Tom 58 Posted January 25, 2015 Author Share Posted January 25, 2015 "Tom you must be rather old to remember 1600ff to the pound."Old is a rather relative term but I bought my first handful of ffs during a school exchange in 1954.Tom Link to comment Share on other sites More sharing options...
Rabbie Posted January 25, 2015 Share Posted January 25, 2015 If memory serves me right it was in 1958 that de Gaulle introduced the new franc that was worth 100 old francs. Link to comment Share on other sites More sharing options...
woolybanana Posted January 26, 2015 Share Posted January 26, 2015 Well, Greece has defaulted on its debt repayment since 1826 every 36 years on average, so what the problem is I dont know. It happens once a generation, roughly. It is a habit.And the Germans had half their debt forgiven in the 1950s (I think).Kick Greece out of the euro until they have got it sorted then allow them back very, very, very slowly if need be.And the euro will be better off, more stable.Whatever happens, do not give them more money. Link to comment Share on other sites More sharing options...
Frederick Posted January 26, 2015 Share Posted January 26, 2015 Euro = 0.745487 British PoundSelling 1 EUR → you get 0.7475 GBP Buying 1 EUR → you pay 0.7479 GBP rate on Mon, 26 January, 2015 12:01:00 (GMT) Link to comment Share on other sites More sharing options...
suein56 Posted January 26, 2015 Share Posted January 26, 2015 [quote user="Frederick"]Euro =0.745487 British Pound[/quote]Which translates as £1 = 1.3414€. So when I saw that last night I celebrated by buying some euros using the money from our first ever oap payments.Sue [:)] Link to comment Share on other sites More sharing options...
vette Posted February 26, 2015 Share Posted February 26, 2015 Well, it's still on the rise. Currently at 1.375 to the £ Link to comment Share on other sites More sharing options...
PaulT Posted February 26, 2015 Share Posted February 26, 2015 I now worry when I draw money from an ATM with my UK bank card 'will there be enough euros in the machine' :) Link to comment Share on other sites More sharing options...
Frederick Posted February 27, 2015 Share Posted February 27, 2015 EUR/GBP (EURGBP) CFD0.7280 0.19%High: 0.7282Low: 0.7256Euro / British pound Yahoo! FinanceAt 0835 Link to comment Share on other sites More sharing options...
Martin963 Posted February 28, 2015 Share Posted February 28, 2015 I must say that, having had to "draw in our horns" financially post 2009 and the consequent deliberate devaluation of the £ via QE and ZIRP, I'm getting a teeny delicious sense of well-being from these figures. Maybe trips to the restaurant can resume....!Doesn't make up for the inflation in the meantime of course, but even that is now deliciously low. Governments inflating their way out of debt (?) - not at the moment...!Sadly I doubt this more benign scenario will last, and I'm conscious that what for us is an improving situation will have others (converting from Euros to £) feeling less joyful. Link to comment Share on other sites More sharing options...
Gardengirl Posted February 28, 2015 Share Posted February 28, 2015 Martin, I think you're anticipation of meals out is showing a tiny bit - delicious and deliciously! (I would put a smile, but it won't allow me to on my ipad - and I suppose there will be a load of gobbledygook for the same reason!). ;-)My husband was very content this month about the UK pension that's paid in to our French bank account, helped make up for some of the worse times.Edit: no gobbledygook and no double post - things are looking up! Link to comment Share on other sites More sharing options...
Frederick Posted February 28, 2015 Share Posted February 28, 2015 We have now decided its time to go IKEA shopping in France for new furniture .. Big savings to be made there now both on price difference and the exchange rate . And we have chosen what we want after a visit to a UK store examined what we are after and tried it out . Link to comment Share on other sites More sharing options...
vette Posted February 28, 2015 Share Posted February 28, 2015 I have just worked out that with the fall in fuel prices and the rise in the exchange rate, the cost of 2000 litres of heating oil is now 415 Euro's cheaper than when I filled the tank in October. Now that's a big difference. Link to comment Share on other sites More sharing options...
nectarine Posted March 1, 2015 Share Posted March 1, 2015 Did a transfer (using Transferwise) the other day and got 1.3638 which was the best rate at the time. Quite pleased as I have been following the rate for a few weeks but today it is 1.378. I have no idea which way the euro/pound will go ..... Link to comment Share on other sites More sharing options...
Théière Posted March 10, 2015 Share Posted March 10, 2015 It's just broken the 1.40 line! Link to comment Share on other sites More sharing options...
Alan Zoff Posted March 10, 2015 Share Posted March 10, 2015 Tough on anyone selling up to move back to Blighty, especially if they have been disappointed with the sale price. A not very pleasant double whammy. Link to comment Share on other sites More sharing options...
Théière Posted March 10, 2015 Share Posted March 10, 2015 You can with some FX book your rate by deposit and hold that for up to two years. Link to comment Share on other sites More sharing options...
idun Posted March 10, 2015 Share Posted March 10, 2015 Anyone who doesn't budget for the worst case scenario is not using their noddle properly. We have lived with so many ups and downs over the years. Recently we have had a good rate of exchange and it is 'nice' when it happens, but I never depended on it remaining, currently we don't, nothing for me to get upset about as at some point it was expected. When one has income from or property in another country, then best to be practical about it. Link to comment Share on other sites More sharing options...
nectarine Posted March 10, 2015 Share Posted March 10, 2015 ... and it's just pipped at 1.41 ! I have no idea what is happening in the financial world to cause this ... anybody know? Link to comment Share on other sites More sharing options...
Frederick Posted March 10, 2015 Share Posted March 10, 2015 This might have somthing to do with it . The Times Philip Aldrick Economics EditorPublished at 12:01AM, March 10 2015The euro slipped to a seven-year low against the pound yesterday after eurozone central banks started to buy up sovereign debt in the markets as the currency bloc’s €1.1 trillion quantitative easing programme finally got under way.Government borrowing costs fell and the single currency remained on course for parity with the dollar on the back of the European Central Bank’s last-ditch attempt to resurrect growth and stave off deflation. Link to comment Share on other sites More sharing options...
PaulT Posted March 10, 2015 Share Posted March 10, 2015 Getting ready to transfer some money when it becomes 2 euros to the pound :)When we bought in January 2007 we got 1.485 to the pound when we transferred the money for the purchase. Never thought it might get back there. Link to comment Share on other sites More sharing options...
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