Advice - buying Eur...
 

  You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more

[Closed] Advice - buying Euros

16 Posts
13 Users
0 Reactions
52 Views
 ski
Posts: 0
Free Member
Topic starter
 

Does anyone have any tips or predictions on buying Euros?

Looking to bum my way round Europe for a while

So Will need some in six weeks time all going well and not sure weather it's better/safer to buy now or leave it closer to when we need them, I guess Greece will have an effect, but it's a bit beyond me knowing how this could effect the price?

Money is tight for me at the moment so a few extra euros to spend would make my travel plans stretch my time away.

Thanks


 
Posted : 24/06/2015 9:03 pm
Posts: 41395
Free Member
 

What's the whether looking like? 😛


 
Posted : 24/06/2015 9:09 pm
Posts: 0
Free Member
 

Rate improved to 1.40 best it's been since 2005 I think. I'd say change now. If you want to hedge your bets do some now say 40-60% and rest later


 
Posted : 24/06/2015 9:12 pm
 ski
Posts: 0
Free Member
Topic starter
 

Cool, not thought about hedging my investment, thanks.

Weather wise 😉 I am more worried about getting a slug and losing my tourer as soon as I set foot in France 😉


 
Posted : 24/06/2015 9:18 pm
Posts: 0
Free Member
 

Moneysavingexpert tells where best rates are


 
Posted : 24/06/2015 9:19 pm
Posts: 0
Free Member
Posts: 77347
Free Member
 

The exchange rate is at a "seven year high" right now apparently, if that helps.

FairFX card, it's the future.


 
Posted : 25/06/2015 7:37 am
Posts: 0
Free Member
 

FAIRFX.

Bought at €1.37 to the £1 a week ago at a macro rate of €1.40.


 
Posted : 25/06/2015 7:49 am
 Spud
Posts: 361
Full Member
 

I set myself an amount of x €for x £ and when it reached it bought, That was in late March. I found Eurochange the best rates.


 
Posted : 25/06/2015 7:52 am
Posts: 219
Free Member
 

If you are buying large amounts of cash Euros, do not buy from a High St bank or the Post Office etc. NEVER buy currency at the Airport. There are several Forex websites for companies based in central London that have far better rates.
Many can post up to £2500 of currency.
Euro
BEST FOREIGN EXCHANGE.com 1.3866
Halifax 1.3392
Post Office 1.3660
High Street Bureaus 1.3518
Marks and Spencer 1.3501

A FairFX card is good as you fix your rate when you load the card up. If you load it today you will get 1.3708 so not as good as you can get but better than the High St.


 
Posted : 25/06/2015 7:55 am
Posts: 0
Free Member
 

Slipped to £1 = €1.41 this morning...


 
Posted : 26/06/2015 9:19 am
Posts: 3899
Free Member
 

The Post Office has probably the best rate on the high st. 1.373 this morning on £1000. Hassle free, too!


 
Posted : 26/06/2015 9:27 am
Posts: 2
Free Member
 

Dunno. But I was in the City the other day and walked past a couple of "hole in the wall" foreign exchange bureaux and there were queues outside both of them - so I guess they must have good rates?


 
Posted : 26/06/2015 9:31 am
Posts: 0
Free Member
 

1.40 for me

S'hampton airport was a joke 1:60 - 1:05 spread - gee, that looks good. Form an orderly queue.

But at 1:40 or better. Expect some weakness over the weekend/early next week with Greece.


 
Posted : 26/06/2015 9:33 am
Posts: 0
Free Member
 

Asda was at 1.369 last night, based on the £100 I initially looked at, so didn't need a large purchase to get their better rate (same rate at 1k and up from them). It was the best I could find yesterday for 1000€.

Given the surprising lack of 11th hour agreement last night though I'm a bit disappointed I didn't wait till today but is expected a fair rally in the euro rate this morning.


 
Posted : 26/06/2015 9:48 am
Posts: 550
Free Member
 

Kanoo is 1.3766 today. Used to be American Express exchange in Sheffield. Shops elswhere as well


 
Posted : 26/06/2015 11:57 am
Posts: 0
Free Member
 

tmh, I like Southampton airport very convenient and saves a lot of time with check in/out


 
Posted : 26/06/2015 12:00 pm

6 DAYS LEFT
We are currently at 95% of our target!