How High will the YTL go?

finchy


Joined: 08/04/2008
Posts: 86

Message Posted:
06/03/2009 14:06

Currently 2.54 for a £. I'm on for 2.6 against the £ within the next couple of weeks, then probably all the way back down to 2.2 in time for my next visit.

maybemike


Joined: 12/01/2009
Posts: 188

Message Posted:
06/03/2009 14:43

will all depend on the imf deal, then it will fall after elections in turkey i would think, or close to them.









maybe

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
06/03/2009 14:56

I think it is a good time to change your pounds into Turkish Lira. Having said that I am not buying and not selling, I am not a gambler.

ismet

maybemike


Joined: 12/01/2009
Posts: 188

Message Posted:
06/03/2009 15:02

as allways wise decision, not much of a gamble if you are only going between £ and tl.just knowing when its peaked more luck than judgement











maybe

maybemike


Joined: 12/01/2009
Posts: 188

Message Posted:
06/03/2009 15:06

best way is to start buying on the way up spread bet











maybe

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
06/03/2009 15:14

Msg 2. Can you explain a bit more about this imf deal please. Thanks.

Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
06/03/2009 15:18

i have really began to enjoy playing this game. (Forex)



I am waiting on 2.55 or higher at the moment.



i find that it makes you more aware of each countries political and economic news, as you try and guage where the currency will head.



as of 13:10 GMT, Yahoo is showing 2.5426.





It sure beats leaving my money in a dead end british bank paying minimal interest.



Repro

authentichoccie


Joined: 09/01/2008
Posts: 481

Message Posted:
06/03/2009 15:29

My hubby got 2.5 from the man in the hut around lunchtime today

maybemike


Joined: 12/01/2009
Posts: 188

Message Posted:
06/03/2009 15:32

http://www.advfn.com/p.php?pid=forexquote&btn=filterQuote&elists=1|3|7&curcode1=GBP&curcode2=TRY&filterQuote=GET+QUOTE&symbol=FX^GBPTRY









http://www.advfn.com/p.php?pid=forexqkchart&elists=1|3|7&elists=1|3|7&&curcode1=GBP&curcode2=TRY&symbol=FX^GBPEUR





try these

chinaeyes


Joined: 13/02/2009
Posts: 425

Message Posted:
06/03/2009 20:59

I got 2.48 at the man in the hut about 11 am,it seems I should have waited a little longer!!!!!!!!!!!!

Teresa


Joined: 21/11/2007
Posts: 1018

Message Posted:
06/03/2009 22:02

Changing into TL might be a good idea but with all the banks here cutting the interest rates that makes it even more of a gamble.

WE had a call from a family member who works for one of the big banks and he said that all the banks are cutting their rates and customers are not being told until they go to collect their monthly interest so will be interesting to see what happens.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
06/03/2009 22:09

its 0.5 % in uk today , and your moaning about only getting 15% in trnc , get a life for fxck sake .

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
06/03/2009 22:38

With Gordon printing money, 75 BILLION £s, how long before sterling crashes?



What happens if Turkish bank goes bust what are the chances of you seeing any of your money? ( does 15% cover that risk )



"Money cant buy you happiness"

Aslan


Joined: 23/06/2008
Posts: 757

Message Posted:
07/03/2009 10:08

I think it would be in Turkey's interest if the TL hit 3 to the £ before Easter and during the summer season as it will help increase the number of tourists visiting the non-Eurozone Republic, I am sure that when the IMF loan is approved then the TL will hit 3TL to the pound.

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
07/03/2009 10:12

mess 14 - Joan Collins once said "whoever said money doesn't buy happiness, obviously hasn't been visiting the right shops".....

Quarmby


Joined: 15/09/2008
Posts: 975

Message Posted:
07/03/2009 10:14

Aslan

if it hits 3 to the £ you watch the prices rocket in the restaurants, it happened before but surprisingly did not go down when the rate dropped.

PIPIE


Joined: 05/01/2008
Posts: 5499

Message Posted:
07/03/2009 10:15

Nick, to true LOL

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
07/03/2009 10:56

Asian.. Re msg 15, could you give some more info on this imf loan please, not heard about it when is it due to happen ? Thanks.

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
07/03/2009 11:10

http://www.hurriyet.com.tr/english/finance/11141712.asp?scr=1

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
07/03/2009 11:13

http://www.imf.org/external/country/TUR/index.htm

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
07/03/2009 11:19

deecyprus 4, many thanks.

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
07/03/2009 11:39

You guys have just made my day 3 ytl.



I arrive on april the 1st what do you think the chances are ?

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
07/03/2009 13:00

don't dream too much !

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
07/03/2009 22:05

Quarmby..Must have learned their trade in U.K. same happens here especially with petrol and diesel prices..

Ginny


Joined: 14/01/2009
Posts: 30

Message Posted:
10/03/2009 00:37

Hi folfs where is the hut in Alsancak sounds better exchange rate