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post #11 of 17 (permalink) Old 01-01-2021, 15:47
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For many years I imported stuff from the Netherlands. One of my main suppliers, a clever and erudite man, became a very good friend. A few years back I asked him to quote for material for a contract we had won, which he did. A few weeks later he called to ask when I'd be ordering the stuff. I said I was very sorry but the order would have to go to a UK company as I just couldn't pay his prices.

Typically direct, as I've found the Netherlanders to be he answered "the problem is not with my prices it is with your currency and the continuing decline of Britain which has been ongoing since around 1900."

When I started importing the rate was almost five guilders to the pound. It had dropped to around 2.3 by the time the Euro came along.
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post #12 of 17 (permalink) Old 01-01-2021, 17:04
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When the € was ntroduced it was worth around £0 60, it is now around £0.85......

At the time it was introduced in 1999 it was trading just above 1.40€ to £1

Currently around 1.10 € to £1

Lowest ever 1.02€ to £1 - in 2008 when the Banking crisis started....

Highest rate 1.752€ to £1 on 3rd May 2000 amid trader concerns that the € would not last after its introduction in 1999

The value of the £ dropped by 16% in the four months after the Brexit vote and 6% on the day of the result. Over the past few years since the vote, it has averaged between 1.10 and 1.20 with the lowest being 1.06 on March 20 2020 and the highest 1.2026 on 18 February 2020.

I wonder what was happening between 18 February and 20 March ? Oh yes CoVid delays....

Any typo that I make means the errorists win.

Any comments above are only MY OPINION and should be read as that.

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Last edited by Penquin; 01-01-2021 at 17:06.
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post #13 of 17 (permalink) Old 01-01-2021, 17:50
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At 85p I'll buy some. I'm being quoted 90p.
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Brexiters. It's your sh1t now. Whatever happens nationally and internationally you own it. I wish you luck. I think you're going to need all you can get and then some. Friday 13th December 2019.
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post #14 of 17 (permalink) Old 01-01-2021, 18:29
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I wa quoting the rate I was sent today, but you always get slightly worse than that....

Any typo that I make means the errorists win.

Any comments above are only MY OPINION and should be read as that.

http://www.leslezards.co.uk
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post #15 of 17 (permalink) Old 01-01-2021, 18:34
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Quote:
Originally Posted by Penquin View Post
I wa quoting the rate I was sent today, but you always get slightly worse than that....
Do you only deal with the bank Dave or if not where?

I use currencyfair, but there is another with even better rates than them which I will switch to if I can find it again
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I'm Jan
We learn something new every day.
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post #16 of 17 (permalink) Old 01-01-2021, 18:50
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My figure came from an internet notification I get every day, it may be an inter-Bank rate and as such totally unobtainable for mere mortals.

We actually use Smart Currency as we have found them quick and efficient, yesterday we got 1.105 on our transfer
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Any typo that I make means the errorists win.

Any comments above are only MY OPINION and should be read as that.

http://www.leslezards.co.uk
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post #17 of 17 (permalink) Old 05-01-2021, 16:10
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One of my accounts is a multi-currency one with Revolut. You can see the trend in their app. The decision is still yours
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