British tourists heading to Mallorca have found an unusual ally in the pound sterling which reached a two-year-high against the euro this week. What is more London currency traders expect the upward trend to continue against the single currency which will make a Mallorca holiday cheaper.
Stronger sterling gives British tourists a lift in "expensive Mallorca"
Pound reached record high against the euro
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8 comments
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Stan The ManIf you live here, why are you using a British credit card? Of course you'll get hammered for using a non Euro card. Do you not have a Spanish bank account? From your comments over time, I'm guessing you're a pensioner - please forgive me if I'm mistaken. If this is your situation, I'd strongly recommend opening a 'Wise' account which is free. Assuming you are receiving your pension in a U.K. bank account, move any money you don't need in your U.K. account to your Wise account. You can then transfer that money to your Spanish account at anytime you like keeping an eye on the exchange rate to get the most Euros for your Sterling. I'm neither a pensioner nor do I have any connection with Wise other than having used them many times and being exceedingly impressed with their service. Totally transparent, they show you exactly how much you will receive in Euros. They use the mid-market rate plus a very small commission. It usually takes between 5 and 10 seconds to arrive in your Spanish account. wise.com
Morgan WilliamsComplain ? Moi ? I have said on numerous occasions that I welcome them. The more the merrier. They prove that my comments are being read, understood and thought about. A bit like the reviews on Amazon. Mine normally receive *****
Stan The ManDo tell.
Morgan WilliamsMany Thanks Morgan. For your well balanced and welcome advice.
Those 2 or 3 cents per pound must make such a difference, NOT.
Stan The ManStan, I don't know why anyone would object to your comment. There's nothing objectionable about it. (WTF?) I wouldn't take it personally or even pay any attention to it. But there's a sort of an unwritten rule in social media that complaining about that is really bad etiquette, and will only attract more of it. Ask Richard about that.
Oh dear the "Thumbs Down " people are always going to mark my comment down. We know who they are !!.
Although the Exchange rate has reached 1.20 Euro to 1 Pound. On my Credit Card they search for the lowest Exchange rate , for that trading day.. The ATM s will always increase their costs for money withdrawal, as the rate increases.