 Poster: A snowHead
|
Seems to be getting weaker by the day 
|
|
|
|
|
|
Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
|
|
It will vary a bit here and there, and make no more than about 1-2 beer's worth of difference on a 1000 GBP ski holiday.
|
|
|
|
|
|
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?
|
andy, you must buy expensive beer. On my last two bank transfers, the difference on £1000 is €60.
cockofthenorth, if any of us knew the answer to that question we'd be out there making a fortune, not reading SHs. 
|
|
|
|
|
|
You need to Login to know who's really who.
You need to Login to know who's really who.
|
I called in the post office yesterday to top up my euro fund with about £350.
PO rate was 1.07, and the travel agent over the road was selling at 1.15 meaning I got a full round, never mind a few beers!
|
|
|
|
|
|
Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
|
wow @ 6% difference
In that case, GBP is fubared more than the worthless euro 
call it 10 beers then
|
|
|
|
|
|
You'll need to Register first of course.
You'll need to Register first of course.
|
|
It will go down a bit followed by up a bit. Or the other way round.
|
|
|
|
|
|
|
|
buy all your beers now using a credit card. you'll have hedged against currency fluctuations and they'll all be lined up waiting for you when you arrive 
|
|
|
|
|
|
|
|
On the plus side, I'm getting more worthless GBPs in my split currency salary 
|
|
|
|
|
|
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.
|
|
It looks like the £ is going down against most currencies for a while.
|
|
|
|
|
|
|
|
You could try hedging using other currencies.
If you have cash in a UK bank, and you can set it aside ie you don't need it imminently, putting some of it into something like Swiss francs can be a good shout.
Long term - 10 years or so - the Euro will IMO be gone. It is impossible to sustain, and, if it's impossible to sustain it, it will not be sustained. The only question is how long.
In the meantime, the £ will travel up a bit and down a bit and be hard to predict. The same is true of the US $.
In the short and medium term, I *think* the Swiss franc will hold and increase its value vs both the £ and the €, not least for reasons of inflation, though the Swiss government is obviously reluctant to let it get too strong.
Buying costs you money (commission) on the trade, but the store of value remains and it's easier and quicker to convert into £ or € than gold or other less liquid assets.
|
|
|
|
|
|
snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
|
| Quote: |
In the short and medium term, I *think* the Swiss franc will hold and increase its value vs both the £ and the €, not least for reasons of inflation, though the Swiss government is obviously reluctant to let it get too strong.
|
The Swiss Gov have made it clear that it will be maintaining the CHF a 1.20 Eur regardless of the cost.
|
|
|
|
|
|
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.
|
| Fattes13 wrote: |
| Quote: |
In the short and medium term, I *think* the Swiss franc will hold and increase its value vs both the £ and the €, not least for reasons of inflation, though the Swiss government is obviously reluctant to let it get too strong.
|
The Swiss Gov have made it clear that it will be maintaining the CHF a 1.20 Eur regardless of the cost. |
At a ceiling of, Fattes, though I think they've hinted at 1.25 (and actually some people think it will soon hit 1.3)?
Which is why I included the caveat re the strength of the franc.
But then governments say they're determined to do things all the time, and the markets often dictate otherwise.
The key question - leaving aside the fact that it's a three way deal ie GBP to CHF to EURO, and what happens to GBP is important - is what will happen to the Euro, of course.
If or when it gets as bad as I think it might then some asset other than currency is probably advisable, but in the meantime I think currency is a good bet and once it isn't - ie *if* it gets that bad - then the only people going skiing are the people living on an alp, and they won't be doing it for long because they'll all starve to death/get fed of walking up mountains because there's no lifts.
(I do tend to the apocalypic view vis a vis the Euro )
|
|
|
|
|
|
|
|
Hmm, decided to pay in advance the total for my Easter ski holiday based on the announcement on Friday, fingers crossed it will pay off!
AAA loss: Pound falls as markets react to downgrade
The pound fell to a 31-month low against the dollar and a 16-month low against the euro
|
|
|
|
|
|
|
|
FAQ
