Turkish lira seems to be sliding?

padisha


Joined: 09/07/2011
Posts: 131

Message Posted:
19/03/2012 17:24

is there a reason for this..........both pound and, surprisingly, euro gaining in value........any ideas

islandgirl


Joined: 12/09/2009
Posts: 302

Message Posted:
19/03/2012 17:32

At least it helps offset the fuel increases ! Imports will be dearer though!

yenibob


Joined: 13/10/2010
Posts: 1203

Message Posted:
19/03/2012 17:34

It's the £ getting a tad stronger..........god bless it.

padisha


Joined: 09/07/2011
Posts: 131

Message Posted:
19/03/2012 17:46

yenibob.....how does this help the euaro?

pjnxi



Joined: 12/02/2009
Posts: 167

Message Posted:
19/03/2012 18:16

2.8745 @ 16.16 pm

slatnumber7


Joined: 25/08/2010
Posts: 299

Message Posted:
19/03/2012 18:31

Pensions paid in Sterling hurrah!!

Joe Soap


Joined: 17/10/2008
Posts: 170

Message Posted:
19/03/2012 18:35

Just a reminder that Message 1 asked



is there a reason for this..........both pound and, surprisingly, euro gaining in value........any ideas



Reply awaited

thedoghouse


Joined: 22/12/2011
Posts: 81

Message Posted:
19/03/2012 20:17

what way are you looking at it the fact 100 stg get you 280 tl and more ?????

and what exchange s are you looking at ????

my question is why is the tl so week at the moment and has stayed week for a bit now ??



this is what i think i think the tl is week because the rate ov borrowing is less now and the banks are lending money easy at this rate of 280 plus tl to the pound

because the tl will get stronger sooner or later it has never stayed at the rates it is at now.

just think you lend 100 000stg at this rate , that would be about 280 000 tl round about

then it drops to 240 with interest without the interest 40 000 tl up x that by 11%

so gess it is just a waiting game now wait for it to drop and see how negative equity hits and who???????

yenibob


Joined: 13/10/2010
Posts: 1203

Message Posted:
19/03/2012 20:47

Joe, perhaps theTL is weakening against all major currencies (have you checked?). As mentioned by someone else, I am paid in £s so "quids in" at these rates. I also like to shop in South, so bit of a bonus all round really!



Enjoy, and invest accordingly, for as long as it is in our (my) favour

Ed1957


Joined: 03/09/2011
Posts: 377

Message Posted:
19/03/2012 20:47

I guess it's getting weaker by the week

martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
19/03/2012 20:50

Time to transfer another £100K....

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
19/03/2012 21:30

Msg 7

£ rising on speculation of budget, money market reacting accordingly but will probably fall back after speech. € strength beyond my comprehension as the Greek financial dilemma will be in the same predicament within the year! TL falling as there is a strong possibility of Military intervention into Syria.



Richard

tomsteel


Joined: 22/06/2009
Posts: 482

Message Posted:
19/03/2012 22:39

Weakened by the strength of the time period of weeks I guess? Turkish Government is well versed in manipulating their currency to their best advantage.

Joe Soap


Joined: 17/10/2008
Posts: 170

Message Posted:
20/03/2012 07:51

Many thanks Richard re your comments about the £ TL rate.



Do agree your comments about the Euro.

waddo


Joined: 29/11/2008
Posts: 1966

Message Posted:
20/03/2012 08:27

martin, do you need my bank details to transfer that extra 100K to me???????????? Got to have hope in this life - lol.

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
20/03/2012 12:45

It's ok for those who get paid in Sterling. The poor guys who have to rely on only TL for their income, or exchanged everything when they first came to TRNC, will lose out.