Brits confused over euro value

By Press Association , Jul 2, 2012
Filed under: Holidays

Almost a quarter of Britons think one euro is worth more than one pound, according to a survey.

But some reckon the euro is worth only 40p, while others are unsure which countries are in the eurozone, the poll by Sainsbury's Bank Travel Money showed.

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As many as 23% of the 2,000 people surveyed were under the impression that one euro was worth more than one pound, with 2.4% valuing the euro at just 40p.

Those polled were five times more likely to believe that Croatia used the euro than the existing currency of the kuna.

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Around 20% thought Turkey and Switzerland used the euro, while 2.2% reckoned Spain still used the peseta.

Overall, 23% overestimated the value of other currencies against the pound and thought they were being ripped off.

Sainsbury's Bank travel money manager David Barrett said: "It is surprising that there appears to be so much confusion about the value of the euro and also around which currency is used in a number of countries.

"We would urge anyone planning a holiday to swot up on the local currency before they go."

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22 Comments

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murphymorg

Who are thay kidding. Unless you are changing up thousands, money exchange rates are a complete rip off for the general holiday maker, irrespective of the euro to the pound rate.

They get you with charges on changing and then again on changing back.

In the overal scheme of things you would be lucky to save a tenner on £500, and you will spend an hour looking for a deal. £5/hr. Hardly worth it.

July 10 2012 at 3:28 AM Report abuse Permalink rate up rate down Reply

teaabags

the Euro is worth nothing to me, very glad we kept our british pound..IF i ever really have to i'll get it..IF

July 03 2012 at 7:06 AM Report abuse Permalink rate up rate down Reply

jamessayers05

one pound is one euro 20 cents

July 02 2012 at 3:53 PM Report abuse Permalink rate up rate down Reply

nicholspongo

I think the Euro is worth about 5 Drachma, well that's what a Greek mate of mine says.

July 02 2012 at 2:20 PM Report abuse Permalink rate up rate down Reply

paultuckernow

What sort of idiots ever thought that you could run a common currency across so many states having DIFFERENT fiscal policies. It beggars belief.

July 02 2012 at 12:19 PM Report abuse Permalink +5 rate up rate down Reply

Statiscs can prove anything. After all, statistically 6 out of 7 dwarfs are not happy.

July 02 2012 at 12:14 PM Report abuse Permalink +2 rate up rate down Reply

gallobhair

I live in Eurozone 6months per annum. The Euro is vastly overvalued. Its true value against the Pound should be something like 60 pence. The EU is not fit for purpose--never has been--never will be. The sooner we get out the better.

July 02 2012 at 11:48 AM Report abuse Permalink +3 rate up rate down Reply

2 replies to gallobhair's comment

klvpfife

I also live in the euroland! 6month in spain but I work 8-12 wks between the nederlands ireland and france! I think your being a little cruel but your point is well founded lets hope we see a swift end to this much maligned fiasco. Oh happy days

July 02 2012 at 12:18 PM Report abuse Permalink rate up rate down Reply

c.rockwell1

I think 60p is a bit low, is that for your own selfish reasons. In the history of the Euro its lowest low was 0.65 and its highest high was 0.97 in relation to the Pound. At the minute its floating at around 0.80, so in a sense the EUR and GBP are living in perfect harmony together. Maybe the article is correct and some Brits really are confused over Euro value.

July 02 2012 at 12:41 PM Report abuse Permalink rate up rate down Reply

jrcjimmoon

Whatever a Euro is worth - it's too sodding much.

July 02 2012 at 10:27 AM Report abuse Permalink +1 rate up rate down Reply

karen1963yorks

Not so many years ago people were saying we should join the Euro to save £10 changing our ponds into the local dosh. It looks like the Euro is going to cost us all a lot more than £10 now.

July 02 2012 at 8:53 AM Report abuse Permalink rate up rate down Reply

archieandteach

It has no value anywhere, it is a useless currency on the verge of collapse and destruction. Pleaes folks do all you can to help into its grave.

July 02 2012 at 6:43 AM Report abuse Permalink +7 rate up rate down Reply

2 replies to archieandteach's comment

tonybarker298

I voted your comment UP but it took a point off. With a bit of luck, the whole Euro will crash. Its not if but when, sooner the better

July 02 2012 at 9:52 AM Report abuse Permalink rate up rate down Reply

brinberlin

But that's a complete lie isn't it. It's still worth a lot more than the 1.5 to the pound it started out as. And of course it's the same as the rather pathetic pound in the UK, that is zillions of people use it to buy houses, whatever. So really, your post is like saying: "Tories are all stupid" or "Shops are useless", "Dogs always bite you": no actual logical argument at all, because you haven't got one, and don't think you need one. Back to your Sun or Express.
Next!

July 02 2012 at 12:21 PM Report abuse Permalink rate up rate down Reply