Online Currency Exchange | Pounds to Euros Specialist | Buying Property Abroad Specialist | Money Transfers Overseas

Euro to Pound Exchange

Euros to Pounds

Euro to Pound Exchange Quotes

Pounds to Euros Quotes

Euros to Pounds Quotations

Foreign Exchange Quotes | Pounds to Euros Quotes | Dollars Pounds Euros - Quotes

0% Currency Exchange Commission - No Fees - We'll Beat Any Other Quote

No Obligation
Currency Quote

Name:

Phone:

Start Currency Amount:

End Currency:

Email:

Repeat Name for Security one more time please to avoid spam... thank you for your patience:

Comments:

Enter your details above and we'll call you back

CURRENCY TABLE

Supplied Courtesy of Go Currency

Want a Quote for Currency Exchange?

Currency Exchange Quote

Euro weaker on credit mess

7th October 2008

The euro weakened Monday as the credit crisis spread to Europe and banks there headed for bailouts while the yen saw gains as investors deserted carry trades amid chaos in the markets.

In Germany, a group including the German government and private banks and insurers mounted a rescue of Hypo Real Estate Holdings (FWB: HRX), the second largest lender on commercial properties in Germany, while BNP Paribas (Euronext: BNP; TYO: 8665) stepped in to take over Belgian units of Fortis (EuronextAMS: FORA; EuronextBRU: FORB; LuxSE: FOR) after a government rescue fell through.

In late morning trade in New York, the euro was worth Ľ137.0184 while the US dollar traded at $1.3516 to the shared currency.

The pound was also up in relation to the euro, to 77.8p to the euro, while the shared currency declined in relation to the Swiss franc, to SFr1.5482.

The greenback was lower in relation to the yen, with the yen trading at Ľ101.375 to the dollar while the Japanese currency was up to Ľ72.7011 to the Australian dollar and to Ľ46.938 to the Brazilian real.

The real was down to its lowest level in nearly two years, trading at R$2.162 to the US dollar.

The Canadian dollar, meanwhile, was down on falling oil prices and a decline of 13.5 percent in the number of building permits issued in August, against an expected decline of just 1.5 percent.

At nearly noon in New York, the loonie traded at C$1.1028 to the US dollar.

Courtesy:currencynews.co.uk/20081006-675.html

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation
The pound tumbled against the dollar and British banking shares were hit in London as the nationalisation of Bradford & Bingley underlined the weakening state of the UK economy.

By Angela Monaghan
Last Updated: 12:41PM BST 29 Sep 2008

Within hours of trading opening in London, sterling was down almost four cents against the greenback to $1.8036 - the biggest intraday decline in 15 years.

The news that the Government has taken ownership of the UK's biggest buy-to-let lender also left banking shares reeling, with HBOS down 8pc, Barclays and Lloyds TSB 7pc lower, and Royal Bank of Scotland more than 10pc lower.

Housebuilders failed to escape, as investors targeted companies with exposure to the UK consumer. Taylor Wimpey was off 11pc and Barratt Developments down 6pc. Overall, the FTSE 100 had fallen almost 3pc to below the 5,000 level by late morning and the FTSE 250 was off 3pc.

B&B's mortgage book will now join Northern Rock under government ownership in a move analysts reckon will saddle each UK taxpayer with Ł2,750 exposure to the market. City economists now expect the Bank of England to start cutting interest rates in November in an attempt to stave off a deep and prolonged recession in the UK.

Sentiment toward the pound darkened after the Bank of England published surprisingly poor mortgage lending figures. Net lending plunged to Ł143m in August, down from Ł2.9bn in July. This was the lowest level since the series began more than 15 years ago and was substantially below the Ł4.7bn monthly average for the previous six months.

"The mortgage market in effect ceased to exist in August," said Steve Barrow, currency strategist at Standard Bank.

Mortgage approvals fell to a new low of 32,000, compared with 33,000 in July, in a sign that Chancellor Alistair Darling's failed in his attempt to kick-start the housing market with a stamp duty holiday for transactions.

As the picture in the UK deteriorated, so too did the story in Europe after it emerged yesterday that stricken Belgian bank Fortis was facing a state takeover after concerns about its liquidity wiped out almost a quarter of its value last week.

The euro fell against the dollar to $1.4362 this morning, from $1.4614.

"We've had bad news in both the UK and European banking sectors. The idea that this is primarily a US problem is beginning to dissipate," said Paul Robinson, currency strategist at Barclays.

The picture in the UK and Europe contrasted with that in the US, where Congress's agreement to a draft bill on a Ł380bn bailout package to salvage the US banking and financial system was welcomed with relief by the market and contributed to the strengthening of the dollar.
Courtesy:
http://www.telegraph.co.uk/finance/financetopics/
financialcrisis/3101817/
Financial-crisis-pound-falls-most-in-15-years-in-wake-of-BandB-nationalisation.html

Banking crisis: Interbank lending rates continue to rise
Despite attempts by the world's central banks to add liquidity to the money markets, banks are still wary about lending to one another

By Ashley Seager: guardian.co.uk,
Monday September 29 2008 12:52 BST

Interbank lending markets across Europe suffered further turmoil today as the weekend collapse of Bradford & Bingley and Fortis meant other banks remained reluctant to lend to each other, in spite of an injection of Ł40bn of liquidity by the Bank of England and similar activities by other central banks.

The daily fixing of London interbank offered rate (Libor) by the British Bankers' Association showed three-month sterling rates rose to 6.26% from 6.25% on Friday and even further above the Bank's official rate of 5%.

The three-month dollar Libor fixing was up at 3.88% compared to 3.76% on Friday while three-month euro funds were priced at 5.22% from 5.14% at the end of last week.

The separate Euribor fixing for euros rose to a record of 5.24%, a rise of 10 basis points, which was the biggest jump since June.

"The root of the banking story is in the money markets, which are still in awful shape," said Padhraic Garvey, a strategist at ING Bank. "Banks are dealing with central banks for liquidity purposes but are very careful about dealing with one another in this environment, which effectively means the interbank wholesale-money market is not working."

The Bank of England's auction of Ł40bn of three-month money was oversubscribed by 1.3 times, such was the demand for funds.

The increases in interbank rates show central-bank attempts to breathe life back into money markets have failed, even after the US Congress approved a $700bn (Ł388.9bn) plan to buy up toxic assets from bank balance sheets.

The European central bank said today it will make additional funds available to banks through the end of the year in "special" auctions. The central banks of Japan and Australia added more than $20bn to money markets.

The Bank of England also said today it would offer $10bn in an overnight money market operation.

The euro and pound both fell against the dollar in early dealings as the latest focus on bank failures moved to the UK and eurozone rather than the US. Sterling dropped to just over $1.80 while the euro weakened to $1.433.

www.pounds-to-euros.com

Contact

Navigation

Currency Articles

Currency News

OUR SERVICE...

Why can Pounds-to-Euros.com save me Money?

Banks give you confidence, that there is no doubt, but we can offer you enough information on our procedure to qualify and quantify our service.

First and foremost we need to use a bank to transfer funds... We open a separate banking account for each transaction; and that is deemed as your account.

Secondly we don't accept an uncompetitive fixed rate from any bank or other financial institution. We negotiate directly on the currency trading floors. We deal with 10 main currencies, but can transfer funds into 150 other currencies. Some of these less common currencies are harder work than others; but we can discuss this should the need arise.

Using the currency trading floors as we do we can secure currency at a wholesale prices. We do not charge the same as a bank and this is where we can make the savings on your behalf.

We can truly offer you the best rates on the market because unlike other organisations, such as banks, with large offices, huge sales forces, enormous marketing costs and many different industry specialists (other than property), we have low overheads.

We can offer... Superior Currency Exchange Rates...

We can offer... No Fees or Commission...

We can offer... No Telegraphic Transfer Costs...

We can offer... Your Own Currency Dealer...
We can offer... Forward Buying (Pre-fixing an exchange rate for up to two year's advance)
We can offer... No receiving charges to any World Wide Bank...

(with the exception of 22 currencies in third world countries)

We can offer... incredible savings and reduce the risk of adverse currency fluctuations (see below)

Furthermore...

We can also offer... Arranging this transfer from the comfort of your own home...

We can also offer... Regular updates during the process of the transfer...

We can also offer... Receive confirmation that that the money has been exchanged and transferred

ADVERSE CURRENCY FLUCTUATIONS

Don't run the risk of fluctuations! We can by fixing a rate for your currency requirements today for a purchase in the future (up to 6 months).

Using an example... The Euro against the pound... 6 months ago was 1.48/ Ł1.00; today it is 1.32/ Ł1.00. On a Ł100,000 transfer the difference in those 6 months is Ł12,000

Case Study: Mr. and Mrs. Montague from Sheffield 17, were due to transfer Ł365,000 to buy a villas in Spain. Their completion had been planned for the end of the month, but they had notified us of their intentions. We are always scanning the currencies and notified Mr. and Mrs. Montague that the euro rate had reached 1.47/ Ł1.00 and was expecting to go down in the forthcoming weeks. They agreed to secure the money at this rate. Three weeks later the rate had gone down to 1.45/ Ł1.00 - not a big percentage drop but the Montague's saved Ł4,500 in securing the rate week's before.

OUR SERVICE

At Pounds-to-Euros.com we have established contacts around the world to make the transition of your money flow safely and securely. As specialists we focus exclusively on servicing your particular needs and desires and that is our only purpose. We don't carry our other banking facilities so our competence in this complex market is supreme.

Both my colleagues and I try to supply you with all the information you need to make good decisions about your money. We watch the currencies by the hour as they all strengthen and weaken during the trading day. Such knowledge is invaluable as advice to you when making decisions about the currency markets.

As in office focus is 80% to 20% - Private Property Purchases to Commercial Purchases, we only have two particular areas to concentrate on. We work hard to proactively understand new markets, up-coming hot spots, financial issues and the overall buying process for your benefit.

Each week, we transfer millions of pounds for hundreds of our clients. It's all done highly effectively and efficiently through tried and tested processes and procedures. We focus on providing the best currency exchange rate, getting the payment to the destination account as quickly as possible and giving an outstanding service.

We've been trading since 1991, are registered in the UK.

One final bit of advise... If you use our service or not... Plan your currency exchange at least a month (or even 3 to 6 months) in advance to get the best exchange rate. Don't leave it until the last minute.

HOW DO WE MAKE OUR MONEY?

We make our money the same way the bank does - we buy currency at wholesale on the currency trade floor (in bulk); and transfer to the receiving bank in your requested account. Unlike banks that add 3-5% margin, we can usually stay below 1%. In the end, you save money, we get paid for our great service and the banks exploit one less person!

Don't forget this is what we offer...

We can offer... Superior Currency Exchange Rates...

We can offer... No Fees or Commission...

We can offer... No Telegraphic Transfer Costs...

(with the exception of 22 currencies in third world countries)

We can offer... incredible savings and reduce the risk of adverse currency fluctuations (see below)

Furthermore...

We can also offer... Arranging this transfer from the comfort of your own home...

We can also offer... Regular updates during the process of the transfer...

We can also offer... Receive confirmation that that the money has been exchanged and transferred

Pounds to Euros

CURRENCY ARTICLES -

Buying Property Abroad and Moving Abroad - Top Financial Tips

I was once interviewing a BBC Radio presenter in my previous journalistic capacity and he said something that has rang true with me ever since.

For full story - Click Here - Buying Property Abroad

Don't Use Your Bank to Convert Your Money!

We convert 150 Currencies...Please ask

From the Desk of Mr P Booker

Currency Analyst and Co-ordinator

If you have more than Ł10,000 to change then we can save you between Ł500 to Ł15,000. We buy the currency wholesale, as do the banks, but we don't charge the same profit margins. Allow us to quote and you'll be surprised.

Just fill in the 20 second request form below and we'll provide a free no obligation quote.

If you have any apprehensions, please visit our frequently asked questions page.

CASE STUDIES

Find out how we saved these people a substantial amount of money on their currency exchange. You'll be surprised at just how much can be saved.

Case Studies

CURRENCY NEWS -

ADVERSE CURRENCY FLUCTUATIONS

Don't run the risk of fluctuations! Currency Brokers, can, by fixing a rate for your currency requirements today for a purchase in the future (up to 6 months).

Currency Example... The Pound against the Euro... 16 months ago was 1.48/ Ł1.00; 6 months later it was 1.32/ Ł1.00. On a Ł100,000 transfer the difference in those 6 months is Ł12,000

For full story - Click Here - Adverse Currency Fluctuations

CURRENCY NEWS -

Pounds - Dollars - Euros

Currency - Pounds - Dollars - Euros - were all given a slight boost following a drop in oil prices on Wednesday 23rd. The dollar rose against the Yen, Euro and Swiss Franc.

For full story - Click Here - Pounds - Dollars - Euros

CURRENCY CASE STUDIES -

Case Study
In November 2007 Simon from Gloucestershire wanted to invest in a property in Miami, mainly because the dollar was weak against the pound. He had Ł175,000 to invest which was going to buy him a substantial property. He'd been given a quotation from his bank at US $1.80 / Ł1. A broker in comparison could achieve US $1.84 to the Ł1; plus of course these brokers don't charge any incidental fees. Simon if he would have gone through his bank would have got $315,000; but because he chose a broker they were able to secure $322,000. This saved Simon $7,000 almost Ł3,400

Case Study
In August 2007 there was Jayne from Southampton, she was buying a property in Almeria, Spain. Her transfer was for a villa at Ł325,000; a superb 5 bedroom villa with sea views. Her bank had frightened her with the exchange rate, so she decided to look elsewhere; fortunately she came to a brokers website. She was offered an exchange rate of US 1.39 / Ł1; they were able to offer 1.41 / Ł1. This meant had she continued with the bank she would have realised 451,750 - however fortunately the broker service could manage 458,250; saving Jayne 6,500 (Ł4,600)

Case Study
In September 2007 Dominique wanted to buy an Apline ski home in Austria. The property was valued at Ł295,000. He hadn't gone to the bank as he had heard that the banks weren't always the best choice. A broker will be fully aware of what the banks charge at what rates they work with: Barclays on this day was working with an exchange rate of 1.35 / Ł1; the broker on the other hand could get 1.38 / Ł1. Using Barclays, Dominique would have received 398,250; whereas the broker actually secured him 407,100 which has a difference of 8,850 (Ł6,400).