How to buy Euros

If you live outside the EuroZone and you are planning a major purchase in Europe at some point you will need to buy Euros. The good news is you can save yourself a small fortune by researching and planning the euro currency purchase ahead of time.

This Euro Currency Exchange site is designed to help you with all your currency exchange questions in connection with buying euros.

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Euro Currency Update - 9th Febuary 2010 - Greek Problems Overshadow All Markets

Investors still not convinced that Greece can sort itself out without external help. Sterling and euro lumped with 'risky' currencies as dollar and yen push ahead.

A one-cent range held sterling between €1.14 and €1.15. It opened in London this morning half a cent down on the week at €1.14.

Until a month or so ago the world's investors were still dismissing the fiscal problems of Greece as nothing more a little local difficulty in an unimportant south eastern corner of Europe. They were far more interested in how the German and French economic locomotives were hauling the rest of the continent ahead. Now, the tables are turned. Hard economic data, good or bad, get barely a moment's attention. Instead, the focus is on the fiscal crisis in Greece which temporarily overshadows not just the euro but every currency and every market. The European Commission, the European Central Bank and the Euroland governments appear to have hardened up their attitude to Athens and the message to Prime Minister Papandreou is 'Sort yourself out or else.'

Investors worry that it will not be as easy as that. Especially during the second half of last week the overriding sentiment among investors was a nervousness about everything. In a return to the risk-aversion tactics of last year they offloaded shares and reduced their holdings of 'risky' currencies, stocking up instead with the safe-haven US dollar and Japanese yen. Whilst it would be an exaggeration to call the trend a 'flight to safety' it was certainly a sign that there are still plenty of niggling doubts to trouble investors. Despite all the public optimism that a double-dip recession is out of the question, the market mumbles to itself about the risk of just such an outcome.

As long as that mindset persists, national economic statistics and achievements will have to be spectacular if they are to offset investors' underlying attitude to particular currencies. This was clearly the case last week for sterling. The purchasing managers' indices (PMIs) are an important economic barometer, showing growth when they rise above 50 and pointing to a slowdown when they move below that level. Monday's UK manufacturing sector PMI came in at a surprisingly strong 56.7, beating equivalent figures from France, Germany, Switzerland and the Euro zone. With sterling in their bad books, investors refused to be impressed. At 54.5 Wednesday's services sector PMI was higher than any of the opposition but, because it was two points lower than the previous month, investors used it as an excuse to sell the pound.

It was a similar story with the euro, which stayed ahead of the pound only by dint of losing just two US cents compared with sterling's three. The what-shall-we-do-about-Greece story dominated the proceedings, especially after the ECB president downplayed the expected pace of economic recovery to 'gradual' and made no reference to higher euro interest rates in the near future.

After spending the best part three months between €1.09 and €1.13 the pound is doing its best to attach itself to a slightly higher range between €1.13 and €1.16. Do not get carried away: although the euro is lumbered with its Greek albatross the worries are still there about Britain's general election, its budget gap and the durability of its credit rating. Buyers of the euro should take advantage of any spikes to hedge 50% of their exposure.

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Currency Exchange Glossary

A list of terms used in foreign exchange dealing

Banks and foreign exchange dealers are used to explaining currency exchange in everyday terms to keep things straightforward, but here's some of the jargon just in case you like to know your subject in advance! more...

Euro Buyers Currency Exchange FAQ

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Foreign Currency Daily Update

If you really want to keep tabs on foreign currency trends why not check out the daily bulletin from Moneycorp which looks at UKP vs Dollars vs Euros?
Daily currency brief

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Euro Currency Exchange - Buying Euros

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1. Currency FAQ Frequently asked questions about currency exchange for buying Euros or other currencies.

Pound and Euro Currency Update - Weekly Update 9th February 2010

Greek Problems Overshadow All Markets

Investors still not convinced that Greece can sort itself out without external help. Sterling and euro lumped with 'risky' currencies as dollar and yen push ahead. more...

Euro review - February 2010

Politics driving Sterling

Mercifully, sterling managed to make it through Christmas without trying to repeat last year's suicide run. Looking at 2009 as a whole it could be argued that the pound actually did well. more...

Dollar Sellers - Euro Buyers Monthly Review January 2010

Euro/Dollar rate shows little movement

It would be an exaggeration to say the euro and the dollar had gone nowhere since Christmas but the euro/dollar exchange rate is hardly different to the one that printed on St Stephen's Day. The range so far this year has covered only the three cents between $1.4250 and $1.4550 but it has covered them several times, reversing direction a couple of times a week. more...

Currency dealers - ten good reasons to use one

The benefits of a lawyer are obvious. But why use a currency dealer? FrenchEntrée.com puts the questions to currency dealer Moneycorp on your behalf.

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Euro currency exchange on French property

How to avoid currency fluctuations

Most people buying a French holiday home or a permanent residence in France would prefer to live without the sleepless nights associated with fluctuating currency exchange. It’s no fun agreeing ... more...

Euro Currency Update

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FrenchEntrée offers a free newsletter to keep you updated on the latest Euro and Foreign currency exchange news and prices. more...

Euro Currency Buyers FAQ

Everything you might be afraid to ask about buying euros...

Frequently asked questions about currency exchange for buying Euros or other currencies. Where can I buy at the best exchange rates, what will it cost, how long will it take, can I get advice, how do I pay and more...
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