Tag Archives: bureau de changes
Spain Worries Weighing Heavily on the Euro
So yesterday the Spanish bond yield once again climbed, this time to Euro-era highs, 7.63%. It has been said that if they reach 8% then the ECB will freeze them out the market and I believe this will weaken the Euro significantly as it will mean Spain will almost certainly need a full-scale bailout. Catalonia joined Murcia and […]
Spain On Fire as Greece Smoulders
Spain So 2 of the 17 regions (Valencia and Murcia) in Spain have now formally requested help from their central government to help them with their debt. It started on Friday with Valencia and quickly spread to Murcia by Monday, this sparked fears by investors that a full-scale bailout for Spain would be soon requested. Spains […]
Medicine Worse than the Disease: Eurozone Crisis Deepens Further
The Pound remained relatively flat against many currencies yesterday losing slightly against the Dollar as flight to its safe haven took off. There was very little in the way of economic data for the UK, so reaction from the Greek elections seemed to be the main driver. Reaction to the election echoed the week before […]
Daily Newspaper Currency Exchange Rates Comparison
Above I have highlighted where the paper believes an individual should achieve as an exchange rate. Many people use the paper to follow what they can achieve from the current currency market conditions. The mid-market rate is not achievable by an individual but when moving a larger sum (£200,000 for eg) you would hope to get closer […]
Daily Newspaper Currency Exchange Rates Comparison
Example If you are moving £200,000 into Euros (house purchase, investment, asset etc.) the difference between getting the tourist rate and the mid-market level (as can be seen above and left) is €14,000. The mid-market rate isn’t achievable as a buying price to individuals but I can get you a lot closer to it than the tourist […]
