Euros - buy now or wait for the Greek referendum?!

[Rosscow]

We're off to France in 3 weeks.

I've been watching the Euro carefully and I'm wondering if I should buy whilst I can get around €1.39 to the pound, or wait a week and see if the Greek mess will get me more bang for my buck?

Anyone with some educated guesses?!

[ellroy]

How much are you changing?

A 1 cent move in the price equates to £3 saved on £300.....

[Rosscow]

I'll probably take £1k with me.

[ReallyReallyGood]

Why not change £500 now and £500 when you get there.

[Zigster]

I'm going to France in August. About a month ago I bought £1,000 worth of Euros at about 1.375, which felt like a good deal compared with the Swiss Francs I bought in February!

No idea what will happen in the next few weeks with the Euro. Probably won't make a huge difference either way but it might be worth splitting the purchase as others have suggested - buy half now and half nearer the time.

[Sir Bagalot]

swerni said:

I'm going to France in a few weeks, i'll mostly be using cash machines.

Why would anyone want to take a grand in cash?

Well let's see now......

In France I'll have to pay 2/3% transaction fee.... Get the bank rate on withdrawals....

Change this side and bring with me. Today I could easily get 1.388 to the pound. And some of us just prefer cash

[berlintaxi]

swerni said:

Sir Bagalot said:

swerni said:

I'm going to France in a few weeks, i'll mostly be using cash machines.

Why would anyone want to take a grand in cash?

Well let's see now......

In France I'll have to pay 2/3% transaction fee.... Get the bank rate on withdrawals....

Change this side and bring with me. Today I could easily get 1.388 to the pound. And some of us just prefer cash

i've always found the rate from cash machines very reasonable.
I don't have to worry about losing wedges of cash either.

Would you walk round with that much at home?

Only if it was a couple of weeks until pay day and I was skint.........this is PH after all.

[anonymous-user]

I am off to Italy and changed £1000 at 1.35 and just changed another £1000 at 1.39. To be honest it would have to be a major slide in the value of the euro to make a noticeable difference at these 'small' amounts.

If you were transferring a lump sum from a house payment or something it would be a different story!

[Zigster]

I find overseas cash machines provide poor rates, particularly with transaction fees. I seem to get a much better deal using a debit card.

Also, I find I don't pass cash machines as often when I'm in rural France - they're there but I might have to go out of my way a bit to find one. Easier just to have a bit of cash with me all the time.

[Broccers]

Heard of Clarity credit cards? Load before you travel..

Be interesting to see what the rate is next week.

[Rosscow]

Well, it's up to 1.41 already!

[ellroy]

And was heading towards 1.42 last night, so its actually cooled off a fair bit.

I could see what all the fuss was about if you were buying a house or some other large purchase, but on a grand you're talking about a tenner being saved!

[Rosscow]

ellroy said:

And was heading towards 1.42 last night, so its actually cooled off a fair bit.

I could see what all the fuss was about if you were buying a house or some other large purchase, but on a grand you're talking about a tenner being saved!

Pennies make pounds!!