| View previous topic :: View next topic |
| Author |
Message |
nickbeans
Pro Reefer
Joined: 22 Mar 2007
Posts: 245
|
 Post subject: |
 |
|
Bit too much of a gamble for me 
I work in finance already, and we've moved all of our euro currency back to £ as it was the best time to get the most back for it.. Wouldn't like to be in the shoes of someone that's working in England, but has a mortgage on a european holiday home at the moment!
_________________
My Facebook |
|
Thu Jan 17, 2008 10:44 pm
 |
|
 |
rob
Moderator
Joined: 08 Aug 2004
Posts: 7429
Location: Tenerife
|
| Post subject: |
|
|
How is it a gamble if you're positive that you are right?
_________________
.
Who am I? Follow the myspacetenerife link under my avatar.
Remember: You don't stop laughing because you grow old, You grow old because you stop laughing. |
|
|
Thu Jan 17, 2008 11:04 pm
|
|
|
nickbeans
Pro Reefer
Joined: 22 Mar 2007
Posts: 245
|
| Post subject: |
|
|
Because what we're currently talking about is the past based on factual evidence, the future you can predict, but it is of course a gamble, and with all gambles there are levels of probability based on previous performance.
Likewise, if you think i'm wrong, convert lots of pounds to euros now!
_________________
My Facebook |
|
|
Fri Jan 18, 2008 6:17 pm
|
|
|
rob
Moderator
Joined: 08 Aug 2004
Posts: 7429
Location: Tenerife
|
| Post subject: |
|
|
Surely we're talking about the future also? You stated that you wouldn't buy Euros now because of the low exchange rate. By implication you mean that in the future it will be better. Take a look at the past 4 or 5 years of Euro/Pound exchange rates.
_________________
.
Who am I? Follow the myspacetenerife link under my avatar.
Remember: You don't stop laughing because you grow old, You grow old because you stop laughing. |
|
|
Sat Jan 19, 2008 10:00 am
|
|
|
nickbeans
Pro Reefer
Joined: 22 Mar 2007
Posts: 245
|
|
|
Sun Jan 20, 2008 12:29 am
|
|
|
Dianne
Pro Reefer
Joined: 07 Aug 2007
Posts: 656
Location: Bonnie Scotland
|
| Post subject: |
|
|
Looking at the exchange rate today here in the uk your only getting 128 euros for your £1 where as in July last year I was getting over 150 euros so surley it has to improve..... I hope anyway, only time will tell 
_________________
im back in Tenerife soon........ yepeeeeeeeee |
|
|
Sun Jan 20, 2008 12:02 pm
|
|
|
Madre
Junior Reefer
Joined: 08 Nov 2007
Posts: 58
Location: Tenerife
|
| Post subject: |
|
|
| That sounds a great rate to me im going back to England to change my money! |
|
|
Sun Jan 20, 2008 3:33 pm
|
|
|
strippersrus
Supreme Reefer
Joined: 18 Feb 2006
Posts: 4200
Location: tenerife
|
| Post subject: |
|
|
Ot has gone up a little this week. My mum came over last sunday and was only getting 1.27 now we get 1.31. Not a lot more but if you changeloads i suppose its better lol
_________________
Find out more at www.myspacetenerife.com
Stripps
Where the party starts.....
www.tenerifehennights.com |
|
|
Sun Jan 20, 2008 4:54 pm
|
|
|
rob
Moderator
Joined: 08 Aug 2004
Posts: 7429
Location: Tenerife
|
| Post subject: |
|
|
| strippersrus wrote: | | Ot has gone up a little this week. My mum came over last sunday and was only getting 1.27 now we get 1.31. Not a lot more but if you changeloads i suppose its better lol |
You'll get a far better rate if you use a foreign currency exchange company than you get from the kiosks etc here. If it's just holiday money I use my cards when abroad as generally you get a slightly better rate and you can draw enough to last daily rather than taking out a lot and having to carry it around with you.
_________________
.
Who am I? Follow the myspacetenerife link under my avatar.
Remember: You don't stop laughing because you grow old, You grow old because you stop laughing. |
|
|
Sun Jan 20, 2008 5:34 pm
|
|
|
louisa
Junior Reefer
Joined: 30 Dec 2006
Posts: 90
|
| Post subject: |
|
|
I agree Caja Canaries, I opened a bank account with them in December and they were brilliant and my card was there to pick up in two days.
Also the exchange rate is rubbish here at the mo and I am coming over toi live a week tuesday, most banks on 1.24 but |I have found a place that will do 1.36 which the internet transfer people are doing.
Louisa |
|
|
Sun Jan 20, 2008 6:07 pm
|
|
|
margaretbl
Supreme Reefer
Joined: 01 Mar 2007
Posts: 3690
Location: south tyneside
|
| Post subject: |
|
|
I got 1.29 on Monday last week
_________________
Failures don't plan to fail, they fail to plan
(Harvey Mackay) |
|
|
Sun Jan 20, 2008 8:15 pm
|
|
|
Bushbarbob
Baby Reefer
Joined: 03 Jan 2007
Posts: 15
Location: UK/Tenerife...
|
| Post subject: THe OrriBle ExChange RaTE!... |
|
|
Now, in Blighty...My fellow Denizens...the best rate is about 1.22!!!...
We are coming out in...Oct for the Winter...so i am thinking forwards.
Does anybody know if a better rate is generally,or specifically available in
Tenerife...and if so which bank does it? If things are known to be Better
or,on-a-par, over-yer...then I am gonna bag up a whole mess of Euros
From Travelex...and jump on the Plane.
O.K. ...............Whatsay? ........................................................B.B.B.
_________________
You Can't Fake a Good Meal... |
|
|
Tue Jun 17, 2008 3:15 pm
|
|
|
rob
Moderator
Joined: 08 Aug 2004
Posts: 7429
Location: Tenerife
|
| Post subject: |
|
|
A lot depends on the amount but for forward planning of a few grand then speak to these people... http://www.sun4free.com/directory/tenerifebusiness519.htm
_________________
.
Who am I? Follow the myspacetenerife link under my avatar.
Remember: You don't stop laughing because you grow old, You grow old because you stop laughing. |
|
|
Tue Jun 17, 2008 3:31 pm
|
|
|
funky
Supreme Reefer
Joined: 22 Feb 2006
Posts: 1683
Location: He's behind you ........
|
| Post subject: |
|
|
| strippersrus wrote: | | Ot has gone up a little this week. My mum came over last sunday and was only getting 1.27 now we get 1.31. Not a lot more but if you changeloads i suppose its better lol |
What exactly did they pay your mum with?? 'Magic beans'??
Even the official bank rate hasn't beaten 1.27 for almost 3 months. By the time the currency exchange companies, banks or bureaux de changes have taken their cut, your mum won't have got more than 1.24 at best.
Alternatively, if you're sure its now 1.31, I'll happily buy all the Euros you have at, say 1.28 to the pound, so that way you'll have a nice profit when you change them back at the bank the next day 
_________________
My Paranoia-Management Therapy is going great! Now they're only watching me half the time.... |
|
|
Wed Jun 18, 2008 7:32 pm
|
|
|
rob
Moderator
Joined: 08 Aug 2004
Posts: 7429
Location: Tenerife
|
| Post subject: |
|
|
| funky wrote: | | strippersrus wrote: | | Ot has gone up a little this week. My mum came over last sunday and was only getting 1.27 now we get 1.31. Not a lot more but if you changeloads i suppose its better lol |
What exactly did they pay your mum with?? 'Magic beans'??
Even the official bank rate hasn't beaten 1.27 for almost 3 months. By the time the currency exchange companies, banks or bureaux de changes have taken their cut, your mum won't have got more than 1.24 at best.
Alternatively, if you're sure its now 1.31, I'll happily buy all the Euros you have at, say 1.28 to the pound, so that way you'll have a nice profit when you change them back at the bank the next day |
Hmmmm  Take a look at the date of this post Ot has gone up a little this week. My mum came over last sunday and was only getting 1.27 now we get 1.31. Not a lot more but if you changeloads i suppose its better lol
_________________
_________________
.
Who am I? Follow the myspacetenerife link under my avatar.
Remember: You don't stop laughing because you grow old, You grow old because you stop laughing. |
|
|
Wed Jun 18, 2008 8:11 pm
|
|
|
|
FAQ
Search
Usergroups
Register
Profile
Log in to check your private messages
Album
Log in
