Currency Buy and Sell rates

Yes.

If you strip away the ‘1:’ part and just imagine the number on the right of the colon (e.g. ‘1.3’ from £1:€13.), and use that to compare, you can see whether it has strengthened or weakened.

Original: 1.13 (£1:€1.13).
New rate: 1.30 (£1:€1.30).

If the number is bigger than the previous number, then it’s strengthened, and if it’s smaller, than the base currency (GBP) has weakened.

1.30 is greater than 1.13, which means you get more than before. Therefore, strengthened.

If it drops to 1.05 from 1.13, then it means that you get less then before. Therefore, weakened.

Yep.


Foreign exchange markets (The global markets for currencies, essentially.) are notoriously complex and volatile.

Theoretically yes, it’s better to exchange from the Euro to the Pound if the pound is weak (You buy more pound sterling with every euro.), and vice versa (Buying Euros/Dollars if the pound is strong.), but it’s really hard to give advice as to how the pound sterling will perform today, tomorrow, next month, and the next year.


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