Buy euros now, or later?
Discussion
have been tracking this for a while, look at this...
http://www.xe.com/currencycharts/?from=GBP&to=...
you can change the time period in the chart, but this gives you an idea of the trend... tbh for a small ish amount you may as well change the money now...
http://www.xe.com/currencycharts/?from=GBP&to=...
you can change the time period in the chart, but this gives you an idea of the trend... tbh for a small ish amount you may as well change the money now...
Few things to think about.
1. Reason it's got weaker recently is that the euro base rate has in creased and the expectation for sterling base rate rise is now later in the year
2. Consider also that euro base rate may well rise again thus if that happened pound would weaken further.
3. Potential good news is that uk tax receipts were stronger than planned and the defecit is less than expected by c£5billions. Thus could make it stronger.
4. Pretty much short to med term all that harms or strengthens the currency is it's inflation and base rate combo if it's a smaller gap as in inflation above base rate then that currency will be stronger if it's the reverse low inflation and high interest rates the country with the bigger gap will have a stronger exchange rate.
If I were you decide based on today's exchange rate what the total sterling cost would be then say what would it be if it cost 5% more ? Is it a train crash? Probably not as it would only be c£50 on a bag of sand.
1. Reason it's got weaker recently is that the euro base rate has in creased and the expectation for sterling base rate rise is now later in the year
2. Consider also that euro base rate may well rise again thus if that happened pound would weaken further.
3. Potential good news is that uk tax receipts were stronger than planned and the defecit is less than expected by c£5billions. Thus could make it stronger.
4. Pretty much short to med term all that harms or strengthens the currency is it's inflation and base rate combo if it's a smaller gap as in inflation above base rate then that currency will be stronger if it's the reverse low inflation and high interest rates the country with the bigger gap will have a stronger exchange rate.
If I were you decide based on today's exchange rate what the total sterling cost would be then say what would it be if it cost 5% more ? Is it a train crash? Probably not as it would only be c£50 on a bag of sand.
Minel said:
have been tracking this for a while, look at this...
http://www.xe.com/currencycharts/?from=GBP&to=...
you can change the time period in the chart, but this gives you an idea of the trend... tbh for a small ish amount you may as well change the money now...
Can I have £2k worth at 2002 prices please?http://www.xe.com/currencycharts/?from=GBP&to=...
you can change the time period in the chart, but this gives you an idea of the trend... tbh for a small ish amount you may as well change the money now...
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