Don't feel happy about using ATM's abroad. what would be alternative to that in Hong Kong and Perth

Anyone know if it is difficult to find cashpoints and places to change sterling travellers cheques in Menorca? I'm off to Punta Prima so not far from Mahon

Hi TUCKER ... in case you haven't seen it, there is also a dedicated Exchange rates, ATMs and Travellers Cheques ... Q&As topic in the Menorca forum, which may be worth checking out or posting in to attract the attention of those familiar with the area.

David

ok thanks

I have never seen anything like this, it seems at the moment the euro is rising by 0.0110 per day

wed currency rate was around 1.16, and yesterday 1.17, checking todays rate, which is 1.18

If things are starting to move, can only hope when I go away on holiday in July, could be looking at an exchange rat of 1.26, and if the trend continues, could it go any higher

I'm praying you're right, as I don't go until August

it's looking good but i'm not travelling till august any ideas if it will keep rising i'm tempted to buy now before the bubble bursts.
tracey x

Helen T wrote:

I'm praying you're right, as I don't go until August :tup

trasjohno wrote:

it's looking good but i'm not travelling till august any ideas if it will keep rising i'm tempted to buy now before the bubble bursts.tracey x

If you are both going in Aug, it might be an idea to look at crowncurrencyexchange, there exchange rate for end july - aug is €1.2115, so who know what is going to happen in the next few weeks, by aug could it get up to €1.30, if it does it will please alot of holiday makers

But I think it is a good idea to wait until next week and see how the euro does

It seems that the ATM in Lasi Kephalonia, where I'm going, is either always broken or empty, so i have to make the decision whether to take enough Euros with me or enough cash to exchange there - decisions, decisions!

Oh I do hope so,Im out in fuenigrola on august 5th,so hope it continues to creep up..

1. Technically the Euro is going down.

2. I predicted this several months ago! The pound was in limbo for a while because our election was looming and no-one was sure how it would end (I'm still not sure!)

The Greek crisis is having knock on effects. Not only has it dragged the Euro down, but it's dragged the German government in because they are basically running the bail out. They recently lost control of the upper house of the German parliament due to state election results in Nord Rhein Westfalen, which weakened their position, and now the president has been forced to resign after saying something daft about their military. So the markets now have doubts about German stability and the spiral of decline goes on. If Merkel sorts her problems out quickly the rate may not go much further but if her coalition collapses €1.40 wouldn't be too hard to see. The big catch though is inflation, no point in getting a better rate if everything is dearer when you get there.

The big catch though is inflation, no point in getting a better rate if everything is dearer when you get there.

Certainly no point in getting a lower rate either if everything is dearer when you get there. I much prefer the better rate.

Robby

I think what Steve meant was that the weakening of the Euro is in part due to the risks of inflation in the Eurozone as the low interest rates are maintained.

If the Pound strengthens on the back of a relative competitive advantage then fine.. you get more €'s to the £ AND can buy more stuff in Euroland..
But if the Pound strengthens purley as a result of € inflation then you get more €'s but they only buy the same amount of stuff.

But it still feels good that you get more Es to the £. I'm i France in August. I just need the £ to rally against the $ for when I go over there in September and my world will be complete!

At the moment the euro rate is looking good, and closed tonight at 1.1933 availablke for collection by end of June, if by fri the euro is at 1.22, it might be the best rate you will get for july

And the high street shops arent far behind, in putting there rates up, thomson cook at the moment are offering 1.1793 to the £, and I hope by Fri they will be offering at least 1.20 to the £

Now the big dilema, do you buy the euro at 1.1933, or do you wait and see if it reaches 1.30 or more, and it does seem to be rising on a daily basis, but for how much longer

Whilst in Benidorm last week the rate over there for exchange was much better than here in the U.K!

I do hope the euro keeps going up aswell, some people say well it doesn't make that much difference , course it does when your changing a couple of grand

shazajo wrote:

I do hope the euro keeps going up aswell, some people say well it doesn't make that much difference , course it does when your changing a couple of grand

I'd love for the Euro to go up as I live abroad and have to change my euros into pounds when I visit the UK, but as Steve says the Euro is going down not up. It's the pound that's going up.
But it's swings and roundabouts, the last couple of years I've had it good when I'm changing into pounds but now the trend has reserved I have to look forward to my euros reduced buying power when I'm in the UK.

i'm very very tempted to buy them now for september from cce i did it last year and got 1.15 and by the time i went it had gone down to 1.05 in the resort. travelex is offering 1.17 but if i go with cce with the amount i'm buying i will gain 60 euros more for the same £1500.