Spanish social security

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17 Jan 2008 12:00 AM by alanwspencer Star rating in Hertfordshire/Duques.... 340 forum posts Send private message

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Still undecided at this moment whether to complete or not but it looks as if my hand may be forced. The Pound Euro exchange rate is so bad now that it just isn't viable at the moment. I should have bought ahead at a fixed rate as I am sure many of you have.

After all the agonising over various issues it seems ironic that I may be forced into a decision simply because the pound is so weak against the Euro.
Alan

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17 Jan 2008 1:44 PM by colinf Star rating. 20 forum posts Send private message

Presumably you're in the 'fortunate' position of not needing a mortgage and need to convert a signifiacant sum of sterling onto euros. For those requiring a mortgage, it's not quite as bad because, although we will have to transfer funds to our Spanish bank accounts, the sums involved are obviously smaller. HOPEFULLY, when the pound eventually strengthens, things won't look as bad for those of us with mortgages!


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18 Jan 2008 5:12 PM by wflem007 Star rating in Bangor, Northern Ire.... 285 forum posts Send private message

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Alan

International Bandits R Us reckon on a one for one currency exchange sometime later this year, so if you think today's rate is bad, 75p.........

We bought currency last year at 62p, I think, and I wasn't sure that was a good rate at the time so it just goes to show it's a matter of luck.

 



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