Gran Alacant Forum

Gran Alacant Forum => General Discussions => Topic started by: kevinb on December 13, 2019, 09:48.

Title: Pound Euro
Post by: kevinb on December 13, 2019, 09:48.

Well after the election result i've seen 1.1875 euros to the pound.

Title: Re: Pound Euro
Post by: masmu on December 13, 2019, 18:27.

Yes Kevin.  Bank rate was at 1.20 at one point.  Great if you're buying - not so good if you're selling, but more spending money when you're there.

Title: Re: Pound Euro
Post by: kevinb on December 13, 2019, 19:05.

Good for UK pensioners living in Spain and being paid in Sterling

Title: Re: Pound Euro
Post by: Maricia on December 13, 2019, 20:44.

Improving but we based our retirement on the average 1.50 back in 2005 which we once received on average, and not as good as the 1.62 when we signed for our property in 2002.

BW

Maricia

Title: Re: Pound Euro
Post by: wilson on December 15, 2019, 18:53.

Since the euro started we’ve had highs of 1.50 and lows of 1.02 with everything in between, some bought at 1.50 and sold at 1.02 with the conversion made a profit. My advice to any new buyer is only buy what you can afford and don’t rely on exchange rates to fund retirement if the sums are tight.

Title: Re: Pound Euro
Post by: masmu on December 15, 2019, 21:34.

Good advice Wilson

Title: Re: Pound Euro
Post by: wilson on December 18, 2019, 09:10.

The only people that do well are the currency traders who spend half the day pushing the rate up then the next part pushing it down to make a profit, then repeating the process every day. Unfortunately us mortals are just along for the ride.