Pont Noir

How are you with planning your currency transactions? Do you manage to buy at the right time or do you just get it when you need it?

Have a punt at what you think a pound will get you on 31st December 2012 (market mid point rate).

We don't get a choice as it's done automatically. But isn't it annoying the rate always seems to dip on the first of the month when we need it up. It's a conspiracy!

Possibly a conspiracy, but possibly just the All-Wise Invisible Hand of the Marketplace....if demand for euros goes up at the beginning of the month (due to folks selling pounds at that time to buy them), one would expect the increased demand for euros to raise their price. Perhaps you could arrange for your transfers to be done at the end of the month, if you suspect that something is jacking up the exchange rate at the beginning of it.

I had to look things up for today's rate in order to make my guess. I always do it the other way round. i.e. how many pennies (pounds!!!) do you get for your euro? I remember fondly when I used to convert stuff I had bought for the business from euros to pounds at 66p. Liitle did I know...

We find life very expensive in France now and when buying things I just go for parity with a bit knocked off mentally.

Can people remember when we used to get 10 francs to the pound and French supermarkets were like an Aladdin's cave of bargains? Happy days...

Annik

The rate on 31 December 2012 was in-fact 1.23260. A rate that looks pretty good right now. Well done to those that guessed correctly all that time ago.

And by the end of this year?

1 Nov = 1 GBP = 1.1828 EUR