What is the best thing to do with Euros ?

silka | 16:35 Wed 28th Dec 2011 | Personal Finance

33 Answers

I have about 3000 and no chance at present to use them in a euro zone.
I really want to put them in my bank account here, but I am told I will lose a lot on the value

Halifax xmas regular saver bond

credit union

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silka

Question Author

I changed at the PO I got 1.33 for changing the euros into stirling cash

boxtops

That's not a bad rate, silka!

silka

Question Author

Yes I paid about 1.09/1.11for them about 4 months ago

AlBags

Best place is probably Post Office.

diadem01

Silka didn't say how he (or she) obtained the Euros. If they were bought here, at what rate were they bought. Without this information no-one can realistically advise what best to do.

3000 Euros can be changed at a rate of 1.27 to the pound currently and will probably move to as much as 1.40 over the next few weeks or so. I would sell now.

boxtops

she already has - see post ^^12.35pm

joggerjayne

Open a Euro bank a/c.

You'll never have to worry about Ex Rate fluctuations.

dennisb66

You would get back £2,255.64 for your 3000 euros today at the post office.Change back rate is 1.33euro.

dzug2

I'm still not clear whether OP thinks she has done well by buying at 1.09 and selling at 1.33.

In absolute terms - no, that's awful.

In the current situation maybe.

silka

Question Author

Who is OP ?