 Poster: A snowHead
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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| Wayne wrote: |
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10.0789% decrease in the majority of our costs over the last 3 months
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10.0789% eh? Well thank you Mr Spock, but could you be a little more specific? 
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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You need to Login to know who's really who.
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Wayne, asre you getting your rates and your decimal places mixed up again? 1.195 I think not 1.95 ?? I'll have to get my teacher's red pen out. (No I am not a teacher).
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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Hells Bells,
ooops, just ignore me. 
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You'll need to Register first of course.
You'll need to Register first of course.
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Remember it being around 1.2 in Jan 2008, just a bit sick that I bought a load for my hols a month ago at 1.07 and brought €450 back with me.
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Kel, Kel, I got over 1.13 on our last trip at the end of April.
paulio, looks like it dropped back slightly.
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Now actually over €1.22.
At this rate, I'll be able to afford to buy that thing, whatever it is, that nixmap isn't actually selling!
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paulio,and maybe he'll be able to afford paying his tax. Oh no, I forgot, tax evasion was the point, wasn't it?
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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it is actually gaining more so against the Dollar - it hit 1.5 yetsersday
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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rayscoops, hmm. £ gaining against the € bad (for business). £ gaining against the $ good (since so many commodity prices are $ based). Naturally I have a selfish, commercially-based viewpoint on this. 
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Caxton euro card now at €1.20 lookin good
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You know it makes sense.
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I've just noticed that there hasn't been a similar improvement against the Swiss Franc, it's been pretty steady, now sitting just below 1.65. Not great news for anyone skiing there unless things change. I'm not skiing there next winter, unlike the last 2, but have got a transfer from Zurich to St Anton and an overnight in Zurich to pay for in SwFrs.
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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1.225 now
Not been this good (or bad depending on your viewpoint) since the start of November 2008
At this rate even the people who go skiing in France will/may be able to afford an extra apres pint
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Poster: A snowHead
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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hmm... mainly on a thought that UK inflation is leading to an interest rate rise!
Cheap Euros or cheap interest rate, can't have both it seems 
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Boredsurfing, I'd go for interest rate personally, my mortgage is waaaayyyy larger than my Euro purchases
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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tiffin, Mine is capped so the rate can go a couple of points and I'm still smiling 
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You'll need to Register first of course.
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swiss ntional bank spent most of the first part of this year buying euros to stop the SFR appreciating.. unfortunatly it has been somewhat peeing into the wind and is now awash with euros worth loads less than they paid for them .. mind you at least they have realised the error of theur ways and stopped throwing money at it.. unlike the germans who are now in a political dead end.. they have promised to support the pigs no matter what.. no matter what being tons of german hard cash the the voters wont stand for.. the end game will be protracted due to politicians instrangience, and all the more painful because of it ..
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£1 = €2 by the end of the month ?
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Wayne, stretching it a bit too far there I think.  . I'll settle for 1.30 by Friday.
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Ok just a little more likely (but not really )
what about the value of the new DeutschEuro to the Euro
well maybe not now but give it time ??
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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Boredsurfing,
nah - the French will go the way of the rest due to the overpriced and discus sting coffee served on the motor near Lyon
They deserve everything they get. can't be that hard to make a decent brew can it
I heard (from a bloke in a pub) that the euro tunnel was going to be extended anyway to join up with the mont blanc - problem solved
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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Wayne, I would have thought you would be concerned abot the value of the NewLira 10000 note. Cash only no credit cards
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the new deutsche euro will be a tougher club to get in.. invites only to the austrians , dutch , possibly the french and belgians tho the belgians are busy falling out amongst themselves.. also you have the european middleclasses upwards with any disposable cash or savings getting out of euros and into gold , swiss francs, even pounds now post uk budget 
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You know it makes sense.
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Boredsurfing,
I do remember being a millionaire once when I went to turkey
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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£ 1.237 to the Euro, also the Euro is stumbling against $ again Euro 1.218 / $, so for the first time in a while that those two rates have swapped over and you get more £ for a Euro than you get Euros to a Dollar.
The stock markets are having a nightmare !!
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Poster: A snowHead
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How safe is the cash in your wallet
All euros are backed by the European Central Bank but the serial numbers prefixed with X may be regarded as most secure because they are issued by Germany. N is also a good prefix, because these come from Austria. P, L, U and Z prefixes may also be favoured because these are issued by the authorities in Holland, Finland, France and Belgium.
If you share widespread fears that the euro cannot last in its present form, you might want to avoid notes with the prefixes F, G, M, S, T or Y. These are issued by Malta, Cyprus, Portugal, Italy, Ireland and Greece.
http://blogs.telegraph.co.uk/finance/ianmcowie/100006707/how-safe-is-the-cash-in-your-wallet/
Germans exchanging for X Prefix Notes
http://www.telegraph.co.uk/finance/economics/2791587/Support-for-euro-in-doubt-as-Germans-reject-Latin-bloc-notes.html
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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stanton, What about the notes that were printed for the EU in Britain?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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Boredsurfing, they have this £ on them keep those ones
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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Boredsurfing, I think the ones they printed out in Gateshead might have fallen off the back of a truck on the A1(M).
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You'll need to Register first of course.
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| Quote: |
HOLIDAY MONEY
The pound is likely to strengthen further against the euro over the summer, according to analysts.
If correct, this suggests you would be better off waiting to buy euros for your summer holiday, although the difference is likely to be small.
Duncan Higgins at Caxton FX says the rate could rise by two cents in the next month or so - from the current 1.23 euros level to 1.25 euros.
Bear in mind that this is the institutional rate - you won't get such a good rate online or at a bureau de change.
Travelex is offering a rate of 1.1937 to its online customers.
This means you would get 596.85 euros for £500. If the rate went up by two cents, you would get 606.85 euros.
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From the BBC website.
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| stanton wrote: |
| Gilberts Fridge wrote: |
| stanton, you really are a cheery wee soul aren't you |
I am just giving a heads up for you guys to exchange money now (like right now) at a good rate before Sterling sinks. |
In similar manner to stanton's post from last August above, let me just say:
I am just giving a heads up for you guys to wait before exchanging money into Euros as Sterling continues to rise.
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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If I had to say either yay or nay about a double dip, I would probably say yay, but at the minute, if I could sit on the fence I would. Run all the models you want on the medium term outcome of the budget and it points to a double dip, but just about everything that has happened since the budget can't be replicated by any model. In theory, the amount of increased taxes and decreased income resulting from the budget should tell us that we will have low interest rates for at least two or three years (cos everyone will be too skint to spend money...... low inflation..... loose policy). Low rates for 2 or 3 years should make STG less attractive, so it should fall against the euro and dollar. The euro has its own issues thus the happy ski rates, but the dollar should be kicking the living poo-poo out of STG at the minute...... it is merely giving it a bit of a dirty look. Maybe it is down to a lack of confidence in everything, but once you have decided that you know what should happen, something should look attractive. At the minute there isn't really anything giving STG the run that should be happening. It could be just that the worlds financiers are looking at the long game. If the Con-dems manage to pull it off, STG bets will really pay off..... in about 8-10 years. Global financiers don't tend to play a 10 year game though, so again this doesn't make sense
The Deutsch euro thingy makes even less sense. It only works if they have Germany and Austria in it. France and Belgium don't tow the line as expected, so either of these nations could derail it entirely.(Frogs will strike for anything, and when they do, they don't p1ss about. This is entirely beyond political control. The Belgians appear to fall out about every decision they need to make.) Maybe if it is just Germany and Austria, they should give it a different name...... Deutshe Mark maybe?
p.s. - Stanton - That thing about the serial numbers should be on Snopes by now. BY the time enough countries go bankrupt to make the euro fail, it won't matter what the serial number is. Before that point they will be equally honoured by the ECB, and after that point they will all be worthless
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| Thornyhill wrote: |
| the dollar should be kicking the living poo-poo out of STG at the minute...... it is merely giving it a bit of a dirty look. Maybe it is down to a lack of confidence in everything, but once you have decided that you know what should happen, something should look attractive. At the minute there isn't really anything giving STG the run that should be happening |
Sterling has only been priced below its current value for about 3 months over the last 10 years, the US is borrowing its way out of recession to increase its trade and to take full benefit of that it needs sell products and therefore needs a weaker Dollar to encourage exports and discourage imports. The Yuan has basically been pegged to the dollar at an artificially low rate and it has been reported that China is going to loosen this peg, they would only do this if they feel the dollar is going to fall considerably over the next few years. All of this suggests that US is going to weaken the Dollar.
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FAQ
