What's the current exchange rate in Tenerife?

[Ecky Thump]

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CaxtoFX

CaxtonFX are currently offering 1.1531 to the £ when you load their Euro Debit Card.


Admiral Travel

The above rate is almost identical to the rate that Admiral Travel in Los Cristianos are offering, if you change larger amounts (over £1000) then they offer you a half a cent more for your pound.

For those of us ( Angusjim LindaD blondie ) that may be fortunate enough to have Scottish notes, I contacted Admiral Travel and they will happily accept them with no problem.:D

[Liftman]

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For those of us ( Angusjim LindaD blondie ) that may be fortunate enough to have Scottish notes, I contacted Admiral Travel and they will happily accept them with no problem.:D
At 2 cents below real £ sterling....

[Ecky Thump]

At 2 cents below real £ sterling....

We can afford it with all the oil revenue that we receive......NOT! :D

[Liftman]

We can afford it with all the oil revenue that we receive......NOT! :D

We get all of that in Westminster, Added up to £4.78 last year, adjusted for inflation

[Ecky Thump]

The exchange rate between the Euro and the GBP has over the last few days remained almost static, with the pound showing vey slightly stronger.

Today CaxtonFX are offering €1.1543 to the pound when you load their Euro Debit Card.

[Ecky Thump]

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CaxtonFX are currently offering €1.1665 to the £ when you load their Euro Debit Card.
This is also approximately the same exchange rate that you will find in the money exchanges in Tenerife.

Report courtesy of Caxton.

Sterling is trading at around seven-week highs against the euro above 1.1800 and at around three-week highs against the dollar, just shy of 1.2600. The pound strengthened last week as inflation held above the Bank of England’s 2% target rate and Average Earnings growth beat expectations.

The dollar fell last week amidst rising geopolitical tensions and after US President Trump said the currency was “too strong”. US data out Friday offered the dollar little support. CPI slowed to 2.4% from 2.7% and core CPI slowed to 2.0% from 2.2%. Retail Sales declined 0.2% in March.

The dollar recovered some ground against the euro on Tuesday morning following comments from US Treasury Secretary Steven Mnuchin that he views dollar strength over the longer term as a positive, although a threat to exports in the short term.

The euro came under pressure last week as polls showed increased support for the far-left Melenchon and that a third of voters remain undecided ahead of the French presidential elections on 23 April.


Todays Market Highlight

It’s a big week this week for the euro ahead of the first round of the French presidential elections on Sunday. Investors will closely watch the remaining opinion polls and additional pressure on the euro may be seen.

[fixer]

Bank rate now above 1.18 to the pound so as above should be 1.16 in the Tenerife exchanges the one i use is Oasis next to Pizza May in Los Cristianos and usually gives half cent more than admiral and off course being scottish every half cent counts.

[Liftman]

Euro rate on it's way up today following election announcement. €1.19 to the pound at 16.45.
Hopefully it can keep going up.

[Ecky Thump]

Bank rate now above 1.18 to the pound so as above should be 1.16 in the Tenerife exchanges the one i use is Oasis next to Pizza May in Los Cristianos and usually gives half cent more than admiral and off course being scottish every half cent counts.

There used to be a small exchange shop in Puerto de la Cruz (close to the Monopol Hotel) that did give you a extra half a cent for Scottish notes LindaD Angusjim ....I often joined the queue there for hours to exchange my €3 ! :D



Euro rate on it's way up today following election announcement. €1.19 to the pound at 16.45.
Hopefully it can keep going up.

Along with the French election, things could move upwards.:wow:

[Liftman]

Along with the French election, things could move upwards.:wow:

Be nice if it crept back up to 1.45 or so

[Ecky Thump]

CaxtonFX are currently (10:35) offering €1.1698 to the £ when you load their Euro Debit Card.


Reports courtesy of Caxton.

Yesterday's Market Highlights

Sterling rallied further overnight, continuing its momentum following Prime Minister May’s announcement that snap elections will be held on 8 June. GBP/USD is trading at six-month highs above 1.2800. GBP/EUR is trading at four-month highs above 1.1900.

While the pound initially fell 0.6% against both the dollar and the euro prior to her speech as markets speculated on the topic, it rallied sharply on the announcement. Sterling recovered over 2% against the euro and over 2.5% against the dollar as the rally continued into the overnight session.

If the Conservative Party wins a strong mandate in the elections, this could add to stability, strengthening May’s position during Brexit negotiations. This may in turn strengthen the pound.


Today's Market Highlights

With a fairly light economic calendar again today, attention will largely remain on the pound as MPs vote this afternoon on Prime Minister May’s call for snap elections.

Final Eurozone CPI figures are forecast to be unchanged, with inflation slowing to 1.5% in March and core inflation slowing to 0.7%. The Trade Balance surplus is forecast to widen, which could offer the euro support (10:00 BST). Markets will continue to watch for new opinion polls ahead of Sunday’s French elections.

[Ecky Thump]

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CaxtonFX are currently (10:45) offering €1.1652 to the £ when you load their Euro Debit Card

The rate above is approximately the same as you will find in the Tenerife money exchange shops.



Reports courtesy of CaxtonFX


Yesterday's Market Highlights

Tighter ranges were seen yesterday following Tuesday’s sterling rally. As expected, MPs voted in favour of the June snap elections. Sterling-euro traded above 1.1900 and sterling-dollar traded above 1.2800.

Data out yesterday confirmed that CPI slowed to 1.5% in the Eurozone in March, while the trade surplus was higher than forecast.

Gains in petrol stockpiles according to EIA inventory data weighed on oil prices, which fell the most since 8 March. Brent and US crude both fell over 3.5% on the data. The impact on the Canadian dollar against the pound was limited. The rate is trading around its highest levels since September.

Sterling is also trading around its highest levels against the kiwi dollar since September, and around its highest levels since January against the Australian dollar.


Today's Market Highlights

The French elections are in focus in the final days ahead of the first round of elections on Sunday. Investors are expecting a Macron win, which has been largely priced in.

Sterling continues to trade below 1.2000 against the euro and 1.2900 against the dollar after briefly breaking those key levels Tuesday evening after the European close. Sterling-euro has struggled to hold gains above 1.2000 since the referendum.

The economic calendar is again relatively quiet today. Releases include the US Initial Jobless Claims and Philadelphia Fed Manufacturing Survey (13:30 BST), as well as Eurozone Consumer Confidence (15:00 BST).

Bank of England Governor Carney speaks twice, at the Institute of International Finance Policy Summit (16:30 BST) and as part of a Bank of France panel discussion (17:30 BST). US Treasury Secretary Mnuchin will also speak at the Institute of International Finance Policy Summit (18:15 BST).

[Ecky Thump]

CaxtonFX are currently (18:20) offering €1.1522 to the £ when you load their Euro Debit Card.

Which is approximately the rate that you will get in the Tenerife Exchange Shops.

Today's Market Highlights

The euro will remain in focus today as markets continue to digest the results of last night’s French elections ahead of the final vote on 7 May. The euro may maintain its relative strength but could see some correction given the sharp movement.

German IFO data could give the euro some additional support, with the Business Climate survey expected to pick up from 112.3 to 112.5 (09:00 BST).

A busy week for the euro continues with the ECB meeting later this week. The Bank is reducing the size of its monthly asset purchase programme from April on, and markets will watch for any updated guidance following the French elections and March’s ease in headline inflation to 1.5% from 2.0%.

Other highlights this week include US Durable Goods Orders and preliminary estimates of Q1 GDP in both the US and the

[Ecky Thump]

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CaxtonFX are currently (11:30) offering €1.1510 to the £ when you load their Euro Debit Card.

This is approximately the rate of exchange that you will get in the money exchange shops in Tenerife.




Yesterday's Market Highlights

Yesterday was a quieter day as markets continued to digest Sunday’s French elections. Euro-dollar made further gains, pushing to a new five-month high and meeting resistance around 1.0950. Sterling-euro remained under pressure but held above 1.1700. Sterling-dollar recovered back above 1.2800.

Sterling pushed to its highest levels against the kiwi dollar since early August and against the Canadian dollar since September.



Today's Market Highlights

A fairly light calendar is focused primarily on the Canadian dollar. Retail Sales are forecast to have remained flat in February, with core sales declining 0.2% (13:30 BST). This may weigh on the loonie.

In the afternoon session, oil will be in focus with weekly EIA Crude Inventories out (15:30 BST).

Trump’s tax plan will be announced today. The dollar could strengthen on expectations of a business-supportive plan, although ultimately this may depend on whether the announced measures meet market expectations.

[Angusjim]

People who have to worry about whether they get 1.15 or 1.165 and walk round several places getting the best rates should not go on holiday to Tenerife, you are too poor to visit Tenerife 5 star only please:poke:

[Ecky Thump]

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CaxtonFX are currently (12:55) offering €1.1575 to the £ when you load their Euro Debit Card.

This is approximately the same rate that you will get in a Tenerife money exchange shop.

Reports courtesy of CaxtonFX


Yesterday's Market Highlights

Sterling was in demand yesterday, returning above 1.1800 against the euro and again testing 1.2900 against the dollar in overnight trading. Sterling has benefited recently from expectations that the Conservative Party will win the June snap elections.

The dollar weakened on the release of Trump’s tax plans, which contained no surprises and was light on details.

The Canadian dollar was under pressure against the pound yesterday, in part as Retail Sales declined in February. The loonie briefly jumped overnight after US President Trump said he would renegotiate rather than terminate NAFTA


Today's Market Highlights

The calendar picks up today. The Eurozone releases Economic Sentiment Indicator and Consumer Confidence data (10:00 BST) ahead of the ECB interest rate decision (12:45 BST). The press conference (13:30 BST) often prompts volatility in the euro.

The ECB is expected to keep monetary policy on hold but markets will pay close attention to President Draghi’s comments and guidance following the French elections and slower inflation.

In particular, markets will look for any signals that the ECB could further taper policy sooner than previously expected, which would strengthen the euro. If those expectations are disappointed and the ECB focuses on low underlying inflation, the euro could weaken.

In the afternoon, slower US Durable Goods Orders could weigh on the dollar (13:30 BST) ahead of initial Q1 GDP estimates tomorrow. Weekly Initial Jobless Claims are forecast to dip from 244K to 241K. Pending Home Sales are forecast to have declined from February to March (15:00 BST).

[Ecky Thump]

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CaxtonFX are currently (16:30) offering €1.1606 to the £ when you load their Euro Debit Card.

The rate above is approximately the same as you would find in a Tenerife money exchange shop.

Reports courtesy of CaxtonFX

Yesterday's Market Highlights

Sterling-dollar retested 1.2900 yesterday, its highest levels since 03 October, and the pound made further gains against the euro towards 1.1880.

The euro weakened yesterday as the ECB kept monetary policy unchanged and remained cautious on the inflation outlook. The euro initially gained as the ECB took a more positive tone on the economic recovery, saying that the risks were more balanced if still titled to the downside. The ECB did not discuss exiting stimulus, disappointing some investors.

The dollar weakened as Durable Goods Orders disappointed expectations. Weekly Initial Jobless Claims came in higher than forecast. Pending Home Sales fell on a monthly basis, although by less than expected.

Sterling traded at new highs against the Aussie since September, against the kiwi since July, and against the Canadian dollar since 24 June and the pound’s plummet on the referendum


Today's Market Highlights

GDP figures will drive markets today. Slower quarter-on-quarter Q1 GDP growth could weigh on the pound this morning (09:30 BST). Eurozone CPI is then forecast to pick up to 1.8% from 1.5%, which could offer the euro some support (10:00 BST).

In the afternoon, US GDP is forecast to have slowed from 2.1% to 2.0% in Q1 (13:30 BST), which may weaken the dollar. Canadian GDP is forecast to have slowed in February (13:30 BST).

[fixer]

People who have to worry about whether they get 1.15 or 1.165 and walk round several places getting the best rates should not go on holiday to Tenerife, you are too poor to visit Tenerife 5 star only please:poke:

The majority will be Scottish though:laugh:

[Ecky Thump]

CaxtonFX are currently (11:40) offering €1.1212 to the £ when you load their Euro Debit Card,

The rate above is approximately the same as you would find in a Tenerife exchange shop.


Today's Market Highlights

A big week for the pound as Britain goes to the polls. This week's data is kicked off by Markit Services PMI for Europe, US, and the UK from 9am. It’s not exactly a data-fuelled start to the week though, as most eyes turn to Wednesday as Eurozone GDP at 10am, and the ECB interest rate decision at 12:45pm Thursday that is expected to remain unchanged.

The main event this week though is the election on Thursday, and we’ll find out in the early hours of Friday morning what the voters have said. Uncertainty is a big theme, as Jeremy Corbyn’s Labour has cut the conservatives polling lead down to single figures.

[Ecky Thump]

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CaxtonFX are currently (12:00) offering €1.1213 to the £ when you load their Euro Debit Card.

The rate above is approximately the same as you will find to be offered in the Tenerife exchange shops.


Yesterday's Market Highlights

Sterling recovered ground yesterday following an initial dip after the London terror attacks over the weekend. UK Services PMI fell more than forecast but remained about the 50-point mark consistent with industry expansion.

Sterling-euro made gains toward 1.1500. Sterling-dollar regained 1.2900, in part as US services data disappointed. ISM Non-Manufacturing PMI fell from 57.5 to 56.9. Euro-dollar traded above 1.1200. The dollar initially saw support against the euro but eased back in the

Today's Market Highlights

Attention remains primarily on the UK’s election on Thursday. Sterling will likely see further volatility as it remains vulnerable to uncertainty. The recent narrowing of polls means the outcome of the election has become far less certain than it initially seemed.

The calendar is quieter today. Eurozone Retail Sales are forecast to slow to 0.2% from 0.3% month-on-month and remain unchanged at 2.3% on an annual basis (10:00 BST).

In the afternoon, the Global Dairy Trade Price Index and Canada’s Ivey Purchasing Managers Index (15:00 BST) will be in focus.

Overnight, a forecast slowdown in Q1 Australian GDP could weigh on the Aussie dollar.

[tfs1]

1.122 in outlet near FADOS. Couldn't be bothered to walk up to Admiral Travel - too hot !

[bennoa1]

That's a lot better than the 92 cents I saw back end of last week at Birmingham airport!!! Buyback was at 1.33.

[Ecky Thump]

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CaxtonFX are currently (10:45) offering €1.1198 to the £ when you load their Euro Debit Card.

The rate above is the same rate as you would expect to get at a Tenerife money exchange shop.


Yesterday's Market Highlights

Sterling remained vulnerable ahead of Thursday's election. While a Conservative win is still expected by many investors, markets have become less confident in the outcome as the Tory lead in polls narrowed. Of note will be not just whether the Conservatives win, but by what margin they do so.

The pound reversed initial gains to ease lower over the course of the day. Sterling-dollar met a nearly two-week high around 1.2950 before falling below 1.2900. Sterling-euro briefly tested 1.1500 before falling towards 1.1420.

Euro-dollar continued to trade above 1.1200. The dollar lost its morning gains against the euro during its afternoon session. The pound lost ground against the commodity currencies as well.


Today's Market Highlights

The calendar is fairly quiet today. Releases out this afternoon include Canadian Building Permits (13:30 BST) and weekly Crude Oil Inventories (15:30 BST).

Markets may trade cautiously today as investors await a busy Thursday. Former FBI director James Comey testifies, the ECB is expected to keep monetary policy on hold but strike a dovish tone, and the UK holds its highly anticipated election.