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Pound-Euro 2016

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Jimbo:
I feel your grief!

What it means in practical terms is this: If you booked an apartment costing €500 in November it would have cost £357. If you booked it now it would cost £423.

I'm glad that I'm not going to the USA this summer. My brother (who lived in Florida) died recently, and fortunately his step-daughter was able to manage affairs there. The pound:dollar ration is awful and probably for several years to come.

So the bottom line is, despite a very unstable financial climate, San Stef is a far better deal than Florida. Yammas!

2718:
Could someone give me an idea of the current exchange rate in San Stefanos please. Thanks

Jimbo:
It looks like we're stuck with a not-very-impressive pound/euro rate for the foreseeable future. The latest post-Brexit economic figures are pretty dire, and the Interbank Rate is down to about 1.18, which means holiday money is below 1.17.

If you bought £1,000's worth of euros in November and bought the same now, you would be about 95 bottles of Mythos worse off today. There's a sobering thought!

Waspman:
Just returned from Agios(San)Stefanos, the local exchange rate in shops etc varied from 1.13 to 1.15, all minus 2% so very poor indeed. Better to bring euros from the UK
The rate on my "specialist" credit card was 1.20 from an ATM, with no charges/commission whatsoever.

Jimbo:
Quite right. The rate went down a few points overnight. Interbank rate as I write is 1.1821

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