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ferryman
14 Nov 09 10:44
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Date Joined: 24 Dec 03
| Topic/replies: 55 | Blogger: ferryman's blog
Any advice please on putting some cash in Euros e.g. cheapest way of putting £2500 in them now to cash next summer.
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Report getting better November 14, 2009 11:08 AM GMT
Do you mean you want the euros next summer or that you want to change them back into pounds then?
I think the cheapest way to buy Euros is to open a Nationwide account and fly to Dublin for £5 with Ryanair and get them out an ATM.
If on the other hand you want to bet on the exchange rate movements then open a spead betting account.
Report supersavo November 14, 2009 12:02 PM GMT
Not sur if this would suit your purpose, but i went to Lnazarote last week ansd instead of buying travellers cheques, euros at airport etc, used a currency card which i obtained from fairfx.com.

Loaded £1000 on it, which gave me 1085 euros at the time ( they reckoned i got 73 euros more than if i changed money at airport/high st etc )

withdrawals from atms cost me 1.50 euro each time..
Report ferryman November 14, 2009 2:35 PM GMT
Thanks for replying. I suppose I was thinking more in terms of punting on the exchange rate so I'd better look at spreads, but this would be a new method to me so I am hesitant.
Report Mrben November 16, 2009 8:21 AM GMT
lol ferry man if you intend trading curriencies with 2500 euro as your account size I suggest it would be more beneficial to give your money to the rspca.Tiny accounts like that are lambs to the slaughter.You have lost it all b4 you even start.Why? leverage will wipe you out 2 quick.Go to a currency exchange merchant and badger him down to the lowest possible rate.Or tell him what youu want to do and he might feel sorry for you and give you a good rate.Forget about opening up any spreads accounts.
Report ferryman November 16, 2009 7:56 PM GMT
Thanks, I believe you may be right! So I better stick to Lloyds Int'l saver in Euros, or a European Fund (like Jupiter).
Report SuperGlue November 16, 2009 8:10 PM GMT
supersavo 14 Nov 13:02


Not sur if this would suit your purpose, but i went to Lnazarote last week ansd instead of buying travellers cheques, euros at airport etc, used a currency card which i obtained from fairfx.com.

Loaded £1000 on it, which gave me 1085 euros at the time ( they reckoned i got 73 euros more than if i changed money at airport/high st etc )

withdrawals from atms cost me 1.50 euro each time..


Oh dear :D
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