and euro are gaining on the dollar and I don't really understand why the dollar is going down. Well, I do know why it is going down but as we are in a worse position than the Yanks I cannpt understand why we are not going down to. The Euro is expected to hit 1.40 against the dollar but I am not sure whether this will make any diff to euro - pound rate.

Bottom line is I am confused too.

ytank

Discussion Starter · #3 · May 10, 2009

do you when is doing to be soon i am not panicing at the min i have till august be for we go i was told if it got up to 1.10 get some but i think ill what now more info will be nice on this mater.

thanks
tank 8O

thegreatpan

· #4 · May 10, 2009

I got 1.14 last week at Crown Currency exchange, forward ordered for early July. Better than the forward order rate for October, I'm confused, but as this is nearly the same rate as last October (2008), I have ordered half of the holiday cash in case sterling goes down. :?

Fairportgoer

· #5 · May 10, 2009

Hi,

IMHO it is irrelevant what exchange rate you get! We are over here now and it is chuffing expensive :lol: :evil:

7 euros for two coffees (including a 15% service charge...) so we've decided to go vegetarian for the next ten weeks! :?

Somehow, we always manage to find euros for bread, cheese and wine :wink:

On a serious note, we only got a rate of 1.06 but diesel can be found cheaper over here... 96 cents a litre.

Good luck when you do travel and enjoy.

Dean

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ytank

Discussion Starter · #6 · May 10, 2009

i seen a post there getting diesel for 0.92 ltr

we are going to take our bread mix with us this time as the euro is out of the window now and the cost of thing over there are double

pippin

· #7 · May 10, 2009

Last time I checked - coffee is veggie!!

7 euros for two coffees so we've decided to go vegetarian for the next ten weeks

ytank

Discussion Starter · #8 · May 10, 2009

ye the only thing is how much are veggie burgers out there :lol: :roll:

androidGB

· #9 · May 10, 2009

thegreatpan said:
I got 1.14 last week at Crown Currency exchange, forward ordered for early July. Better than the forward order rate for October, I'm confused, but as this is nearly the same rate as last October (2008), I have ordered half of the holiday cash in case sterling goes down. :?

Yes, the only thing I don't like about Crown is that they have your money for some time.

I emailed asking them for details on how clients money was protected, and received no reply.

I don't think you are protected in an way if something happened to Crown, and maybe it's not worth taking the risk for another 2.5 - 3%

Andrew

lifestyle

· #10 · May 26, 2009

Today at our Post office , 600 euros for £550 ,is this a good deal ?

Vennwood

· #11 · May 26, 2009

Full Circle Asset Management have been forcasting the £ v Euro rate to go up to around £1.20/25 by mid year and then stabilising at that for a while. They said this first when the rate was one for one back in Dec/Jan and in their latest newsletter they still stick by that view. So who knows what will happen and like many of you on here we are watching the rate daily with a view of pouncing when we think its got as high as it will go.

But its not just the exchange rate is it - the cost of food/restaurants/wine etc. have risen, particularly in France, as well - with only the fuel cost that is below UK

Ah well I guess its time to get out the spare freezer and stock up before we set off.....

StAubyns

· #12 · May 27, 2009

We were in Belgium last week and the prices were eye watering.

We did not go in the van but stayed in an hotel in Ypres so had no choice but to eat out.

Without being extravagant we were spending above €100 per day on food for the 2 of us.

I think that is expensive, but the quality of the food and the quantity was very good.

As for the exchange rate, we took €200 with us at a rate of 1.05 but got !.13 on the Nationwide debit card at Auchan in France

zulurita

· #13 · May 27, 2009

Ouch!

Looks like I had better load up the MH before setting off! Will do a big shop today. Sounds as though we will have to forego some meals out this time judging by the posts on here.

spindrifter

· #14 · May 27, 2009

Hang fire, if you can, until around August/September 2009 - the £ v Euro rate will be around £1.20/30 by then.

Keep an eye on the tourist exchange rates - it will gradually creep up against the euro.

When in the EU use credit card for purchases and debit card for cash from "Hole in the Wall" cash dispensers. That way you get good deals.

Cheers

David

Genie123

· #15 · May 27, 2009

I agree with Spindrifter, the longer you can wait the more likely the position will be stronger! The Pound/Euro exchange rate has been abysmal recently but it has got marginally stronger from where it was.

If you are worried that the rate is going to slip further, you could always 'hedge' your bets and buy small amounts every couple of weeks until you go (pound cost averaging) or even in two or three sets that way if the rate is better in say two months time, you still buy part of you monies at that time taking part advantage, but equally if the rate is better at present, you haven't lost that rate in its entirely!

Regards

Genie123

Chascass

· #16 · May 27, 2009

We were in Belgium last week and the prices were eye watering.

We called at a bar on the Marina at Honfleur 3 weeks ago, pint for me half for the wife, 13.5 euros, at the time equivalent to £9 a pint.
Needless to say never went back again.

Charlie

andyangyh

· #17 · May 27, 2009

Remember when you used to wander round French supermarkets wondering at how cheap everything was? Well now you can get that same feeling by walking round Asda in Dover after visiting Calais for the day.

baldlygo

· #18 · May 27, 2009

Vennwood said:
But its not just the exchange rate is it - the cost of food/restaurants/wine etc. have risen, particularly in France, as well - with only the fuel cost that is below UK

:multi: Wine is still much cheaper at supermarkets

Paul

Sgt411

· #19 · May 27, 2009

We have been touring in France for the last couple of weeks taking advantage of the many aires and overnight stops provided by this wonderful motorhome friendly nation. Occasionally we treat ourselves to a night or two on commercial sites to charge the batteries and to do some laundry. We are currently on a very good camping cheque site at Pontorson, Brittany. I fortunately bought my camping cheques prior to the recent rise in price so I am only paying about 13 Euros per night. The correct price per pitch is 23 Euros per night. Today we went to the local market and was quite shocked at the prices i.e. small oranges 1 Euro each, strawberries 2.50 Euros for 250 grms, Rocquefort cheese was a staggering 20 Euros a kilo. Plate du Jour in the local restaurants were priced from 15 Euros upwards. Fortunately we brought most of our food with us from the UK so we will be having a meal out less often than on previous years. Still I suppose it's the price we pay for the benefit of being able to travel leisurely on the traffic free roads and enjoying the freedom of stopping overnight on the many picturesque aires etc. Looking forward to the meet at Amboise.

Keith and Lynda

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SaddleTramp

· #20 · May 27, 2009

lifestyle said:
Today at our Post office , 600 euros for £550 ,is this a good deal ?

Today at Tesco €555 for £500, so I would say No.

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