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margaretbl
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Joined: 01 Mar 2007
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Location: south tyneside
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 Post subject: Exchange rates |
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Hi all, anybody got any idea what the rate is over there at the mo, very low here, 1.20 Euro to the pound
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Thu Mar 27, 2008 9:27 am
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loopyleanne_
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Location: milton keynes
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am i being stupid saying i dont really get exchange rates and how it works 
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Coming to tenerife in may!!! |
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Thu Mar 27, 2008 9:30 am
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xLisax
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Leanne.. lol
@ the Moment.. £100 BRITISH POUNDS = 120€ EUROS
It used to be..
£100 = 144€
I cant believe how crap the pound is at the moment!!
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Whooo Tenerife in May!! |
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Thu Mar 27, 2008 9:38 am
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xLisax
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Also good question Margaret!
If its better out in the reef i think ill change my money there!
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Whooo Tenerife in May!! |
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Thu Mar 27, 2008 9:38 am
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loopyleanne_
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ahh ok i see,  thanks lisa, glad ive got you with me lol dont no how i coped last time haha
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Coming to tenerife in may!!! |
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Thu Mar 27, 2008 9:39 am
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xLisax
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lol oh no haha
Ahhh Holiday! 
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Whooo Tenerife in May!! |
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Thu Mar 27, 2008 9:41 am
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margaretbl
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Location: south tyneside
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Lisa thats what we were thinking we arn't out till August but just thinking
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Failures don't plan to fail, they fail to plan
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Thu Mar 27, 2008 9:49 am
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strippersrus
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Joined: 18 Feb 2006
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Location: tenerife
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2 days ago it was 1.25.....
and in the middle of march we got 1.27...for my brother when he came over.....the airport in UK was 1.21
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Thu Mar 27, 2008 10:01 am
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margaretbl
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Thanks Stripps, Just my bro in law gives me savings each week, ( I am banker, lottery runner, bookies runner, cook etc, for the workers on a weekend)) and I normally get it changed, not done it for a while and have a considriable amount for him, just keeping an eye on the rates as it may be better to change over there.
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Failures don't plan to fail, they fail to plan
(Harvey Mackay) |
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Thu Mar 27, 2008 10:14 am
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fionakeen
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Joined: 13 Sep 2006
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Location: Adeje
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| I sent some money from my uk account yesterday and got 1.262, luckily i only sent just short of £50 to cover the house Ins that was totally unexpected!! |
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Thu Mar 27, 2008 10:30 am
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funky
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Joined: 22 Feb 2006
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Location: He's behind you ........
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| Post subject: Re: Exchange rates |
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| margaretbl wrote: | | Hi all, anybody got any idea what the rate is over there at the mo, very low here, 1.20 Euro to the pound |
Er, I think you'll find its the same exchange rate everywhere Margaret 
Or did you mean what exact tourist rate the greedy English banks are offering compared to our friendly looky-looky corner shops in Tenerife? Probably a bit more difference.
Usually here they offer 4 points off the official market rate. For those who don't understand the term 'market rate' I mean the official figure quoted each day by central banks. The actual exchange rate you get at the bank swings a few points either side of this starting price depending on whether you are buying or selling.
Today the market rate is 1.2696 Euros to the Pound. In Tenerife you'll probably get offered 1.22 - 1.23 with no additional commission. In England you're unlikely to get offered more than 1.20 and they might try to slap a £2.00 commission on top of that !!
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Thu Mar 27, 2008 6:00 pm
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margaretbl
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Location: south tyneside
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THanks Funky, we normally shop around for the best deals when we are over there.
Over here I normally look between Dawson and Sanderson, Post Office (if you can find one) and Marks and Sparks, at the mo they are all the same, or were last weekend.
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Failures don't plan to fail, they fail to plan
(Harvey Mackay) |
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Fri Mar 28, 2008 9:19 am
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TenerifeSolicitors
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Joined: 11 Dec 2007
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Location: Club Atlantis - San Eugenio
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The official rate's down to 1.26 today. Some experts are predicting it could go as low as 1.20 or lower (that would equate to about 1.16 at most tourist outlets in the south (and even lower in the U.K. banks). I fear for British tourism here if it does. Everyone will head to Turkey, the U.S. or other cheaper dollar-linked destinations.
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Legal Solutions both in Tenerife and in England or Wales? Tenerife Solicitors can assist from our offices in San Eugenio, Tenerife and in Kent, U.K. Visit www tenerifesolicitors com |
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Mon Mar 31, 2008 12:56 pm
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Dianne
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Location: Bonnie Scotland
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I over next week should I exchange cash when Im over rather than before I fly out from the UK ??
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im back in Tenerife soon........ yepeeeeeeeee |
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Mon Mar 31, 2008 8:21 pm
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funky
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| Dianne wrote: | | I over next week should I exchange cash when Im over rather than before I fly out from the UK ?? |
The rates are definitely better in Tenerife Dianne. So unless you need any for taxis before you reach the resort or for the first night etc, I would wait until you get here. I think you said you arrive on the 8th? which is a Tuesday, so everywhere should be open that exchanges money.
Or failing that, give me a call and I'll exchange it for you at my 'desperate tourist' rate
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My Paranoia-Management Therapy is going great! Now they're only watching me half the time.... |
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Mon Mar 31, 2008 11:18 pm
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