Holiday Currency Exchange
The strong pound has seen Euro rates are hitting the 1.18/1.19 mark at the moment.
This means that changing £750 into Euros wpuld get you around €30 more now for your money than it would have a couple of weeks ago.
The coming days and weeks leading to the general election on June 8th will definitely see some movement for sure and we will keep an eye on things and always help you find the best rate available both online and on the high street.
Image courtesy of Hamza Butt.
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We carried out a price check today of the rates on offer in 5 locations for US Dollars and Euros. It confirmed what we repeat time and time again; you should always compare rates and should always plan ahead and not buy at the last minute.
A number of the companies we list allow you to reserve and collect within an hour anyway, so you will get the great online rate whilst the convenience of collecting almost immediately on your high street.
Rates compared at 5pm on Wednesday 4th January 2017
EUR rates
Best online Euro rate – 1.1580
Hemel Hempstead – 1.0954
Manchester – 1.10
Leicester Square, London – 1.08
USD rates
Best online US Dollate rate – 1.2146
Hemel Hempstead – 1.163
Manchester – 1.16
Leicester Square, London – 1.15
The Euro rate dipped to a new low yesterday, with all currency providers offering rates below €1.10/£1, this is the first time it has done this since 2010.
The collapse in the pound is bound to lead to higher prices for goods that are imported to the UK and also make holidays more expensive for British holiday makers.
We’ll be keeping a close eye on rates and see what happens over the coming weeks and months.
Since Theresa May announced the dates in her Brexit plan the pound started to drop, she said “it is not going to be plain sailing” and that sent shock waves. Everyone knew it but when someone such as the prime minister actually says it then markets start shifting.
The £/Euro rate is continuing to drop – where will it stop? We’re certainly as unsure as everyone else, but at the moment its all freefall in terms of rates.
Take a look at the following graph:
Euro rate over the last 18months. So, always keep an eye on rates and if you see a peak it might be a good time to buy.
The currency of France is the Euro (prior to the introduction of the Euro they used the French Franc). Its currency code is EUR and the currency symbol is €. It is used in a number of currencies in Europe. There are 100 cents in a Euro.
The currency is made up of coins and banknotes as follows:
Frequently used coins: €1, €2, 5cent, 10cent, 20cent, 50cent
Frequently used banknotes: €5, €10, €20, €50, €100
The Euro rate has increase over the last week by just under 1%.
The rate last Thursday was 1.3760 and today its at 1.3891. This means that £750 will get you an extra €9.83. We’re seeing an upward trend at the moment but the Euro is dependant on so many things so we’ll be keeping a close eye on it.
Here is a trend map over the last few months.
Always compare Euro rates before you buy.
The Bavarian Strong Beer Festival is in in fifth year and this year will take place between February 20th – March 28th, 2015.
Its a great event and attracts visitors from all over Europe. With the Euro at a fantastic rate at the moment and some great deals on flights and teh Eurostar, why not pop over for the weekend and sample the beer and what Munich has to offer?
Full information available at www.destination-munich.com/munich-strong-beer-festival.html
