Re: Cheapest way to buy Euros

Jul 10, 2003 1 Replies


I'm about to complete on the sale of my last buy-to-let property in


> the UK and by the end of next month I will have just over GBP250k net
> of tax in my savings account.
>
> My next step is to buy one or more buy-to-let properties in the
> eurozone (either France or Spain), so I'm keen to get advice on: >
> - the cheapest way to buy euros with sterling (my bank is not offering
> a very interesting rate)
>
> - the best place to hold the euros while I line up the eurozone
> properties: is it an offshore account with a UK bank, or a local
> account in France/Spain ?
>
> Any advice gratefully received !
>

Don't buy Euros! Stick it in an offshore dollar account.


It won't in the short term. But if your plans aren't finalised the Euro is likely to fall against the dollar and rise against the pound in the immediate future. Presently the pound/dollar rate is very favourable to sterling.

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