Clive Posted October 3, 2010 Share Posted October 3, 2010 Blankety blank, blankety blank, blankety blank! Link to comment Share on other sites More sharing options...
Tony Jones Posted October 3, 2010 Share Posted October 3, 2010 Gosh, I wish it hit all of us like that! Link to comment Share on other sites More sharing options...
602 Posted October 4, 2010 Author Share Posted October 4, 2010 Hi, I moved the cursor from title to script, and it promply posted itself. So I did it again, wrote mail, and sent. It obviously didn't arrive. To cut story short, we sold our place in France when £ and € were close to parity. So €56000 was close to £56000. By the time the buyer had sorted out his mortgage ..... and the Notaire had returned from holiday ..... the exchange rate had dropped to £1 = €1.20, so €56000 translated to about £46,000. Ouch! 602 Link to comment Share on other sites More sharing options...
catinou Posted October 4, 2010 Share Posted October 4, 2010 Ouch indeed! We have just gone the other way so benefitted from the improved rate of the £ - still watching rates though for the next transfer out - property needs some work... Never thought I would see the day when I would want the UK currency to be the euro! 8-) Link to comment Share on other sites More sharing options...
Usinmyknaus Posted October 6, 2010 Share Posted October 6, 2010 Sorry to hear about the financial hit 602. Little consolation, but if you had bought a motorhome for £56,000 I expect it would have lost more than £10,000 in value as you drove off the dealer's forecourt, so you pays your money...... Whilst the £ is outside the Euro investment in assets in mainland Europe will always be, in effect, currency speculation. Moreover, anyone doing so is betting on the relative economic competencies of British versus European politicans, bureaucrats and bankers........ Buying and running my motorhome has cost a similar sum to your outlay. When I bought it, I absolutely knew it would be a (heavily) depreciating asset whereas at least you and Catinou put your money in an international currency casino where you had a chance to win! So from a certain financial point of view, you will almost certainly end up better off on your deal than I will on mine. Bob :-) Link to comment Share on other sites More sharing options...
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