What happens to exchange rates over Christmas (Steve Eakins)

GBPEUR Rejected by 1.17 Price Level Again

Through the festive period many people ask if there will be any effects on the market, either from more holiday cash being needed or whether all the toys being bought from the US and Europe change the prices.  The simply answer to this is No. These do not traditionally change the price of the Pound over the Christmas period.  What we do see happen however though is that the markets become very volatile due to the lack in volume being traded.

In normal trading sessions the volumes being traded affect the price of each currency but as there is less money being moved and transferred in that key time between Christmas and the New Year, smaller volumes move the markets a lot more.  This happened on a very big scale in 2010. Here at Foreign Currency Direct we will be open over the whole festive period with people watching the markets for clients on every non-bank holiday day and we can help.

If you are in the need for a currency transfer and have a target in mind email us and register your interest. Over what can be a very volatile time we can inform you if your target is hit.  Simply email [email protected] with your currency trading pair, volume, target, contact number and time to call. We will do the rest.

Have a great Christmas and New Year.

Thank you,