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Dave J wrote:Sure is a strange 1 how a currency can take a bashing economy wise yet still retain a certain level of strength. Prehaps some of the other Euro countries are recovering better than expected and thus offsetting any downward direction that Portugal may have taken.

Agree Dave and Germany's economy is steaming ahead, but they and France and paying a high cost for all these rescue plans. Maybe they will let the euro slide to a more realistic level to help their growth, or the money men will do it for them. But I aint holding my breath.

I think Germany is actually financing these bailouts ? So their economy must be pretty strong

I've got by fingers crossed for a euro crash before mid may - not holding my breath though

Germany is by far the stongest of the european nations like,So much so they can go it alone if this euro thing fails,KD.

Kingdoc wrote:Germany is by far the stongest of the european nations like,So much so they can go it alone if this euro thing fails,KD.

I note at the weekend KD the $ has taken a tumble to arround $1.65, I think, to a £. I only got $1.49 to a £ back in December. Maybe we wiil all be going to California instead of Amdam in the near future

Strange, mid way through the trading day thought I'd check the rate to note the rate of exchange is getting worse and not better like I expected. Post Office website rate is currently €1.1005!.

So easy to see how traders can lose millions at a single buy or sell on the currency markets. I'd be highly puzzled if things dont turn the other way by a cent or 2 by the end of tomorrow after the troubled news for the Euro last week.

I went to my Western Union office today to pick up a transfer from a friend. It was 100USD and the woman behind the desk gave me 100GBP I just shoved it in my pocket and walked out as quickly as I could. I thought for a second, "Wow nice exchange rate"

Dave J wrote:Strange, mid way through the trading day thought I'd check the rate to note the rate of exchange is getting worse and not better like I expected. Post Office website rate is currently €1.1005!.

So easy to see how traders can lose millions at a single buy or sell on the currency markets. I'd be highly puzzled if things dont turn the other way by a cent or 2 by the end of tomorrow after the troubled news for the Euro last week.

It would be nice to see it rise somewhere between .74-.76 range instead of the current .69 to the Euro.... but who cares, I'm on vacation.

AzLaker

tpelling wrote:I went to my Western Union office today to pick up a transfer from a friend. It was 100USD and the woman behind the desk gave me 100GBP I just shoved it in my pocket and walked out as quickly as I could. I thought for a second, "Wow nice exchange rate"

Nice one TP. Normally I would say you should have told the clerk the mistake. But as it is a bank, what the fuck. Look what they have done to us all. We may be paying for their greed for years to come. And they continue to take the piss. Fill ya boots mate. The Brits are clapping

Haha! yeah. I probably would have said something if it had not been for the lipstick wearing and orange skinned twenty something idiots behind the desk

tpelling wrote:Haha! yeah. I probably would have said something if it had not been for the lipstick wearing and orange skinned twenty something idiots behind the desk

Oh mate. Pissing myself. I fucking love it You look after them bills. They got our Queens boat race (face) on em!

Well as soon as the Euro strengthens a bit, I'll be getting myself around 50 euros worth of Grass more, courtesy of 'Chantelle' or some name along those lines

You never know, when you go back 'Chantelle' may be in post menstraul mode. Then you may double ya money again

davex4 wrote:You never know, when you go back 'Chantelle' may be in post menstraul mode. Then you may double ya money again

HAHAHA!!!! I might leave it for a while, if I need to pickup anything again I'll go to the middle-life crisesed Jedi up the road!!

A very slight swing in favour of the £ as the rate vis the Post Office is currently €1.1012. If it does'nt drop below the €1.10 mark then I think I'll hold onto changing and take everything and change when I get there next week in the hope that the rate will have more likely improved be then than it might this week.