Got my stupid head on... euros

[mrs rcch]

Can somebody please help me, I've managed to confuse myself.

I bought some euros last year at 1.35 to the £

I have 250 euros left, roughly £228

Is that a good deal to change them back to pounds , or should I hang on to them ?

[COL41]

At a rate of 1.35 it would have cost you a lot less to buy them-around £185. I guess it depends what rate you can get though as buy back rate is lower than what they sell for

[Guest]

So if you bought €250 at 1.35 it would have cost £181 roughly.
M&s are buying them back at 1.2 today so you'd get £208.
You have made £27. Yes, a good deal.

[mrs rcch]

Thanks for the replies.

I thought I had it right, it then began to doubt myself

[dee slack]

Originally Posted by mrs rcch

Can somebody please help me, I've managed to confuse myself.

I bought some euros last year at 1.35 to the £

I have 250 euros left, roughly £228

Is that a good deal to change them back to pounds , or should I hang on to them ?

See more...

personally, I'd hang on to them as I can't see it getting back to that rate for the foreseeable future.

[pad406]

If I were you I'd hang onto them if you don't need the £s. Sterling is still trending down to the Euro and many people are predicting parity within the next 6 months. So you'll either get £250 back or save yourself money if you're travelling

[Blue nose]

The best time to sell Euros is now not when the rate rises.

Only sell them if you don't need any again soon as they'll cost you more to buy again.