 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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On a recent US trip, whilst the exchange rate might have a feelgood factor I know I didn't spend any less - just had the extra beer, bigger lunch, more expensive hat(!) - unless you are trying to do it on the minimum possible budget then there's a fair chance you'll adjust your behaviour accordingly - so its soup and a roll in France this year for me instead of the plat du jour! 
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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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i got 1.31 at travelex, pickup at the airport on saturday, if thats any help to any1??
Not sure if thats great or not , but certainly not bad at present rates 
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alexsam97, Traxelex is half a cent lower today. I shall see what tommorrow brings, perhaps markets were anticipating a lowring of uk bank rate.
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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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Crux of the matter is this:
I have to pay 10,000 Swiss francs to a Swiss hotel, half in the next week or two and the other half four weeks later .... or I could pay it all in one go.
Do I bite the bullet and pay it all now, or pay half now, bank the rest for a month then see what's happened with the exchange rate then ?
Reading posts above, the doom merchants are shouting the loudest, I'm leaning towards paying the whole lot now. Any advice ?
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You'll need to Register first of course.
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| masmith wrote: |
| To the financial experts out there: If, as predicted, the Bank of England lower the interest rate today and in the next few months, what effect is this likely to have on the € and/or Swiss Franc exchange rate ? |
they diodnt change in the end:
http://news.bbc.co.uk/1/hi/business/7180758.stm
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masmith,
I'm in a similar position with an Austrian hotel, It's a case of better the devil you know I think.
The hotel took €1200 deposit off me twice and have apologised profusley and said they'll transfer it back to me and pay any transfer costs, I might now tell them thanks but no thanks just to deduct it from the final bill (€1.38 to the £ at the time)!!
joe
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joe1978,
| Quote: |
| I might now tell them thanks but no thanks just to deduct it from the final bill (€1.38 to the £ at the time)!! |
... without a doubt !
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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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| Frosty the Snowman wrote: |
| alexsam97, Traxelex is half a cent lower today. I shall see what tomorrow brings, perhaps markets were anticipating a lowering of uk bank rate. |
O darn it, dropped to 1.295 now 
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Frosty the Snowman, I thought it might recover a little bit if rates stayed the same, looks like they are still expecting a rate cut next month.
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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Frosty the Snowman, thats a bummer, I ordered mine this lunch time and it was franctionally under 1.31, got 525euros for £402.27, so looks like the market is changing pretty quick, for the worst 
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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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Helen Beaumont, the value of your place in Monetier has risen by 10 per cent as a result of a weak pound. 
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chris, exactly. . Swings and roundabouts........... . Fortunately I take all my rental payments in Euros direct to my French bank account.
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You know it makes sense.
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Things are looking up for the Euro users such as I
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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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Timmaah, other friends are worried that they will be unable to sell, as the exchange rate will put off UK buyers.
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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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Helen Beaumont, et al - great thread. I have taken action and applied for a Nationwide FlexAccount online today!
Thanks
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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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thefatcontroller, that's good right now. I just got 1.28 over the counter at RBS (no commission or charges are applied). Still, I don't care, I'm off.
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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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AxsMan, that's uncannily similar, you stalking me?
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AxsMan, where you going anyway?
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Bode Swiller, Maria Alm.
First Trip to Austria so looking forward to it a lot. Snow depths look OK and although there's a bit of a mix forecast it looks like a reasonable dump tomorrow night is on the cards. Planning on cruising the Hochkonig runs for a couple of days and then using the shuttle buses to have a look at the rest of Ski Amade. Sounds like an interesting area to spend some time so if it proves to be as good as we hope will probably visit again next year. Where are you off to?
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AxsMan, Kitzbuhel for a few days. I'll yodel at you from the top. Only been to Maria Alm in the summer. Nice place. Don't forget to drop into Saalbach Hinterglemm as well... not far away. Enjoy.
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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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The thing is will it recover or will it fall further - should I buy my Euros and swiss francs now or wait a few more weeks until closer to when we go? Luckily I had some leftover from last year and think I've around £40 of Euro's and nearly £100 of SwFr still in my cache somewhere.
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Megamum very unlikely to recover. The consensus seems to be that uk interest rates will be cut next month and in addition it seems almost certain that the Eurozone rate will increase. One can only speculate as to whether these events are already priced in to the currency markets but i think you can safely assume the exchange rate is not going to swing in your favor enough to make any kind of difference for some time.
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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Loving it, my fish and chips are getting cheaper by the day.
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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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I had fish N chips for dinner  bought with luvverly jubberly £££££ though not €.
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Megamum, do you really care?... you have a roof box full of food remember 
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You know it makes sense.
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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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My dad gave me a load of Euros for xmas. Lovely
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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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Bizarre thread, it costs what it costs. Carry a credit card and worry about it later.
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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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Ghost Dog, you on £6 an hour with 2 kids?
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You need to Login to know who's really who.
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Bode Swiller, Yes, I do don't I - and mostly already bought and inflation proof  Don't want to pay through the nose for lift passes though if I can help it though.
Lizzard, its a cash only resort - no facilities to use a card anywhere - it is very 'quaint' as you put it
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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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Megamum, funny how such places manage to find the credit card machine when you point out it's all you've got! I can't seriously accept that any resort is cash only these days.
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Bode Swiller, I've been twice now and used 100% cash each time. My Swiss friends haven't told me that the situation has changed any.
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Bode Swiller, Italy! Even the bl##dy petrol station in Courmayer is cash only 
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You can't get better than spot rate unless you've bought forward. That's the same wherever you are, UK or abroad. Use a card that offers spot rate - most UK debit cards and the travellers favourite, Nationwide. Note, this is not the case for the main UK credit cards that will hit you for several different fees plus interest depending on what you're doing.
Beware of the latest "offer" to travellers in many parts of the world including the US and Switzerland. You might well be given the option (this includes UBS ATMs) to be charged ££'s rather than the local currency for your transaction. What you are seldom told is that to provide you with this helpful service, they will do a currency conversion at a rate of their choosing. You can guess the rest...
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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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There was an article in the Telegraph yesterday about this. Their recommendation is to avoid buying in the uk & use ATMs or your debit card instead, the suggestion being is even with any relevant charges you'll still get a better exchange rate. What they also said was to avoid paying in stirling if you're given the option because that rate will be poor.
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Just as an aside, following the above advice by the Telegraph I was looking at these pre-paid Visa cards as an option. The Post Office card looks to be the best for what I'm looking for. Anyone had any experience?
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FAQ
