Best place to obtain euros?

[birdie73]

I shall be travelling to Austria in June & wish to take some euros with me, where do I get the best exchange rate.

[237SJ]

According the the financial pages of the newspapers, the best exchange rate is at Eurochange if you have one of those near you

[joggerjayne]

Open a Euro Account.

When the exchange rate is good, top it up.

Then you can sit back and gloat when people moan about the exchange rate.

Maybe a bit late for June this year, but ... if you do it ... you'll thank me next year !

[dzug2]

You walk round your local High Street until you find it - there is no one outlet that is consistently best. Sometimes some of them will price match

Better is to find a friend who has been and buy his surplus for a rate that cuts out the BdeC loading for both of you.

[birdie73]

Thanks 237sj, joggerjayne & dzug2 for your helpful advice, will make enquiries,

[joggerjayne]

Look how volatile the Euro rate can be ...

http://www.x-rates.com/d/EUR/GBP/graph120.html

When you buy, buy extra. If GBP continues to strengthen, buy more again.

If the Euro strengthens, spend them. Or ... swap them back and make a profit.

You can easily make a profit on currency speculation IF(!) it is not imperative that you re-convert the currency at a better rate.

And, in our case ... it is not imperative because our fall-back position is that, at some time in the future, we will actually spend them.

[birdie73]

Thanks for that advice joggerjane will consider what you say but will possibly not be travelling very much .However will pass that on to my much travelled daughter.