Originally posted by techno
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Black Monday - the beginning
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"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested." -
Moscow,
'Quote:
Originally Posted by techno
So should I now get some Euros for the summer holidays in Europe or wait.....?
If you've got the means to gain interest on it before you spend it then probably yes. If not, no. ',
you therefore believe that todays exchange rate of:
1Euro = 77.5GBP
will not change, or if it does the GBP will strengthen ?
That is what you are saying is it now ?
Milan.Comment
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Originally posted by milanbenes View PostMoscow,
'Quote:
Originally Posted by techno
So should I now get some Euros for the summer holidays in Europe or wait.....?
If you've got the means to gain interest on it before you spend it then probably yes. If not, no. ',
you therefore believe that todays exchange rate of:
1Euro = 77.5GBP
will not change, or if it does the GBP will strengthen ?
That is what you are saying is it now ?
Milan.
You need to work out what your GBP will be worth in 6 months (or whenever) if you leave it in your account and what the interest rate will be when you exchange it.
MY OPINION is that the amount of interest made in that time will be more than the gains you would make by converting now.
As I said, I haven't done the sums (nor could I without much more data)."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostAs I said, I haven't done the sums (nor could I without much more data).Comment
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Originally posted by BrilloPad View PostAll you really need though is GBP/EUR spot fx rate, forward fx rate, GBP interest rate, EUR fx rate. Of course those 4 should be linked...
For a fortnight in Monte Carlo, it might be significant. For a week on the Costas, probably not."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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