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Lira going up....any reason ?

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eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
09/12/2010 13:01

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Message 1 of 15 in Discussion

2.36 today........gone up a bit in the last couple of weeks.



erictheviking


Joined: 14/05/2010
Posts: 32

Message Posted:
09/12/2010 13:22

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Message 2 of 15 in Discussion

maybe something to do with the euro



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
09/12/2010 13:34

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Message 3 of 15 in Discussion

I think that it should read Lira going down, rising!?



Richard



deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
09/12/2010 13:44

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Message 4 of 15 in Discussion

Its the big, big, Bamboo, working for the Yankee Dollar !



malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
09/12/2010 13:56

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Message 5 of 15 in Discussion

sterling is rising because of favourable UK growth results but don't worry it'll probably be back to 2.32 by the weekend at the latest



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
09/12/2010 17:14

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Message 6 of 15 in Discussion

Good for some...not so good for others.



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
09/12/2010 17:17

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Message 7 of 15 in Discussion

Eager

If you didn't get out of Lira when it was 2.22 to the you have only yourself to blame.



Richard



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
09/12/2010 17:30

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Message 8 of 15 in Discussion

If i only had a crystal ball......bought in at nearly 2.6 so not sweating at the moment.



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
09/12/2010 17:35

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Message 9 of 15 in Discussion

has yet to see a real decline against , cannot understand why.



Richard



YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
09/12/2010 17:37

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Message 10 of 15 in Discussion

Eager be fair. Good for most, not good for few. I would think good for all TCs who get paid in YTL.



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
09/12/2010 17:38

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Message 11 of 15 in Discussion

Yfred...not good for me either, but swings and roundabouts i'm afraid.



BrightonJim


Joined: 27/07/2010
Posts: 145

Message Posted:
09/12/2010 18:32

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Message 12 of 15 in Discussion

I have read in the UK financial press that Turkey wants to keep exports competitive and the Tl at 2.25/2.30 makes this difficult. There is talk of a devaluation, not because it is being forced upon Turkey but because she regards it as being in her interests.



malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
09/12/2010 18:43

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Message 13 of 15 in Discussion

Sterling is actually weakening against most currencies today and there seems to be no particular reason for the TL weakening apart from it being risky during a period of uncertainty.



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
09/12/2010 18:56

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Message 14 of 15 in Discussion

Msg 12

I've always thought, taking into account Turkey's debt/military expenditure the real exchange rate should now be around 3.4TL to however, the US bails out Turkey to a colossal amount which makes for an uneven 'playing field', and holds huge reserves of $ which the Turkish central bank will not offset towards the national good, lying dormant in Swiss bank accounts! Corruption shows its evil head once again!



Richard



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
10/12/2010 00:55

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Message 15 of 15 in Discussion

2.38 now.....



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