Euro

loretta · Post by **loretta** » Thu Jul 28, 2005 4:33 pm

Can anyone who is in cvo at the moment tell me what the rate is of the euro in the bureau de change or banks.
I purchased some from my work about 4/6 weeks ago and got 1.58. I bought some more yesterday and got 1.525, Is it any better in cvo or should i get some more from here.
Thanks in advance

Guest · Post by **Guest** » Thu Jul 28, 2005 6:03 pm

Stick with the bank, tourist rate today was about 1.39. Sounds like they are offering the buying back rate!!

digger · Post by **digger** » Thu Jul 28, 2005 8:02 pm

your debit card should give you about 1.45 at the multibanco
but I know you are only teasing again Loretta ….. you get special rates thru you job

SKYROCK 9 · Post by **SKYROCK 9** » Thu Jul 28, 2005 9:12 pm

I went into my local Post Office yesterday and qwas only quoted 1.34 what does one do about these different rates that Banks and Post Offices

hand out. Is there a Black Market out there, especially in differnt parts of the U.K?

Guest · Post by **Guest** » Fri Jul 29, 2005 11:47 pm

1.525...WOW..WOW........grab all you can.......today it will be 1.42 ..best best........anybody get more than that pls let me know.-----

tbbr · Post by **tbbr** » Sun Jul 31, 2005 8:46 pm

Confused as to rates quoted.

If the official bank exchange rate ( NOT TOURIST ) is 1.45 to the £ the best 3 months against forcasted declining euro would only be a couple of cents more and for V large quantities ( we buy /sell fwd in our business ).

The rates quoted are for SELLING euros not BUYING.

Unless of course its not through the recognised markets ???

loretta · Post by **loretta** » Mon Aug 01, 2005 9:19 am

Between 17th - 30th June the buy rate of the Euro was 1.60, the company i work for bought in large quantaties of Euro at that time so i was then able to reseve some for myself at 1.58 rate. Around the middle of July the buy rate dropped to about 1.55 they bought more in at that time so i bought some more at 1.525.

Guest · Post by **Guest** » Mon Aug 01, 2005 10:56 am

Youll only get about 1.42 today...

Guest · Post by **Guest** » Mon Aug 01, 2005 11:25 am

I find the figure 1.60 surprising as the highest the pound has been over the last 52 weeks is 1.52020. Mike

loretta · Post by **loretta** » Mon Aug 01, 2005 4:00 pm

We are buying the euro today at 1.55. If i was to buy some in at that rate my manager would sell them to me at 1.53. as i said around the middle of july we were buying them in at 1.60 thats why i got such a good deal. We get our rates from Barclays.

tbbr · Post by **tbbr** » Mon Aug 01, 2005 5:00 pm

Then please buy some for us, we will pay 66p/euro still giving you a profit.

Please let us know how to go about it.

steve · Post by **steve** » Mon Aug 01, 2005 6:08 pm

I was shadowing the exchange rate in June because I needed to change a large amount of sterling. At that time the interbank rate did not go much above 1.52 and the banks take a commission of typically 0.006 on that rate, negotiable if you are looking to make large transactions.

At the time the pundits were forecasting that the euro would fall through the floor but this has not happened and it has since strengthened against the pound. The forward buy rates quoted look extremely generous even allowing for the forecast decline of the euro and this illustrates how difficult it is for the layman to make sense or profit out of the exchange rate markets.

lizz · Post by **lizz** » Thu Aug 04, 2005 9:31 am

Euro up to 1.44 this morning ( £69 p ) Tourist rate only 1.39/1.40.

Back in the algarve in a few weeks.

Buy now or wait ????????

Guest · Post by **Guest** » Thu Aug 04, 2005 12:33 pm

Try flipping a coin - it will give you just as accurate a guess as anyone else's - lots of learned words and so on but its all guesswork (if we know what tomorrow held there would have been 77 million winners on the Euro milhoes last week !)

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