Notices
General Chat This forum is for general topics and chat type threads.

Reply
 
Thread Tools Search this Thread Display Modes
Old 28 Mar 17, 03:06 PM  
Link to this Post
#1
FlorayG
Imagineer
 
FlorayG's Avatar
 
Join Date: May 12

FlorayG's Reviews
Hotel Reviews: 3
Restaurant Reviews: 9

theDIBB Guidebook
Guidebook Photos: 1
Guidebook Reviews: 2
Are my Euroes an investment?

a couple of months ago we changed £700 into 790E and then had to cancel the holiday.
When I went to change them back I got offered £630!
(We didn't take the guaranteed exchange rate because we didn't intend to bring any of it back from holiday)
So I'm just thinking, if I hang on to them, will the rate change enough for me to eventually get my £700 back?
FlorayG is offline Girl Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 28 Mar 17, 03:08 PM  
Link to this Post
#2
disney332
Imagineer
 
Join Date: Oct 09
Possibly.

Possibly not.

Disney332
__________________
disney332 is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 28 Mar 17, 03:15 PM  
Link to this Post
#3
Gill H
VIP Dibber
 
Join Date: Jan 08
Location: South Wales

theDIBB Guidebook
Guidebook Photos: 86
Guidebook Reviews: 24
Mobile

I would keep them for a future trip.
__________________
DLP: day trips 2000, 2003; Cheyenne Sep 2009, Feb 2011, Nov 2018; Sequoia Lodge June 2008, May 2012; Elysee May 2012, Jan 2013, Sep 2013; Disneyland Hotel Mar 2015, Santa Fe Nov 2016; Newport Bay Sep 2017, Ibis Sep 2019, Hotel NY Art of Marvel Nov 2021
WDW: Port Orleans Riverside Dec 10; SSR Nov 14
Gill H is offline Girl Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 28 Mar 17, 03:34 PM  
Link to this Post
#4
Mr Tom Morrow
Imagineer
 
Join Date: Jul 14
Location: The Tiki Room.

theDIBB Guidebook
Pages Created: 3
I never get rid of currency. It is a risk but invariably you will end up in profit in the long term.

I view it the same as Gold. You buy at what you think is a good price and watch the markets. Sometimes you make a short term loss and sometimes in the short term a big gain. But long term it's always a winner.
__________________

"PAGING MR MORROW, MR TOM MORROW..."

''I drink Wine and know things''

DVC Owners at SSR since 2003.
Multiple annual visits to America since 1976
Mr Tom Morrow is online now Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 28 Mar 17, 04:56 PM  
Link to this Post
#5
Nimbus
Imagineer
 
Nimbus's Avatar
 
Join Date: Jul 10
Location: South Manchester

Nimbus's Reviews
Hotel Reviews: 8
Restaurant Reviews: 21

theDIBB Guidebook
Guidebook Photos: 36
Guidebook Reviews: 2
Originally Posted by FlorayG View Post
a couple of months ago we changed £700 into 790E and then had to cancel the holiday.
When I went to change them back I got offered £630!
The rate used when selling back foreign currency is always worse to the customer than the rate used when buying foreign currency. If you bought some euros and sold them back on the very same day, you'd end up losing out and getting less pounds back. That has nothing to do with changes in exchange rate over time.

The pound to euro rate would have to go down by around 15%* compared to the rate when you bought the euros in order to get your £700 back.

(* this is a rough guess)
__________________
DLC: Jun 1996 // DLP: Aug 2013 // WDW: Dec 1997 | Feb 2000 | Mar 2001 | Feb 2006 | Oct 2010 | May 2012 | Aug 2014 | Apr 2016 | Apr 2023

~ Trip Report Indexes ~
Nimbus is online now Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 28 Mar 17, 05:17 PM  
Link to this Post
#6
Guest
Guest
 
Mobile

Originally Posted by Nimbus View Post
The rate used when selling back foreign currency is always worse to the customer than the rate used when buying foreign currency. If you bought some euros and sold them back on the very same day, you'd end up losing out and getting less pounds back. That has nothing to do with changes in exchange rate over time.

The pound to euro rate would have to go down by around 15%* compared to the rate when you bought the euros in order to get your £700 back.

(* this is a rough guess)
Very close, I work in a bureau and the difference in our buy/sell rate is normally 20%. Not sure I'd like it to drop that much!
Click to view Members Trip Plans Add Member to Ignore List
Old 28 Mar 17, 05:26 PM  
Link to this Post
#7
StorybookCircus
Very Serious Dibber
 
Join Date: Aug 16
Mobile

I'd see if any of your friends or family are going on holiday to Europe and then either pop a few notes in their birthday card or offer to sell the euros to them at a reasonable rate. Might work if they can't be bothered to search online for the best rates, wait in for a courier or walk round the high street with a big wedge of cash!
StorybookCircus is offline Girl Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 29 Mar 17, 01:48 PM  
Link to this Post
#8
Nimbus
Imagineer
 
Nimbus's Avatar
 
Join Date: Jul 10
Location: South Manchester

Nimbus's Reviews
Hotel Reviews: 8
Restaurant Reviews: 21

theDIBB Guidebook
Guidebook Photos: 36
Guidebook Reviews: 2
Originally Posted by Mrs_O View Post
Very close, I work in a bureau and the difference in our buy/sell rate is normally 20%. Not sure I'd like it to drop that much!
I used the post office buy/sell rates as an example; they was around a 15% difference between them.

And, yeah, I also hope the rates don't drop because I have to buy some euros in the near future.
__________________
DLC: Jun 1996 // DLP: Aug 2013 // WDW: Dec 1997 | Feb 2000 | Mar 2001 | Feb 2006 | Oct 2010 | May 2012 | Aug 2014 | Apr 2016 | Apr 2023

~ Trip Report Indexes ~
Nimbus is online now Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 29 Mar 17, 01:50 PM  
Link to this Post
#9
Mexy02
VIP Dibber
 
Join Date: Oct 12

Mexy02's Reviews
DIBB Villa Reviews: 1
I've just bought dollars off my friend at a rate of $1.26 . Win win for both of us.
__________________
LBV Spa resort October 2013
Bahama bay October/Nov 2015, Disney contemporary oct 2015, Loews rpr Nov 2015
Bahama bay October /Nov 2017, Disney contemporary oct 17 , AKL , GF
Yacht club / Bahama bay oct/Nov 2019 , poly
Nov 2022 boulder ridge, Polynesian , AOA and Bahama bay
Sept 24 POFQ
Mexy02 is online now Girl Mouse Click to view Members Trip Plans Add Member to Ignore List
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Forum Jump


All times are GMT +1. The time now is 02:17 PM.


Powered by vBulletin - Copyright © 2000 - 2024, Jelsoft Enterprises Ltd.
DIBB Savings
AttractionTickets.com

Get £10 off each Disney Ticket with the code ATDIBB10

Get up to £50 off per room at Disney or Universal with the code DIBBHOTELS


theDIBB Blog
One of the the five worlds found in Epic Universe, How to Train Your Dragon... Read More »
Disney announced that a new nighttime show, “Disney Dreams That Soar,” will run nightly at... Read More »
Walt Disney World Resort guests can get ready to have a “glowing’’ good time when... Read More »


theDIBB Menu


Exchange Rates
US Dollar Rates
ASDA  $1.2348
CaxtonFX  $1.2314
Covent Garden FX  $1.2518
FAIRFX  $1.2365
John Lewis  $1.2398
M&S  $1.2191
Sainsburys  $1.2343
TESCO  $1.2364
Travelex  $1.2361
Updated: 13:00 29/03/2024
Euro Rates
ASDA  €1.1441
CaxtonFX  €1.1405
Covent Garden FX  €1.1513
FAIRFX  €1.1468
John Lewis  €1.1477
M&S  €1.1289
Sainsburys  €1.1440
TESCO  €1.1445
Travelex  €1.1469
Updated: 13:00 29/03/2024

DIBB Premium Membership
Did you know you can help support theDIBB with Premium Membership?

Check out this link for more information and benefits, such as...

"No adverts on theDIBB Forums"

Upgrade Now



X