 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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Closed around 1.22 today
August - up to now, is averaging the highest monthly since Nov 2008
Either we're going up or they are going down, but either way, not looking too bad even with the odd blip here and there, as a geberal trend.
Tempting fate maybe.
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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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Wayne, 1.19 
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rayscoops, it was £1.22 when I last looked. Vaguely worrying from a business point of view - I'd have preferred it to be topping out at £1.20. Maybe with the German economy doing so well, the market will take the point that the Germans can afford to bail out Greece, and the € will start to climb a little.
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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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achilles, I think you are right at 1.22, but it is down a little today so far. Seems like a reasonable rate to do business and German good quality exports must be selling well
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rayscoops, 1.2167 on the BBC ticker right now. Yes, I am sure the company can live well with that exchange rate. I wouldn't like to see the £ approaching previous highs against the €, though.
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1.207 on crown ex, need to buy quite a bit for next coming year(£5k+) , starting from september, thoughts on wether to buy a bit or all now ???
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Neilski, tough one really. but I think it will bob around the 1.19 - 1.22 range for a while, it seems content at this level  Both the Euro and Sterling seem to have been increasing against the dollar in equal measure which suggests some parity with each other
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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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Just been to a presentation by the Bank of England and they showed a slide about traders perceptions of real value of euro, sterling and dollar. Results - dollar about what you would expect, euro around 20% high and sterling about 10% lower then perceived value. My take was that as perceptions and reality converge sterling will appreciate to the euro.
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stevew, does that mean we will get more or fewer euros to the pound?
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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sterling will buy more euros - better
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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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Stevew,
I was trying to decide like Neilski too buy now or wait till late november,which is only three months away.Its not a super serious difference for myself but a beer won on currency ex probably does taste better in resort.
The pound seemed to weaken against the euro,(less euros for the pound) in the lead up to xmas the last three seasons,but had, previous summer highs,this has me thinking,buy some cash now instead of using the atm in dec/jan!.
I often wonder how the pound will hold up givern the same massive debt and the volitile economy at pres,these things are not going away in months or by jan 2011 .
I really can only take a uninformed punt of course but gut feeling is, it may be similar in the lead up to xmas , although the only possible major change would be a increase in interest rates.
Not sure on that base rate increase or importantly if it would mean less euros to the pound?.
Does anyone else go on gut perception I certainly don,t believe what we are feed in the news.
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stevew, I fear so too. Still it's been a good run at low rates for business - and at least ski holidays will get cheaper.
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You know it makes sense.
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1.225 ish today
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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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Its peaked chaps. Take a look at the option prices.
If you want some, buy now.
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Poster: A snowHead
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bar shaker,
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If you want some, buy now.
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I do. Are you sure?!
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Hurtle, there are no sure bets in this game 
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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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Hurtle, purchased @ euro 1.2115 (actual) enough for 2010, will wait and see what 2011 brings 
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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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Down today, natch, while I was dithering.
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Hurtle, notwithstanding my fervent hope that bar shaker is right, my own guess is that the € has a bit to fall, yet. We shall see. Keep Calm and Carry On. 
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Its got here because the markets feel a new government will deal with the fundamental problems with the UK economy and because the BoE will restrain inflation.
The first is still the case but it will bring problems that had unintended consequences and the second is just not going to happen for some time. Inflation is the easiest way for governments to pay down debt and this one, like all other colours of government before it, will be no different.
The markets know how grim Europe is, they now know where the UK sits and a small correction to sterling will happen. 1.19 maybe 1.18, nothing worse (better - if you export).
This advice is worth what you paid for it.
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Just bought a FairFX card and loaded it with £300 worth of Euros, at 1.2025.
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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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Who bought some about the 19th July then? Anyone?
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| bar shaker wrote: |
| .......Inflation is the easiest way for governments to pay down debt and this one, like all other colours of government before it, will be no different...... |
On the whole I agree with that, though how they have managed to get the MPC on board is something I don't quite understand.
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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The NTWD visa credit card purchase only, would have been at 1.2261 on tue 24th for comparison.
This is from the visa web site.
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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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pound dropped over 0.5% against the euro this morning as soon as the market opened in London
.509234% to be almost exact
why ?
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stock markets rising today, so the recent rise in Dollar as safe haven from falling stock markets not so critical, money moves from Dollar in to other currencies (£ up against Dollar, Euro up more though) and Euro is one of the lowest/best chance of upside. Just part of the money moving merry-go-round process that makes all this work ... or maybe some big hedge funds have just cut their hedge
alternatively never ask 'why' because there is not always and answer, 
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You know it makes sense.
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Puts in in perspective, I'm thinking about buying something very modest in the Alps at the moment. Every 0.01 change makes a difference of £600 on the deal. 
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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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Colin B, just remind yourself how much cheaper it is now compared to 6 months ago
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Poster: A snowHead
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back up to 1.20 this morning
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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1.2050 aticle in the wall st journal saying what everyone knew anyway, that the euro bank stress tests where basically a fudge.. but no one likes to actually read the truth!
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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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CANV CANVINGTON, Euro having a rough old day all round and not just against sterling !
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You need to Login to know who's really who.
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1.2175 and so it continues euro swiss 1.2790 !! its doomed just a matter of time
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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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CANV CANVINGTON, Euro has been sliding quite dramatically against the Yen over the last month and heavily over the last 2 days, it will soon be cheaper for the Japanese to ski in France than their home country 
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hmmm interesting, need to get £800s worth of Euros for a January trip... to get them now or to get them in November/December... tough one
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snowscreen, I've got my season pass to buy before the end of October too.
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ireland and anglo irish todays story
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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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| CANV CANVINGTON wrote: |
| 1.2175 and so it continues euro swiss 1.2790 !! its doomed just a matter of time |
The Euro is not Doomed.
The Euro is the Deutsch Mark in disguise & for that reason it will not fail.
Some countries may have to leave the Euro and find there own way but there are others that are strong i.e Poland that will join probably 2015 and Czech Republic 2019 & the Baltic States once this is clearly happening I can see Sweden & Denmark holding there referendums and joining very quickly.
The euro has been the second most widely held international reserve currency after the U.S. dollar
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stanton, germany, holland, belgium if it can stay together as a country, austria they wil be fine bu their curencies have been pretty much fixed foe years before the onset of the euro as their economies and cultures are the same..
Denmark could work but i think politically its a tough sell to the danish .. the rest you mention wil be in the same boat as spain italy ireland portugal greece in 10/15 years if they sign up . well unless the germans throw money at it instead of the luftwaffe
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FAQ
