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When To Buy Euros

Going on holiday in September to Portugal so I need to buy Euros.

Right now the Euro and GBP rate is the best it's been in 7 years @ 1.4. From the BBC website:
UK holidaymakers to Europe would have received €707 for every £600 they exchanged a year ago, but they would get €822 today.

Also I need a rough estimate of how many Euros to take. I'm going all Inclusive for 10 days but it's a lads holiday so we'll be going out each night, boat parties etc. I think I took 500 euros last year for 7 days but not too sure.


Usually I buy Euros last minute but what if the rate drops before then (6months away), or if I buy now and it goes up.. I'm not experienced with these financial things so if anybody with experience could throw a suggestion, it would be appreciated.

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