Knowing when to buy currency is like wetting your finger and sticking it in the air. Earlier this year, possibly Feb/March time I bought a lot of euros @ €1.175 on my Revolut account, and today’s rate is hovering around €1.124.
I’ve spent all I bought, and need to pay for self catering accommodation in both November, December and 12 weeks early 2020. It’s a gamble, like life really, but I’m tempted to load up Mr Revolut whilst I can get this rate. Then don’t look back. Very often.
Quite true. I don’t worry about it. Over a years rental period, several times, several properties, the difference between €1.175 and €1.117 ( Revolut at the moment) is only about £300. And my old Mum, who goes with myself and a few friends for 2 weeks each May & September pays for the expensive accommodation. The long term winter rental is dirt cheap. Like the gin, curry and car hire.
It’s only when you want to buy a half decent property in an expensive area that these marginal differences make much of an impact. And that’s not happening in the foreseeable future.